Just because two masterpieces of Rembrandt and Raphaël were sold for record prices, selling for 20 million pounds and 29 million pound.

TORONTO, ONTARIO–(Marketwire – Dec. 3, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Gleichen Resources Ltd. (TSX VENTURE:GRL) (“Gleichen” or the “Company”) announced today that it has been advised of the proposed sale by Goldcorp Inc. of its indirectly held 21.2% interest in the Morelos project in Mexico to Newstrike Capital Inc. Gleichen holds a 90 day right of first refusal to acquire the interest in the Morelos project being sold. Gleichen is assessing its alternatives in light of the agreement that Goldcorp has entered into and expects to make a determination regarding its exercise of the right of first refusal early in 2010.

Gleichen indirectly owns a 78.8% interest in the Morelos project. Gleichen is engaged in the acquisition, exploration, and development of mineral properties. The Company’s shares are traded on the TSX Venture Exchange under the symbol “GRL”.

ON BEHALF OF THE BOARD OF DIRECTORS OF GLEICHEN RESOURCES LTD.

Fred Stanford, President and CEO

traded 4.2 million shares on the ASX

big volume for them ..

also it looks like Fidelity Europe has taken a 5% stake or about 28 million shares..

could explain the crosses in canada?

ShopNBC has entered into an agreement with PNC Bank to establish a senior secured revolving credit facility, the home shopping network said Tuesday.

The credit facility has a three-year term and provides for up to a $20 million revolving line of credit to finance working capital investment and fund other company growth initiatives.

Borrowings under the credit facility may bear interest at either floating or fixed rates of interest based on the prime rate and LIBOR, respectively, plus variable margins.

Borrowings will be secured primarily by the company’s accounts receivable and inventory, and are subject to
customary financial and other covenants and conditions. At the time of closing, there were no borrowings against this new credit facility.

$1200 by the end of the week? Its strong rebound off 1137 tells me we are in a new phase of the gold cycle. The strength it showed in the face of the drop last week tells me we are now well and good in a gold bull market. Hold your gold shares for some spectacular returns we will not see again in our lifetimes!

My Pf is holding

GRL
NES.H
TML
CWS.H
OLE
LGD
TCC

stocks i do not hold but like are

DEC
UW
VHV
LVN

please feel free to post any stocks you hold that you think will have extraordinary returns in the next 2 to 5 years

caliche

The Los filos Project borders Gleichen to the south!!

If GRL can pull holes like this i will certainly have that Ferrari!

gold continues to reach for 1200 .. 1195 tonight!

Los Filos

Exploration drilling at Los Filos in 2009 focused on drilling the Bermejal extension to the south and on adding reserves in the 4P area. Assay results during the year demonstrate progress on both fronts, with 102.16 metres of 1.41 g/t gold and 99.25 metres of 1.40 g/t gold in the Bermejal south extension, as well an exceptional intercept of 84.27 metres true width at 14.91 g/t gold in the 4P area. The objective of further drilling at 4P is to develop an open-pit mine to be integrated into the existing Los Filos operations.

LOS FILOS DRILLING RESULTS
Approximate True
Drill hole Area From (m) To (m) width (m) Au (g/t)

EG39-09 4P 25.30 109.57 84.27 14.91
EG30-09 4P 92.57 107.74 15.17 5.25
EG46B-09 4P 71.45 172.45 101.00 0.97
BSG30-09 Bermejal 48.74 151.00 102.16 1.41
BSG28-09 Bermejal 126.30 171.45 45.15 1.83
BSG56-09 Bermejal 143.35 242.60 99.25 1.40

Two-Step Strategy to Making a Fortune in Gold

Everything is in place for gold. And as gold makes incrementally new highs and rebounds from the eventual and unexpected corrections, there will be more opportunity.
But at this stage in gold’s run, there’s a simple two step strategy to make a fortune in gold in the next few years.

Step 1) Make a plan to buy gold and gold stocks over the next three to five years

Step 2) Stick to the plan

That’s the beauty of getting in something relatively early. Gold has made a good run over the last eight years, but the biggest money will likely be made in the next eight years as a lot more money piles into the “utter nonsense” that is gold.

GRL is buying the morelos for 150 million FAN is worth about 200 million.. tucked between the two is NES.H Newstrike Capital.. it used to be aurea mining .. it is held by the lundin’s ..

TCC Tarsis Res has an adjacent property it has common directors as grl ..only 14 million shares

take a look .. it looks to be shaping up into a great area play..

you heard it here first..
__________________
caliche

About to skip off to work, which ought to be lovely and hectic today. Yay!forGradStampede.

Brainwave: You should be able to tag other wordpress members in these posts.

And moving on…So, maybe I’m the only one who is bothered by this, I don’t really know, but the other day I found this article:

http://washingtontimes.com/news/2009/oct/15/troop-funds-diverted-to-pet-projects/

The general outline of it is that almost $20 million has been moved away from supporting our national defense, and diverted into “pet projects”. While, “Air Force and Navy combat pilots training to deploy are getting about half of the flying hours they got at the end of the Vietnam War,” he wrote in his analysis. “Army tank crews get less in tank training today than they did during the low-readiness Clinton years”, the money that could be used to train them is instead going towards building a Kennedy Institute and a World War II Museum.

Today, I found another article.

http://www.google.com/hostednews/ap/article/ALeqM5gEfUAdYWG5Ysa7CDcGMLMuIZ2xdwD9BEJCEO4

It seems that despite our huge budget deficit, and need to fund our troops, the Obama family has been enjoying regular concerts.

As always, comments, critiques, fashion tips, book recommendations, and excellent dessert recipes are not only welcome, they are encouraged!

WOW .. these guys are getting sh!t done!!.. get a massive gold deal from teck, raise 200 million dollars and stack the board with some really amazing talent..i have never seen a better operation ..

WELL DONE !!!!

Gleichen warrant offering to raise $200-million (U.S.)
Ticker Symbol: C:GRL

Gleichen warrant offering to raise $200-million (U.S.)

Gleichen Resources Ltd (C:GRL)
Shares Issued 28,763,380
Last Close 10/14/2009 $1.39
Wednesday October 14 2009 – News Release

Mr. Michael Murphy reports

GLEICHEN ANNOUNCES US$200 MILLION FINANCING TO FUND ACQUISITION OF 78.8% OF MORELOS PROJECT

Gleichen Resources Ltd. has entered into an agreement to raise approximately $200-million (U.S.) in a fully marketed private placement of special warrants to finance its previously announced acquisition of 78.8 per cent of the Morelos project from Teck Resources Limited through the acquisition of Oroteck Mexico S.A. de C.V. from Teck subsidiaries Teck Metals Ltd. and Teck Exploration Ltd. for the purchase price of $150-million (U.S.) and a 4.9-per-cent stake in Gleichen. Oroteck owns 78.7966 per cent Series A shares in the capital of Minera Media Luna S.A. de C.V., the holder of the Morelos concessions. Gleichen has entered into an amending agreement dated Oct. 7, 2009, in connection with its acquisition of the Morelos project from Teck to extend the proposed closing date for the acquisition. A copy of the acquisition agreement and amending agreement are available on SEDAR.

Macquarie Capital Markets Canada Ltd. will act as bookrunner and lead agent and BMO Capital Markets and GMP Securities L.P. will act as co-lead agents in a syndicate of agents including Dundee Securities Corporation, Scotia Capital Inc. and Jones Gable & Company Limited in connection with the proposed offering. The terms and price of the special warrants will be determined in the context of the market and fixed on the day of execution of a definitive agency agreement.

The net proceeds from the offering are intended to be used for the acquisition of the Morelos Project, feasibility and development programs, and exploration at the Morelos Project, and for general working capital purposes.

Closing of the offering is anticipated to occur in the fourth quarter immediately prior to the acquisition of the Morelos Project. The closing of the offering is subject to entering into a definitive agency agreement and the satisfaction of certain conditions, including receipt of all necessary regulatory approvals, including from the TSX-V, and all other required approvals and consents. The Agents will receive a commission of 5.5 per cent of the gross proceeds raised in the offering in cash. The Agents will also receive compensation options equal to 1.0 per cent of that number of special warrants issued in connection with the offering.

Gleichen is pleased to announce that Fred Stanford has agreed to join the Company as director and incoming President & CEO upon the closing of the offering. Mr. Stanford is a highly qualified mining executive with nearly 30 years experience in the mining business. Mr. Stanford worked at Vale Inco (formerly Inco Limited) from 1981 to June 2009 holding senior management and executive positions including vice president of Business Services, Milling, Smelting and Refining and culminating as President of Vale Inco’s Ontario operations. Michael Murphy, Gleichen’s current President & CEO, will remain with Gleichen as a director.

Also at the time of the closing of the offering, Terry MacGibbon, Frank Davis, and Andrew Adams will be appointed to the Gleichen board of directors. Gleichen has called a special meeting of shareholders for November 26, 2009 to, in part, elect some of the new directors.

