Orosur Mining Inc. announced that it has been informed by Newmont Colombia S.A.S. that it intends to continue to exercise its rights and obligations with regard to the Anzá gold project in Colombia (the "Anza Project") under the terms of the Exploration Agreement with Venture Option (the "Agreement") signed and announced in September 2018. Newmont Colombia has now paid the fourth and final cash payment of USD 500,000 required under the Phase I earn-in arrangement to retain its option and to continue into the 3rd year of Phase 1 of the Agreement during which year it is required to spend a further USD 4 million in qualifying expenditure on the Anza Project. In addition, should qualifying expenditure incurred on the Anzá Project for the year ending 7th September 2020, fall short of the required USD 1 million under the Agreement, Newmont Colombia will be required to meet such shortfall by making a payment equal to the shortfall to the Company no later than 6th November 2020. The amount of such payment would be determined once the total of qualifying expenditure for the year ending 7th September 2020 has been accounted for. In the 3rd and 4th years of Phase 1 of the Agreement, Newmont Colombia will be required to spend a total of USD 8 million in qualifying expenditure on the Anzá Project to acquire a 51% ownership interest. No further cash payments are due to the Company in the remaining two years of Phase 1 of the Agreement.