Mr. Jason Simpson or Orla reports

ORLA RECEIVES COURT APPROVAL FOR BUSINESS COMBINATION WITH EQUINOX GOLD

The Supreme Court of British Columbia has granted the final order in connection with Orla Mining Ltd.'s previously announced business combination with Equinox Gold Corp. pursuant to a court-approved plan of arrangement, whereby Equinox Gold will, among other things, acquire all of the issued and outstanding common shares of Orla. Pursuant to the arrangement, holders of common shares of Orla will receive 1.00 common share of Equinox Gold and 0.01 cent in cash for each Orla common share held.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the arrangement is expected to close on or about July 31, 2026. Following closing of the arrangement, the Orla shares are expected to be delisted from the Toronto Stock Exchange and the NYSE American Stock Exchange. Following the delisting, it is anticipated that Orla will apply to cease to be a reporting issuer under applicable Canadian securities laws and will terminate its registration under Section 12(b) of the U.S. Securities Exchange Act of 1934, as amended.

For a more detailed description of the arrangement, please refer to Orla's management information circular dated June 19, 2026, available on SEDAR+ and EDGAR under the company's profile and on Orla's website.

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 which contains 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 and on SEDAR+ and EDGAR under the company's profile.

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