Orestone Mining Corp.
TSX VENTURE : ORS

Orestone Mining Corp.

September 13, 2011 09:00 ET

Orestone Completes Shares for Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) -

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

Orestone Mining Corp. (TSX VENTURE:ORS) ("The Company") announces that it has issued a total of 5,244,400 common shares of the Company at a deemed issue price of $0.05 per share to certain creditors of the Company in settlement for certain debts owed by the Company in the total amount of $262,220 (the "Shares for Debt Settlement"). The Shares for Debt Settlement was completed in connection with the Company's reorganization which was previously announced on June 21, 2011

The common shares issued pursuant to the Shares for Debt Settlement are subject to a hold period that expires on December 31, 2011.

The securities of the Company and the common shares issued pursuant to the Shares for Debt Settlement have not and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.

Orestone Mining Corp. is a Vancouver, Canada based company managed by mining industry professionals. The Company controls a portfolio of gold and gold-copper exploration projects totaling more than 700 square kilometers in British Columbia. Visit the Company's website at: www.orestone.ca

ON BEHALF OF ORESTONE MINING CORP.

David Hottman, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Orestone Mining Corp.
    Mr. Mehran Bagherzadeh
    604-629-1929
    604-629-1930 (FAX)
    www.orestone.ca