Mr. David Christie reports

ORFORD DEFINES NEAR SURFACE MINERALIZATION AT THE SOUTH GOLD ZONE ON ITS JOUTEL EAGLE PROPERTY AND DISCOVERS NEW NORTH GOLD ZONE

Orford Mining Corp. has received all pending assays from its 2023 drilling program on its Joutel Eagle property located along the prolific Casa-Berardi structural zone in the Abitibi region of Quebec.

• Results from assays have confirmed, extended and better defined a series of thick, near-surface mineralized zones (South gold zone) within 150 metres of surface including:
  • Gold mineralization intersected in the top 40 metres in hole 23-JE-008 which reported 1.7 grams per tonne Au over 15.7 m from 21.65 to 37.35 m, including 5.8 g/t Au over 4.1 m;
  • 23-JE-004 that reported 4.1 g/t Au over 14.6 m from 100.30 to 114.90 m including higher-grade intervals;
  • Newly received assay results include 3.8 g/t Au over 10 m from 108 m to 111 m in hole in 23-JE-016.
• Thick mineralized intersections of up to 1.1 g/t Au over 54.7 m including higher-grade intervals of 1.7 g/t Au over 28.6 m (23-JE-015) were reported from the South gold zone.
• Drilling down dip of shallow mineralization at the South gold zone has confirmed the extension of mineralization at depth (such as 22-JE-001 and 22-JE-002) with all intercepts remaining open at depth. Historical drilling indicates that mineralization continues to 300 m depth and is open below that.
• Drilling to the north of the South gold zone has identified a new mineralized trend (North gold zone) which reported 1.3 g/t Au over 16.1 m (23-JE-007).

Note that all drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.

David Christie, president and chief executive officer of Orford, commented: "The results from the 2023 drilling campaign on the South gold zone at the Joutel Eagle property has proven our hypothesis of a shallow and thick zone hosting continuous gold mineralization. These results will be used to plan infill drilling and expand results at depth in order to achieve a resource estimate. We look forward to also drill testing the newly discovered North gold zone along strike."

The 15 holes drilled at the South gold zone during the 2022 and 2023 programs have shown that the South gold zone hosts higher-grade gold mineralization over wider intervals than had been reported historically. The South gold zone mineralization is open at depth and is observed as deep as 300 m in historical drilling reporting 2.9 g/t over 6.3 including 5.3 g/t Au over 2.3 m in hole 83-03. Gold mineralization is associated with sulphides, sericite and quartz-pyrite with associated quartz-carbonate veins of similar style to the nearby Eagle-Telbel mine.

Two holes (23-JE-006 and 23-JE-007) from the 2023 program were drilled to the north of the South gold zone in a previously untested area of the property. These holes intersected a new gold-bearing horizon 150 metres to the north of the South gold zone and reported 1.3 g/t Au over 16.1 metres from 201 metres depth including higher-grade intervals of up to 4.5 g/t Au over 1.1 m (hole 23-JE-007).

Measurements were collected during the drill program with a core orientation tool and a full structural interpretation will be completed. Future drill programs will aim to extend the South gold zone at depth to provide a basis for a resource estimation, and to make additional discoveries along the North gold zone.

Assays

Sample shipments were sealed and shipped to Agat Laboratories, Val d'Or, Que. All gold assays reported were obtained by standard fire assay on 50-gram nominal weight with an atomic absorption spectroscopy finish or by gravimetric finish in the case of overlimit and on request (methods 202551 and 202564) at Agat Laboratories, Mississauga, Ont. All samples were also analyzed for multielements, including copper and silver, using a four-acid method with an inductively coupled plasma optical emission spectroscopy finish (method 201070) at Agat Laboratories, Mississauga, Ont.

Drill program design, quality assurance/quality control (QA/QC) and interpretation of results are performed by qualified persons employing a QA/QC program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are inserted at a minimum of 10 per cent for QA/QC purposes in addition to those inserted by the lab. A subset of samples has not yet been sent for a verification assay at another lab. Agat Laboratories is accredited by the Standards Council of Canada and found to comply with the requirements of ISO/IEC 17025:2017.

About the Joutel Eagle property

The property is situated just to the northwest of Agnico Eagle's past-producing Eagle-Telbel operation which produced in excess of 1.1 million ounces of gold from 1974 to 1993. The Joutel Eagle property covers 11 kilometres of the Casa Berardi structural zone south splay (CBSZ) which is associated with several gold deposits and, together with Orford's McClure East property, gives Orford over 17 km coverage on the prolific CBSZ. The Joutel Eagle property sits to the north of Orford's 100-per-cent-owned Joutel South property and to the west of Orford's 100-per-cent-owned McClure East property. Information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties. On Nov. 30, 2021, Orford announced that it had entered an option to acquire 100 per cent of the 50-square-kilometre Joutel Eagle project from Globex Mining Enterprises Inc.

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 km. The West Raglan project hosts a number of high-grade Raglan-style nickel/copper/platinum group metal discoveries along a 55 km 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 Venture Exchange under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford Mining's properties.

Qualified person

The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, PGeo, chief geoscientist of Orford, a qualified person under NI 43-101. The historical assays referred to in this release were obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and have not been independently verified by a qualified person as defined by NI 43- 101.

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