Terry MacGibbon is a registered professional geologist with over 35 years of international experience in the mining business. Mr. MacGibbon is the founder, Chairman and the CEO of FNX Mining Company Inc., a TSX-listed Canadian mining company that has emerged over the past five years from a junior exploration company into a mid-tier diversified Canadian mining company that produces nickel, copper, cobalt, platinum, palladium and gold from its mineral properties located in the Sudbury, ON, Canada mining camp. Mr. MacGibbon is a certified director, Institute of Corporate Directors, and has held directorships and senior executive positions in several TSX and TSX Venture public mining companies. Frank Davis is a partner of the law firm Fraser Milner Casgrain LLP, practicing principally in the areas of securities and capital markets, corporate finance, mergers and acquisitions and mining. He represents various public companies and investment banking firms in public and private offerings of equity and debt securities. He has acted as counsel to offerors, target companies and financial advisors in both hostile and negotiated merger and acquisition transactions and has been active in a variety of take-over bids, mergers, acquisitions, amalgamations, arrangements and divestitures. Mr. Davis holds a B.Comm., LLB and M.B.A., all from the University of Toronto, and is a director of several TSX and TSX.V companies. Andrew Adams obtained his Bachelor of Science Degree from Southampton University and qualified as a Chartered Accountant in the United Kingdom in 1981. He worked for the Anglo American group of companies for 12 years up to 1999, his final position being Vice President and Chief Financial officer of AngloGold North America based in Denver, Colorado. Mr. Adams worked for Aber Diamond Corporation as Vice President and Chief Financial officer from 1999 to 2003. Currently he serves as an independent non-executive director of Uranium One Inc.

I have been a faithful Rush Limbaugh radio show listener for almost 20 years. I have never heard Rush make one racist comment. As a matter of fact, I am a black man who has been inspired and encouraged by Rush on numerous occasions. Rush is part of a partnership bidding to purchase an NFL football team. I am highly offended watching the liberal media’s all out assault on this great American. In their efforts to block Rush from ownership of a team, the liberal media and the Left are attempting to brand Rush as a racist.

The media’s charges of racism against Rush are totally based on supposed “racist quotes” which cannot be documented and comments knowingly taken out of context from his radio show. As a member of Rush’s weekly 20 million listening audience, I take the assault on him personally. If Rush is a racist, then isn’t it logical to assume that we, his listeners, are equally guilty for tolerating his racism? Obviously, Rush’s accusers have never listened to his radio show or else have an agenda. It is truly disheartening and infuriating to witness the media’s frenzied character assassination of Rush built on falsehoods and hearsay without one shred of evidence. Knowing the truth about Rush, how can I possibly trust any reporting by the mainstream media?

Adding insult to injury, Rev. Al Sharpton, considered to be a respected spokesperson for the black community by the liberal media has weighed in with his opposition to Rush being allowed to own a team. Given Sharpton’s role in the Tawana Brawley scam, it is truly amazing that he is considered a credible representative of the black community… talk about Bizarro World. How dare this characterless con man pass judgment on Rush!

Beyond Rush, the larger issue is the tyrannous yoke political correctness has on our society and the swift punishment delivered with an iron fist by its enforcers, the liberal biased media. Rush’s true crime is boldly speaking the truth about several of the liberal media’s sacred cows, challenging their premises and opposing their far left agenda.

For example, the NAACP, a sacred cow of the Left, is without question a liberal partisan organization. Rush, a white guy, stated this truth out loud, thus violating rule number one on the media’s politically correct list of do’s and don’ts. “Whites under no circumstances are permitted to publicly criticize blacks.” Offenders are verbally flogged within an inch of their lives and branded with a virtual “R” on their forehead for racist.

The liberal media has no problem with throwing Rush’s 20 million listeners along with Rush under their “you’re a racist” bus. They are relentless in protecting their sacred cows and are willing to sacrifice and impugn all. Take their sacred cow ObamaCare, outrageously, the liberal media calls the over 50% of Americans who oppose it racists. When their married president Bill Clinton had sex with an intern, the liberal media told us that every man in America, fathers, clergy, coaches and whomever would behave as Clinton did if given the opportunity. To defend Clinton, the liberal media sacrificed the morals and character of all men. In essence proclaiming, “All men are dogs”.

Remember what the liberal media did to a young beauty pageant contestant who shyly gave a politically incorrect response when asked about gay marriage, another of their sacred cows? Miss California, Carrie Prejean was vilified.

While I stand beside my hero, Rush Limbaugh, as I stated earlier there is a much larger issue at stake extremely threatening to our freedom, liberty and culture. We cannot trust the mainstream media. We are at war; liberal media’s and the Left’s Political Correctness versus the Freedom and Free Speech of the America people. Our enemy’s mission is to silence all dissent. We serfs must worship their sacred cows or suffer the consequences.

The liberal media and the Left have been attempting to silence Rush and other conservatives for years. Make no mistake about it, their latest bogus “Rush is a racist” campaign is another stealth attack on our freedom of speech. It is extremely important that lovers of freedom rally around Rush Limbaugh. Silencing Rush would be a major victory in their quest to silence and control us all.

Lloyd Marcus, Black Unhyphenated American!

Source: Liverpool Echo

ALBERTO AQUILANI has taken a huge step towards making his Liverpool debut now he has started kicking a ball again for the first time in six months.

Rafa Benitez reported last week that his £20m midfielder was making good progress but erred on the side of caution as to when Aquilani might be seen in a Red shirt.

However, the Italian was given the green light to start doing some ball work again late last week and has continued to work on passing and shooting in the last couple of days.

There is a growing sense of anticipation amongst supporters about Aquilani, who was drafted in to fill the void left by Xabi Alonso’s move to Real Madrid.

But there is no chance of him launching his career in the cut and thrust of a potentially pivotal clash against Manchester United on Sunday week.

Benitez will be looking to ease Aquilani in gradually as the 25-year-old has not played a competitive game since Arsenal beat his old club Roma in the Champions League in March.

The reserves have a game against Sunderland at home next Wednesday but it could be that Benitez waits a further seven days before pushing him into the frame.

That would open up the prospect of Aquilani getting his first taste of English football in the Carling Cup fourth round clash at Arsenal on October 28.

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MDL in Toronto is still being accumulated with some larger trades and GMP buying over a million shares. Haywood also in for over 100K

some interesting crosses on OLE as well .. Research crossing 380k and 300K all at .90

this game is getting interesting.. some heavy hitters getting warmed up to slug it out in senegal!!

hold on to your shares this is going to be great!!

GMP bought another 4.5 million shares today .. they are up to about 39 million shares with toll cross right now.. someoene is accumulating MDL on the sly through the TSX!!!

Oromin drills four metres of 196.3 g/t gold at Epsilon
Ticker Symbol: C:OLE

Oromin drills four metres of 196.3 g/t gold at Epsilon

Oromin Explorations Ltd (2) (C:OLE)
Shares Issued 94,717,035
Last Close 10/6/2009 $0.81
Wednesday October 07 2009 – News Release

Mr. Chet Idziszek reports:

OROMIN EXPLORATIONS LTD.: EXPLORATION CONTINUES TO PROVIDE ENCOURAGING RESULTS FROM VARIOUS SABODALA PROPERTY DEPOSITS AND PROSPECTS

HIGHLIGHTS

TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:

483.7 g/t gold over 6 metres
DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER GRADE MINERALIZATION INCLUDING:

196.3 g/t gold over 4 metres near surface in DH-522
27.8 g/t gold over 3 metres near surface in DH-520
58.1 g/t gold over 1 metres in DH-524
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:

17.54 g/t gold over 10 metres in DH-539
SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:

8.26 g/t gold over 11 metres in DH-519
NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO 269.4 G/T GOLD

Oromin Explorations Ltd. (“Oromin”) (TSX:OLE)(OTCBB:OLEPF), on behalf of the Oromin Joint Venture Group (“OJVG”), is pleased to provide an exploration update for the ongoing exploration program at its Sabodala Gold Project in eastern Senegal, West Africa.

Oromin is also pleased to report that Ken Kuchling, P.Eng., has been appointed as Oromin’s Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the operations and consulting industries with numerous commodities including gold, diamonds, potash, copper and molybdenum. Mr. Kuchling has a well-rounded engineering background, consisting of direct involvement in pre-feasibility and feasibility studies, international due diligence reviews, project permitting, mine geology, geotechnical engineering, tailings engineering, mine design and equipment selection. He holds a Bachelor’s degree in mining engineering from McGill University, a Master’s degree in mining engineering from the University of British Columbia and is a Registered Professional Engineer in Canada. Mr. Kuchling will oversee the optimization work currently underway as Oromin continues its development of Sabodala.

Recent exploration activities include in-fill and step-out resource drilling at the Epsilon deposit, step-out resource drilling towards delineating underground potential at both Golouma West and Golouma South deposits, trenching at Kobokoto, soil geochemical sampling at various target areas and prospecting at Maki Medina, and the newest discovery at Kotouniokolla.

EPSILON DEPOSIT

Drilling is continuing at the Epsilon deposit where multiple NE and NW trending quartz vein systems have been intersected in trenching and drilling within a surface area of approximately 400 metres by 400 metres. Drilling to date has intersected the main Epsilon vein systems over a minimum strike extent of 180 metres and consistently to depths of 150-200 metres below surface in multiple zones. The Epsilon vein systems remain open along strike and to depth.

