Mr. Nuria Menendez reports

ORVANA ANNOUNCES RECORD YEAR END GOLD PRODUCTION

Orvana Minerals Corp. has provided production results for the fourth quarter of fiscal 2018 and full fiscal year 2018 for its El Valle mine in Spain and Don Mario mine in Bolivia.

Production highlights:

• Record consolidated annual gold production of 103,384 ounces, an increase of 14 per cent compared with year-end 2017 (90,292 ounces) and a 57-per-cent increase compared with year-end 2016 (65,784 ounces);
• Consolidated gold-equivalent production of 126,017 ounces;
• Record consolidated quarter gold production of 28,661 ounces, an increase of 7 per cent compared with the third quarter of 2018;
• Fiscal 2019 production guidance of 100,000 to 110,000 ounces of gold, aligns with successful completion of two-year ramp-up effort;
• Orvana will continue to drive productivity improvements and reduction of unitary costs at both sites through the continued transition of higher-grade oxides at El Valle and the opening up of new areas at Don Mario.

Juan Gavidia, chief executive officer of Orvana Minerals, stated: "We are pleased to have produced above 100,000 ounces of gold in FY 2018. While achieving record gold production, we continued to maintain our high safety and environmental policy standards. Our production success caps a two-year effort to aggressively improve operations at El Valle and Don Mario." Mr. Gavidia further stated: "We are also firmly committed to lowering unitary costs and maximizing free cash flow. We anticipate 2019 to be key to our expanding exploration and business development programs."

Fiscal 2018 production -- El Valle mine:

• Gold production of 58,259 ounces or an increase of 13 per cent compared with 51,546 ounces in 2017;
• Copper production was 5.1 million pounds compared with 5.5 million pounds in 2017;
• Higher-grade drifts (oxides ore) increased by 82 per cent, to 6,861 metres during fiscal 2018, contributing to successful production results for the year;
• Higher-grade oxides production was 37 per cent of mill ore feed compared with 22 per cent in 2017;
• Q4 gold grade of 3.06 grams per tonne was below Q3's 3.36 g/t, as per planned mining schedule.

FY 2018 production -- Don Mario mine

• Gold production of 45,125 ounces, or an increase of 16 per cent, compared with 38,746 ounces in fiscal 2017;
• Gold recovery of 90.2 per cent largely surpassed targeted gold recovery of 80 per cent for the first fiscal year after CIL circuit recommissioning;
• There was no copper production in Q4 2018 as the flotation circuit was shutdown at the end of the second quarter of 2018.

                            PRODUCTION RESULTS
  
                                       Q4 2018                         Q3 2018
                            El Valle Don Mario   Total    El Valle   Don Mario    Total

Operating performance
Ore milled (tonnes) (dmt)   170,927    184,094 355,021     169,958     176,400  346,358
Gold equivalent
Production (oz)              18,970     13,251  32,221      21,357       9,968   31,525
Gold
Grade (g/t)                    3.06       2.41    2.72        3.36        1.90     2.62
Recovery (%)                   92.2       92.2    92.2        91.8        92.4     92.1
Production (oz)              15,490     13,171  28,661      16,845       9,916   26,761
Copper
Grade (%)                      0.44               0.44        0.51                 0.51
Recovery (%)                   77.4               77.4        81.6                 81.6
Production (000 lb)           1,291              1,291       1,575                1,575
  
                                                                                                                       
                               FY 2018           FY 2018   FY 2017    FY 2016
                                 Total  revised guidance     Total      Total

Operating performance
Ore milled (tonnes) (dmt)    1,342,464                   1,375,738  1,258,190
Gold equivalent
Production (oz)                126,017                     124,039     98,960
Gold
Grade (g/t)                       2.61
Recovery (%)                      91.4
Production (oz)                103,384   100,000-110,000    90,292     65,784
Copper
Grade (%)                         0.53
Recovery (%)                      73.7
Production (000 lb)              8,234       8,000-8,400    13,893     14,735

Financial performance

COC and all-in sustaining cost guidance as well as other financial highlights will be released with the year-end financials, expected early December, 2018.

About Orvana Minerals Corp.

Orvana is a multimine gold and copper producer. Orvana's operating assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain and the producing Don Mario gold mine in Bolivia.

We seek Safe Harbor.