February 2018 1 Disclaimer Certain statements contained in this - - PowerPoint PPT Presentation

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Redefining Gold Exploration in Namibia Investor Presentation February 2018

Disclaimer

Certain statements contained in this presentation, and in certain documents incorporated by reference in this presentation, constitute "forward-looking statements". All statements other than statements of historical fact contained in this presentation, including, without limitation, those regarding Osino Resources Corp.’s (the “Corporation‘”) future financial position and results of

• perations, strategy, plans, objectives, goals and targets, future developments in the markets where the Corporation participates
• r is seeking to participate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim",

"intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Corporation's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, those discussed under "Risk Factors" in the short form prospectus to which this presentation relates. Management provides forward-looking statements because it believes they provide useful information to readers when considering their investment

• bjectives and cautions readers that the information may not be appropriate for other purposes.

Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements and

• ther cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments

will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Corporation. These forward-looking statements are made as of the date of this presentation and the Corporation assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The forward-looking statements in this presentation are based on numerous assumptions regarding the Corporation's present and future business strategies and the environment in which the Corporation will operate in the future, including assumptions regarding expected yields, future prices and business and operating strategies. Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward- looking statements contained herein, including risks associated with the Corporation, such as lack of revenue, risks associated with the Corporation's business, such as the failure to obtain or maintain necessary licenses, and risks associated with the common shares of the Corporation, such as stock market volatility. .

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About Osino Resources Corp.

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• Developing large & prospective gold concessions in emerging Namibian gold belt.

483,500ha portfolio incl. Goldkuppe discovery & growing pipeline of targets

• Experienced mining professionals with track record in investment, sponsorship and

mine development/exploration

• Aiming to become major player by consolidating & controlling significant portion of

the prospective gold belt in order to find Namibia’s next significant gold deposit

Founders & Directors

Heye Daun (CEO, Co-founder & Director): Mining engineer with +20 years of experience with top-tier mining co.’s and financial groups. Former President & CEO of Ecuador Gold & Copper Corp. overseeing C$200m merger with Odin Mining. Co-founder

• f Auryx Gold Corp. Co-lead Auryx through IPO, capital raising, project development to C$180m sale to B2

Gold Corp. Prior to that with Nedbank Capital and Old Mutual Investment Group. First 10 years of career with Rio Tinto, Anglo Gold & Gold Fields, building & operating mines in Africa. Alan Friedman (President, Co-founder & Director): South African-trained lawyer and public markets entrepreneur. Involved with North American public markets for >15 years. Played integral role in acquisitions, financings & go-public transactions for many resource companies onto TSX and AIM. Co-founder & Director of TSX-V listed Eco (Atlantic) Oil and Gas Ltd. and Auryx Gold Corp. Director of the Canada-Southern Africa Chamber of Business. David Toyoda (Non-Executive Director)

• Mr. Toyoda is an Associate Counsel at Boughton Law Corporation, in Vancouver, British Columbia. He

practices in corporate and securities law, advising mining, technology and biotechnology companies that are listed, or preparing to list, on Canadian exchanges. Mr. Toyoda graduated from UBC with a LL.B degree and a B.Comm degree with honours and was called to the bar in 1993. He is a frequent presenter and lecturer on corporate and securities law topics at conferences and universities, including the TSX-V and Simon Fraser

• University. He is a Director of several public companies.

