Orvana Exhibits at 2020 PDAC
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Date: February 28, 2020 #02-2020
Orvana Exhibits at 2020 PDAC Toronto, Canada
Toronto, Ontario, February 28, 2020 - Orvana Minerals Corp. (TSX:ORV) (the “Company” or “Orvana”)
is pleased to announce that it will be exhibiting at the 2020 Prospectors and Developers Association of Canada
(PDAC) International Conference being held in Toronto at the Metro Toronto Convention Centre from March 1
to 4, 2020.
Orvana cordially invites shareholders, investors, brokers, analysts, and interested parties, to learn more about
its operations and growth perspectives via brownfield and greenfield exploration programs, by visiting booth
#2243 in the Investors Exchange area of PDAC.
Orvana’s Chief Executive Officer, Mr. Juan Gavidia, will also be presenting at 4:00 p.m. on Monday, March 2,
2020 at the Gold Development Session to be held at Level 800 of the Convention Centre, South Building, Room
801A. The presentation will focus on the Company’s investment highlights, strategic highlights and exploration
& business development initiatives.
ABOUT ORVANA Orvana is a multi -mine gold-copper-silver company. Orvana’s assets consist of the
producing El Valle and Carlés gold -copper-silver mines in northern Spain , and the Don Mario gold -silver
property in Bolivia, currently in care and maintenance. Additional information is available a t Orvana’s website
(www.orvana.com).
ABOUT PDAC
The PDAC International Convention, Trade Show & Investors Exchange is the world’s leading convention for
people, companies and organizations in, or connected with, mineral exploration. For more information about
the conference, visit: http://pdac.ca/convention
For further information about the Company, please contact:
Nuria Menéndez
Chief Financial Officer
Joanne Jobin
Investor Relations Officer
T: 647 964 0292
Cautionary Statements - Forward-Looking Information
Certain statements made herein 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”, “intends” or “anticipates” 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 including specifically, but not limited to in the
case of Don Mario, the processing of the mineral stockpiles and the reprocessing of the tailings mate rial; 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 est imates; statements and information regarding future feasibility
studies and their results; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification;
future financial performance, including the abilit y to increase cash flow and profits; future financing requirements; and mine development
plans.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the
Company as of the date of s uch statements, are inherently subject to significant business, economic and competitive uncertainties and
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contingencies. The estimates and assumptions of the Company contained or incorporated by reference in this news release, whic h may
prove to be incorr ect, 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 yea r (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 otherw ise;
permitting, development, operations, expansion and acquisitions at El Valle and Don Mario being consistent with the Company’s c urrent
expectations; political developments in any jurisdiction in which the Company operates being consistent with its current exp ectations;
certain price assumptions 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 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 fluctuations in
the price of gold, silver and copper; 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 cy anide in its
mining operations; risks generally associated wit h mineral exploration and development, including the Company’s ability to continue to
operate the El Valle and/or Don Mario and/or ability to resume long-term operations at the Carlés Mine; the Company’s ability to successfully
implement a sulphidization c ircuit and ancillary facilities to process the current 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 i ts 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. This list is not exhaustive of the factors that may affect any of the Company ’s forward-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.