Mr. Marc Prefontaine of Orla reports

ORLA MINING AND PERSHIMCO ANNOUNCE ORLA MINING'S SUCCESSFUL COMPLETION OF CONTINUANCE UNDER CBCA AND RECEIPT OF FINAL ORDER TO IMPLEMENT ARRANGEMENT

In connection with the proposed amalgamation of Orla Mining Ltd. and Pershimco Resources Inc. pursuant to a plan of arrangement under Section 192 of the Canada Business Corporations Act (CBCA), and further to Orla having received the necessary approval of its shareholders at a special meeting of Orla shareholders held on Nov. 30, 2016, Orla has successfully completed its continuance, effective Nov. 30, 2016, from the Province of Ontario into the federal jurisdiction of Canada, in accordance with the provisions of the CBCA. As previously disclosed, the continuance was approved by the affirmative vote of 99.98 per cent of the votes cast by Orla shareholders, present in person or represented by proxy at the Orla meeting.

On Oct. 31, 2016, Orla and Pershimco obtained an interim order of the Superior Court of Quebec (Commercial Division) under the CBCA in connection with the arrangement. Orla and Pershimco returned to court on Dec. 2, 2016, and obtained a final order to implement the arrangement. The completion of the arrangement remains subject to certain other conditions and is expected to be completed on or about Dec. 6, 2016.

Further information about the arrangement is set out in Orla's management information circular dated Oct. 31, 2016, and in Pershimco's management information circular dated Oct. 31, 2016, which are available on SEDAR under Orla's and Pershimco's issuer profiles on SEDAR.

About Orla Mining

Orla Mining is a closely held mineral exploration company led by a group of seasoned mining executives.

About Pershimco Resources

Pershimco Resources has a near-term gold oxide production scenario and a copper-gold porphyry target at its 100-per-cent-owned Cerro Quema project in Panama.

We seek Safe Harbor.