Significant results from recent drilling at Epsilon are summarized in the following table:

———————————————————————
Grid Azimuth/ From – To Interval Gold
Drill Hole Co-ordinate Dip (m) (m) (g/t)
———————————————————————
DH-520 53553N/5410E 030/-45 48-51 3 27.79
incl.49-50 1 67.64
———————————————————————
DH-522 53553N/5410E 030/-60 52-56 4 196.27
incl.55-56 1 763.10
124-129 5 3.92
incl.127-129 2 7.56
———————————————————————
DH-524 53553N/5410E 030/-75 161-162 1 58.02
170-171 1 3.14
———————————————————————
DH-527 53585N/5350N 030/-45 7-8 1 16.74
———————————————————————
DH-529 53585N/5350N 030/-60 3-5 2 2.65
———————————————————————

Mineralized intervals are based on 1-metre samples utilizing a 1.0 g/t gold
cut-off level with a maximum internal dilution of 1 metre. No cutting of
gold assays has been employed for reported intervals. The attitude of
mineralized intervals varies and reported mineralized intersections may not
represent true widths.
A complete table of significant Epsilon drill results is attached in Schedule A.

GOLOUMA WEST AND GOLOUMA SOUTH DEPOSITS

Oromin has recently completed a series of deep drill holes at both the Golouma West and Golouma South deposits targeting higher grade mineralization down-dip from previously defined resources. These drill holes expand the mineralization beyond the current resource outlines and enhance the underground mining potential at both of these gold deposits. Significant results available from this recent deep drilling program are summarized in the following table:

—————————————————————————
Grid Azimuth/ From – To Interval Gold
Drill Hole Location Co-ordinate Dip (m) (m) (g/t)
—————————————————————————
DH-516 Golouma South 53116N/5033E 110/-75 207-210 3 4.09
215-218 3 3.53
—————————————————————————
DH-517 Golouma West 53355N/4658E 015/-70 265-266 1 9.55
275-279 4 6.27
incl.276-277 1 18.59
—————————————————————————
DH-518 Golouma South 53139N/5051E 110/-67 177-184 7 2.19
191-197 6 3.02
incl.192-193 1 7.89
incl.195-196 1 5.92
—————————————————————————
DH-519 Golouma South 53163N/4959E 110/-60 262-273 11 8.26
incl.265-272 7 12.24
incl.271-272 1 44.86
—————————————————————————
DH-521 Golouma West 53356N/4658E 015/-75 298-309 11 2.68
incl.305-309 4 4.73
314-318 4 2.13
—————————————————————————
DH-523 Golouma South 53163N/4959E 110/-67 270-282 12 3.43
incl.275-280 5 5.55
—————————————————————————
DH-526 Golouma West 53355N/4634E 015/-70 302-305 3 9.94
—————————————————————————
DH-528 Golouma South 53095N/5008E 110/-60 200-204 4 12.52
—————————————————————————
DH-539 Golouma West 53299N/4673E 015/-67 311-321 10 17.54
incl.314-319 5 31.46
incl.315-317 2 65.69
326-327 1 38.96
—————————————————————————

Mineralized intervals are based on 1-metre samples utilizing a 1.0 g/t gold
cut-off level with a maximum internal dilution of 2 metres. No cutting of
gold assays has been employed for reported intervals. The attitude of
mineralized intervals varies and reported mineralized intersections may not
represent true widths.

Additional deep drilling is scheduled towards better defining the underground mining potential at both Golouma West and Golouma South.

MASATO DEPOSIT

A number of drill holes completed along the strike length of the near surface Masato oxide deposit were drilled to provide detailed Specific Gravity Determination values and assist with geological interpretation of the oxide zones previously identified. This set of in-fill core holes provided some very encouraging interval widths and grades. Material from these drill holes has been collected under the supervision of Ausenco Minerals Canada Ltd. and submitted for detailed metallurgical test work focusing on the heap leach amenability for the Masato oxide resource. Significant results from these drill holes are summarized in the following table:

———————————————————————
Grid Azimuth/ From – To Interval Gold
Drill Hole Co-ordinate Dip (m) (m) (g/t)
———————————————————————
DH-452 60008N/4839E 110/-50 17-25 8 2.75
———————————————————————
DH-454 60337N/4898E 100/-55 9-36 27 2.85
———————————————————————
DH-457 60339N/4878E 100/-50 23-58 35 1.91
———————————————————————
DH-460 60365N/4903E 100/-50 7-18 11 2.60
27-39 12 3.98
incl.35-36 1 36.35
———————————————————————
DH-461 60431N/4894E 100/-50 6-38 32 1.13
incl.10-19 9 2.06
41-50 9 2.77
incl.42-43 1 11.18
———————————————————————
DH-463 60432N/4980E 240/-50 89-91 2 6.24
———————————————————————
DH-465 59810N/4700E 110/-50 51-62 11 2.61
———————————————————————
DH-467 59730N/4690E 110/-60 0-3 3 2.66
———————————————————————
DH-469 59626N/4617E 110/-50 3-12 9 2.60
incl.7-11 4 4.74
48-51 3 1.59
55-63 8 1.58
———————————————————————
DH-471 59585N/4615E 110/-45 28-49 21 1.47
incl.38-43 5 2.87
———————————————————————
DH-472 59550N/4595E 110/-50 9-12 3 1.59
———————————————————————
DH-473 59524N/4550E 110/-50 0-4 4 1.26
20-42 22 5.78
incl.36-38 2 48.54
69-76 7 1.63
———————————————————————
DH-474 59700N/4650E 110/-50 32-64 32 1.32
incl.32-34 2 4.36
and 54-57 3 3.10
———————————————————————
DH-475 59265N/4553E 110/-55 34-44 10 2.76
incl.36-38 2 5.67
54-57 3 2.61
64-68 4 1.48
———————————————————————
DH-478 59184N/4544E 110/-50 10-15 5 2.14
incl.10-11 1 7.32
63-83 20 3.08
incl.72-73 1 31.82
———————————————————————

Mineralized intervals are based on 1-metre samples utilizing a 0.5 g/t gold
cut-off level with a maximum internal dilution of 4 metres. No cutting of
gold assays has been employed for reported intervals. The attitude of
mineralized intervals varies and reported mineralized intersections may not
represent true widths.
REGIONAL EXPLORATION

KOBOKOTO ALPHA PROSPECT

The Kobokoto Alpha prospect is presently defined by a greater than 100 ppb gold-in-soil geochemical anomaly, displaying both NW and NE trending structures, over a 150-metre by 600-metre area. This target demonstrates one of the highest grade gold-in-soil anomalies anywhere on the OJVG Sabodala Property, with 15 soil samples in excess of 1.0 g/t gold including high values 10.8 g/t, 12.1 g/t and 29.3 g/t gold.

A series of excavator trenches completed over the Kobokoto Alpha anomaly has verified the two structural orientations. Two trenches in particular, TRX-316 and TRX-317, have both successfully intersected an undrilled NW-trending mineralized zone as follows:

TRX-316 2.91 g/t gold over 9 metres (including 6.66 g/t gold over 3 metres)
TRX-317 483.7 g/t gold over 6 metres (including 1,419 g/t gold over 2 metres)
Drilling is now under way at the Kobokoto Alpha Prospect.

NEW DISCOVERY – KOTOUNIOKOLLA

Recent prospecting has identified a new gold discovery, Kotouniokolla, located approximately 3.5 kilometres southwest of the Golouma South deposit. A detailed soil sampling grid over this area has outlined a greater than 100 ppb gold-in-soil anomaly measuring 250 metres in a NW-SE orientation and 450 metres in a NE-SW orientation. A total of ten rock samples, collected along an approximate 150-metre extent at Kotouniokolla, have returned favourable results including high values of up to 4.05 g/t gold, 5.42 g/t gold, 29.51 g/t gold and 269.4 g/t gold. The range of the results from these ten samples was 0.16 g/t gold to 269.4 g/t gold.

Additional prospecting, trenching and drilling are planned for the next phase of evaluation at Kotouniokolla.

Doug Turnbull, P. Geo., a “qualified person” for the purposes of National Instrument 43-101, has verified the data disclosed in this news release. William Bond, P. Geo., also a “qualified person” for the purposes of National Instrument 43-101, has supervised geologic field procedures. TSL Laboratories in Saskatoon carried out all assaying under industry-standard QA/QC procedures.

Oromin also reports that it has granted incentive stock options entitling the purchase of up to 75,000 shares of Oromin under its Stock Option Plan, subject to regulatory approval. The options are exercisable at a price of $0.90 per share until October 7, 2014.

To find out more about Oromin Explorations Ltd., visit www.oromin.com. Please refer to the maps which set out the Sabodala deposits and zones under “investor info/articles and reports” on the website, and our previous news releases, for additional project information.

