O2Gold Inc. provided an update on its previously announced acquisition of a gold mining project in Colombia known as the “Otu Central Project”. To allow the Company additional flexibility to raise the funds required pursuant to the share purchase agreement dated October 26, 2020, as amended, the vendors agreed that such funds may be raised through loans or the exercise of certain of its outstanding common share purchase warrants. The Company continues to anticipate that the Acquisition will be completed in April 2021. The Otu Central Project consists of interests in 26 mining claim titles and applications in Antioquia, Colombia.