Orla Mining Announces Results of the Updated Feasibility Study and Approves Start of Construction Spending for the South Railroad Project

Strong Results Deliver NPV_5% of US$783 million at US$3,100 Gold
Confirming Orla's Next Building Block

VANCOUVER, BC , Jan. 14, 2026 /CNW/ - Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) ("Orla" or the "Company") is pleased to provide an update for its South Railroad Gold Project ("South Railroad" or the "Project"). This update presents the results of the optimized Feasibility Study (the "FS" or "Study") and confirms the Board of Directors' approval to begin spending for detailed engineering, procurement, and project execution. The Board has also approved the start of project construction, subject to receipt of all required permits. South Railroad is located in Nevada, USA, and forms a part of the Company's larger South Carlin Complex ("South Carlin") land package on the prolific Carlin Trend.