Eugene Beukman (Non-Executive Director, Corporate Secretary) Corporate consultant to public companies in Canada since January 1994. Over thirty years of experience in asset acquisition, and JVs. Previously with Gencor (predecessor to BHP). Graduated from University of Johannesburg, South Africa, with a Bachelor of Law Degree and a Bachelor of Law Honors Postgraduate

• Degree. Mr. Beukman is an Advocate of the High Court of South Africa. He is a Director and/or officer of

public companies trading on the TSX.V and the CSE. 4

Founders Track Record

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Formation Acquisition Advancement Exit Ecuador Gold & Copper Corp. Heye Daun appointed CEO in 2015, tasked with company turn-around & generating options for investors Assessed company & assets, built trust with investors, developed & executed turn-around strategy Raised US$3m in convertible debt & equity, restructurd balance sheet, settled range of legacy issues, prepared EGX for sale Successfully sold EGX to Lumina Gold through $200m merger Auryx Gold Corp. Heye Daun & Alan Friedman co-found Auryx and list on TSX via RTO in 2010 Acquire Otjikoto gold deposit in Namibia from Vale, through non-core disposal process Raised $85m in equity, built-

• ut team, expanded

resource, completed PEA Successfully sold AYX to B2 Gold Corp for $180m, now in production ~150kozpa Afriore Ltd. Alan Friedman was part of the acquisition team that acquired the Akanani Platinum Project Expanded resource, completed technical work to prove downdip extension of world-class SA platinum deposit Successfully sold Afriore to Lonmin Plc, world's 3rd largest PGM producer for $450m Eland Platinum Ltd Bright Group co-founder of Eland Platinum, Heye Daun part of initial funding consortium & co-investor with Bright Negotiated acquisition of undeveloped, non-core PGM resource from Anglo Raised >$100m in debt and equity from South African capital markets and commenced with project development Successfully sold company to Xstrata Plc for $1bn

Value Creation: The Auryx Gold Story

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1999 2008 2009 2010 2011 2012 2013 2014 Vale/ARM JV initiates Otjikoto divestment process Auryx named preferred bidder for Otjikoto after competitive process Auryx closes Otjikoto transaction through US$49m equity financing and listing on TSX Auryx closes US$34m bought-deal financing & aggressively expands exploration B2 Gold commences with project construction Auryx completes Project PEA & commences with mine permitting Auryx starts trading on NSX (Namibia) US$180m B2 - Auryx merger transaction closes Auryx discovers Wolfshag Zone, transforms project economics Otjikoto Project discovery by Teal Minerals' predecessor, Avmin. B2 Gold expands project to 200kozpa producer through aggressive exploration & scalable mill layout Formation & initial financing of BC Ltd, pre-cursor to Auryx, aiming to acquire gold projects in Africa B2 Gold pours first gold at Otjikoto Project now valued at US$750m in B2 Sum-of-Parts QKR acquires Navachab from AGA in US$110m transaction

Our Core Competence

Leveraging skills & expertise to acquire & progress district-scale gold assets with multi- million ounce potential in Namibia. We see our core competencies as:

• Identify and evaluate quality portfolio prospects
• Acquire assets from local vendors & government through proprietary relationships
• Advance projects through execution focus and application of best-practice

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Key Management

8 Dave Underwood (VP Exploration) BSc Geol (Hons) Dave has 26 years of broad exploration experience in Africa and beyond. He spent his formative years with De Beers and Anglo American including 6 years in Tanzania and Kenya exploring for gold and base

• metals. The last 12 years he worked as an independent exploration consultant in exploration, target

generation, evaluation and due diligence programmes for Newmont, AngloGold Ashanti, Silver Bull Resources, Roxgold etc. Commodities include gold, silver, base metals, uranium, manganese and iron

• re. Dave is a Fellow of the Society of Economic Geology, and a Registered Professional Scientist with

the SACNSP. Jon Andrew (Country & Exploration Manager) BSc Geol (Hons) Mr Andrew is a geologist with more than 20 years’ experience in Exploration and Mining Geology. His career has been focussed on the Africa and Middle East regions and includes diverse experience in precious, base and rare metals, industrial minerals and coal. He has held exploration manager and senior consulting positions with several major and junior mining companies listed on all major international stock exchanges. Emmanuel Shilongo (Exploration Geologist) MSc (Applied Geology)

• Mr. Emmanuel Shilongo is an Exploration Geologist, and currently oversees all the company’s field
• activities. He has 9 years’ experience in Mineral Exploration Geology mainly in Namibia. Most of

Emmanuel’s experience has been in Uranium focused on both primary and secondary uranium mineralisation, rare earth metals and copper exploration. Prior to joining Osino, Emmanuel held positions as Senior Mineral Exploration Geologist at TSX listed Forsys Metals Corp’s flagship project - the Valencia Uranium Development Project, at Namibia Uranium Corporation and at the Shali Group of Exploration Companies.

