Mr. Juan Gavidia reports

ORVANA REPORTS Q3 FY2026 PRODUCTION RESULTS AND PROVIDES UPDATE ON OXIDES STOCKPILE PROJECT AT DON MARIO, BOLIVIA

Orvana Minerals Corp. has released production results for the third quarter of fiscal year 2026, ended June, 2026 (fiscal Q3 2026), and has provided an update on the Oxides Stockpile project at its Don Mario operation in Bolivia.

"This is a pivotal moment for Orvana," said Juan Gavidia, chief executive officer of Orvana. "Following the completion of all preparations for oxide ore processing at EMIPA, we expect to begin ramping up production in Bolivia in the coming days. Achieving continuous production from both our Bolivia and Spain operations marks an important milestone for the company and is expected to position Orvana to deliver increased value to our shareholders in the years ahead," he added.

Highlights:

• Consolidated production of 10,833 of gold-equivalent ounces (GEO) during fiscal Q3, comprising 9,656 gold ounces, 0.64 million pounds of copper and 19,487 silver ounces.
• Logistics disruptions in Bolivia during fiscal Q3 resulted in a delay to the originally anticipated start-up schedule for the OSP. Consequently, EMIPA did not record any production during the third quarter, and Orovalle, the company's operation in Spain, was the sole producing asset during fiscal Q3.
• During July, 2026, the company completed all preparations required to commence oxide ore processing in Bolivia, including the receipt of all necessary supplies and the final preparation of the processing circuits. With all circuits operational and supplies in place, the company expects to begin feeding oxide ore into the plant in the coming days.

Orovalle:

• Orovalle is on track to meet fiscal 2026 production guidance, based on results to date and current operating assumptions.
• The mill processed approximately 131,244 dry tonnes during fiscal Q3, in line with the prior quarter.
• A total of 9,656 gold ounces produced in fiscal Q3, 14 per cent higher than the previous quarter due to 13 per cent higher head grade and 1 per cent higher tonnes milled.
• Six hundred thousand copper pounds produced in fiscal Q3, 17 per cent lower than the previous quarter due to 7-per-cent lower grade and 11-per-cent lower recoveries, slightly offset by 1-per-cent higher tonnes milled.
• Quarter-over-quarter grade movements reflect changes in oxide and skarn proportions associated with ore extraction and blending sequencing.

EMIPA:

• The company expects to provide a revised guidance for EMIPA's operations in its management's discussion and analysis for the quarter ended June 30, 2026, which is expected to be released in mid-August, 2026.

Qualified person

The scientific and technical information in this news release related to the company's Orovalle operation has been reviewed and approved by Guadalupe Collar Menendez, chief of geology of Orovalle Minerals S.L., a qualified person as defined under National Instrument 43-101 and an employee of Orovalle Minerals, a subsidiary of Orvana, and is not independent of the company.

The scientific and technical information in this news release related to the company's EMIPA operation has been reviewed and approved by Luis Isla, chief of geology of Empresa Minera Paititi S.A. (EMIPA), a qualified person as defined under National Instrument 43-101 and an employee of EMIPA, a subsidiary of Orvana, and is not independent of the company.

Consolidated operational and financial performance

Fiscal Q3 consolidated operational and financial highlights will be released with the third quarter financials, expected mid-August, 2026.

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.

We seek Safe Harbor.