Oromin Explorations Ltd.

Oromin Explorations Ltd.

March 02, 2005 16:48 ET

Oromin Explorations Ltd.: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: OROMIN EXPLORATIONS LTD.

TSX VENTURE SYMBOL: OLE

MARCH 2, 2005 - 16:48 ET

Oromin Explorations Ltd.: News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2005) - Oromin
Explorations Ltd. (TSX VENTURE:OLE)

Chet Idziszek, President of Oromin Explorations Ltd. ("Oromin") reports
that he has acquired 1,081,818 common shares of Oromin pursuant to the
exercise of non-transferable share purchase warrants he owned at $0.18
per share, which were due to expire on April 1, 2005.

Pursuant to Section 111 of the Securities Act (British Columbia), with
this acquisition, Chet Idziszek's interest in Oromin's capital stock is
26.4%. For the purposes of Section 95 of the Securities Act (British
Columbia) and assuming the exercise of all stock options owned by him,
his holdings represent 28.3% of the issued and outstanding shares in the
capital stock of Oromin.

Chet Idziszek, President

OROMIN EXPLORATIONS LTD.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Oromin Explorations Ltd.
    David Scott
    Investor Relations
    (604) 331-8772
    (604) 331-8773 (FAX)
    dscott@mine-tech.com
    www.oromin.com
    No stock exchange has approved or disapproved the information contained
    herein.