Mr. Jason Simpson reports

ORLA MINING REPORTS FIRST QUARTER 2026 GOLD PRODUCTION

Orla Mining Ltd. has provided an operational update for the first quarter ended March 31, 2026. Orla remains on track to meet its full-year consolidated gold production guidance range of 340,000 to 360,000 ounces.

(All dollar amounts are in U.S. dollars, are as at March 31, 2026, and are unaudited.)

"Two thousand twenty-six was always going to be a catalyst-rich year and the opening months have not disappointed. We delivered the updated feasibility study at South Railroad, completed the PEA for the Camino Rojo underground project, secured the final permits for the open-pit expansion, delivered exciting exploration results in Canada and generated strong production start from both our sites, all representing meaningful milestones across our portfolio. We are proud of our team in all three nations who contributed to all these successes giving us real confidence for the remainder of 2026," stated Jason Simpson, president and chief executive officer, Orla Mining.

Musselwhite operations

During the quarter, Musselwhite mined 333,495 tonnes of ore and processed 332,822 tonnes at a mill head grade of 6.29 grams per tonne (g/t) gold. Gold recovery was 95.91 per cent, resulting in gold production of 62,985 ounces.

Musselwhite completed 3,437 metres of lateral development. Three hundred sixty-seven metres of the completed lateral development was attributed to the advance of the 1080 exploration drift. The 1080 exploration drift is being used to provide platforms for underground diamond drilling in the PQ extensions area with the objective to continue growing reserves and resources in the extension of the mine trend. During the quarter, 2,300 metres of reserve, 9,200 metres of resource, 5,300 deep directional and 2,700 metres of brownfields drilling were completed. All drilling programs continue to produce encouraging results.

Camino Rojo operations

During the quarter, Camino Rojo mined over 2,024,832 tonnes of ore and nearly 2,326,082 tonnes of waste, for an implied strip ratio of 1.15. A total of 1,828,000 tonnes of ore were stacked at an average grade of 0.59 g/t gold equating to an average daily stacking rate of about 20,300 tonnes.

As noted in the March 18, 2026, news release, the company received the environmental permit (manifestacion de impacto ambiental (MIA)) from Mexico's Secretariat of Environment and Natural Resources (Semarnat) for its Camino Rojo mine in Zacatecas, Mexico. With this approval, Orla now has all the permits necessary, including the change of land use approval, to mine the remainder of the oxide ope -pit, including the layback area.

Liquidity position

At March 31, 2026, Orla's cash and debt positions were $427.3-million and $331.3-million, respectively, resulting in a net cash position of $96.0-million (1).

First quarter 2026 conference call

Orla expects to release its first quarter 2026 operating and financial results on May 8, 2026, and will host a conference call on May 11, 2026, at 10 a.m. Eastern Time, to provide a corporate update.

Dial-in numbers/webcast

North American -- toll-free:  1-833-461-5787

United States/international toll:  1-585-542-9983

Canada -- toll-free:  1-365-657-4084

Conference ID:  581323587

Webcast:  See the company's website.

Qualified person statement

The scientific and technical information 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.

(1) Net cash (debt) is a non-GAAP (generally accepted accounting principles) measure.

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 projects, consisting of two operating mines and one development project, all 100 per cent owned by the company:

1. Camino Rojo, in Zacatecas state, Mexico, an operating gold and silver open-pit and heap leach mine, and the potential underground project. The property covers over 139,000 hectares, which contain a large oxide and sulphide mineral resource;
2. Musselwhite mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced close to six million ounces of gold, with a long history of resource growth and conversion;
3. South Railroad (South Carlin complex), in Nevada, United States, a feasibility-stage, open-pit, heap leach gold project located on the Carlin trend. The technical reports for the company's material projects are available on Orla's website, and on SEDAR+ and EDGAR under the company's profile.

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