Namibia Tectonic Setting

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Osino License Position

Osino Targets Producing Gold Mines 50km Grid squares

• Total license position ~483,500ha
• Damara Gold Belt has produced 2 world-

class gold deposits

• Navachab (>5moz) in production
• Otjikoto (>3moz) in production
• Much of the belt under-explored or no

exploration at all

Otjikoto East & Far East (Osino Earn-in) Goldkuppe & Extensions Twin Hills & Okapawe targets Navachab (QKR) 80kozpa >5moz Otjikoto (B2) 160kozpa >3.5moz

Exploration Focus Areas

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• 1. Goldkuppe Discovery & Extensions
• 2. Karibib Regional Exploration
• 3. Otjikoto East Exploration
• 4. New Target Generation in rest of belt

3. 2. 4.

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Goldkuppe: Historical Drilling

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• Significant historical spend (~US$5m &

20,000m drilled)

• First DD hole intersected 50m @ 2.1 g/t
• incl. 7m @ 9.0 g/t Au
• Other highlights include:

12m @ 6.8 g/t, 14m @ 3.1 g/t 7m @ 3.6 g/t, 4m @ 11.6 g/t 5m @ 6,0 g/t, 6m @ 5.3 g/t and 1m @ 32.8 g/t Au

Goldkuppe: Structural Review

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Dead Oryx Spang Goldkuppe soil anomaly & 2016 drilling (square box) Oasis Calidus Runway

• Improved understanding of controls

after detailed H1 2017 review

• Recently defined 5 untested extension

targets - follow-up ongoing

• Drill-tested 5 extension 5 targets during

Q4 2017 – awaiting results 1km Grid squares

Goldkuppe Extension Targets

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1km Grid squares

• Structural review in H1 2017 in
• rder to better understand

structural controls

• Drill-tested extension targets in

Q4 2017 – awaiting results

• Follow-up ongoing (mapping,

sampling, geophysics)

Karibib Regional Exploration

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Goldkuppe & Ext: follow-up

• ngoing: mapping/sampling/

geophysics/drilling (Nov-17) Albrechtshöhe & Cheshire Cat Targets Soil anomaly with limited RAB drilling 15m @ 3.1 g/t & 9m @2.6 g/t High grade rock chip samples (recent) Dropstone Okapawe/ Reinsheim Twin Hills (large soil anomaly in schist) – Navachab look-alike Puffadder Epako

• 50km’s of prospective strike
• 6 exciting new walk-on drill targets

based on recent soil geochem & much better geological understanding

• Courser most advanced & drill-ready
• large footprint (>1000m x 400m)
• Navachab lithology (schist)
• Expect drill-testing of 1-2 of 6 targets

during H2 2017

• Follow-up work on remaining targets

SOIL GRIDS completed H1 2017 planned H2 2017

10km Grid squares

Otjikoto East Exploration

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Otjikoto East Exploration

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Exploration Program & Budget

• Systematic exploration under way to expand & advance our pipeline of targets
• 2018 Exploration budget of CAD4.0m (Jan to Dec-18). Scalable subject to exploration

results & RTO process/next financing

• Planning minimum CAD2.5m cash in treasury by March 2018 (excl. next financing)

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Why Us ?

1. Clear strategy 2. Solid team (complementary strengths + track record) 3. Diverse pipeline of opportunities 4. Proven ability to execute

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Thank you.

For more information contact: Maria Kambazembi 13 Feld Street, Windhoek. Namibia

• Tel. +264 61 246 533

www.osinoresources.com