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

Chet Idziszek, President

—————————————————————————
Schedule A
Epsilon Deposit
—————————————————————————
Grid Azimuth/ From – To Interval Gold
Drill Hole Co-ordinate Dip (m) (m) (g/t)
—————————————————————————
DH-67 3700N/5415E 150 degrees/- 145-147 2 25.07
45 degrees
—————————————————————————
DH-68 3661N/5462E 150 degrees/- 109-110 1 162.30
45 degrees
—————————————————————————
DH-70 3672N/5518E 182 degrees/- 85-87 2 1.91
45 degrees
—————————————————————————
DH-72 3661N/5462E 182 degrees/- 81-84 3 98.37
45 degrees incl. 81-82 1 289.00
—————————————————————————
DH-73 3661N/5462E 182 degrees/- 162-170 8 17.61
60 degrees incl. 163-166 3 38.36
—————————————————————————
DH-76 3700N/5415E 180 degrees/- 46-49 3 1.15
45 degrees
—————————————————————————
DH-456 3528N/5337E 030 degrees/- 104-106 2 13.09
50 degrees incl. 105-106 1 24.78
—————————————————————————
DH-503 3578N/5390E 030 degrees/- 17-20 3 12.72
45 degrees incl. 18-19 1 30.54
24-25 1 5.08
81-83 2 3.12
—————————————————————————
DH-504 3578N/5390E 030 degrees/- 19-21 2 6.75
50 degrees 33-34 1 15.43
—————————————————————————
DH-505 3559N/5396E 030 degrees/- 40-44 4 81.10
45 degrees incl. 41-43 2 160.96
94-97 3 4.65
incl. 94-95 1 12.93
—————————————————————————
DH-512 3559N/5396E 030 degrees/- 184-187 3 5.04
77 degrees incl. 185-186 1 13.39
—————————————————————————
DH-515 3537N/5384E 030 degrees/- 78-82 4 7.35
77 degrees incl. 80-81 1 22.02
230-231 1 113.90
—————————————————————————
DH-504 3578N/5390E 030 degrees/- 19-21 2 6.75
50 degrees 33-34 1 15.43
—————————————————————————
DH-505 3559N/5396E 030 degrees/- 40-44 4 81.10
45 degrees incl. 41-43 2 160.96
94-97 3 4.65
incl. 94-95 1 12.93
—————————————————————————
DH-512 3559N/5396E 030 degrees/- 184-187 3 5.04
77 degrees incl. 185-186 1 13.39
—————————————————————————
DH-515 3537N/5384E 030 degrees/- 78-82 4 7.35
77 degrees incl. 80-81 1 22.02
230-231 1 113.90
—————————————————————————
DH-520 53553N/5410E 030/-45 48-50 3 27.79
incl.49-50 1 67.64
—————————————————————————
DH-522 53553N/5410E 030/-60 52-56 4 196.27
incl.55-56 1 763.10
124-129 5 4.90
incl.127-129 2 7.56
—————————————————————————
DH-524 53553N/5410E 030/-75 161-162 1 58.02
170-171 1 3.14
—————————————————————————
DH-527 53585N/5350E 030/-45 7-8 1 16.74
—————————————————————————
DH-529 53585N/5350N 030/-60 3-5 2 2.62
—————————————————————————
RC-170 3568N/5486E 030 degrees/- 76-79 3 50.39
50 degrees incl. 76-77 1 122.40
—————————————————————————
RC-173 3578N/5469E 030 degrees/- 69-71 2 8.08
50 degrees incl. 69-70 1 15.60
—————————————————————————
RC-174 3560N/5459E 030 degrees/- 89-93 4 12.50
50 degrees incl. 91-92 1 41.19
—————————————————————————
RC-175 3573N/5444E 030 degrees/- 80-83 3 10.24
50 degrees incl. 81-82 1 28.33
—————————————————————————
RC-176 3590N/5454E 030 degrees/- 51-56 5 19.97
50 degrees incl. 54-56 2 49.93
—————————————————————————
RC-177 3608N/5464E 030 degrees/- 38-41 3 16.33
50 degrees incl. 38-39 1 30.32
—————————————————————————
RC-267 3568N/5486E 030 degrees/- 61-64 3 1.50
60 degrees
—————————————————————————
RC-268 3568N/5486E 30 degrees/- 153-156 3 5.00
68 degrees 159-164 5 7.40
incl. 160-161 1 29.25
167-173 6 13.08
incl. 167-170 3 23.75
—————————————————————————
RC-578 53553N/5375E 030 degrees/- 56-68 12 10.20
50 degrees incl. 56-63 7 17.13
incl. 60-61 1 107.00
125-127 2 6.83
—————————————————————————
RC-579 53501N/5345E 030 degrees/- 192-204 12 23.53
50 degrees incl. 195-196 1 76.75
and 199-202 3 60.14
incl. 201-202 1 128.90
209-217 8 16.54
incl. 213-217 4 32.48
incl. 215-216 1 114.40
—————————————————————————
RC-637 1453565N/815383E 030 degrees/- 35-42 7 24.56
50 degrees 36-38 2 83.10
—————————————————————————
RC-639 1453586N/815370E 030 degrees/- 15-22 7 4.13
50 degrees incl. 15-16 1 11.44
incl. 18-19 1 13.72

With gold making new historic highs today (in nominal terms anyhow) I think it is about time we looked at Oromin for what it has. The truth is that there are 3 million ounces in the ground with , i believe, many more millions yet to be counted. We have a major as a partner that, as far as i see it knows there is value in the property. Why else would they put up the millions they did for a 17% stake?

The current drill program will yield results as good or better than the last round of drilling. We are zeroing in on the higher grade deposits with better understanding of the structures gained form previous years drilling. The PFS was done to facilitate the mining lease which we should have in hand by year end.

The more i think about the combination of OLE and MDL the more excited i get. We have more oxides and higher grade ore than MDL. If we are able to come to an agreement the mill capacity can be doubled and the gold recovered could be multiplied by 4 or more if we use the extra capacity to mill higher grade ore!! That means we could be a solid mid tier producer at around 500,000 ounces a year! Cash costs will come down with the mining of the masato oxides.

i hope to see the results of the current drill program, the granting of the mining lease and an update to the resource in the coming months!

i hope we can gain back the momentum we had at the start of all this, after all that work has led us to where we are today, a junior explorer at the verge of becoming a serious contender in the West African gold camp Sabodala!

I was pleased to see gold trading at 1007 this morning as i woke. I think it has been building a base at 1000 and refuses to stay below that mark for any length of time. With gold appreciating the outlook for Oromin gets brighter and brighter. The larger gold stocks are not as highly leveraged to the price of gold as is Oromin. The NAV and IRR of the sabodala project improve greatly with any increase in gold over 900/oz. Notwithstanding any benefit from the current work being done on Sabodala to increase the economics from within. The combination of the price of gold going up and work being done on the ground, the project economics look a lot better than they did at the time of the Pre feas release. I understand it had a time constraint as it was tied to the application for a mining liscence. The application has been filed and a team will be going to the property to follow up on the application process. The general public and media are starting to look around for highly leveraged gold plays and when they find it in combination with an appreciating gold price we will make our money back and then some.

The stock depth is looking a lot better, i was told the Europe trip was a success. Looking at the trades there are 2 new buyers and i think they are european. Toll cross has been doing some crossing trades for some size. The depth is looking better than is has ever. There are some large bids that are in place and i think the sentiment is begining to turn.

One interesting point I made in a comment last week was the fact that someone is accumulating large blocks of MDL on the TSX. So far 30 million shares have changed hands this month with GMP and Toll cross being the big buyers, Credit Suisse is 3rd and has also begun accumulating oromin shares, and thanks to Muttley adding the fact that 30 or so million shares traded onthe ASX thats 60 million shares in a month.. interesting

There is a lot of speculation on the street about how the deal will go down. The truth is no one knows .. there are as i see it 4 players (maybe more) Oromin MDL Iamgold and Randgold. With mdl having the plant in place it makes sense to have mdl included in the deal. Will mdl be taken out first?.. i guess it depends who is taking up the shares in mdl..Iamgolds stake in Oromin will also play a role. They already have a head start so it looks like they are the front runner. But what if Oromin was to make a run at MDL! The combined company would have almost 7 million ounces and be in production with probably 4 million upgraded ounces. I have always said that Oromins property was a 10 million ouncer add mdl’s 3.5 and some blue sky we are at 13 – 15 million ounces .. all of a sudden Oromin is a significant mid tier producer going into the biggest gold rally of the last 25 years!..

Oromin and MDL have always had a good relationship..and remembering back to the merger mania of the 80’s the project synergy is there.. we have the oxides and the blue sky ounces on our property and MDl have the mill.. they need oxides and we need a mill ..

i see some pretty exciting times ahead with some big numbers being thrown around!

gold was kicked down hard today as the us dollar gained .. but it looks like gold is on its way back curently at 997.25 and the dollar looks to have peaked

i was looking through some old watch lists ans noticed MDL was at .95 aus.. WOW thats 500 million market cap ..with ole at 85 million and from what i remember MDL doesnt have that many more ounces than we do ..

the next thing i did was look at the volumes in canada on MDL .. nearly 30 million shares in the last few weeks!

anyone look familiar!

Toll Cross did the ole financing..

GMP .. high net worth brokerage in NA and europe.. HQ in london ..chet and the boys are in london Toll Cross taking them on a promo tour..hmmm

toll cross buying 3 million shares and GMP taking 25 million..

i say again … something is afoot.. bids on ole look better than they have ever 80000 shares bid at .80..

could we be on the eve of a move up .. i think so!

