Orvana Production Guidance

Production operations at Orvana’s El Valle mine remain active, while operations at the company’s Don Mario mine continues its care and maintenance phase, while development and engineering of the oxides stockpile is being advanced. However, as a result of the fluid COVID-19 situation, Orvana has decided to suspend its 2020 guidance until it is in a better position to quantify the impact of certain factors, which includes, without limitation: (i) duration, severity and scope of the COVID-19 pandemic; (ii) the effect of the COVID-19 situation on the future availability of mining supply and services that support operations; (iii) the effect of the COVID-19 situation could have on the Company's future operations and financial condition; and (iv) the necessary government responses to limit the spread of COVID-19.