Ongwe Minerals begins trading on TSX-V

Executive Summary

• Ongwe Minerals Inc. began trading on the TSX Venture Exchange under the ticker “OGW,” completing its reverse‑takeover (RTO) of Lotus Gold Corp. and a $4.85 million financing.
• The oversubscribed financing provides a strong balance sheet to fund exploration of its flagship Khorixas and Eastern Desert gold projects in Namibia.
• Management highlighted the company’s strategic land package, recent discoveries, and mobilized drill rigs as foundations for an active exploration phase aimed at delivering significant shareholder value.

Key Details

• Listing: Common shares now trade on TSX Venture Exchange (symbol OGW).
• Reverse Takeover: Completion of RTO with Lotus Gold Corp., including a name change to Ongwe Minerals Inc. and share consolidation.
• Financing: Closed an oversubscribed financing round raising $4.85 million; proceeds earmarked for exploration activities in Namibia.
• Strategic Assets:
• Khorixas Gold Project – flagship asset within a high‑potential gold belt.
• Eastern Desert Gold Project – complementary project in the same region.
• Exploration Status: Two significant discoveries have been delineated; drill rigs are mobilized and exploration is entering an active phase.
• Management Quote (CEO Dave Underwood): Emphasized the listing as a “defining moment,” highlighted strong technical foundations, capital availability, and the goal of delivering the next major discovery in Namibia.

Notable Quotes

“Today's listing on the TSX Venture Exchange is a defining moment for Ongwe and our shareholders… With capital in hand and a highly strategic land position in a world‑class gold belt, we are focused on executing our strategy and working toward our goal of delivering the next major discovery.” – Dave Underwood, CEO

Safe harbor statements omitted.