O2Gold Provides Updates on Acquisition of Colombian Gold Project and $5 Million Financing

TORONTO, Feb. 08, 2021 (GLOBE NEWSWIRE) — O2Gold Inc. (“O2Gold” or the “Company”) (TSXV: OTGO) is pleased to provide an update on its previously announced acquisition of a gold mining project in Colombia (the “Acquisition”). The Company is working diligently to complete the remaining conditions to closing, particularly the Company’s previously announced non-brokered private placement financing of up to 25 million units for gross proceeds of up to $5 million (the “Offering”). Closing of the Offering and the satisfaction of the other closing conditions for the Acquisition are expected to occur in March 2021. Please see the Company’s press release dated January 14, 2021 for more information about the Offering, which is available under the Company’s SEDAR profile at www.sedar.com.