VANCOUVER, British Columbia, January, 29 2018 — Orla Mining Ltd. (TSX-V:OLA) (the “Company” or “Orla”) announced today that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. (the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought deal basis, 14,560,000 units (the “Units”) of the Company at a price of C$1.75 per Unit (the “Offering Price”) for aggregate gross proceeds to the Company of C$25,480,000 (the “Offering”).