Oro Gold Resources Ltd.

Oro Gold Resources Ltd.

August 28, 2006 09:00 ET

Oro Gold Signs Drill Contract for Rosario Gold Belt Portfolio

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 28, 2006) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) has secured a dedicated drill rig in preparation for drilling on the Company's flagship 950 km2 Rosario Gold Belt property portfolio, located in southern Sinaloa, Mexico.

The 5,000 metre diamond drill contract, made with BDW International Drilling Inc., guarantees the availability of a drill rig and crew for the remainder of 2006 and 2007. During this time, Oro Gold plans to drill at least two properties within the Rosario Gold Belt portfolio, including the San Isidro and Trinidad projects. The Company has spent the past 8 months developing and advancing multiple targets in this prospective district. New technical information, including drill target maps can be obtained on the Company's website www.orogoldresources.com.

"With the shortage of drill rigs and operators, securing contracts is becoming an increasingly important aspect of any exploration plan," stated Darren Bahrey, Oro Gold's President and CEO: "This arrangement gives us the time and flexibility to conduct drilling on any of our properties through the remainder of 2006 and into 2007."

The Company is currently securing drill permits and land access rights for its 69 km2 San Isidro gold-silver low-sulphidation epithermal vein property located 10 km west of the historic multi-million ounce past producing Rosario mine, where it will first mobilize the rig. The property has received no prior drilling. A minimum of 5 holes are planned to follow up on strong geochemical anomalies encountered by Oro Gold on the 600 metre by 1,000 metre main zone.

Oro Gold continues to advance its other properties located in Mexico, and generate new opportunities elsewhere in Mexico and Central America.

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.

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