Oro Gold Resources Ltd.

Oro Gold Resources Ltd.

March 24, 2006 15:10 ET

Oro Gold Increases Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2006) -


Oro Gold Resources Ltd. (the "Company") (TSX VENTURE:OGR) has increased its previously announced $2,160,000 brokered private placement (see Oro Gold news release dated March 6, 2006) to $2,520,000, subject to regulatory approval.

Under the increased financing, the Company will issue up to 3,500,000 units on the same terms as previously announced. Each unit will be priced at $0.72 and will consist of one common share and one-half of one common share purchase warrant, each whole warrant entitling the holder to purchase one additional common share of the Company at a price of $1.00 per share for the first year and $1.25 per share for the second year after the date of issuance.

This press release does not constitute an offer to sell or solicitation of an offer to sell 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 (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.

The net proceeds from the private placement will be used to advance the exploration of the five 100% owned properties located in the Rosario gold-silver historic mine district, in the State of Sinaloa, Mexico, and for working capital purposes.


Darren Bahrey, President and Director

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. The Company 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.

Contact Information