Mr. David Christie reports

ORFORD ANNOUNCES FINANCING OF UP TO $1.0 MILLION

Orford Mining Corp. has arranged a non-brokered private placement of up to: (i) 15.0 million in the aggregate flow-through-share units at an issue price of five cents per unit; and (ii) 5.8 million hard-dollar-share units at an issue price of 4.5 cents per unit, to raise gross proceeds of up to $1,011,000 from the sale of FT units and HD units, or any combination thereof. Each 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 6.5 cents. Alamos Gold has indicated that it intends to participate in the financing to maintain its pro rata holding of approximately 27.9 per cent of Orford's outstanding common shares.

Orford intends to use the net proceeds from the offering on its exploration programs in the Nunavik region of Northern Quebec, in particular its Qiqavik gold project and the Nunavik lithium project, on its Joutel regional properties in the Abitibi region of 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 drilling program. The Qiqavik project represents what Orford believes is a new gold district discovery in the Cape Smith belt of Northern Quebec. The Nunavik lithium project represents an underexplored new lithium district in Canada.

The offering 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 corporation proposes to engage certain finders, duly registered as required under the Securities Act (Ontario) or equivalent legislation, to assist in locating investors for the private placement and to pay each applicable finder a fee consisting of: (1) a cash amount equal to 6 per cent of the gross proceeds of the private placement raised from investors located by an applicable finder; and (ii) up to such number of non-transferable compensation warrants as is equal to 6 per cent of the aggregate number of HD units and FT units sold to subscribers referred to the private placement by such finders, with each finder warrant entitling the holder to acquire one common share at a price of five cents for a period of 24 months from the closing date.

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). The company is not filing a material change report in respect of the related-party transaction at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the offering in an expeditious manner.

About Orford Mining Corp.

Orford is a gold and critical mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. Orford's principal assets are the Qiqavik and West Raglan 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 Venture Exchange under the symbol ORM. This information from neighbouring properties is not necessarily indicative of the mineralization on Orford's properties.

We seek Safe Harbor.