Mr. Juan Gavidia reports

ORVANA ANNOUNCES FIRST GOLD-SILVER DORE BAR FROM ITS OXIDES STOCKPILE PROJECT IN BOLIVIA

Orvana Minerals Corp.'s Bolivian subsidiary, Empresa Minera Paititi S.A. (EMIPA), has successfully produced its first dore bar from the processing of oxides stockpiled at its Don Mario site.

"The first dore bar from EMIPA's oxides confirms that the metallurgical performance of the expanded Don Mario plant is in line with design and engineering assumptions. We remain focused on safely increasing throughput, and optimizing plant performance as operations ramp up," said Juan Gavidia, chief executive officer of Orvana.

Oxides stockpile project (OSP)

The Don Mario operation, located in the Don Mario district in southeastern Bolivia, is owned and operated by EMIPA, Orvana's Bolivian subsidiary. Mining and milling operations at Orvana's Don Mario operations were temporarily suspended in the first quarter of fiscal 2020 following depletion of mineral reserves at that time.

The company is now completing the OSP to process oxide material that was stockpiled during previous years of mining at Don Mario. The project includes a large expansion for copper cathodes production enablement, and an upgrade of the ADR section of the legacy gold-silver circuit of the Don Mario processing Plant.

Next operational milestones

EMIPA's focus remains on the safe and disciplined ramp-up of operations at the expanded Don Mario processing plant. Key priorities include increasing processing throughput, optimizing metallurgical performance and progressing toward full commercial production of gold-silver dore, and copper cathodes, while maintaining rigorous cost control.

Production levels during fiscal 2026 will depend on the progress of ramp-up activities, plant performance and the successful stabilization of all operating circuits. The company will provide updates on ramp-up progress and key operational developments in due course.

Qualified person

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

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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