Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

May 15, 2006 07:49 ET

Oro Gold Granted Eligibility Status for Panama Properties; New Appointment to Exploration Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 15, 2006) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) is pleased to announce that its application for mineral title to 6 properties in Panama covering over 750 km2 has been granted eligibility status. The Company has added to its exploration team with the appointment of Frank Powell as President of Oro Gold de Panama S.A., a wholly owned subsidiary of Oro Gold Resources Ltd.

Panama's Ministry of Commerce and Industry has declared eligible Oro Gold's concession applications, previously announced on October 27, 2005. This declaration of eligibility represents the final step prior to granting of mineral title. The granting of title is expected within the next two months, at which point the Company intends to increase its regional exploration activity and potentially engage a suitable joint venture partner to advance select properties.

Oro Gold has increased its technical and managerial strength with the addition of Frank Powell. Frank will be applying the experience he has gained from Placer Dome over the last 17 years, to oversee exploration and generative activities in Panama for Oro Gold. During Frank's tenure with Placer Dome, he excelled in a number of leadership roles advancing projects located in South America, Africa, Canada and the USA. In his most recent role as Exploration Manager Africa, he was instrumental in acquiring and advancing a +15 million ounce platinum deposit in South Africa. In Venezuela, Frank played a major role in advancing the +10 million ounce gold deposit, Las Cristinas, through to bankable feasibility. Frank is fluent in Spanish and brings a wealth of experience in all aspects of exploration from generating, negotiating and managing projects, to corporate and government relations.

Eric Grill, Oro Gold's VP Exploration stated: "We are very excited to ramp up our efforts in Panama, and receiving eligibility status is a very important step towards that goal. We are also thrilled to have Frank join our team; his expertise and his contacts will be a huge help in advancing our targets as well as generating new opportunities for Oro Gold."

ON BEHALF OF THE BOARD OF DIRECTORS

Darren Bahrey

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. Oro Gold disclaims any intention or obligation to revise or update such statements.

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

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