ORVANA SUBSIDIARY IN BOLIVIA REPORTS Q1 FY2024 FINANCIAL RESULTS

This news release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration. There will be no public offering of any of the securities mentioned in this news release in the United States. This news release does not constitute an offer of securities for sale inthe United States. Securities may not be offered...

THE UNITED STATES, 06/02/2024 (informazione.it - comunicati stampa - industria)

TORONTO , Feb. 6, 2024 /PRNewswire/ -- (TSX: ORV) announces the filing at the Bolivian stock market by its subsidiary, Empresa Minera Paitií, S.A. ("EMIPA"), of its unaudited Financial Statements for the first quarter of the fiscal year 2024 ("Q1 FY2024"). In September 2023 , the Autoridad de Supervision del Sistema Financiero (ASFI), Bolivia's financial regulator, approved and registered EMIPA as an eligible bond issuer on the Bolivian stock market. As a registered bond issuer on the Bolivian stock market, EMIPA is required to file its quarterly financial statements with ASFI. The purpose of registering EMIPA as an eligible bond issuer is to provide the subsidiary with the ability to raise funds from the sale of bonds in Bolivia to finance its proposed oxides stockpile project. As of the date hereof, EMIPA continues to seek financing for its oxides stockpile project. There can be no assurance that EMIPA's efforts will result in adequate financing for the oxides stockpile project. The Company will provide updates on the status of EMIPA's oxides stockpile project as material information develops from time to time, and will provide updates on EMIPA's financing efforts when further information becomes available.

The Company holds a 100% interest in EMIPA. The unaudited Financial Statements can be viewed at the following ASFI landing page (the "ASFI Page"):

https://www.asfi.gob.bo/index.php/registro-rmv/mv-entidades-inscritas-en-el-rmv.html

To search for EMIPA's financial statements, select the following at the ASFI Page:

ENTIDADES REGULADAS – EMISORES: Empresa Minera Paitití, S.A. EMIPA
Ver: Estados Financieros

Orvana's consolidated Q1 FY2024 financial highlights will be released with the first quarter financials, expected mid-February, 2024

Orvana is a multi-mine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain , the Don Mario gold-silver property in Bolivia , currently in care and maintenance, and the Taguas property located in Argentina . Additional information is available at Orvana's website (www.orvana.com). 

CONTACT:  Nuria Menéndez, Chief Financial Officer, E: nmenendez@orvana.com

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