Amalgamation of Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp.

Orvana Minerals Corp. (TSX:ORV) and Orvana Minerals Asturias Corp. today announced that Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp., each wholly-owned subsidiaries of Orvana Minerals Corp., were amalgamated effective October 1, 2009 to form Orvana Minerals Asturias Corp.

Following Orvana's acquisition of all of the issued and outstanding common shares of Kinbauri by way of a compulsory acquisition pursuant to the provisions of the Canada Business Corporations Act, Kinbauri's common shares were delisted from the TSX Venture Exchange, effective at the close of business on September 25, 2009, and application was made to the relevant provincial securities commissions for Orvana Minerals Asturias Corp. to cease to be a reporting issuer.

About Orvana

Orvana is a well-established mine operator with an experienced management team that has collectively brought a number of underground mines into production.

Forward Looking Disclaimer

Certain statements contained in this press release concerning objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates are forward-looking statements. The words "believe", "expect", "intend", "may", "anticipate", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events. While Orvana Minerals Corp. and Orvana Minerals Asturias Corp. consider these expectations, assumptions and projections to be reasonable based on information currently available, they may be proven to be incorrect. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

SOURCE: Orvana Minerals Corp.

Orvana Minerals Corp.
Malcolm King
(416) 369-1629

Related terms: acquisition, business, mining, securities