Orla Mining Announces Completion of Acquisition of Camino Rojo Project From Goldcorp


VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 7, 2017) – Orla Mining Ltd. (TSX VENTURE:OLA) is pleased to announce that it has completed, pursuant to an asset purchase agreement dated June 20, 2017, as amended, with Goldcorp Inc., the previously announced acquisition of the Camino Rojo Project, a gold and silver oxide heap leach project containing 1.7 million ozs of gold reserves* located in Zacatecas State, Mexico, for consideration to Goldcorp consisting of 31.9 million common shares of Orla and a 2% net smelter royalty. All of the mineral reserves and resources estimates herein are historical estimates and Orla is not treating such estimates as current. In addition, Orla and Goldcorp have entered into an option agreement regarding the potential development of sulphide operations at Camino Rojo whereby Goldcorp will, subject to the applicable sulphide project meeting certain thresholds, have an option to acquire a 60% or 70% interest in the applicable sulphide project. The Camino Rojo Project contains a sulphide resource of 7.5 million ozs of Measured & Indicated gold along with significant silver, lead, and zinc*

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