Mr. David Christie reports

ORFORD ANNOUNCES FINANCING OF UP TO $2.0 MILLION

Orford Mining Corp. has arranged a non-brokered private placement of (i) approximately six million in the aggregate flow-through (FT) shares or critical minerals flow-through (CMFT) shares at an issue price of 17.25 cents per share and (ii) approximately 6.7 million hard-dollar (HD) shares at an issue price of 15 cents per share, to raise gross proceeds of up to $2-million from the sale of FT shares, CMFT shares and HD shares, or any combination thereof. Alamos Gold has indicated that it intends to participate in the financing by purchasing $1-million (6.7 million shares) of HD shares which will increase its holding in Orford Mining to approximately 28.0 per cent of Orford's outstanding common shares from approximately 26.2 per cent of Orford's outstanding common shares.

Orford intends to use the net proceeds from the offering on its currently active exploration programs in the Nunavik region of Northern Quebec, in particular its Qiqavik gold project summer 2023 RAB drilling program and its summer 2023 Nunavik lithium inaugural exploration program, in addition to continuing work on 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 offering is anticipated to close on or before July 27, 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 a day from the date of closing.

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.

We seek Safe Harbor.