Orla Mining Ltd. — Regulatory Filings 2021

Mar 20, 2021

FORM 13-502F1 CLASS 1 AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

==> picture [516 x 549] intentionally omitted <==

----- Start of picture text -----

MANAGEMENT CERTIFICATION
I, Etienne Morin , an officer of the reporting issuer noted below have examined this Form 13-502F1 (the
Form ) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge,
having exercised reasonable diligence, the information provided in the Form is complete and accurate.
"Etienne Morin" March 19, 2021
Name: Etienne Morin Date
Title: Chief Financial Officer
Reporting Issuer Name: ORLA MINING LTD.
End date of previous financial year: December 31, 2020
Type of Reporting Issuer: Class 1 reporting issuer
Highest Trading Marketplace: TSX
(refer to the definition of “highest trading
marketplace” under OSC Rule 13-502 Fees )
Market value of listed or quoted equity securities:
(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees )
Equity Symbol OLA
1 [st] Specified Trading Period (dd/mm/yy)
(refer to the definition of “specified trading period” under OSC
Rule 13-502 Fees ) 01/01/2020 to 31/03/2020
Closing price of the security in the class or series
on the last trading day of the specified trading
period in which such security was listed or quoted
on the highest trading marketplace $2.00 (i)
Number of securities in the class or series of such
security outstanding at the end of the last trading
day of the specified trading period 187,475,383 (ii)
Market value of class or series (i) x (ii) $374,950,766.00 (A)
2 [nd] Specified Trading Period (dd/mm/yy)
(refer to the definition of “specified trading period” under
OSC Rule 13-502 Fees ) 01/04/2020 to 30/06/2020
----- End of picture text -----

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace $3.82 (iii)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period

Market value of class or series

226,028,883 (iv) (iii) x (iv) $863,430,333.06 (B)

3[rd] Specified Trading Period (dd/mm/yy)

(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees )

01/07/2020 to 30/09/2020

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace

on the highest trading marketplace $5.23 (v) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 228,966,384 (vi) Market value of class or series (v) x (vi) $1,197,494,188.32 (C) 4[th] Specified Trading Period (dd/mm/yy) (refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) 01/10/2020 to 31/12/2020 Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace $6.86 (vii) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period 229,285,940 (viii) Market value of class or series (vii) x (viii) $1,572,901,548.40 (D) 5[th] Specified Trading Period (dd/mm/yy) (if applicable - refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) N/A to Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace $ (ix) Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period (x) Market value of class or series (ix) x (x) $ (E)

$1,002,194,208.95 (1)

Average Market Value of Class or Series

(Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above))

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees , if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

(See paragraph 2.8(1)(b) , and if applicable, paragraph 2.8(1)(c) of OSC Rule 13-502 Fees )

==> picture [206 x 11] intentionally omitted <==

(Provide details of how value was determined)

Capitalization for the previous financial year

(1) + (2) $1,002,194,208.95

Participation Fee

$59,350.00

(For Class 1 reporting issuers, from Appendix A of OSC Rule 13-502 Fees , select the participation fee)

(For Class 3B reporting issuers, from Appendix A.1 of OSC Rule 13-502 Fees , select the participation fee)

Late Fee , if applicable

(As determined under section 2.7 of OSC Rule 13502 Fees )

$-

Total Fee Payable

(Participation Fee plus Late Fee)

$59,350.00