SOURCE: Oriental Minerals Inc.

December 06, 2006 18:03 ET

Oriental Minerals Grants Incentive Stock Options

VANCOUVER, BC -- (MARKET WIRE) -- December 6, 2006 -- Oriental Minerals Inc. (TSX-V: OTL) (the "Company") announces that subject to TSX Venture Exchange approval, it has granted 350,000 stock options to directors, officers, employees and consultants. The options are set for a period of five years and will allow the holder to purchase a share in the Company at a price of CDN. $1.46. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.

On behalf of the Board of Directors,

Malcolm Stevens,
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

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