Oromin Explorations Ltd.
OTC Bulletin Board : OLEPF
TSX : OLE

Oromin Explorations Ltd.

June 19, 2009 14:45 ET

Oromin Explorations Ltd. Announces Closing of Private Placement of Common Shares for Gross Proceeds of C$20,000,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2009) - Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF) -

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

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE 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, OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

Oromin Explorations Ltd. (the "Company") announces that it has completed its previously announced brokered private placement financing for gross proceeds of $20,000,000. The private placement consisted of the issuance of 28,571,429 common shares ("Shares") of the Company at a price of $0.70 per Share. The offering was completed by a selling group which was led by Toll Cross Securities Inc. and which included Arbuthnot Securities Limited, Dahlman Rose & Company, LLC and Research Capital Corporation (together, the "Agents"). The Agents received a cash commission of $1.26 million.

The Shares issued pursuant to the private placement are subject to a four-month hold period that expires on October 20th, 2009.

The net proceeds will be used primarily for the Company's Sabodala gold project in Senegal as well as for general working capital and for its Santa Rosa Dome oil and gas project in Argentina.

To find out more about Oromin Explorations Ltd. (TSX:OLE)(OTCBB:OLEPF), please visit www.oromin.com.

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

Chet Idziszek, President

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