Mr. David Christie reports

ORFORD PLANS 2024 JOUTEL EAGLE GOLD EXPLORATION AND ISSUES STOCK OPTIONS

Orford Mining Corp. is planning an exploration program on its prospective Joutel Eagle gold property in 2024. Joutel Eagle is located along the historical Eagle-Telbel mine trend in the Abitibi greenstone belt. Orford is currently assessing drill targets for a 2024 diamond drilling program on Joutel Eagle. Orford can earn a 100-per-cent interest in the 50-square-kilometre Joutel Eagle property through an option agreement from Globex Mining Enterprises Inc.

The Joutel Eagle property is an advanced-exploration-stage gold property with approximately 20,000 metres of historic drilling and 3,253 m of current drilling completed by Orford in 2022 and 2023 that have identified multiple gold zones to guide Orford's exploration efforts in 2024.

The property is adjacent to Agnico Eagle's past-producing Eagle-Telbel operation, which produced in excess of 1.1 million ounces of gold. The Joutel Eagle property covers 11 kilometres of strike length of the prolific Casa Berardi structural zone south splay (CBSZ), which is associated with several gold deposits, and together with Orford's 100-per-cent-owned McClure East property, gives Orford over 17-kilometre coverage along the CBSZ.

David Christie, president and chief executive officer of Orford, commented: "We are excited to continue our exploration efforts for another year on the highly prospective Joutel Eagle property. We believe it has the potential to host a number of South Gold type gold deposits. Our efforts will be focused on identifying further gold and copper mineralization across the Joutel Eagle property in the coming year."

The most developed zone on the Joutel Eagle property is the South Gold zone. In 2022 and 2023, Orford tested 400 metres of its strike with 3,253 m of drilling. Results have confirmed, extended and better defined a series of thick, near-surface, gold-mineralized zones (South Gold zone) within 150 metres of surface, and it remains open to depth. Highlights of the Orford drilling on Joutel Eagle include:

• 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 (news release dated June 23, 2023);
• 23-JE-004, which reported 4.1 g/t Au over 14.6 m from 100.30 to 114.90 m, including 28.7 g/t gold over 0.32 m (news release dated June 23, 2023);
• Thick mineralized intercepts 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, news release dated June 23, 2023);
• Historical drilling indicates that mineralization continues to 300 m below the surface and is open at depth;
• 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, news release dated June 23, 2023).

The Joutel Eagle property also hosts multiple satellite gold and copper intercepts and potential volcanogenic massive sulphide targets based on historical drilling across the property where no subsequent follow-up work has been completed. The Gagne zone is located in the southern part of the property and was last worked in the 1990s. Historical work reported grab samples from trenching that included: 26.2 g/t Au, 15 g/t Au, 20.23 g/t Au and 17.8 g/t Au associated with quartz veins that cut the Joutel tonalite. The area has not yet been drill tested.

Future work on the Joutel Eagle property will consist of drill program planning on the South Gold zone with spring surface work (mapping, geochemical sampling and trenching) proposed for the Gagne zone and surrounding areas along with potential follow-up drilling.

Globex Mining Enterprises Inc. option agreement

On Nov. 30, 2021, Orford announced that it had entered into an option agreement to acquire the 50-square-kilometre Joutel Eagle property in the historical Joutel camp within the Abitibi region of Quebec from Globex.

Orford announces that it issued today 2.5 million common shares at a deemed price of five cents per common share as the share portion of the second-year anniversary payment of the definitive agreement with Globex. The issuance remains subject to TSX Venture Exchange final approval. The total second-year anniversary payment is $250,000 split one-half cash and one-half common shares. The cash portion has already been paid to Globex.

Stock option grant

Orford has granted a total of 4.15 million stock options to management, directors and consultants pursuant to its stock option plan. The options, which are exercisable at five cents per common share, will vest over three years and expire 10 years from the date of grant.

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.

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 National Instrument 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.

We seek Safe Harbor.