O3 Mining Inc. Presents Its First ESG Report

As O3 Mining advances towards its goal of becoming a gold producer in the Val-d'Or region of Québec, Canada, its holistic sustainability approach in generating value for all stakeholders and in handling environmental concerns will increasingly be in the spotlight.

This first Sustainability Report outlines the Corporation's approach to ESG, its efforts to date and its future objectives in being a good corporate citizen in the communities in which it operates.

"As O3 Mining advances towards its vision of becoming a best-in-class gold producer, we continue to implement an increasing number of sustainable practices as a fundamental part of our business strategy. In this report, you will find the steps we have taken so far, those we intend to do in the future and how we intend to achieve our sustainability goals", said Jose Vizquerra, President and Chief Executive Officer of O3 Mining.

Click here to view O3 Mining's ESG report.

Summary

Sustainability practices and values within the mining industry have changed significantly. O3 Mining is proud to be part of this transition and embrace new ways of doing business for the benefit of all stakeholders. As a new generation mining company, the Corporation firmly believes that sustainable development must be at the heart of its business strategy as it seeks to build gold mines in Québec, Canada.

"In building tomorrow's projects, climate change and ESG considerations have to be integrated into our planning from inception to completion. As you will see in this report, sustainable development is an integral part of O3 Mining's strategy", said Myrzah Bello, Director of Sustainable Development of O3 Mining.

Highlights

• O3 Mining is committed to the integration of sustainable development practices through safe and ethical work that respects the social, environmental and economic context of the host communities surrounding its projects;
• O3 Mining is committed to work alongside First Nations to ensure the development of its projects will take into consideration their expectations and needs;
• O3 Mining aims to obtain the ECOLOGO certification in 2021;
• O3 Mining seeks to minimize its environmental impact by using state-of-the-art technology, such as artificial intelligence in its exploration phase;
• Since its inception, O3 Mining's mission has been to contribute to local organizations in the areas of education and health;
• O3 Mining aims to achieve a 40% diversity rate on its Board of Directors by 2022;
• O3 Mining is committed to ongoing and active monitoring and updating of its ESG objectives. Transparency and responsible practices will guide this process.

About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec.

O3 Mining is well-capitalized and owns a 100% interest in all its properties (137,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSX.V: OIII) and OTC Markets (OTCQX: OIIIF). The company is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the restart of operations; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID-19 related disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and may arise in relation to travel, and other financial market and social impacts from COVID-19 and responses to COVID 19. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.<

SOURCE O3 Mining Inc.



Contact
on O3 Mining, please contact: José Vizquerra Benavides, President, CEO and Director, Toll-Free: +1 (833) 979-3516, Telephone: +1 (873) 381-2014