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ORS.V ·

Orestone Completes Drilling at Captain GOLD-Copper Porphyry Target

Exploration Programs

TSX-V: ORS – OTC: ORESF

News Release

TSX-V: ORS

2022-02

February 17, 2022

For further information contact: David Hottman at 604-629-1929 ⧫ [email protected]

407 – 325 Howe Street, Vancouver, BC V6C 1Z7, Canada ⧫ Phone: 604-629-1929 ⧫ Fax: 604-629-1930 ⧫ www.orestone.ca

ORESTONE COMPLETES DRILLING AT CAPTAIN

GOLD-COPPER PORPHYRY TARGET

Orestone Mining Corp. (TSX Venture Exchange Symbol: ORS) (Frankfurt: WKN: O2R1) is pleased to announce

that further to its news release of Jan 24, 2022, the Phase I drill program has been completed on the Captain gold-copper

project near Fort St James, North Central British Columbia. The program consisted of one NQ size diamond core drill

hole to a total depth of 774 meters. A total of 89 samples have been shipped to Activation Laboratories Ltd. (Actlabs) in

Kamloops, BC for analysis with results anticipated in six to eight weeks.

Additional information will be released as it becomes available.

The 100 percent owned Captain gold-copper project encompasses 37 square kilometres and hosts a large porphyry system

located 41 kilometres north of Fort St. James and 3 0 kilometres south of the Mt. Milligan copper -gold mine in North

Central British Columbia. The Captain Project is in relatively flat terrain, with moderate tree cover and an extensive

network of logging and Forest Service roads suitable for exploration year around. To stay informed of the latest corporate

activities please click here to provide consent and receive news and updates. For more information , please visit

Orestone’s website at www.orestone.ca

Quality assurance/quality control procedures

Orestone Mining has implemented a rigorous quality assurance/quality control program to ensure best practices in work

programs by the company and contractors including sampling and analysis of diamond drill core as well as geophysical

surveys and other work done on the property.

Gary Nordin, P.Geo, a D irector of the Company, is a qualified person as defined by National Instrument 43 -101. Mr.

Nordin has reviewed and approved the technical information in this press release.

ON BEHALF OF ORESTONE MINING CORP.

David Hottman

CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no

regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

This news release contains certain forward -looking statements, which relate to future events or future performance and reflect management ’s

current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made

by and information currently available to the Company. Readers are cautioned that these forward -looking statements are neither promises nor

guarantees, and are subject to risks and uncertainties that may cause future results to differ mat erially from those expected including, but not

limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration and devel opment activities,

environmental risks, future prices of copper, gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental

or regulatory approvals and permits, and other risks in the mining industry. In addition, there is uncertainty about the spre ad of the COVID -19

virus and the impact it w ill have on the Company’s operations, global supply chains and economic activity in general. All the forward -looking

statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure fili ngs available on

SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to

update or revise them to reflect new events or circumstances save as required by applicable law.