Mr. David Christie reports

ORFORD ANNOUNCES PRIVATE PLACEMENT FINANCING

Orford Mining Corp. has arranged a non-brokered private placement financing, to be undertaken on a commercially reasonable efforts basis, of up to 8,333,333 flow-through common shares of the company at an issue price of 24 cents per flow-through share for gross proceeds of up to $2-million and up to 2,380,952 hard-dollar units of the company at an issue price of 21 cents per unit for gross proceeds of up to $500,000. The hard-dollar unit will comprise one common share and one-half common share purchase warrant with a two-year term, a strike price of 29 cents per common share, and an accelerator if at or greater than 60 cents for more than 20 trading days.

The proceeds from the issuance of flow-through shares will be used to incur Canadian exploration expenses (CEE) and will qualify as flow-through mining expenditures under the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than Dec. 31, 2018, to the purchasers of flow-through shares in an aggregate amount no less than the proceeds raised from the issue of the flow-through shares.

The proceeds of the offering will be used by Orford to continue the exploration of the Qiqavik project in Northern Quebec and to explore the company's Carolina projects, as well as for general corporate purposes. The Qiqavik project represents a new gold discovery in the Cape Smith belt of Northern Quebec. Orford is currently completing a program of diamond drilling on its Carolina projects, Jones-Keystone-Loflin and Landrum-Faulkner, and is preparing for its summer program at Qiqavik in Quebec.

Closing of the flow-through portion of the offering is expected to occur as soon as possible and closing of the hard-dollar unit portion of the offering is expected to occur in early July, 2018. These issuances are subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the Toronto Stock Exchange. The flow-through shares and hard-dollar units issued under the offering will be subject to a statutory hold period of four months plus a day following the date of closing.

About the Carolina gold properties

Orford has entered into an option agreement with Carolina Gold Resources Inc. to earn a 70-per-cent interest in both the Jones-Keystone and Landrum-Faulkner properties, located, respectively, in North Carolina and South Carolina in the southeastern United States. The properties are located in the Carolina gold belt, home to Oceana Gold's producing Haile mine (3.7-million-ounce resource at 1.8 grams per tonne gold (Au)) and the past-producing Ridgeway mine.

The Jones-Keystone and Landrum-Faulkner properties occur at or near the same regional geological contact as the Haile and Ridgeway mines. At Jones-Keystone, mineralization is exposed at surface and historical drilling has yielded multiple drill hole intercepts in the range of one to three g/t, including an interval of 1.56 g/t Au over a 54-metre core length, including 3.01 g/t Au over a 28-metre core length, in historical hole JK-10-006 and an interval of 1.27 g/t Au over a 104-metre core length, including 3.03 g/t Au over a 14-metre core length, in historical hole JK-11-0171.

About the Qiqavik property

The Qiqavik property covers the 40-kilometre-long Qiqavik break, part of the Cape Smith belt event, which is of Paleoproterozoic age (1.8 billion to 1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake belt, the Ashanti goldfields of West Africa, the Tapajos-Parima belt of Brazil and the Tanami region in Australia. The Cape Smith belt is also home to Glencore's world-class Raglan mine.

Early-stage exploration work completed to date on the Qiqavik property shows that high-grade gold and copper occurrences are associated with secondary splay structures located along the district-scale Qiqavik break shear zone which extends the full 40-kilometre length of the Qiqavik property. Geological data indicate that gold mineralization at Qiqavik is structurally controlled and associated with porphyry intrusions in places.

Qualified person

The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, vice-president, exploration, of Orford, a qualified person under National Instrument 43-101.

The information concerning the Carolina gold properties in this release has been prepared by management of Orford based on current work and available historical information. There is no current report prepared in conformance with NI 43-101. Reference is made to the management information circular dated Sept. 18, 2017, filed on Orford's profile on SEDAR.

The information regarding work disclosed herein in respect of the Qiqavik property is based on the independent report of Clement Dombrowski, PGeo, of IOS Services Geoscientifiques Inc., titled "NI 43-101 Technical Report on Qiqavik Project, Northern Quebec, Canada," effective Sept. 14, 2017, and on Orford Mining's press releases of Oct. 26, 2017, and Nov. 15, 2017, available on Orford Mining's website and on SEDAR.

About Orford Mining Corp.

Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the Carolina gold belt in United States. Orford's principal assets are the Qiqavik and West Raglan projects, comprising a land package totalling over 70,000 hectares in the Cape Smith belt of Northern Quebec, and properties in the U.S. Carolina gold belt. The Qiqavik project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 kilometres.

We seek Safe Harbor.