Mr. Jason Simpson of Orla Mining reports

INDEPENDENT PROXY ADVISORY FIRMS RECOMMEND ORLA SHAREHOLDERS VOTE FOR THE ARRANGEMENT RESOLUTION IN CONNECTION WITH PROPOSED BUSINESS COMBINATION WITH EQUINOX GOLD

Independent proxy advisory firms, including Institutional Shareholder Services (ISS), have recommended that shareholders of Orla Mining Ltd. vote for the special resolution approving an arrangement pursuant to a court-approved plan of arrangement under Section 192 of the Canada Business Corporations Act, whereby Equinox Gold Corp. will acquire all of the issued and outstanding common shares of Orla in accordance with the arrangement agreement entered into by Orla and Equinox Gold dated May 12, 2026.

The board of directors of Orla also unanimously recommends that shareholders vote for the arrangement resolution.

"The merger appears to make strategic sense as the combined company is expected to benefit from a more diversified asset base, greater strategic optionality and enhanced long-term production potential," according to ISS.

"We are pleased that these leading independent proxy advisers have recognized the merits of our combination with Equinox Gold and the value-focused rationale supporting it. The board unanimously recommends that shareholders vote for the arrangement, and we encourage all shareholders to vote well in advance of the deadline of July 20, 2026, at 9 a.m. PT," stated Jason Simpson, president and chief executive officer of Orla Mining.

Special meeting of shareholders

The coming special meeting of shareholders will be held on July 22, 2026, at 9 a.m. Vancouver time at the offices of Cassels Brock & Blackwell LLP, Suite 3100, Park Place, 666 Burrard St., Vancouver, B.C., Canada, V6C 2X8. The meeting will be held in person.

Shareholders are encouraged to vote their Orla shares as soon as possible ahead of the proxy voting deadline on July 20, 2026, at 9 a.m. Vancouver time.

Shareholders may vote on-line, by telephone, or by any other method provided in the form of proxy or voting instructions, which have been included as part of the mailing. Shareholders who require voting assistance may contact Orla's proxy solicitation agent, Laurel Hill Advisory Group, at the contact information below. Additionally, Laurel Hill will reach out to shareholders to assist with voting and utilize Broadridge's Quickvote offering to take votes directly over the phone from eligible beneficial shareholders. Beneficial shareholders who have not received their voting instruction form with their unique control number may contact their broker and request this number to vote on-line or contact Laurel Hill.

Shareholder questions and voting assistance

Orla has retained Laurel Hill to assist with shareholder communications and proxy solicitation in connection with the meeting. Shareholders who have not received the notice of meeting, management information circular and related documents by mail or who have any questions about the arrangement, Equinox Gold, the meeting materials or the voting process should contact Laurel Hill.

North America toll-free:  1-877-452-7184

Outside North America:  1-416-304-0211

Text message:  text "INFO" to 416-304-0211 or 1-877-452-7184

E-mail:  assistance@laurelhill.com

About Orla Mining Ltd.

Orla's corporate strategy is to acquire, develop and operate mineral properties where the company's expertise can substantially increase stakeholder value. The company has three material projects, consisting of two operating mines and one development project, all 100 per cent owned by the company: (1) Camino Rojo, in Zacatecas state, Mexico, an operating gold and silver open-pit and heap-leach mine and the potential underground project (the property covers over 139,000 hectares containing a large oxide and sulphide mineral resource); (2) the Musselwhite mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced over six million ounces of gold, with a long history of resource growth and conversion; and (3) South Railroad (South Carlin complex), in Nevada, United States, a feasibility-stage, open-pit, heap-leach gold project located on the Carlin trend. The technical reports for the company's material projects are available on Orla's website as well as SEDAR+ and EDGAR under the company's profile.

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