Mr. Paul Olmsted reports

ORVANA ANNOUNCES FULL PLACEMENT OF US$24.98 MILLION EMIPA BONDS II ON OPENING DAY OF TRADING IN BOLIVIA

On Sept. 1, 2025, Orvana Minerals Corp.'s Bolivian subsidiary, Empresa Minera Paititi S.A. (EMIPA), successfully completed the full placement of its second bond issuance in Bolivia. The net proceeds of the EMIPA Bonds II issuance will be allocated to the oxides stockpile project (the OSP). The closing of the EMIPA Bonds II issuance follows Orvana's Aug. 29, 2025, announcement that EMIPA had received regulatory approval for the $24.98-million (U.S.) issuance.

The bonds have been offered exclusively by EMIPA through the Bolivian Stock Exchange. Orvana has not offered any securities under this financing initiative and has not received any proceeds from the EMIPA Bonds II issuance.

Juan Gavidia, chief executive officer of Orvana Minerals, stated: "We are very pleased to announce that the entire bond issuance was successfully placed on its first day of trading. The full placement on opening day reflects market confidence in the Don Mario oxides stockpile project and reinforces our objective to move ahead with the construction process, with the goal of restarting production at Don Mario in early 2026."

Background

On Aug. 27, 2025, EMIPA received the regulatory approval of the $24.98-million (U.S.) EMIPA Bonds II issuance and subsequently announced its intention to launch the offering on a best-efforts basis through the Bolivian Stock Exchange.

EMIPA Bonds II issuance -- highlights

Additional funding will be required to fully finance the development of the OSP. The ability to secure such funding is subject to a variety of factors, including market conditions, regulatory approvals and operational performance. A more detailed discussion of the risks associated with Orvana's operations in Bolivia, including permitting, political and regulatory considerations, and financing requirements, can be found in the company's most recent annual information form and management's discussion and analysis, available on SEDAR+. These filings should be reviewed in conjunction with this news release for a comprehensive understanding of the company's Bolivian operations and related risk factors.

About Orvana Minerals Corp.

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 and the Taguas property located in Argentina.

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