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VANCOUVER, BRITISH COLUMBIA June 27, 2016 – Orla Mining Ltd. (“Orla Mining” or the 

“Company”) (TSXV: OLA) announces a non-brokered private placement financing of up to 

12,000,000 units (the “Units”) at a price of $0.50 per Unit for gross proceeds of up to C$6,000,000. Each Unit consists of one common share of the Company (“Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant will entitle the holder to purchase one Share at an exercise price of C$0.62 for a period of five years from the date of issuance. The Company intends to use the net proceeds to further asset review and evaluation opportunities, and for general working capital purposes. The Shares, Warrants and Shares underlying the Warrants will be subject to a four month and one day statutory hold period.

The private placement is scheduled to close on or about July 15, 2016 and is subject to certain conditions  including,  but  not  limited  to,  the  receipt  of  all  necessary  regulatory  and  other approvals including the approval of the TSX Venture Exchange. The Company anticipates that there may be insider participation in the private placement. 

The  securities to be issued under the  private  placement have  not  been,  and  will not  be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable  state  securities  requirements  or  pursuant  to  exemptions  therefrom.  This  news release does not constitute an offer to sell or a solicitation of an offer to buy any of Orla Mining’s securities in the United States.

On behalf of the Board of Directors,

Tory Fierro

About Orla Mining

Orla Mining is a closely held mineral exploration company led by a group of seasoned mining executives. The Company’s focus will be to acquire mineral exploration opportunities where the Company’s exploration and development expertise and corporate share structure could substantially enhance shareholder value.

For further information, please contact:

Marc Prefontaine
Tel: 604 681-8030 ext. 225 

For Investor Relations Inquiries please contact us at  This email address is being protected from spambots. You need JavaScript enabled to view it.

Cautionary Note Regarding Forward-Looking Statements

This  news  release  contains  certain  “forward-looking  statements”  within  the  meaning  of  Canadian  securities legislation, including, without limitation, statements with respect to the expected use of proceeds and the Company’s objectives and strategies. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified  by  the  words  “expects”,  “plans”,  “anticipates”,  “believes”,  “intends”,  “estimates”,  “projects”,  “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release, including without limitation, assumptions with respect to the gross proceeds expected to be raised and the Company using the proceeds as currently contemplated. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the closing of the financing and risks associated with executing the Company’s objectives and strategies, including costs and expenses. Except as required by the securities disclosure laws and regulations applicable to the Company, the  Company  undertakes  no  obligation  to  update  these  forward-looking  statements  if  management’s  beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in  the  policies  of  the  TSX  Venture  Exchange)  accepts  responsibility  for  the  adequacy  or accuracy of this news release.