Toronto, Ontario – May 4, 2021 – Orefinders Resources Inc. ("Orefinders" or the "Company") (ORX: TSXV) is pleased to announce that it has closed the private placement portion of the transaction announced with Kirkland Lake Gold Inc. ("KL Gold") in the Company’s news release of April 21, 2021.

Private Placement Financing

Orefinders issued KL Gold 24.4M common shares at $0.10 per share for gross proceeds of C$2,440,000.  There were no finders fees paid in connection to this financing.

About Orefinders Resources Inc.

Orefinders is a Gold exploration and development company focused exclusively within the Abitibi Greenstone Belt. The Company is listed on the Toronto Venture Exchange under the symbol ORX.

For the latest updates, please contact or follow us on Twitter @OrefindersR

To Speak to the Company directly, please contact:

Stephen Stewart, Chief Executive Officer

Phone:  416.644.1567

Email:  sstewart@orefinders.ca  

www.orefinders.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Orefinders assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Orefinders. Additional information identifying risks and uncertainties is contained in filings by Orefinders with Canadian securities regulators, which filings are available under Orefinders' profile at www.sedar.com.