Osino Resources Corp. announced that it has entered into an agreement to acquire the Ondundu gold exploration property in Namibia from B2Gold Corp. dated December 31, 2021.

Under the terms of the Acquisition Agreement, Osino agreed to purchase all of the issued and outstanding shares (the Razorback Shares) of the Namibian company, Razorback Gold Mining Company (Proprietary) Limited (Razorback), which owns 100% of the Namibian exclusive prospecting license 3195 (the License) covering 19,969 hectares located approximately 130km northwest of Osino's Twin Hills Gold Project in Namibia, together with all technical information and other books and records in respect thereof (the Ondundu Gold Project or the Project) for an aggregate purchase price of USD 15,200,000 (the Purchase Price) including a combination of cash, deferred cash and shares.