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Orvana Announces Results of Annual Shareholders' Meeting, Directors' Appointments

TORONTO, ONTARIO -- (Marketwired) -- 02/27/14 -- Orvana Minerals Corp. (TSX: ORV) (the "Company" or "Orvana") reports the results following the annual general meeting of the shareholders of Orvana held on February 26, 2014 in Toronto.

The following nominees were elected as directors of Orvana:

Gordon J. Bogden
Ed Guimaraes, CPA, CA
Jacques McMullen
Robert Mitchell, CPA, CA
Audra Walsh, P.E.
C. John Wilson
Michael Winship, P.E.

Newly appointed to the Orvana Board are Mr. Gordon Bogden and Mr. Jacques McMullen.

Mr. Bogden is the Chairman of the Board of NexGen Energy Ltd. and a director of Avanti Mining Ltd., Camino Minerals Ltd., and Royal Gold Inc. Mr. Bogden is a retired senior executive, investment banker and geoscientist, with over 30 years' experience in the mining sector. He was Vice Chairman, Mining and Metals at Standard Chartered Bank, Managing Partner at Gryphon Partners and Vice Chairman and Head of the Mining Group, Corporate and Investment Banking at National Bank Financial Inc. Mr. Bogden holds a B.Sc. (Hons.) in Applied Science (Geology) from Queen's University, is a Professional Engineer (Ontario) and earned his professional certification as a Corporate Director from the Rotman School of Business at the University of Toronto.

Mr. McMullen serves as a Principal and non-executive director of BBA, a private Canadian engineering services company. He is also a non-executive director of Minera S.A. and previously served as a director of Fire River Gold Corp., IGE Resources AB and Highland Gold Mining Ltd. Prior to that Mr. McMullen held various positions with Barrick Gold, ultimately serving as a Senior Vice President. Mr. McMullen holds a B. Sc. In Applied Sciences (Metallurgy), is a Professional Engineer (P. Eng.) and completed a Master Degree of Applied Sciences in Mineral Processing from Laval University.

Mr. Jorge Szasz, did not stand for re-election to the Board of Directors and the Board and Management would like to thank him for his years of contributions and support.

"The appointments of Messrs. Bogden and McMullen to Orvana's Board of Directors will further strengthen our Board and we look forward to their contributions" said Michael Winship, President and Chief Executive Officer of the Company.

The Company also reports the re-appointment of PricewaterhouseCoopers LLP ("PWC") as the Company's independent auditor. PwC has been the auditor of the Company since September 2004.

For full voting details please see Orvana's Voting Results as filed on SEDAR at www.sedar.com.

About Orvana

Orvana Minerals is a multi-mine gold and copper producer. Orvana's primary operations are the El Valle-Boinas/Carles gold-copper mines in northern Spain. Orvana also owns and operates the gold-silver-copper Don Mario Mine in Bolivia. Additional information is available at Orvana's website (www.orvana.com).

Contacts:
Orvana Minerals Corp.
Michael Winship
President and Chief Executive Officer
(416) 369-1629

Orvana Minerals Corp.
Daniella Dimitrov
Chief Financial Officer
(416) 369-1629

Orvana Minerals Corp.
Natalie Frame
Investor Relations
(289) 200-7640
[email protected]
www.orvana.com

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