Orla Mining Ltd. and Pershimco Resources Inc. announced that they have entered into a definitive arrangement agreement to combine their respective businesses, creating a new, growth-oriented gold company in the Americas. The new company ("NewCo"), which will continue to operate under the name "Orla Mining Ltd.", will focus on continued exploration and development of Pershimco's Cerro Quema project located in Panama, and will seek further growth opportunities in the Americas. Marc Prefontaine will lead NewCo as President and Chief Executive Officer.