Mr. Jason Simpson reports

ORLA MINING PROVIDES SECOND QUARTER 2023 OPERATIONAL RESULTS

Orla Mining Ltd. has provided an interim operational update for the second quarter ended June 30, 2023.

During the second quarter of 2023, the Camino Rojo oxide mine produced and sold 29,058 and 29,773 ounces of gold, respectively. Camino Rojo continues to perform according to plan, and the company remains on track to meet 2023 annual gold production guidance of 100,000 to 110,000 ounces. As at June 30, 2023, Orla had a cash position of $114.5-million.

Second quarter 2023 conference call

Orla will host a conference call on Friday, Aug. 4, 2023, at 10 a.m. ET to provide a corporate update following the release of its financial and operating results for the second quarter of 2023.

Dial-in numbers/webcast

Conference ID:  5844017

Toll-free:  1-888-550-5302

Toll:  1-646-960-0685

Webcast:  visit the company's website

Qualified person statement

The scientific and technical information related to Camino Rojo in this news release was reviewed and approved by J. Andrew Cormier, PEng, chief operating officer of the company, who is the qualified person as defined under National Instrument 43-101 standards.

About Orla Mining Ltd.

Orla's corporate strategy is to acquire, develop and operate mineral properties where the company's expertise can substantially increase stakeholder value. The company has three material gold projects: (i) Camino Rojo, located in Zacatecas state, Mexico; (ii) South Railroad, located in Nevada, United States; and (iii) Cerro Quema, located in Los Santos province, Panama. Orla is operating the Camino Rojo oxide gold mine, an open-pit, heap-leach gold-silver mine. The property is 100 per cent owned by Orla and covers over 160,000 hectares, which contains a large oxide and sulphide mineral resource. Orla also owns 100 per cent of Cerro Quema, located in Panama, which includes a prefeasibility-stage, open-pit, heap-leach gold project, a copper-gold sulphide resource and various exploration targets. Orla also owns 100 per cent of the South Railroad project, a feasibility-stage, open-pit, heap-leach gold project located on the Carlin trend in Nevada.

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