Orla Mining Ltd. — Regulatory Filings 2021

Mar 20, 2021

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, Etienne Morin , an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form ) being submitted hereunder to the Alberta 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

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Equity Symbol

Equity Symbol OLA 1[st] Specified Trading Period (dd/mm/yy) 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) 01/04/2020 to 30/06/2020 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 $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 226,028,883 (iv) Market value of class or series (iii) x (iv) $863,430,333.06 (B)

01/07/2020 to 30/09/2020

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

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

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

4[th] Specified Trading Period (dd/mm/yy)

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

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

5[th] Specified Trading Period (dd/mm/yy)

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

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

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))

$5.23 (v) 228,966,384 (vi) (v) x (vi) $1,197,494,188.32 (C) 01/10/2020 to 31/12/2020 $6.86 (vii) 229,285,940 (viii) (vii) x (viii) $1,572,901,548.40 (D) N/A to $ (ix) (x) (ix) x (x) $ (E) $1,002,194,208.95 (1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:

$(2)

(Provide details of how value was determined)

(1) + (2)

$1,002,194,208.95

Capitalization for the previous financial year

Participation FeeLate Fee, if applicableTotal Fee Payable(Participation Fee plus Late Fee)	$28,000.00
	**$- **
	$28,000.00