Oromin Explorations Ltd.
OTC Bulletin Board : OLEPF

Oromin Explorations Ltd.

May 14, 2008 18:06 ET

Oromin Explorations Ltd.: Update on SRK Resource Study and Santa Rosa Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Oromin Explorations Ltd. ("Oromin") (TSX VENTURE:OLE)(OTCBB:OLEPF) has been informed by SRK Consulting (Canada) ("SRK") that due to continuing industry-wide delays and data backlog, the resource study results for the Sabodala Gold Project in Senegal, West Africa, previously scheduled for the end of May will now be completed by the end of June. For example, in excess of 100 drill holes have been drilled at the Masato deposit and publicly released since the original cut-off for the Masato mineral resource estimation, and this Masato data still requires input into the SRK study. These drill holes will contribute significantly to the current definition of the Masato deposit. SRK is undertaking a NI 43-101 compliant inferred mineral resource estimate including preliminary metallurgical test results for three of the gold deposits at Sabodala - Golouma South, Golouma West and Masato. Oromin is the operator of the Sabodala Gold Project, held by Oromin Joint Venture Group Limited.

Oromin is continuing extension drilling on all three deposits - both along trend and to depth. In addition, we have started initial drill testing of numerous other significant targets. Drilling has begun on the Goumbati and Sabodala North targets, and will begin at the Sekoto target by May 18th, followed by the Niakafiri and Maki Medina targets.

At Oromin's 100% owned Santa Rosa oil prospect in Argentina, the company is formulating a detailed exploration program focused on its 220 km2 shallow dome structure. This prospect is located within a large 7,694 km2 concession in the oil prolific Cuyana Basin in the Province of Mendoza. Oromin acquired the final permit to proceed with exploration and development on May 2nd. The plan is to start drilling as soon as practical within the next 12 months. Otto Energy Limited has an option to earn up to 41.24% interest in the property by expending US$2,297,381.

In addition, Oromin announces that it has granted stock options to consultants, directors and officers entitling the purchase of up to 250,000 shares of Oromin under its Stock Option Plan. The options are exercisable at a price of $3.00 per share until May 14, 2013. The grant of these options is subject to regulatory approval.

To find out more about Oromin Explorations Ltd., visit www.oromin.com. Please refer to the maps which set out the Sabodala deposits and zones under "investor info/articles and reports" on the website, and our previous news releases, for additional project information.

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

Chet Idziszek, President

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral and hydrocarbon exploration, price volatility in the commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.

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

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