17 Records Returned

House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
93 Toll Cross 3,055,500 2,334,795 0.76 1,649,334 1,213,067 0.74 1,406,166 -1,121,728
74 GMP 25,051,102 21,107,130 0.84 23,780,204 20,054,376 0.84 1,270,898 -1,052,754
72 Credit Suisse 301,500 246,591 0.82 0 301,500 -246,591
73 Cormark 368,000 270,620 0.74 173,300 140,010 0.81 194,700 -130,610
7 TD Sec 150,800 110,209 0.73 72,800 47,340 0.65 78,000 -62,869
2 RBC 22,300 13,380 0.60 0 22,300 -13,380
11 MacQuarie 51,580 44,199 0.86 29,850 24,621 0.82 21,730 -19,578
88 Scotia iTRADE 11,000 9,260 0.84 5,000 4,090 0.82 6,000 -5,170
19 Desjardins 55,900 47,365 0.85 52,000 44,160 0.85 3,900 -3,205
85 Scotia 12,500 10,520 0.84 10,000 8,380 0.84 2,500 -2,140
81 HSBC 500 310 0.62 0 500 -310
99 Jitney 5,000 4,150 0.83 5,000 4,150 0.83
80 National Bank 1,100 894 0.81 35,500 22,925 0.65 -34,400 22,031
62 Haywood 100,000 69,750 0.70 225,000 187,785 0.83 -125,000 118,035
1 Anonymous 423,000 357,960 0.85 693,500 558,585 0.81 -270,500 200,625
9 BMO Nesbitt 125,646 87,355 0.70 1,297,909 979,188 0.75 -1,172,263 891,833
79 CIBC 25,750 18,612 0.72 1,731,781 1,444,423 0.83 -1,706,031 1,425,811
Total 29,761,178 24,733,100 0.83 29,761,178 24,733,100 0.83 0 0

i spoke with the office today about lund and the oromin trip to the denver gold show. The show was well attended with industry professionals and senior mining companies.. It was invite only so im glad oromin was there.

they said they had several meetings one of which was very productive! so all in all a very sucessful trip.

Toll Cross is taking Oromin on a European promotional tour starting this weekend they will be in london and geneva, im not sure where else, but it sounds like there is a head of steam building behind the stock as the depth market shows.. there are more bids and big ones at that than i have ever seen on this stock.

there are also big bids on lund.. i think about 400000 shares are bid now with the price moving up.

i bought 88000 a few weeks ago and 49000 today .. added to the pile i had already .. hoping the Don Don is big big!

lund NR as follows

Lund Gold granted option to acquire Don-Don

2009-09-17 17:15 ET – News Release

Mr. Chet Idziszek reports

LUND ACQUIRES THE DON-DON PROPERTY IN NORTHERN B.C.

Lund Gold Ltd. has, subject to regulatory approval, been granted the sole and exclusive option to acquire a 100-per-cent interest in 16 claims covering 6,105 hectares located in the Omineca mining division, province of British Columbia, known as the Don-Don property.

The Don-Don property is contiguous with claims belonging to Lysander Gold’s “Pinchi project” which have been recently optioned by Amarc Resources. The Don-Don property covers a portion of the Pinchi fault contact with the Duckling Creek syenitic phase of the Hogen batholith where alkalic porphyry copper-gold mineralization has been found to be associated with the Duckling Creek intrusive phases of the Hogen batholith locally. A large IP target occurs on the adjacent Lysander ground and is open to the west onto the Don-Don property which also hosts two large prominent electromagnetic (EM) airborne anomalies.

The Northern Quesnel trough area is very active with numerous companies exploring for porphyry-style copper-gold mineralization, including work in the north around Kemess and locally at the Lorraine property and to the south at Serengeti Resources’ Kwanika property and at Mount. Milligan. Lund plans to begin geophysical work shortly with a view to generating drill targets as soon as possible.

In order to exercise its option, Lund must pay the vendors a total of $203,000 over four years, issue a total of 650,000 shares of Lund over five years and incur exploration expenditures totalling $575,000 over four years. The vendors will retain a royalty equal to 3 per cent of net smelter returns, with Lund having the right to purchase, at any time, one-third of the royalty (being equal to 1 per cent of net smelter returns) by paying the vendors the sum of $2-million.

Well the lid has been taken off GRL .. i expect a quick move to 1.50.. things are going exactly as they should …VERY well run market by a very intelligent and capable management team! (one of the best i have ever seen)

now my biggest holding by dollar value and number of shares

caliche

# Orders Board Lots Bid Ask Board Lots # Orders
3 30500 1.030 1.060 5000 1
1 10000 1.020 1.070 5000 1
2 11000 1.010 1.080 9500 2
3 30000 1.000 1.090 3000 1
1 20000 0.980 1.100 4500 4

Oromin Explorations Ltd.: Preliminary Feasibility Study Completed and New Higher Grade Discoveries Continue to Be Identified

2009-09-09 19:02 ET – News Release

VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 09/09/09

Oromin Explorations Ltd. (TSX: OLE)(OTCBB: OLEPF) -

HIGHLIGHTS

- SRK’S PRELIMINARY FEASIBILITY STUDY COMPLETED FOR SABODALA AND SUBMITTED WITH APPLICATION FOR MINING LICENSE

- STUDY RECOMMENDS UPDATING RESOURCE BASE TO INCLUDE RECENT HIGHER GRADE DISCOVERIES

- GLOBAL MINERAL INVENTORY STANDS AT 3 MILLION OUNCES OF GOLD

- PREVIOUSLY ANNOUNCED INFERRED RESOURCES OF 2.26 MILLION OUNCES OF GOLD HAS BEEN UPGRADED TO INDICATED PLUS INFERRED RESOURCES AT 2.19 AND 0.37 MILLION OUNCES GOLD RESPECTIVELY

- RECENT DRILLING CONFIRMS NEW HIGHER GRADE GOLD DISCOVERIES AT EPSILON,CLOVERLEAF,GOLOUMA NORTHWEST AND KOBOKOTO AND HIGHER GRADE GOLD MINERALIZATION AT DEPTH BEYOND CURRENT RESOURCES AT KEREKOUNDA,GOLOUMA SOUTH AND WEST DEPOSITS

- METALLURGY AT MASATO INDICATES MAJORITY OF RESOURCE IS AMENABLE TO HEAP LEACH PRESENTING AN OPPORTUNITY TO PROCESS ORE FROM MASATO AS SEPARATE HEAP LEACH OPERATION AT START UP, CONCURRENT WITH PRODUCTION FROM HIGHER GRADE DEPOSITS

- LATEST DRILLING RESULTS INCLUDE:

– 3 metres of 56.48 g/t gold in RC-637 at Epsilon

– 3 metres of 12.72 g/t gold in DH-503 at Epsilon

– 4 metres of 81.10 g/t gold in DH-505 at Epsilon

– 4 metres of 7.35 g/t gold in DH-515 at Epsilon

– 2 metres of 6.16 g/t gold and 1 metre of 41.98 g/t gold in RC-642 at Cloverleaf

– 5 metres of 6.78 g/t gold in RC-644 at Cloverleaf

– 5 metres of 6.66 g/t gold in DH-495 at Golouma Northwest

– 7 metres of 12.45 g/t gold in DH-468 at Kerekounda

– 12 metres of 5.53 g/t gold in DH-488 at Kerekounda

PFS RESULTS, CONCLUSION AND DEVELOPMENT PLAN

Oromin Explorations Ltd. (“Oromin”), on behalf of the Oromin Joint Venture Group (“OJVG”), is pleased to announce that SRK Consulting (Canada) Inc. (“SRK”) has completed the initial Preliminary Feasibility Study (“PFS”) on the Sabodala Project. The PFS is based on Indicated Resources that were defined by drilling up to May 29, 2009 and does not incorporate the new higher grade gold discoveries that have resulted from subsequent drilling. Completion of the PFS was dictated by the timing of the OJVG’s license renewal obligations with the Government of Senegal. Accordingly, timing did not permit inclusion of new mineralization or most of the optimization studies, discussed below, that are typically carried out subsequent to the initial economic evaluation contained within the PFS. Resource drilling, inclusion of the new higher grade discoveries and higher grade extensions of the known deposits and optimization studies towards a revised PFS in Q2, 2010 is the focus of OJVG’s current program.

In the PFS, SRK proposes that Sabodala’s mineral deposits could be exploited as three open pits at Golouma West and South, Kerekounda and Masato, along with an underground mine at Kerekounda. The Life of Mine “LOM” plan shows a total of 19.0 million tonnes (“Mt”) of mill feed and 137.2 Mt of waste over a 13 year mine operating life. The PFS concludes that, based on the indicated resource base as of May 2009, the project has a Net Present Value (“NPV”) using a gold price of USD$950 and a 0% discount rate, of USD$54 million with an IRR of 4%. However, the base case using a gold price of USD$850, the price used for the design of the mine plan, shows a NPV of USD-$54 million using a 0% discount rate. Total initial preproduction capital expenditures including contingency is USD$279 million and average estimated operating cost is USD$580 per ounce of gold.

In the PFS, numerous opportunities for improvement of project economics were noted including:

- Addition of higher grade mineralization to obtain quicker payback

- Reduction in costs due to a modified approach to mining and processing methodology, design and construction

- Addition of Indicated Resources from areas of known deposits that could add mine life and modify plant throughput.

The preliminary metallurgical results are excellent, indicating that all mineralized zones are amenable to cyanidation and yielding recoveries up to 90% at Golouma and 95% and 96% at Masato and Kerekounda respectively. Some of the other favourable metallurgical characteristics include relatively rapid leach kinetics, low cyanide consumption and oxide ores that are amenable to heap leaching.

