Orvana Announces Results of Annual Shareholders’ Meeting
1
Date: February 28, 2023 #03-2023
Orvana Announces Results of Annual Shareholders’ Meeting
Toronto, Ontario, February 28, 2023 - Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”)
announced today that, at its annual shareholders’ meeting (the “ Meeting”) held on February 28, 2023, 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:
Michael Davies received 73,884,532 votes (representing 99.83% of votes cast); Alfredo Garcia Gonzalez
received 73,883,892 votes (representing 99.83% of votes cast); Robert Metcalfe received 73,884,532 votes
(representing 99.83% of votes cast); and Michael Mutchler received 73,884,392 votes (representing 99.83% of
votes cast).
Following the Meeting, Mr. Robert Metcalfe was appointed as chairman of the board of directors ; Mr. Juan
Gavidia was re- appointed Chief Executive Officer; Ms. Nuria Menendez was re- appointed Chief Financial
Officer; and Mr. Binh Vu was re-appointed Corporate Secretary/VP Legal Affairs, for the ensuing year.
The Company received 78, 468,495 votes (representing 99. 92% of votes cast) to re -appoint
PricewaterhouseCoopers LLP as the Company's independent auditor for the ensuing year and to authorize the
directors to fix the auditor’s remuneration.
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- copper-silver company. Orvana’s assets cons ist of the
producing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in
Bolivia, currently in care and maintenance, and the Taguas property located in Argentina. Additional information
is available at Orvana’s website (www.orvana.com).
For further information please contact:
Nuria Menéndez
Chief Financial Officer
Cautionary Statements - Forward-Looking Information
Certain statements in this presentation constitute forward- looking statements 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, projections, 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 for ward-looking
statements.
A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance
and results of the Company and its business, and could 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 include: the potential
impact of the COVID -19 on the Company’s business and operations, including: our ability to continue operations; our ability to manage
challenges presented by COVID-19; the accounting treatment of COVID-19 related matters; Orvana’s ability to prevent and/or mitigate the
impact of COVID-19 and other infectious diseases at or near our mines; our ability to support the sustainability of our business including
through the development of crisis management plans, increasing stock levels for key supplies, monitoring of guidance from the medical
community, and engagement with local communities and authorities; fluctuations in the price of gold, silver and copper; the need to
recalculate estimates of resources bas ed on actual production experience; the 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 associated
with mineral exploration and development, including the Company’s ability to continue to operate the El Valle and/or ability to resume long-
term operations at the Carlés Mine; the Company’s ability to successfully implement a sulphidization circuit and ancillary facilities to process
the current oxides stockpiles at Don Mario; the Company’s ability to successfully carry out development plans at Taguas; sufficient funding
to carry out development plans at Taguas and to process the oxides stockpiles at Don Mario; the Company’s ability to acquire and develop
mineral properties and to successfully integrate 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
2
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; the challenges presented by COVID -19;
fluctuating operational costs such as, but not lim ited to, power supply costs; current and future environmental matters; and the risks
identified in the Company’s disclosures. This list is not exhaustive of the factors that may affect any of the Company’s forw ard-looking
statements and reference should also be made to the Company’s Disclosures for a description of additional risk factors.
Any forward-looking statements made herein 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. Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and
opinions and, except as required by law, the Company 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 information are intended to provide an overview of
management’s expectations with respect to certain future operating activities of the Company and may not be appropriate for other
purposes.