Mr. Jason Simpson reports

ORLA MINING RELEASES INAUGURAL SUSTAINABILITY REPORT AND INTRODUCES "TOWARDS 2030 SUSTAINABILITY STRATEGY"

Orla Mining Ltd. has released its inaugural sustainability report, highlighting the company's approach and performance on its environmental, social and governance (ESG) initiatives. Orla operates the Camino Rojo mine in Mexico and is developing projects in Nevada and Panama.

The 2022 sustainability report enhances Orla's ESG disclosure and also introduces a long-term road map through the company's Towards 2030 Sustainability Strategy. This strategy is grounded in Orla's objective of transforming mineral resources into a net-positive benefit for its stakeholders. These stakeholders include employees, shareholders, suppliers, and nations and communities where it operates, among others. The strategy sets clear priorities, key performance indicators, action plans and timelines to drive progress in areas such as health and safety, climate change mitigation, water stewardship, biodiversity, community impact management, work force diversity, equity, and inclusion.

"I am very excited to launch our inaugural sustainability report, an important milestone for Orla," said Jason Simpson, Orla president and chief executive officer. "This report outlines our impact beyond financial performance and integrates our responses on the material ESG challenges across our business. As an emerging gold producer with a focus on responsible mining, it is a natural time to amplify our communication and commitments."

For Orla's 2022 sustainability report, please see Orla's website.

2022 sustainability performance highlights:

• 25 per cent of Orla's corporate goals were ESG-linked, all of which were achieved;
• 100 per cent of Orla executives and managerial-level employees were evaluated against ESG performance;
• Achieved a respectable health and safety record, with a lost-time injury frequency rate of 1.49 across its sites;
• Generated $5.8-million (U.S.) in community economic contributions at Camino Rojo, including salaries, local procurement, land leases and investments in local infrastructure;
• Achieved an emissions level of 0.19 tonne of carbon dioxide equivalent per ounce of gold equivalent produced at Camino Rojo, establishing the operation as a global leader on this metric;
• Achieved 0.15 cubic metre/t of processed ore water intensity, with zero water discharge (100 per cent of water reused and recycled), at Camino Rojo, Mexico;
• Developed the Towards 2030 Sustainability Strategy and set ESG targets to build a more sustainable, resilient and inclusive business, anchored around the goal of accelerating value creation and net-positive benefits for stakeholders.

"Transparent reporting on our performance is a core company tenet and underpins our Towards 2030 Sustainability Strategy," stated Chafika Eddine, Orla's chief sustainability officer. "Through our sustainability report and other disclosures, we will keep stakeholders informed of our progress, hold ourselves accountable against our stated commitments and gain insights on how to sharpen our future efforts."

Orla's sustainability report is guided by material topics, defined by the company's latest materiality assessments. Report disclosures are aligned with the Sustainability Accounting Standards Board (SASB) standard and the Taskforce on Climate-related Financial Disclosures (TCFD) framework. Orla also supports and contributes to the United Nations' Sustainable Development Goals (SDGs).

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: (1) Camino Rojo, located in Zacatecas state, Mexico; (2) South Railroad, located in Nevada, United States; and (3) Cerro Quema, located in Los Santos province, Panama. Orla is operating the Camino Rojo oxide gold mine, a gold and silver open-pit and heap leach mine. The property is 100 per cent owned by Orla and covers over 160,000 hectares containing 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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