Ausenco Minerals Canada Ltd. (“Ausenco”) has recently been engaged to audit the capital expenditures, operating expenditures and process design aspects of the PFS. Ausenco was responsible for the design and implementation of the adjacent Mineral Deposit Limited’s (“MDL”) Sabodala mill which has, as of August, produced 96,000 ounces of gold since start up in March of 2009 and continues to run at 15% above capacity. Ausenco completed an initial review in which it has identified a number or areas that may be optimized which could potentially result in a significant reduction in the capital expenditures. Based on Ausenco’s recommendations, SRK and Ausenco are proceeding immediately with the further studies related to the optimization of the mine and processing design that will have the greatest impact on improving overall project economics, including:

- Reduction in plant footprint

- Use of heap leach to treat mineralization at Masato, operating concurrently with mining at the Golouma and Kerekounda deposits

- Optimization of plant throughput and associated mine design and schedule

- Rationalization of plant equipment

- Review of processing design criteria

Although excellent recoveries (up to 95%) were achieved by processing the Masato ore through the same CIL plant proposed to treat ore from all of the deposits, there may be some economic gains such as lower processing costs and increased gold production during the early years of the mine life by treating the Masato ore as a separate heap leach operation concurrent with mining and processing ore from the higher grade gold deposits.

Chet Idziszek, Oromin’s President and CEO, stated: “The results of the initial preliminary feasibility study are based on assumptions at one point in time and are interim in nature. We expect the 2010 revision of the initial study to improve the project economics as a result of capital cost reductions, altered mining scenarios identified by optimization studies and the inclusion of other and new higher grade deposits and higher grade underground potential at existing deposits. The initial study is a major milestone for this project, given that Sabodala was essentially a raw prospect when we commenced our drilling three years ago. Newly discovered resource ounces may positively impact the optimization of the currently proposed mine plan and treatment facility and enhance the net value of the Sabodala Project. We will continue our aggressive drill program beyond the end of 2009, the results from which will form the basis of the revised PFS in 2010. We are also very encouraged by the interest shown in our project by senior mining companies working in the area and by international investment banks such as CIBC World Markets and Euroz Securities Limited. An indication of this interest is clearly shown by Iamgold’s recent acquisition of a 17% shareholding in Oromin.”

As part of its application to the Government of Senegal for a mining licence, OJVG submitted a development plan that outlines the work to address the recommendations in the PFS, culminating in the preparation of a revised PFS in Q2, 2010.

The focus during the first half of 2009 included the completion of OJVG’s February 27, 2009 resource update which added 860,000 inferred ounces to the initial resource estimate bringing the total contained Inferred Resource to 2.26 million ounces of gold; infill and step out drilling at the Masato and Kerekounda deposits; considerable engineering and drilling directed by SRK for the PFS; detailed surface geochemical and trench evaluation of untested priority targets and initiation of follow-up drilling of new discoveries and resource updates as reported in this release.

The focus from now to Q2, 2010 will be resource expansion and the completion of optimization studies for the revised PFS. This includes the continued drilling and inclusion of new higher grade gold targets such as Epsilon, Golouma Northwest, Cloverleaf, and Kobokoto and the drilling and inclusion of higher grade down dip extensions of current Indicated Resources at the Kerekounda, Golouma West and South deposits to determine the full extent of this mineralization as new potential underground mineable reserves.

The Sabodala gold district hosts greater than 10 million ounces of resources and has significant potential for expansion. It is becoming a mineral camp that may be of equal or greater stature than the long term gold producing operations of Iamgold and Randgold nearby in Mali. Recent independent reviews of the Sabodala district by CIBC World Markets (July 20, 2009) and Euroz Securities Limited (August 27, 2009) have discussed the possibility of joint operations with other companies active in the area. SRK’s optimization studies will include, in addition to work focused on Sabodala as a stand alone operation, trade off studies to determine the viability and value of alternate development scenarios such as toll milling or joint operations.

UPDATED MINERAL RESOURCE ESTIMATE

The global mineral inventory for OJVG’s Sabodala Project stands at 64 million tonnes grading 1.5 g/t Au containing 2.96 million ounces of gold based on drill data collected as of May 29, 2009. Contained within this global inventory, are the following classified Indicated and Inferred mineral resource estimates:

Higher Grade Au Deposits Indicated Mineral Resource Estimate
———————— ———————————–
Cut-off
Grade Grade Contained
Deposit (Au g/t) Tonnes (Au g/t) Au (oz)
——————— ——- ———- —— ———
Golouma West 0.5 6,100,000 2.60 505,000
Golouma South 0.5 2,220,000 4.20 297,000
Kerekounda 1.0 744,000 6.90 164,000
Total Indicated
Mineral Resource
Estimate 9,064,000 3.34 966,000

Inferred Mineral Resource Estimate
———————————-

Golouma West 0.5 502,000 3.00 48,000
Golouma South 0.5 13,000 3.50 1,000
Kerekounda 1.0 244,000 6.10 48,000
——————————————
Total Inferred
Mineral Resource
Estimate 759,000 4.01 97,000
——————————————
——————————————

Lower Grade Au Deposits Indicated Mineral Resource Estimate
———————– ———————————–
Cut-off
Grade Grade Contained
Deposit (Au g/t) Tonnes (Au g/t) Au (oz)
——————— ——- ———- —— ———
Masato 0.5 32,800,000 1.20 1,220,000
1.0 15,900,000 1.60 810,000
Niakafiri SE 0 0 0.00 0
Maki Medina 0 0 0.00 0
——————————————
Total Indicated
Mineral Resource
Estimate @ 0.5
COG 32,800,000 1.20 1,220,000
——————————————
——————————————

Inferred Mineral Resource Estimate
———————————-

Masato 0.5 1,535,000 1.40 71,000
1.0 1,000,000 1.90 60,000
Niakafiri SE 0.5 4,350,000 0.90 119,000
Maki Medina 0.5 1,500,000 1.50 70,000
——————————————
Total Inferred
Mineral Resource
Estimate @ 0.5
COG 7,385,000 1.13 260,000
——————————————
——————————————

SRK Consulting (UK) Ltd. carried out a mineral resource estimate update (“Resource Estimate”) for the four most advanced stage deposits on the property, Golouma West, Golouma South, Kerekounda and Masato. Additionally, initial resource estimates for Maki Medina and Niakafiri SE were also derived, but not included in the economic analysis in the PFS as they are classified as inferred resources. Dr Wayne Barnett of SRK, Ali Shahkar (P.Geo) and Susan Lomas (P.Geo.) of Lion’s Gate Geological Consulting Inc. constructed all 3D grade shell models for the deposits. SRK’s Dr. John Arthur, C. Geol. and Dr. Chris Bonson, EurGeol, reviewed all 3D models and pertinent geological information and exploration activities on-site in sufficient detail to support the data incorporated in the mineral resource estimate. Quality control and quality assurance programs were reviewed by SRK and the quality of the exploration data was deemed appropriate and acceptable for use in the Resource Estimate.

The principal components of the work upon which the mineral resource estimate is based included:

- Construction of 3D estimation domains (grade shells) based on drill hole lithological logs, core photos, structural geological data and Au assays; and 3D modelling of major dykes which intrude the Golouma West and Kerekounda deposits.

- Statistical analysis and geostatistical analysis of the drillhole assay data from each of the deposits, including descriptive statistics, histograms and variography.

- Mineral resource estimates were derived using assay data composited to 1 m intervals, capped where necessary. All estimations used Ordinary Kriging, using optimised search ellipsoids.

- Construction of a mineral inventory block model and subsequent Whittle(TM) resource shell based on the following parameters:

– US$1000/oz Au;

– mill recovery of 96% at Kerekounda; 90% at Golouma South and West; and 95% at Masato;

– US$1.25/t mined mining cost;

– US$12.75/t milled processing and G&A cost;

– US$13.5/oz Au offsite costs;

– 10% mining dilution;

– 45 degree pit slope angles.

The resource for the Golouma West, Golouma South, Masato and Kerekounda deposits has been classified as Indicated and Inferred, as defined by CIM guidelines and were constrained by the Whittle resource shell optimization. The Niakafiri Southeast and Maki Medina mineral resources were constrained by depths based on comparisons with resource shell depths from the Masato deposit, which shows similar geological and grade characteristics. SRK is satisfied that the estimated resources are potentially economically extractable.

Based on the results from the metallurgical sampling program, the Masato deposit has almost entirely been classified as an oxide resource, including mineralization within the upper saprolite horizon. Preliminary column leach testing of a high grade and low grade sample of the Masato oxide ore material resulted in a gold extraction of 73% and 84% respectively. This is very encouraging as it presents an opportunity whereby the Masato deposit may be mined as a separate heap leach operation concurrent with the mining and processing of ore from the higher grade deposits that will be processed through the proposed conventional CIL plant.

In the PFS, Masato is shown as being mined near the end of the mine life and processed through the same mill and CIL plant that was designed to process ore from the higher grade deposits. Treating ore from the Masato orebody as a stand alone heap leach operation could conceivably occur at the same time as, or in advance of, ore being mined from the higher grade deposits, increasing the gold production during the early years of the mine life, possibly reducing the payback period. Additionally, treating Masato as a heap leach operation may represent a net cost savings on the capital expenditures associated with trade off of constructing a second crushing circuit and reducing the throughput of the CIL plant that would be required to treat a smaller number of tonnes of higher grade gold ore from the remaining deposits. Additionally, lower processing costs associated with a heap leach operation may result in an increase in bulk tonnage resources due to the inclusion of additional resources at a lower cut off grade, not only at Masato and but also potentially at Maki Medina and Niakafiri. The option of mining and treating the Masato ore as a separate heap leach operation concurrent with the development of the higher grade deposits was not considered until the economics of processing all of the OJVG’s deposits through a single CIL plant was completed and evaluated and presented in the current PFS. As mentioned earlier timing of the current PFS did not permit key optimization studies. However, the viability of these options will be determined through planned engineering and optimization studies conducted by SRK and Ausenco this fall.

