Orvana Achieves 35% Increase in Gold Production for Fiscal 2017 - 90,292 Gold Ounces Produced

"We set out in fiscal 2017 with aggressive plans to substantially increase gold production at both operations," stated Jim Gilbert , Chairman and CEO.  "We are very pleased to have met our overall operational objectives in fiscal 2017.  The investments made at both operations resulted in an aggregate increase in Orvana's annual gold production of over 35% compared to fiscal 2016.  Looking forward, we expect this positive trend to continue during fiscal 2018.  At El Valle, the key objective is to achieve and sustain significant grade improvement by mining a larger proportion of high gold grade oxide zones.  At Don Mario, production will transition to the Cerro Felix deposit which is the first phase of the anticipated three-year mine life extension."

Orvana is a multi-mine gold and copper producer. Orvana's operating assets consist of the producing gold-copper-silver El Valle and Carlés mines in northern Spain and the producing gold-copper-silver Don Mario mine in Bolivia . Additional information is available at Orvana's website (www.orvana.com).

Jeff Hillis , Chief Financial Officer, T (416) 369-6281, E jhillis@orvana.com