Press Releases

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December 9, 2004 Orvana Reports Earnings of US$7.8 Million or Seven Cents Per Share for Fiscal 2004

November 16, 2004 Orvana Announces October Production Results and Work Continues on the Upper Mineralized Zone

October 6, 2004 Orvana Announces Production Results for Fourth Quarter and Fiscal Year 2004

August 12, 2004 Orvana Increases Gold Production and Earns Two Cents per Share in Third Quarter 2004

June 12, 2004 Orvana Increases Gold Production in May and Announces Drilling Program for Upper Mineralized Zone

May 12, 2004 Orvana Reports Improved Net Income in Second Quarter 2004 and Increases Gold Production

March 8, 2004 Orvana Reports Increases in Head Grade and Gold Production for February

February 20, 2004 Orvana Reports Financial Results for First Quarter 2004 and Continues to Increase Production

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