NEW DISCOVERIES

The gold deposits and prospects on OJVG’s Sabodala concession occur within a five kilometre wide, northeast trending structural corridor which runs for 20 kilometres along the entire length of the concession. The western part of the corridor is associated with lower grade, bulk tonnage gold deposits including OJVG’s Masato, Niakafiri South East and Maki Medina deposits as well as MDL’s adjacent Sabodala and Niakafiri deposits. The eastern side of the corridor is entirely contained on the OJVG concession and is host to all of OJVG’s higher grade occurrences (Golouma West, Golouma South, Kerekounda), the recent higher grade discoveries (Epsilon, Golouma Northwest and Cloverleaf), as well as a number of untested targets.

The new higher grade discoveries have resulted from the OJVG’s attention to the eastern, higher grade portion of this structural corridor in 2009. These discoveries are expressed at surface as narrow, linear high grade gold-in-soil anomalies within the limits of the broader gold-in-soil anomalies that occur along the full extent of the structural corridor on the Sabodala concession. OJVG’s exploration success this year has resulted from the systematic, detailed evaluation of surface soil and trenching data collected to date. Although our work in 2009 has resulted in the identification of four new higher grade targets and definition of higher grade zones within our known deposits, this work is ongoing and many of the second and third tier anomalies remain untested by drilling.

Mr. Idziszek stated: “Despite directing a number of diamond drill rigs to the geotechnical drilling program required for SRK’s mining studies during the first half of 2009, we have made great progress in understanding what is controlling the orientation and distribution of higher grade mineralization on the property. This has been a key factor in our continually improving success rate in drill testing new targets and finding new higher grade deposits.”

Epsilon Deposit and Area Targets

Drilling continues at a newly discovered, discrete zone of higher grade gold mineralization, now referred to as the Epsilon deposit, adjacent to, and now including the Golouma Northeast zone. Epsilon is located approximately 1 km south of the Kerekounda deposit. The discovery holes at the Epsilon deposit returned results including: 98.37 g/t gold over 3 metres in DH-72 and 17.61 g/t gold over 8 metres in DH-73.

The Epsilon target consists of at least two parallel, NW trending, steeply dipping vein systems open along strike and to depth. As evidenced by the higher gold grades encountered in the previous and new drill holes summarized below, visible gold has been observed in most intersections of the quartz vein systems. To date, Epsilon has been intersected in 16 drill holes over a strike length of 100 metres and approximately 200 metres down dip. Drill results from the original discovery holes (RC-578, RC-579 and DH-456) and recent drilling are summarized in the following table:

Grid From To Interval Gold
Drill Hole Co-ordinate Azimuth/Dip (m) (m) (m) (g/t)
RC-578 53553N/5375E 030/-50 56 68 12 10.20
incl. 56 63 7 17.13
incl. 60 61 1 107.0
125 127 2 6.83
RC-579 53501N/5345E 030/-50 192 204 12 23.53
incl. 195 196 1 76.75
and 199 202 3 60.14
incl. 201 202 1 128.9
209 217 8 16.54
incl. 213 217 4 32.48
215 216 1 114.4
RC 637 1453565N/815383E 30/-50 35 42 7 24.56
incl. 36 38 2 83.10
RC-639 1453586N/815370E 30/-50 15 22 7 4.13
incl. 15 16 1 11.44
incl. 18 19 1 13.72
DH-456 1453528N/815337E 30/-50 104 106 2 13.09
incl. 104 105 1 24.78
DH-503 1453578N/815390E 30/-45 17 20 3 12.72
incl. 18 19 1 30.54
24 25 1 5.08
81 83 2 3.12
DH-504 1453578N/815390E 30/-50 19 21 2 6.75
33 34 1 15.43
DH-505 1453559N/815396 30/-45 40 44 4 81.10
incl. 41 43 2 160.96
94 97 3 4.65
incl. 94 95 1 12.93
DH-512 1453559N/815396E 30/-77 184 187 3 5.04
incl. 185 186 1 13.39
DH-515 1453537N/815384E 30/-77 78 82 4 7.35
incl. 80 81 1 22.02
230 231 1 113.9

An additional target of interest at Epsilon is a sub-parallel, shear hosted quartz vein system, with visible gold mineralization, being aggressively mined by local artisanal miners along an approximate 200 metre strike extent. This vein system lies approximately 100 metres north of the current area of drilling and was first discovered recently by an OJVG trench that intersected a six metre interval grading 6.72 g/t gold. Drilling has started on this high priority new discovery.

Kobokoto

The Kobokoto area comprises a grouping of multiple gold-in-soil geochemical anomalies expressed as windows within a vast lateritic covered plateau measuring a minimum of 2,500 metres by 3,000 metres located to the west of Maki Medina. Presently three discrete areas, Alpha, Beta and Gamma, have been selected for ongoing detailed prospecting, geochemical sampling, trenching and drilling evaluations. Results to date are set out below.

Kobokoto Alpha is presently defined by a greater than 100ppb gold-in-soil anomaly displaying both NW and NE trending structures over a 600-metre by 150-metre area. This target represents one of the highest grade gold-in-soil anomalies on the Sabodala Property with 15 individual samples in excess of 1.0 g/t gold including high values of 10.8 g/t, 12.1 g/t and 29.3 g/t gold. Initial drilling of the anomaly includes DH-108 which returned an interval of 10.13 g/t gold over 3 metres. Extensive trenching is now under way to better define the complex structural targets for drill targeting. Visual success within the trenching has caught the attention of local artisanal miners who are now actively mining at Kobokoto Alpha.

At Kobokoto Beta, a greater than 100ppb gold-in-soil anomaly comprising an area of 400 metres by 100 metres, including a high gold-in-soil result of 71.7 g/t gold, hosts at least two NE trending structural hosted quartz vein system containing rock prospecting gold results of 21.33 g/t, 22.00 g/t, 24.16 g/t and 36.73g/t. Most recently a series of short drill holes over only a 50-metre extent of the Kobokoto Beta zone were completed, many of which intersected felsic dyking at or adjacent to the targeted vein. Initial drilling results include:

From To Interval Gold
Drill Hole Grid Co-ordinate Azimuth/Dip (m) (m) (m) (g/t)
DH-508 1452560N/810289E 305/-47 22 24 2 6.69
incl.23 24 1 11.81

DH-513 1452548N/810253E 330/-75 32 33 1 11.3

At Kobokoto Gamma, a greater than 100ppb gold-in-soil anomaly covering a minimum area of 200 metres by 75 metres, including a high gold-in-soil result of 26.3 g/t gold, is associated with a NE trending structural zone. Additional work is planned.

Cloverleaf Target

The Cloverleaf target is located approximately one kilometre south of the Golouma West deposit. The target was defined on surface by a 1000 by 350 metre gold-in-soil anomaly hosting multiple, variably oriented shear hosted quartz vein systems. Recent drilling on two of these shears has intersected visible gold. Initial drilling results include:

From To Interval Gold
Drill Hole Grid Co-ordinate Azimuth/Dip (m) (m) (m) (g/t)
RC-642 1452625N/814390E 45/-50 130 131 1 3.50
141 143 2 6.16
147 148 1 41.98
RC-643 1452380N/814525E 340/-55 74 75 1 13.51
RC-644 1452365N/814485E 340/-55 74 79 5 6.78
incl. 74 76 2 13.15
112 113 1 6.88
120 121 1 10.10
DH-489 1452480N/814480E 160/-50 50 52 2 8.64
108 109 1 15.81

Golouma Northwest Target

The Golouma Northwest target is located approximately 450 metres north of the Golouma West Deposit. The target was defined on surface by a 250 by 260 metre gold-in-soil anomaly and has been intersected in seven drill holes along a strike length of 100 metres and approximately 100 metres down dip. The zone consists of a northwest trending shear hosted quartz vein system. Visible gold has been reported in two of the five core holes completed to date. Initial drilling results include:

From To Interval Gold
Drill Hole Grid Co-ordinate Azimuth/Dip (m) (m) (m) (g/t)
DH-495 1454015N/814550E 260/-50 39 44 5 6.66
incl. 39 42 3 9.61
DH-514 1454034N/814539E 260/-50 44 54 10 2.21
incl. 47 50 3 4.32

Technical Supervision, QA/QC and Composite Parameters

John Arthur, C.Geol. and Chris Bonson, Eur. Geol. of SRK Consulting, both “qualified persons for the purposes of NI43-101, completed the resource estimate work and associated QA/QC review, while Gord Doerksen, P. Eng of SRK Consulting has reviewed the technical content pertaining to the preliminary feasibility study disclosure on behalf of Oromin Explorations Ltd. Doug Turnbull, P. Geo., a “qualified person” for the purposes of National Instrument 43-101, has verified the exploration data disclosed in this news release. William Bond, P. Geo., also a “qualified person” for the purposes of National Instrument 43-101, has supervised all geologic field procedures and sampling. TSL Laboratories carried out all aspects of sample preparation in Senegal and geochemical assaying in Saskatoon, Saskatchewan. TSL Laboratories are ISO/IEC 17025 accredited. Mineralized intervals are based on continuous 1-metre samples utilizing a 0.5 g/t gold cut-off level with a maximum continuous internal dilution of 2 metres. No cutting of gold assays has been employed for reported intervals. The attitude of mineralized intervals varies and reported mineralized intersections may not represent true widths.

