Orosur Mining Inc. and Waymar Resources Ltd. announced that they have entered into an agreement to complete a business combination. Completion of the Acquisition will create a premier South American gold exploration, development and production company with a producing mine and exploration assets in Uruguay and exploration and development projects in established mining jurisdictions in Chile and Colombia. Upon completion of the Acquisition, Pablo Marcet will join the Orosur executive team and both Pablo Marcet and H.D. Lee, current directors of Waymar, will join the Board of Directors of Orosur.

Mr. Marcet and Mr. Lee have considerable experience and expertise in mining in South America, each notably playing respectively key operating and financial (CFO) roles for Northern Orion Resources Inc.