Ms. Nuria Menendez reports

ORVANA SUBSIDIARY IN BOLIVIA REPORTS Q1 FY2024 FINANCIAL RESULTS

Orvana Minerals Corp.'s subsidiary, Empresa Minera Paitii S.A. (EMIPA), has filed its unaudited financial statements for the first quarter of the fiscal year 2024 (Q1 FY2024). In September, 2023, the Autoridad de Supervision del Sistema Financiero (ASFI), Bolivia's financial regulator, approved and registered EMIPA as an eligible bond issuer on the Bolivian stock market. As a registered bond issuer on the Bolivian stock market, EMIPA is required to file its quarterly financial statements with ASFI. The purpose of registering EMIPA as an eligible bond issuer is to provide the subsidiary with the ability to raise funds from the sale of bonds in Bolivia to finance its proposed oxides stockpile project. As of the date hereof, EMIPA continues to seek financing for its oxides stockpile project. There can be no assurance that EMIPA's efforts will result in adequate financing for the oxides stockpile project. The company will provide updates on the status of EMIPA's oxides stockpile project as material information develops from time to time, and will provide updates on EMIPA's financing efforts when further information becomes available.

The company holds a 100-per-cent interest in EMIPA.

Orvana's consolidated Q1 FY2024 financial highlights will be released with the first quarter financials, expected mid-February, 2024

About Orvana Minerals Cop.

Orvana is a multimine gold-copper-silver company. Orvana's assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, currently in care and maintenance, and the Taguas property located in Argentina. Additional information is available at Orvana's website.

We seek Safe Harbor.