To find out more about Oromin Explorations Ltd., visit www.oromin.com. Please refer to the maps which set out the Sabodala deposits and zones under “Projects” on the website, and our previous news releases, for additional project information.

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

Chet Idziszek, President

Cautionary Statement

This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with public markets, mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.

Contacts:
Oromin Explorations Ltd.
David Scott
Investor Relations
(604) 331-8772 or Toll-free (877) 529-8475
(604) 331-8773 (FAX)

OROMIN EXPLORATIONS LTD.

Price (Sept. 2, 2009) $0.91

52-Week Range $1.55 – $0.385

Shares O/S 94.64 million

Market Cap $86.1 million

50-day Average Volume 65,900
200-day Average Volume 60,200

Fiscal Year-End February 28

Symbol TSX: OLE

Website www.oromin.com

Financial Data

eResearch Analysts:
Anthony G. B. Hayes, CFA;
Bob Weir, B.Sc., B.Comm, CFA

Note: Report prepared with public information only.

Source: www.bigcharts.com

PROFILE

Oromin Exploration Ltd. (“Oromin” or the “Company”) is a
growth-oriented resource company focused on exploring the
Sabodala gold concession in Senegal, West Africa, and the Santa
Rosa Dome oil prospect in Argentina. The Company, in which
IAMGOLD has recently acquired a strategic 17% interest, is well
financed and managed by experienced industry professionals with
an enviable track record of discovery.

INVESTMENT CONSIDERATIONS
Strengths
• Successful, well-respected, aggressive exploration team
• Has net 1 million oz of inferred gold resource at Sabodala
• Pre-feasibility study scheduled for release in September 2009,
with upgrading of resource quality.
• Well-funded with cash of $21 million, or $0.22 per share.
• IAMGOLD owns 17% of Oromin, which it bought in June
and agreed not to buy any further shares for 7 months.
• Take-over candidate.
Challenges
• Exploration and mining in Africa is often considered
politically risky but there have been few problems in Senegal
to date.
• Though adequately financed, Oromin is still a development
company with no revenues and is ultimately dependent upon
its ability to raise equity.
• While management is skilled in exploration, neither that nor
development success is ever guaranteed, regardless of
potential.
eResearch Corporation
56 Temperance Street
Suite 501
Toronto, ON M5H 3V5
Telephone: 416-643-7650
Toll Free: 877-856-0765

eResearch Corporation: Securities Adviser and Limited Market Dealer www.eresearch.ca
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MANAGEMENT ACUMEN
Members of Oromin’s management team have been involved in
significant successful exploration discoveries and mining
developments, including:
● Hemlo gold deposit (30 million ounces gold) in Canada
● Eskay Creek gold&silver deposit (4 million oz.) in Canada
● Arequipa’s Pierina Gold deposit (7 million ounces) in Peru
● Petaquilla copper-gold deposit (1.1 billion tonne reserve) in
Panama.

EXPLORATION ACTIVITIES
Oromin is active in two countries: gold exploration in Senegal;
and oil prospecting in Argentina.

A. SENEGAL

1. Sabodala Gold Concession
Oromin is a 43.5% owner and the operator of OJVG, a private
company formed to hold 100% of the approximate 230 sq. km.
Sabodala exploration concession in eastern Senegal. The
concession surrounds completely the 33 sq. km. exploitation
concession of Mineral Deposits Limited where gold production
has already commenced.

The other members of the OJVG are Bendon International
(“Bendon”), a well-funded, private Saudi-controlled group also
with 43.5%, and Badr Investment & Finance Co., a private
Arab-African well-funded group, with 13%. The expenditures
for the OJVG are funded equally by Oromin and Bendon.

2. Exploration Results

The accompanying map shows how much OJVG has
accomplished since it initiated work on the Sabodala
concession in 2005. Work by OJVG shows great promise with
6 gold deposits and 11 prospects discovered to date. They are
related to shear zones within a 5-8 km wide and about 22 km
long north-east trending structural corridor.

COMMENT: This confirms that a new gold district is
unfolding in the Sabodala area. There is already a NI43-101
inferred resource of 2.3 million ounces of gold, of which
Oromin’s share is 1 million ounces.

The combined resource at OJVG’s three Goloumba deposits
totals 0.94 million ounces gold in 9.7 million tonnes, grading
3.01 g/t gold. The Masato deposit resource totals 1.32 mllion
ounces gold in 35.4 million tonnes, grading 1.16 g/t gold @ 0.5
g/t @ g/t cut-off grade, or 860,000 ounces gold grading 1.74
g/t gold g/t gold @ 1.0 g/t cut-off grade.
i

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3. Other Active Mining Companies Nearby

In addition to OJVG’s six deposits, there are four others held
by Mineral Deposits Limited (“MDL”) with two, RandGold
Resources Limited with one and IAMGOLD one, making
this district one of the most active and successful gold
exploration areas in Africa.

COMMENT: This activity has highlighted the importance
of this area of West Africa which has attracted the interest of
senior mining companies looking for significant gold
acquisitions. Not the least among them is IAMGOLD with its
17% stake in Oromin.

4. Mineral Deposits’ Mill

The maps (above and below) show that the OJVG
concession surrounds completely the Mineral Deposits’
exploitation permit. MDL expects to produce 160,000
ounces of gold in 2009. Barring a consolidation of the entire
district by a senior company, the MDL plant could be easily
expanded at a fraction of the cost of a new facility to offer a
“toll-milling” opportunity, particularly for OJVG, which has
very similar geology and gold recovery to that of MDL.

OJVG’s Masato Deposit is only 1.4 km due east of MDL’s
mine, and cost efficiencies suggest it should be developed in
conjunction with MDL. Even the three Golouma deposits
that have collectively almost a million ounces are only six
km away from the Sabodala mine and the Niakafiri deposits
of both OJVG and MDL will likely be developed together.

5. Prefeasibility Study

As OJVG moves towards the completion of its Pre-
Feasibility study this quarter, it expects the majority
of its 2.26 million ounce “inferred resources” to be
converted into “mineable reserves”. There is also
positive underground potential that is not included
in the resource calculations. The planned 2009
drilling program of 100,000 metres should also add
significant new gold ounces and identify further
“Blue Sky” potential.

6. Senegalese Mining Convention

Under the Senegalese Mining Convention, the
Government receives:
● A 10% free carried interest after capital
repayment
● A royalty of US$6.50 /oz of gold produced
There will also be:
● No import, export, VAT or withholding taxes
during the exploration and development phases; and
● A minimum 7 years tax-free status during the
mining phase.

B. ARGENTINA

Oromin has a 67.52% interest in an oil prospect in
Mendoza Province, Argentina. In early July, a drill
rig was brought to the site and drilling commenced
in mid July. The shares of Oromin moved up from
the $0.90 level to reach $1.40 during the month in
anticipation of success. At the end of July, Oromin
announced that it had not encountered any
hydrocarbons in the hole. The abandonment of the
hole led to the share price returning to the $0.90
level.

COMMENT: The Company is re-evaluating the
prospect to decide whether or not to proceed
further. Should more drilling be attempted the
shares could again respond positively. However, it
would seem that the market is only paying for
Sabodala, making Santa Rosa a possible bonus.

Oromin Explorations Ltd. eResearch StockPotentials
_____________________________________________________________________________________
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CORPORATE INFORMATION
SHARE STRUCTURE
Oromin Explorations Ltd.
Common O/S 94,639,035 Suite 2000, Guinness Tower
Warrants 4,100,000 1055 West Hastings Street
Options 9,470,000 Vancouver, B.C.
Fully Diluted 108,209,035 V6E 2E9

Management owns 11.417 million shares, or 12.1%. Oromin’s website hosts a Corporate Video and a
Corporate Presentation. These may be accessed at:
IAMGOLD owns 16.089 million shares, or 17.0%

http://www.oromin.com/s/Presentations.asp

DIRECTORS AND OFFICERS
Information on the Sabodala project in Senegal is at:

http://www.oromin.com/s/Senegal_Sabodala.asp

Chet Idziszek – Chairman, President, CEO and Director

Ian Brown – Chief Financial Officer
Information on the Santa Rosa project in Argentina is
at:
David Mallo – Vice-President Exploration (Minerals)
James G. Stewart – Secretary/Corporate Counsel/Director

http://www.oromin.com/s/Santa_Rosa_Dome.asp?Re

portID=316202
Derek Bartlett – Director
Robert S. Brennan – Director

Nell M. Dravogan – Director

Robert Sibthorpe – Director
SEDAR
Douglas S. Turnbull – Director

Phil E. Pearce – Advisor
News announcements, press releases, and financial
reporting on Oromin can be found on SEDAR:

http://www.sedar.com/DisplayCompanyDocuments.d

o?lang=EN&issuerNo=00005241

The long awaited PF due around august 40th LOL..is an all encompassing report dealing with not only the drill results and modeling but also including economics and mineralogy. The number of ounces converted to reserve may not be any surprise to us but a junior co with reserves is a BIG deal .. the majors will be able to look at the document and make their own judgment on blue sky and start formulating a strategy for the buyout. once again the number of ounces may not take anyone by surprise (around here anyway) .. but the PF is a BIG deal to insiders and in the industry.

cheers

caliche