Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

March 01, 2007 09:00 ET

Oro Gold Outlines 3 New Gold Anomalies at Sona, Panama; Reports 10.74 g/t Au Over 3 Meters

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2007) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) has released exploration results from reconnaissance sampling and mapping at its 100% owned, 90 km2 "Sona" gold project located approximately 220 km southwest of Panama City, Panama.

Three new gold anomalies were identified through mapping, rock chip and ridge-line soil sampling, following stream sediment sampling of 90 drainage basins covering approximately 50 km2.

"We are very excited with our initial results at Sona, and it is to the credit of our experienced exploration team that we have managed to deliver positive results in a short period of time. Our focus is to continue developing drill targets," commented Frank Powell, President of Oro Gold de Panama.

90 drainage basins sampled during the program represent 55% of the property area. 15 of these basins covering 5 km2 are considered highly anomalous in gold, returning stream sediment sample results from 0.10 g/t to 2.14 g/t Au.

In addition to the stream sediment sampling program, the drainage basins were systematically panned for the presence of gold. Results indicate 42 of the 90 basins showed visible gold in panned concentrates confirming the widespread distribution of gold on the property.

Anomaly #1 is a 150 by 350 meter quartz-magnetite-hematite stockwork zone. Of 46 rock samples collected, more than half exceeded 1.0 g/t Au (refer to table below). Two roughly perpendicular composite channel samples were taken, with the first returning 1.72 g/t Au over 14 meters, open in one direction, and the second returning 1.39 g/t Au over 11 meters, open in both directions. The highest assay was 5.07 g/t Au.

Anomaly #2 is a quartz-hematite stockwork vein zone exceeding 200 m by 400 m. 15 rock chip samples were collected, with 9 returning between 0.10 g/t and 2.15 g/t Au. Of 19 soil samples taken, 10 returned between 0.10 g/t and 0.68 g/t Au.

Anomaly #3 is principally a magnetite vein zone up to 10 meters wide, with a potential strike of more than 750 metres. The vein is partially exposed over 80 meters of strike. The best of 4 rock samples taken returned 10.74 g/t Au over 3 meters (true width), open across strike. Follow-up work will define the extent of the vein, and evaluate the cross-strike potential for additional veins.



Anomaly #1
Results of All Rock Samples

------------------------------------------------------
Sample Type of Sample Width Au Cu
Number (m) (g/t) (ppm)
------------------------------------------------------
3288 Grab/Select 3 5.07 pending
------------------------------------------------------
143 Channel 3 4.86 1730
------------------------------------------------------
128 Channel 3 4.73 2137
------------------------------------------------------
149 Channel 3 3.60 2668
------------------------------------------------------
144 Channel 3 3.52 604
------------------------------------------------------
3289 Grab 0 3.45 pending
------------------------------------------------------
150 Channel 3 3.37 1888
------------------------------------------------------
3290 Grab 0 3.25 pending
------------------------------------------------------
137 Channel 3 2.96 2496
------------------------------------------------------
3291 Grab/Select 3 2.43 pending
------------------------------------------------------
142 Channel 3 2.27 2582
------------------------------------------------------
156 Channel 3 2.17 1463
------------------------------------------------------
136 Channel 3 2.15 2191
------------------------------------------------------
129 Channel 3 1.85 748
------------------------------------------------------
135 Channel 3 1.81 2103
------------------------------------------------------
126 Channel 3 1.64 4481
------------------------------------------------------
141 Channel 3 1.57 2195
------------------------------------------------------
3230 Grab/Select 3 1.57 3481
------------------------------------------------------
145 Channel 3 1.48 306
------------------------------------------------------
3232 Grab/Select 1 1.40 1214
------------------------------------------------------
151 Channel 3 1.40 1082
------------------------------------------------------
3296 Grab/Select 3 1.26 pending
------------------------------------------------------
3231 Grab/Select 4 1.09 944
------------------------------------------------------
152 Channel 2 1.04 1354
------------------------------------------------------
155 Channel 3 0.99 1129
------------------------------------------------------
134 Channel 3 0.96 383
------------------------------------------------------
3295 Grab 0 0.93 pending
------------------------------------------------------
3292 Grab/Select 3 0.79 pending
------------------------------------------------------
138 Channel 3 0.74 1139
------------------------------------------------------
133 Channel 3 0.52 1056
------------------------------------------------------
3233 Grab/Select 2 0.51 1234
------------------------------------------------------
3293 Grab/Select 3 0.45 pending
------------------------------------------------------
139 Channel 3 0.41 1184
------------------------------------------------------
131 Channel 3 0.36 1006
------------------------------------------------------
124 Channel 3 0.33 1298
------------------------------------------------------
147 Channel 3 0.31 664
------------------------------------------------------
127 Channel 2 0.29 831
------------------------------------------------------
148 Channel 3 0.25 423
------------------------------------------------------
3229 Grab/Select 1 0.21 3777
------------------------------------------------------
140 Channel 3 0.20 578
------------------------------------------------------
125 Channel 3 0.12 371
------------------------------------------------------
130 Channel 3 0.10 157
------------------------------------------------------
146 Channel 3 0.10 221
------------------------------------------------------
122 Channel 3 0.09 630
------------------------------------------------------
123 Channel 3 0.06 786
------------------------------------------------------
121 Channel 3 -0.01 510
------------------------------------------------------


Sona has been intermittently exploited by artisanal placer gold operations since Spanish colonial times. In the 1990's, Cyprus Minerals conducted stream sediment, soil and rock sampling on Sona. This work defined a 200 m by 300 m gold anomaly in soils, with assays up to 4.40 g/t Au. Oro Gold's work has confirmed the soil anomaly, with rock chip results up to 4.05 g/t Au. All three new anomalies are located outside the soil anomaly identified by Cyprus.

Mapping shows the property is underlain by granodiorite to monzonite intrusive rocks with andesite flows and tuffs. Gold is associated with stockwork quartz, magnetite and pyrite veining.

Oro Gold is currently expanding its target areas at Sona, developing drill targets, and identifying additional targets on the property through mapping, sampling, and ground geophysics.

Oro Gold maintains a quality control program commensurate with a reconnaissance sampling program. All samples were shipped to Inspectorate Laboratory in Reno, Nevada, USA and Acme Analytical Laboratories Ltd. in Vancouver, B.C. Analyses were completed by multi-element ICP and by fire assay with atomic absorption finish. The exploration program and sampling protocol has been reviewed and verified by William Threlkeld, a registered professional geologist and a qualified person as defined by National Instrument 43-101, and has reviewed the content of this press release.

About Oro Gold in Panama

- recently granted title to 6 properties covering 750 km2

- generative activity will continue to play an integral part of the Company's growth

- 2007 goal will be to develop and prioritize drill targets

- JV strategy is also contemplated to share the risk in advancing properties

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.

Contact Information