ORLA MINING ANNOUNCES CLOSING OF C$75,030,000 BOUGHT DEAL FINANCING

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VANCOUVER, British Columbia, April 3, 2020 — Orla Mining Ltd. (TSX:OLA) (the “Company” or “Orla”) is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. (the “Underwriters”).  A total of 36,600,000 common shares (the “Common Shares”) of Orla were fully subscribed and sold at a price of C$2.05 per Common Share (the “Offering Price”), for aggregate gross proceeds to the Company of C$75,030,000 (the “Offering”).

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