ORVANA STRENGTHENS POSITION IN ITS TAGUAS PROPERTY IN ARGENTINA BY REACQUIRING 1% NSR INTEREST

Core Viewpoint - Orvana Minerals Corp. has entered into a definitive agreement to repurchase a 1% net smelter return royalty on the Taguas Property in Argentina, aiming to optimize long-term value and reposition the project towards a larger-scale copper-gold opportunity [1][2]. Financial Details - The purchase price for the 1% NSR is set at US $5.6 million, to be paid in installments through October 2028 [2][3]. - The payment schedule includes an initial payment of US $1 million within 5 days of signing, followed by subsequent payments of US $400,000 and US $1.4 million in the following years [3]. Strategic Rationale - The repurchase reduces future third-party royalty obligations from 2.5% to 1.5%, which is expected to enhance project cash flows and net present value [4][5]. - It provides flexibility for future partnerships, joint ventures, or project debt structures while retaining a direct financial interest in the project's potential advancement [4][5]. Exploration Plans - Orvana's exploration team is preparing for a geophysical survey and deep drilling program to assess the gold-copper porphyry potential of the Taguas Property [2][7]. - The next phase of exploration will include identifying potential targets at depths of up to 1,500 meters, with deep exploration drilling expected to commence in 2026 [7]. Related Party Transaction - The transaction is considered a related-party transaction due to common ownership by Minera S.A., which owns both Compañia Taguas and Fabulosa Mines Limited [8]. - Orvana is exempt from obtaining a formal valuation or minority shareholder approval as the consideration does not exceed 25% of the company's market capitalization [8]. Approval and Compliance - The transaction was reviewed and unanimously approved by Orvana's Board of Directors, with conditional acceptance from the Toronto Stock Exchange [9].