ORVANA REPORTS Q2 FY2026 EXPLORATION RESULTS IN SPAIN

• Orvana Minerals Corp. reported Q2 FY2026 exploration results for its Orovalle project in Spain on April 27, 2026.
• Infill and brownfield drilling at El Valle-Boinás (Area 208) confirmed continuity of oxide-hosted gold mineralization, which remains open to the east.
• Lidia greenfield drilling program completed for the fiscal year; results indicate target remains open to the southwest.
• Total meters drilled in Q2 FY2026: 3,725 metres across El Valle-Boinás and Lidia projects.
• Significant intercepts reported include DDH 26A22021 with 6.00 m @ 6.78 g/t Au and DDH 26A22020 with 2.00 m @ 19.55 g/t Au and 0.30% Cu.
• Black Skarn Target drilling completed (1,050 metres) to assess deeper skarn levels.

• The exploration results are consistent with previous guidance and operational expectations for the Orovalle asset.
• Confirmation of mineralization continuity supports mine life extension but does not represent a new resource discovery or material change in valuation.
• This news follows the Q2 FY2026 production release (April 16, 2026) which confirmed operations are on track to meet guidance and Don Mario restart progress.
• The Trafigura financing deal (November 2025) remains the primary value driver; this exploration update is incremental support for the Spain cash-flow engine.
• No material negative surprises regarding grade or recovery rates were noted in the release.

• Orvana Minerals Corp. operates producing mines in Spain (Orovalle) and Bolivia (Don Mario/EMIPA), plus exploration projects in Argentina (Taguas).
• Flagship Project: Orovalle (Spain) is the current cash-flow generator, producing gold, copper, and silver. Don Mario (Bolivia) is the growth catalyst undergoing expansion to process oxide stockpiles.
• Development Status: Spain operations are active; Bolivia plant restart initiated with first doré bar produced in March 2026; Argentina Taguas project in deep drilling phase testing porphyry potential.