Orvana Announces Results of Annual Shareholders’ Meeting
1
For Immediate Release TSX:ORV
February 8, 2017 #03-2017
Orvana Announces Results of Annual Shareholders’ Meeting
Toronto, Ontario, February 8, 2017 - Orvana Minerals Corp. (TSX:ORV) (the
“Company” or “Orvana”) announced today that, at its annual shareholders’ meeting held
on February 8, 2017, each of the five incumbent directors as well as one additional
director proposed for election by the Company were elected as directors of the Company.
The report on proxies provided by the Company’s transfer agent indicated the following:
George Darling received 73,199,806 votes (repr esenting 100.00% of votes cast); Alan
Edwards received 73,207,114 votes (representi ng 99.97% of votes cast); James Gilbert
received 73,197,114 votes (representing 99.96% of votes cast); Ed Guimaraes received
73,195,614 votes (representing 99.96% of votes cast); Sara Magner received 73,209,614
votes (representing 99.98% of votes ca st); and Gordon Pridham received 73,197,614
votes (representing 99.96% of votes cast).
Mr. James Gilbert, Chief Executive Officer of Orvana, was re-appointed as chairman of the
board of directors immediately after the Meeting.
Mr. George Darling was nom inated for election by the Company at Orvana’s annual
shareholders’ meeting. Mr. Darling, P.Eng ., has over 30 years of experience in mine
operations and engineering. He has held senior positions at a variety of international
mining consulting companies. Mr. Darling is currently a Senior Mine Consultant and
Regional Director at Hatch, a mining business and technical consulting company.
“Mr. Darling is an excellent addition to the board of directors, ” said Mr. Gilbert. “George’s
extensive background in underground mining operations, mine development and project
management will make a valuable contribution to maximizing the value of the Company’s
assets.”
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).
2
For further information please contact:
Jeff Hillis
Chief Financial Officer
T (416) 369-6275
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, usi ng 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 m ine 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, oper ating costs and capital expenditures; mineral resource and
reserve estimates; statements and information regarding future feasibility studies and their re sults; future 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 dat e of such statements, are 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 disrupt ions, power disruptions, damage to equipment or otherwise;
permitting, development, operations, expansion and acquisitions at El Valle and Don Mario being consistent with the
Company’s current expectations ; political developm ents in any jurisdiction in wh ich the Company operates being
consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies
being approximately consistent with curr ent levels; production and cost of s ales 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 coul d cause 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 includ e 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 licenses; the Company’s ability to use cyanide in its
mining operations; risks generally associ ated with mineral exploration and devel opment, including the Company’s ability
to continue to operate the El Valle and/or Don Mario and/or ability to resume long-term oper ations 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 dev elopments or changes in political, social or economic conditions in the
countries in which the Company oper ates; general economic conditions worl dwide; 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 statement s and reference should 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 ov erview of management’s expectations with respect to
certain future activities of the Company and may not be appropriate for other purposes.
3
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, projecti ons, 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 ma y not be appropriate for other
purposes.