ORVANA PROVIDES TAGUAS EXPLORATION UPDATE

ATTENDING THE PDAC 2026 CONVENTION IN TORONTO, MARCH 1-4, EXHIBITION ON BOOTH #2243

TSX:ORV,OTC:ORVMF
#06-2026

Orvana Minerals Corp. (TSX: ORV,OTC:ORVMF) (the “Company” or “Orvana”) is pleased to report discovery updates from Taguas, Argentina and announces that it will be exhibiting at the 2026 Prospectors and Developers Association of Canada (PDAC) International Conference, being held in Toronto from March 1 to 4, 2026 at the Metro Toronto Convention Centre.

PDAC 2026

Orvana cordially invites shareholders, investors, brokers, analysts and interested parties to learn more about its operations and growth prospects through brownfield and greenfield exploration programs by visiting booth #2243 in PDAC’s Investors Exchange area.

The PDAC International Convention, Trade Show & Investors Exchange is the world’s leading conference for people, companies and organizations engaged in or related to mineral exploration. For more information about the conference, please visit: https://pdac.ca/convention-2026

The corporate presentation, which provides an overview of our operations and properties, is available at: https://www.orvana.com/English/investors/presentations/default.aspx

TAGUAS PROJECT – FIRST DEEP DRILLING PROGRAM

The first borehole has reached a depth of 650 meters of the planned 1,500 meters. Drilling has, as expected, traversed the upper part of the epithermal system, consisting of several bands of polymictic hydrothermal breccias locally cut by quartz-pyrite enargite veinlets. The last meters drilled show sericitic changes.

Drilling commenced in January 2026 as part of an initial program of approximately 4,500 meters using a single rig, with completion expected in April 2026, depending on drilling conditions and logistics. The current hole targets the core of a low-resistivity anomaly, identified by a recent geophysical survey (see Figure 1; for more details, see the company’s press release dated January 28, 2026), located between Cerro Taguas Norte and Cerro Campamento.

The program is designed to evaluate for the first time the potential deep porphyry copper-gold system on the Taguas property. Deep drilling will test zones that exhibit geological and geophysical features commonly associated with copper-gold porphyry systems.

Drilling results from the program are expected to be released as they become available, subject to analysis and verification.

Quality control

The scientific and technical information contained in this press release has been reviewed and approved by Raúl Álvarez Cifuentes, EurGeol, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Álvarez Cifuentes is a non-independent qualified person within the meaning of NI 43-101, as he is an employee of the company.

ABOUT ORVANA – Orvana is a gold-copper-silver company that operates several mines. Orvana’s assets consist of the Orovalle producing facility in northern Spain, the Don Mario operation in Bolivia and the Taguas site in Argentina. Additional information is available on Orvana’s website (www.orvana.com).

Cautionary Statements – Forward-Looking Information

Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking information in this press release includes, without limitation, statements regarding: the expected timing and scope of drilling at the Taguas Project, and the results of current and future drilling programs.

Forward-looking statements are not statements of historical fact and are generally identified by words such as “believes,” “expects,” “plans,” “estimates,” “plans,” “anticipates,” “predicts,” “projects,” “may,” “could,” “would,” “could” or “will” or similar expressions.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions underlying the forward-looking statements in this press release include, without limitation: (i) timely completion of planned maintenance, commissioning and start-up activities; (ii) no material disruptions to operations due to labor, supply chain, power, equipment damage or other events; (iii) permitting, development, operating and expansion activities at Taguas are progressing in accordance with the Company’s current expectations; (iv) the political, regulatory and social conditions in the jurisdictions in which the Company operates remain broadly consistent with the Company’s current expectations; (v) commodity prices and input costs (including labor, energy and key supplies) remaining within ranges consistent with the Company’s current expectations; (vi) the accuracy of the Company’s current estimates of mineral reserves and resources; and (vii) the availability of necessary funds to implement the Company’s plans.

A variety of risks, uncertainties and factors, many of which are beyond the Company’s control, could cause actual results to differ materially from those expressed or implied by any forward-looking statements. These risks, uncertainties and factors include, among others: delays or difficulties in obtaining or maintaining necessary permits and authorizations (including environmental and residue-related authorizations); the impact of global economic and geopolitical conditions; fluctuations in the price of gold, silver and copper; variations in ore grades, metallurgical recovery and throughput; failure to meet production estimates or guidelines; increases in operating costs (including energy, energy and environmental compliance costs); availability of qualified personnel; risks generally associated with mineral exploration and development; the Company’s ability to successfully execute exploration and development plans in Taguas; the company’s ability to obtain financing on acceptable terms when necessary; challenges to the Company’s ownership interests and mineral rights; and legislative, regulatory, political, social and economic developments in the countries in which the company operates. Additional risks are described in the Company’s most recent Management’s Discussion and Analysis and Annual Information Form, available under the Company’s profile at www.sedarplus.ca.

Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions, and except as required by law, the Company undertakes no obligation to update any forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

Orvana Minerals Corp. logo (CNW Group/Orvana Minerals Corp.)