Orvana Minerals Corp. announced that it has completed an 82-hole, 13,000-metre drill program and received assays for the first 23 holes at its Copperwood Project in Michigan. The objectives of the drill program were to delineate the known mineralization, further validate historical drill data, and provide information sufficient to estimate a resource that meets the standards of National Instrument 43-101-Standards of Disclosure for Mineral Projects ('NI 43-101'). The 2009 drill program intersected stratigraphy that was more favourable than expected, and the program therefore was expanded to include 28% more drill holes and 30% more metres of drilling than the 10,000-metre program originally planned. Expectations were based on historical exploration. Drilling was laid out to establish a nominal 150-metre grid over an area of approximately 1,300 metres by 1,700 metres. The majority of the first 23 holes for which assay results are available were located along the eastern and southern sectors of the known copper mineralization and better delineated the eastern edge of mineralization where the main host rocks are thinner and lower grade. Several of these initial holes confirmed the higher copper grades hosted by the thicker mineralized units in the main part of the deposit. The total thickness of main mineralized units from all 23 holes ranges from 1.9 to 3.3 metres. The interval-weighted copper grades range from 0.96% to 2.97% and the silver grades range from 0.9g/t to 12.0g/t. Copper grades encountered in the hanging-wall rock, which if added to the main mineralized section equates to an approximate 10% dilution, would incrementally increase the total contained copper. Total depths and total thicknesses are reported. The mineralized units dip approximately 7-11degrees north and deviations of certain drill holes are as much as 81 degrees, but generally in a southerly direction, i.e., perpendicular to dip. GL/RM-Gray Laminated/Red Massive units. CW-09-54 was drilled 3.4 metres west and 3.7 metres south of legacy hole MW-57-62 in order to validate more of the historical data. Copper grades are slightly higher in the recently-drilled hole, but consistent with the legacy hole as seen in the table below. As many as 23 of the legacy holes have been located and four of them twinned. The logs and assay data from the legacy holes are in the Company's possession. Core from six of the legacy holes was recovered, resampled, and re-assayed and these results verified the historic assays.

Orvana Minerals Corp. announced the appointment of Mr. James Gilbert to the Board of Directors. Mr. Gilbert succeeds Mr. James Komadina, who has resigned from the Orvana Board. Mr. Gilbert is the President and Chief Executive Officer of Minera S.A. Prior to joining Minera S.A. in August, 2009, Mr. Gilbert was Chief Investment Officer for Gerald Metals Inc.

Orvana Minerals Corp. announced Unaudited consolidated financial results for the third quarter and nine months ended June 30, 2009. For the quarter, revenues decreased by 35% to $11.9 million compared to $18.2 million for the third quarter of fiscal 2008, with lower tonnes of gold sold contributing to most of the decline which was slightly offset by higher average gold prices realized. Production declined to 12,760 ounces from 20,877 ounces a year ago and cash costs increased to $450.81 per ounce during the quarter compared to $249.38 per ounce for the same period last year. Net income was $3.2 million or $0.03 per basic and diluted share compared to $7.1 million or $0.06 per basic and diluted share for the third quarter of fiscal 2008, with most of the decline resulting from the lower revenues. Cash provided by operating activities amounted to $4.2 million this quarter compared to $11.8 million for the same period last year. For the nine months, the company reported a net income of $11.8 million or $0.10 per basic and diluted share on the revenue of $42.3 million against net income of $21.1 million or $0.18 per basic and diluted diluted share on the revenue of $53.4 million for the same period a year ago. Cash provided by operating activities was $13.3 million against $33.7 million for the same period a year ago.