OLA Orla Mining Ltd

Olympic Resources (TSX VENTURE:OLA) and YES Exploration Syndicate announce
results of the work program conducted in September and October of 2011 (the
"Program") on the 3,931 hectare MAX Property (the "Property"), situated on the
northern rim of the Carmacks Caldera, a newly discovered 60km x 100km volcanic
related subsidence structure formed in the late Cretaceous period and visible in
Landsat images. The central part of the caldera is a low-lying unglaciated area
of the Yukon Plateau.


The Property is situated approximately 10 km west of the high grade Mt. Nansen
gold-silver mine (556,500 tonnes grading 11.93 g/t gold and 211 g/t silver).
Whitehorse, the regional center for supplies and personnel, is located 198 km
southwest of the Property.


The principal targets on the Property are epithermal gold-silver and/or porphyry
copper-gold deposits. Historic work conducted by Kerr Addison Mines Ltd. from
1984 - 1987 identified VLF-EM structures and quartz stringers in altered
rhyolite porphyry with rock samples returning less than 0.005 to 1.65 ppm gold. 


2011 Program Highlights



--  853 geochemical soil samples concentrated in the southern and western
    sections and covering approximately 40% of the Property; 
--  3 rock samples, along with approximately 2 km of prospecting and
    reconnaissance geological traverses on the Property; 
--  Gold values in soils ranged from less than 0.005 to 0.069 ppm and silver
    ranged from less than 0.1 to 4.7 ppm. Seven soil gold values, ranging
    from 0.05 to 0.069 ppm, are in the 99th percentile. (All soil results
    from YES Yukon work programs carried out in 2011 were statistically
    analysed. Values in the 99th percentile represent the top 1% of all soil
    results (returned). 
--  The Property has similar lithological similarities to the nearby Mt.
    Nansen gold deposits; and 
--  Significant gold in soil values, which are concentrated in the southern
    portion of the Property, are closely associated with silver and arsenic
    values.



Additional work for the property is planned for the 2012 exploration season. The
objective of the recommended work programs is to outline potentially economic
gold mineralization on the Property.


The recommended programs have been divided into Phase 1 and Phase 2 work. Phase
1 work consists of continued soil sampling, geological mapping, and a
geophysical ground magnetic survey. The estimated cost is $510,000.


Phase 2 work is contingent upon Phase 1 work identifying suitable targets. Work
would include, trenching, shallow drilling, a geophysical IP survey, and diamond
drilling to test targets at depth. The estimated cost is $1,160,000.


Edward D. Harrington, B.Sc (Geology) and P.Geo supervised the work program for
2011 on the Property and has read and approved the technical content in this
news release. A full copy of the technical report as required by NI 43-101 can
be found on the Company's profile on www.sedar.com.


Caution concerning forward-looking information 

This press release contains "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities laws. This information
and statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact,
constitute forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently identified by words
such as "may", "will", "should", "anticipate", "plan", "expect", "believe",
"estimate", "intend" and similar terminology, and reflect assumptions,
estimates, opinions and analysis made by management of Olympic in light of its
experience, current conditions, expectations of future developments and other
factors which it believes to be reasonable and relevant. Forward-looking
information and statements involve known and unknown risks and uncertainties
that may cause Olympic's actual results, performance and achievements to differ
materially from those expressed or implied by the forward-looking information
and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are
not limited to the availability of financing; fluctuations in commodity prices;
changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and
other risks; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and
available at www.sedar.com. Olympic disclaims any obligation to update or revise
any forward-looking information or statements except as may be required by law.

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