Ms. Nuria Menendez reports
ORVANA PROVIDES UPDATE ON TRANSPORT AND LOGISTICS DISRUPTIONS IN BOLIVIA AND IMPACT ON THE DON MARIO OXIDE STOCKPILE PROJECT
Orvana Minerals Corp. is issuing this news release to update shareholders and the market on continuing transport and logistics disruptions in Bolivia and their impact on the company's oxide stockpile project at its Don Mario operation, operated through its controlled subsidiary Empresa Minera Paitiiti SA.
Bolivia is currently experiencing significant civil unrest, including nationwide strikes and road blockades, which are disrupting the movement of goods and personnel across the country. These conditions are materially impacting logistics and supply chains nationwide.
The situation remains fluid and unresolved as of the date of this news release. The company is monitoring developments on a continuous basis.
Impact on the oxide stockpile project
As previously reported in its management's discussion and analysis for the three and six months ended march 31, 2026, dated May 12, 2026, EMIPA completed the verification phase of the Don Mario plant's gold-silver circuit during the quarter ended March 31, 2026, producing 959 gold ounces and 1,079 silver ounces of dore from the processing of legacy sulphide ore. Following completion of the Au-Ag testing phase, EMIPA advanced the commissioning and integration of the copper leaching, solvent extraction and electrowinning circuits, with the expanded plant undergoing final testing and operational readiness verification.
The commencement of oxide ore processing at Don Mario is being directly impacted by constraints on the supply of required materials, driven by continuing supply chain and logistical disruptions.
EMIPA continues to take all available steps to advance the OSP, including evaluating alternative and in-country sourcing options where feasible. Personnel safety and security at the Don Mario site remain a priority, and the company continues to monitor conditions closely.
Outlook
The company will provide further updates as the situation in Bolivia evolves and as the impact on EMIPA's operations becomes clearer.
As a result of the previously described conditions, the commencement of oxide ore processing will be delayed beyond the previously communicated timeline. The company is not in a position to provide a revised start-up date at this time. Orvana will update the market when sufficient clarity becomes available.
The company will reassess EMIPA's guidance once greater visibility is available regarding the duration and operational impact of the current disruptions.
Orvana's primary focus at this time remains the safety of its personnel at Don Mario, together with continued engagement with Bolivian authorities on operational matters.
About Orvana Minerals Corp.
Orvana is a multimine gold-copper-silver company. Orvana's assets consist of the producing Orovalle operation in northern Spain, the Don Mario operation in Bolivia and the Taguas property located in Argentina.
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