Orvana Announces Results of Annual and Special Shareholders’ Meeting
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For Immediate Release TSX:ORV
February 14, 2018 #04-2018
Orvana Announces Results of Annual and Special Shareholders’ Meeting
Toronto, Ontario, February 14, 2018 - Orvana Minerals Corp. (TSX:ORV) (the
“Company” or “Orvana”) announced today that, at its annual and special shareholders’
meeting (the “ Meeting”) held on February 14, 2018, the individuals noted below were
elected as directors of the Company. The report on proxies provided by the Company’s
transfer agent indicated the following:
George Darling received 72,937,116 votes (r epresenting 97.47% of votes cast); Alan
Edwards received 72,761,516 votes (representing 97.23% of votes cast); Alfredo Garcia
Gonzalez received 72,801,116 votes (representi ng 97.29% of votes cast); Ed Guimaraes
received 72,791,116 votes (representing 97.27% of votes cast); Sara Magner received
72,790,116 votes (representing 97.27% of vo tes cast); and Gordon Pridham received
72,933,116 votes (representing 97.46% of votes cast).
Mr. Gordon Pridham was re-appointed as chai rman of the board of di rectors immediately
after the Meeting.
The Company received 72,646,799 votes (repres enting 97.08% of votes cast) to approve
its 2018 Stock Option Plan. The Company also reports the re-appointment of
PricewaterhouseCoopers LLP as the Company's independent auditor.
For full voting details please see Orvana's voting results as filed on SEDAR at
www.sedar.com.
About Orvana
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).
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For further information please contact:
Binh Vu
General Counsel
T (416) 369-6272
Cautionary Statements - Forward-Looking Information
Certain statements in this info rmation constitute forward-looking statemen ts or forward-looking information within the
meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projec tions, objectives, assumptions, potentials, future events or
performance (often, but not always, using words or phrases such as “believes”, “expects”, “plans”, “estimates” or “intends”
or stating that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “are projected to” be taken or
achieved) are not statements of historical fact, but are forward-looking statements.
The forward-looking statements herein relate to, among other things, Orvana’s ability to achieve improvement in free cash
flow; the potential to extend the mine life of El Valle and Don Mario beyond their current life-of-mine estimates; Orvana’s
ability to optimize its assets to deliver shareholder value; the Company’s ability to optimize productivity at Don Mario and
El Valle; estimates of future production, operating costs and capital expenditures; mineral resource and reserve estimates;
statements and information regarding future feasibility studies and their results; fu ture transactions; future metal prices;
the ability to achieve additional growth and geographic diversification; future financial performance, including the ability to
increase cash flow and profits; future financing requirements; and mine development plans.
Forward-looking statements are necessa rily based upon a number of estimates and assumptions that, while considered
reasonable by the Company as of the date of such statements, ar e inherently subject to significant business, economic
and competitive uncertainties and conti ngencies. The estimates and assumptions of the Company contained or
incorporated by reference in this information, which may prov e to be incorrect, include, but are not limited to, the various
assumptions set forth herein and in Orvana’s most recently filed Management’s Discussion & Analysis and Annual
Information Form in respect of the Company’s most recently completed fiscal year (the “Company Disclosures”) or as
otherwise expressly incorporated herein by reference as well as: there being no significant disruptions affecting operations,
whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting,
development, operations, expansion and acquisitions at El Va lle and Don Mario being consistent with the Company’s
current expectations; political developments in any jurisdict ion in which the Company operates being consistent with its
current expectations; certain price assu mptions for gold, copper and silver; prices for key supplies being approximately
consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the Company’s
current mineral reserve and mineral resource estimates; and labour and materials costs increasing on a basis consistent
with Orvana’s current expectations.
A variety of inherent risks, uncertainties and factors, many of which are beyon d the Company’s cont rol, affect the
operations, performance and results of the Company and its business, and could caus e actual events or results to differ
materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of
these risks, uncertainties and factors include fluctuations in the pric e of gold, silver and cop per; the need to recalculate
estimates of resources based on actual production experience; t he failure to achieve production estimates; variations in
the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability to
obtain and maintain all necessary regulatory approvals and lic enses; the Company’s ability to use cyanide in its mining
operations; risks generally associated with mineral exp loration and development, including the Company’s ability to
continue to operate the El Valle and/or Don Mario and/or ability to resume l ong-term operations at Carlés Mine; the
Company’s ability to acquire and develop mineral properties and to successfully integr ate such acquisitions; the
Company’s ability to execute on its strategy; the Company’s ability to obtain financing when required on terms that are
acceptable to the Company; challenges to the Company’s interests in its property and mineral rights; current, pending and
proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in
which the Company operates; general economic conditions worldwide; and the risks identified in the Company’s
Disclosures under the heading “Risks and Uncertainties”. This list is not exhaustive of the factors that may affect any of
the Company’s forward-looking statements and reference shou ld also be made to the Company’s Disclosures for a
description of additional risk factors.
Any forward-looking statements made in this information with respect to the anticipated development and exploration of
the Company’s mineral projects are intended to provide an overview of management’s expectations with respect to certain
future activities of the Company and may not be appropriate for other purposes.
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Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and,
except as required by law, the Comp any does not undertake any obligation to update forward-looking statements should
assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put
undue reliance on forward-looking statements.
The forward-looking statements made in this informati on are intended to provide an overview of management’s
expectations with respect to certain future operating activi ties of the Company and may not be appropriate for other
purposes.