Mr. David Christie reports

ORFORD IDENTIFIES ADDITIONAL LCT PEGMATITE EXPLORATION TARGETS

Orford Mining Corp. has identified 12 new exploration targets for lithium-, cesium- and tantalum-bearing pegmatites (LCT pegmatites) on its Nunavik lithium properties based on newly reported glacial till geochemistry results. These results also generated two potential exploration targets within the properties for gold. Till sampling as a geochemical targeting tool has been successful in generating successful exploration targets and making discoveries in the Nunavik region of Northern Quebec and globally.

Highlights:

• Results from the 2023 till sampling program have confirmed the prospectivity of the area with the identification of 12 new target areas that are anomalous in lithium, cesium and tantalum on the Nunavik lithium properties, which are 100 per cent owned by Orford and have never previously been explored for economic minerals, including lithium.
• Till prospectivity mapping, along with anomalous grab samples, has also highlighted the potential for gold on both the kWatt and Wire properties with two exploration target areas identified.
• Survey lines were planned in areas known to host strong positive lithium lake-bottom sediment anomalies and associated pathfinder elements for LCT pegmatites based on previous regional government surveys. A total of 550 widely spaced till samples were collected for the purpose of detecting anomalies typical of LCT pegmatites on the Radiant, kWatt and Wire properties. These anomalies may reflect LCT pegmatites covered by glacial till deposits that would therefore not be exposed at surface.
• Follow-up of the results will be a high priority for the 2024 field mapping and prospecting program.

David Christie, president and chief executive officer of Orford, commented: "Orford's lithium exploration efforts in Nunavik are in their infancy but have already yielded very promising results. The target areas recently identified by the glacial till samples, together with the previously reported LCT pegmatite discoveries, will drive exploration efforts in the upcoming 2024 field season on our Nunavik lithium properties. The new gold-in-till anomalies on the kWatt property are also significant targets in this unexplored terrain and will be part of the 2024 exploration program."

Radiant

A total of 146 glacial till samples were collected (100 metres by 1.5 kilometres) over the western half of the Radiant property (approximately 50 square kilometres). Of these samples, 11 were anomalous in lithium and indicated enrichment in cesium and tantalum (see attached table). The results have delineated five new prospective target areas, some of which are proximal to known enriched pegmatites that were discovered during the 2023 field program.

kWatt

A total of 352 glacial till samples were collected in the northern part of kWatt. Sites were sampled every 80 metres at 800-metre-line spacing covering approximately 35 square kilometres of the property. Initial results identified 15 samples with elevated values in lithium, cesium and tantalum (see attached table) with six new prospective target areas outlined that are locally spatially associated with enriched pegmatites.

Wire

A total of 52 glacial till samples were collected on the Wire property. Of these samples, one sample was anomalous in lithium (see attached table). The survey has identified one new prospective target area.

Gold

The glacial till results indicate gold prospectivity at kWatt, with samples returning significant values (for example, 0.18 gram per tonne gold and 0.2 gram per tonne gold) that are spatially associated with a larger, lower-grade, multisample anomalies, including a subcrop grab sample of quartz vein in metasediment that returned 0.7 gram per tonne gold. Till geochemistry specifically for gold has been very successful in the region based on Orford's previous work on its camp-scale Qiqavik gold property and has led to several discoveries across the Qiqavik belt. The magnitude of the gold values obtained in till on Kwatt and Wire are in the 99.5th percentile of Orford's regional till database of 5,650 till samples that have been analyzed for gold. The location of the higher-grade till samples on kWatt appears to be coincident with a regional north-northwest-trending structure previously identified by government mapping. Orford's next field season will aim to map and prospect all newly generated gold targets.

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 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 National Instrument 43-101. The technical information presented in this release was obtained from historical work reports filed with the Quebec Ministry of Energy and Natural Resources and has not been independently verified by a qualified person as defined by NI 43-101.

Sample shipments were sealed and shipped to Agat Laboratories in Val d'Or, Que. All assays reported for till samples were obtained by standard fire assay method with an atomic absorption spectrometry finish on a nominal 30-gram sample weight for the gold analysis (method 202-051) and by standard four-acid digestion method with an ICP-OES/ICP-MS finish for the multielement analysis (method 201-071) at Agat Laboratories in Mississauga, Ont. Standards were inserted at a minimum rate of 3 per cent for till samples for quality assurance/quality control 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. Nine grab samples were selected during the lithium exploration program to be analyzed for gold by standard fire assay method with an atomic absorption spectrometry finish on a nominal 30-gram sample weight (method 202-051). No internal standards were inserted for grab samples. Agat Laboratories are accredited by the Standards Council of Canada and found to comply with the requirements of ISO/IEC 17025:201.

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