Freeport Resources

Orvana Minerals Announces Resignation of CEO and Appointment of Interim CEO

TORONTO, Jan. 31, 2018 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") announces that the board of directors (the "Board") has accepted the resignation of Mr. James Gilbert as Chairman and Chief Executive Officer as well as a director of Orvana. Mr. Gilbert has decided to pursue other opportunities. Effective immediately, the Board has appointed Mr. Juan Gavidia as the Interim Chief Executive Officer and Mr. Gordon Pridham, currently Lead Director, has agreed to serve as the Chair.

Mr. Pridham said, "Orvana appreciates the valuable contributions that Mr. Gilbert has made to Orvana and we wish him well in his next endeavors. Furthermore, the Board and I look forward to working with Juan and thank him for taking this new role on while we engage in a process for a new CEO."

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).

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