Mr. David Christie reports

ORFORD ANNOUNCES FINANCING OF UP TO $6.0 MILLION

Orford Mining Corp. has arranged a non-brokered private placement of: (i) approximately four million critical minerals flow-through units at an issue price of 24.8 cents per unit; (ii) approximately 18.6 million flow-through units at an issue price of 21.5 cents per unit; and (iii) approximately 7.7 million hard-dollar units at 13.05 cents per unit to raise gross proceeds of up to $6.2-million from the sale of CMFT units, FT units and HD units, or any combination thereof. Each CMFT unit, FT unit and HD unit will consist of one common share and one-half of a common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share of the company for a period of two years at an exercise price of 22 cents. Alamos Gold has indicated that it intends to participate in the financing to at least maintain its pro rata holding of approximately 26.18 per cent of Orford's outstanding common shares.

Orford intends to use the net proceeds from the offering to explore its exploration properties, in particular its Qiqavik gold project summer 2023 RAB (rotary air blast) drilling program and its summer 2023 Nunavik lithium inaugural exploration program in addition to its Joutel Eagle project, all in Northern Quebec, and for general corporate purposes. The South gold zone on the Joutel-Eagle property in the Abitibi greenstone belt of Northern Quebec is intended to be the focus of a 2024 winter geophysics and drilling program. The Qiqavik project represents what Orford believes is a new gold district discovery in the Cape Smith belt of Northern Quebec. The Joutel Omega properties are in the Joutel area of the Abitibi greenstone belt of Northern Quebec.

The offering is anticipated to close in one or more tranches on or before June 15, 2023, and is subject to the prior approval of the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period expiring four months plus one day from the date of closing of the applicable tranche.

The purchase of securities pursuant to the offering by Alamos (an insider of Orford) will constitute a related party transaction as such term is defined by Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The transaction will be exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the offering under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value (as determined under MI 61-101) of the subject matter of nor the fair market value of the consideration for the transaction, insofar as it involves the related parties, exceeds 25 per cent of the company's market capitalization (as determined under MI 61-101).

About Orford Mining Corp.

Orford Mining is a gold and critical mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik, West Raglan and lithium exploration projects comprising a land package totalling over 111,000 hectares in the Cape Smith belt of Northern Quebec. The Qiqavik project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 kilometres. The West Raglan project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55-kilometre mineralized trend. In early 2023, Orford acquired large claim blocks targeting lithium in the Nunavik region. These lithium claim blocks have been carefully selected as having promising lithium potential after an exhaustive compilation of available data. Orford also has four property positions in the Joutel region of the Abitibi district of Northern Quebec, which hosts historical deposits such as the Eagle/Telbel, Joutel copper, Poirier copper and Vezza deposits. Orford continually seeks new gold exploration opportunities in North America. Orford's common shares trade on the TSX-V under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

We seek Safe Harbor.