Orvana Minerals Corp.
TSX : ORV

Orvana Minerals Corp.

October 11, 2005 16:30 ET

Orvana Announces Bolivian Management Transition

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2005) - Orvana Minerals Corp. ("Orvana" or the "Company") (TSX:ORV) announced today that the management services agreement that existed between the Company's wholly owned subsidiary, Empresa Minera Paititi S.A. ("Paititi") and Compania Minera del Sur S. A. ("Comsur") terminated as was previously disclosed and anticipated on September 30, 2005.

Paititi has now completed the move of its office from La Paz to Santa Cruz and the office is fully staffed to assume the functions Comsur was providing. As a result of the termination of the management services agreement and the additional staffing at Paititi and Orvana, Jorge Szasz, Vice President Finance and Chief Financial Officer and Carlos Mirabel, Vice President Operations and Chief Operating Officer have resigned their management positions. Jorge Szasz remains a member of the Board of the Company.

T. Sean Harvey, President and CEO of Orvana said; "I would like to thank Carlos and Jorge for their hard work and dedication to Paititi and Orvana. They made a significant contribution to the success Orvana has enjoyed to date."

About Orvana

Orvana Minerals Corp. is a Canadian gold mining and exploration company based in Toronto, Ontario, involved in the evaluation, development and mining of precious metal deposits in the Americas. The Company owns the Don Mario gold mine in eastern Bolivia. Orvana's long-term goal is to become a low cost, multi-mine gold producer in the Americas. Orvana's shares have been listed on the Toronto Stock Exchange since 1992 under the trading symbol ORV.

Forward-Looking Statements

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the precious metals market and economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances.

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