Mr. Michael Winship reports

ORVANA PRODUCES 21,532 OUNCES OF GOLD IN THIRD QUARTER FISCAL 2014

Orvana Minerals Corp. produced 21,532 ounces of gold in the third quarter of fiscal 2014.

The attached table sets out consolidated operating performance data for the EVBC and Don Mario mines for the specified periods, together with updated fiscal 2014 guidance.

                        PRODUCTION AND 2014 GUIDANCE

                        EVBC mines  Don Mario    Total     Total      FY 2014
                           Q3 2014    Q3 2014  Q3 2014  YTD 2014     guidance

Milled (tonnes) (dmt)      145,169    199,313
Gold
Grade (g/t)                   3.76       1.88
Recovery (%)                  93.6       42.5
                                                                       80,000-
Production (oz)             16,405      5,127   21,532    59,921       86,000
Copper
Grade (%)                     0.51       1.50
Recovery (%)                  86.4       51.4
Production (000                                                        19,000-
lb)                          1,404      3,381    4,785    14,551       21,000
Silver
Grade (g/t)                  11.52      49.66
Recovery (%)                  79.5       53.0
                                                                      840,000-
Production (oz)             42,755    168,704  211,459   741,945      900,000

Production

Gold production at the EVBC mines in Spain was higher in the third quarter of fiscal 2014 compared with earlier quarters in fiscal 2014. The recommissioning of the hoist and shaft, repaired in the first half of fiscal 2014, together with work completed to recover a failed zone in the San Martin skarns area in the Boinas mine, facilitated production increases. Additionally, management focused on optimizing the grade of the mineralization sent to the process plant, resulting in fewer tonnes processed.

At the Don Mario mine in Bolivia, the company commissioned two new gravity concentrators toward the end of March, 2014. This has yet to consistently produce the expected result of increasing gold recoveries due to commissioning challenges and complex mineralogy. Consequently, sales of the new gold concentrate are now expected to commence early in the fourth quarter of fiscal 2014.

Orvana is maintaining its guidance for gold and copper and lowering its guidance for silver to between 840,000 and 900,000 ounces for the year.

We seek Safe Harbor.