Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

August 13, 2008 09:30 ET

Oro Gold Announces New Officers and Grants Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2008) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) is pleased to announce the recruitment of two new officers who will fulfill a role in corporate functions required to meet the company's long-term growth strategy. Larry Okada will be the new Chief Financial Officer and Mimy Fernandez-Maldonado will be the Corporate Secretary for Oro Gold.

Larry Okada is a Chartered Accountant in British Columbia and Alberta as well as a Certified Public Accountant in Washington State. He has been in public practice with Deloitte, his own firm and PricewaterhouseCoopers for over 35 years. A large number of his clients have been public mining companies listed on the TSX-V exchange. He also sits on various committees with the Institute of Chartered Accountants of British Columbia.

Mimy Fernandez-Maldonado has over ten years corporate and management experience in public companies and has most recently worked in the mining industry. Prior to joining Oro Gold, she was the Corporate Secretary of seven publicly traded mining and oil & gas companies. She is a member of the Canadian Society of Corporate Secretaries and is fluent in Spanish.

Oro Gold has granted an aggregate of 896,000 incentive stock options, subject to regulatory approvals. 650,000 of the options were granted to directors and officers of Oro Gold. The options are exercisable for common shares of Oro Gold at a price of $0.55 per share for a period of five years.

About Oro Gold

Oro Gold is a gold exploration company with 12 properties located in Mexico and Panama, with five of the properties optioned to joint venture partners. The district-scale Trinidad property continues to be the company's top priority project and the main focus of exploration and resource definition efforts. Ongoing generative activity and a joint venture strategy will continue to be a fundamental part of Oro Gold's growth. Oro Gold's mission is to build shareholder value by making discoveries and developing low-cost gold resources through early and advanced stage exploration.

ON BEHALF OF THE BOARD OF DIRECTORS

Darren Bahrey, President and CEO

Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the time and success of future exploration, development and production activities and the timing and amount of expenditures.

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

Contact Information

  • Oro Gold Resources Ltd.
    Darren Bahrey
    President and CEO
    (604) 646-1580
    (604) 642-2411 (FAX)
    Website: www.orogoldresources.com