Orvana Reports Production Results For Spanish and Bolivian Operations

TORONTO, ON - Juan Gavidia, Orvana Minerals Corp. CEO stated, "At El Valle, quarterly production continues to consistently increase as a result of our successful strategy of deploying a higher oxide ore mix process in the mill, supported by the ongoing ramp-up of mechanical advance. Gold production at Don Mario was impacted by low grades in the upper level of Cerro Felix, higher gold grades are expected as mining moves to the lower levels of the pit".

Production Highlights – El Valle Mine: Gold production at El Valle underground operations was 16,845 ounces, an increase of 11% compared to 15,139 ounces of gold produced in Q2 2018; Copper production was 1.6 million pounds, compared to 1.4 million pounds in Q2 2018, an increase of 15%; Ore throughput in the mill was 169,958 dmt comprised of 39% oxide ore, an increase of 13%, compared to 150,966 dmt in Q2 2018; and Mechanical advance rates in the oxides mining zones increased by 24% compared to Q2 2018, yielding 1,919 meters of development in Q3 2018. The increased rates continue to position the mine to deliver the requisite oxide ore tonnage for the mill.

Production Highlights – Don Mario Mine: Gold production at the Don Mario open pit operations, was 9,916 ounces, an increase of 3% compared to 9,649 ounces in Q2 2018. Ore production was impacted by low grades in the upper level of Cerro Felix.  Higher grades are expected as the lower pit areas are mined in the next quarter; Gold grade of 1.90 g/t was 3% higher than 1.84 g/t in Q2 2018; and There was no copper production in Q3 2018 as the flotation circuit was shut down at the end of previous quarter.