Orvana Surpasses 2013 Production Results

TORONTO, ON - Orvana Minerals Corp. reported positive production results for the fourth quarter ended September 30, 2013 and fiscal year 2013. Overall production for the Company for FY2013 was 80,541 ounces of gold, an increase of 7% from FY2013 guidance and 44% from FY2012 production. In addition, Orvana produced approximately 17.3 million pounds of copper and 1,018,000 ounces of silver.

Production at the EVBC Mines in Spain for Q4 2013 was 17,891 ounces of gold, 1.88 million pounds of copper and 54,188 ounces of silver. FY2013 production at EVBC was 65,992 ounces of gold, over 6.66 million pounds of copper and 197,768 ounces of silver.

With strong mining and processing performance, EVBC achieved record production numbers in the second half of FY2013. In response to the hoisting accident in June, increased production at the CarlÄs Mine and ramp haulage for the Boinçs ore exceeded expectations in Q4. Mill throughput hit an all time high average of 2250 DMT/d in August, demonstrating the capacity of the plant to operate at least 10% above nominal capacity for a prolonged period of time when there is adequate stockpiled feed ahead of the primary crushing plant. The EVBC team responded extremely well to the challenges of mining without a hoisting system at Boinas Mine.

Production at the UMZ Mine in Bolivia for Q4 2013 was 4,427 ounces of gold, approximately 2.63 million pounds of copper and 235,195 ounces of silver. FY2013 production at UMZ was 14,549 ounces of gold, over 10.6 million pounds of copper and 820,043 ounces of silver.

At the end of Q3 2013, the Company moved to the steady, sulphide flotation process only at UMZ, after terminating the more costly LPF campaigns. Throughput increased by 6% to 206,000 tones in Q4 2013 compared to the earlier three quarters. Stripping of waste and oxides was accelerated throughout 2013 to access more transition and sulphide ore that has better recoveries with this flotation circuit. In September, a 10-day campaign of oxides processing using a special reagent addition was trialed. A second campaign will be initiated in November, with the intent being of future oxides processing of stockpiled material. The Company is installing a gravity gold circuit in Q1 2014, which is expected to increase gold recovery from the current average of about 45% to up to 65%. This will contribute to increased gold production at UMZ in 2014.

"We are very pleased to have met our production guidance for FY2013" said Michael Winship Interim President and CEO. "Our operational focus has been merited and we look forward to further increased production success in FY2014. Cost savings measures have been also tackled in the second half of 2013 and announcements in this regard will be made in conjunction with the release of the year end financials."

FY2014 production guidance is 80,000 to 93,000 ounces gold, 18 to 20 million pounds copper and 875,000 to 950,000 ounces silver from the EVBC Mines and the UMZ Mine.