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TORONTO, Jan. 5, 2024 /CNW/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") announces that, effective March 31, 2023 and December 31, 2023, it granted to certain directors of the Corporation deferred share units of the Corporation ("DSUs") in satisfaction of certain director fees that have been settled in DSUs in lieu of cash for the second and third quarters of 2023, respectively. To that end, directors of the Corporation may elect, from time to time, to receive all or a portion of their director fees in the form of cash or DSUs. Any fees that are settled in DSUs are settled on a quarterly basis.