Oro Gold Resources Ltd.
TSX VENTURE : OGR

Oro Gold Resources Ltd.

May 15, 2008 09:30 ET

Preliminary Model Results Indicate an Increase Coming for Oro Gold's Resource Estimate at Trinidad

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Oro Gold Resources Ltd. ("Oro Gold") (TSX VENTURE:OGR) is pleased to report that from the 8,300 metres of drilling recently completed at its 100-per-cent-owned Trinidad property, the current inferred resource estimate of 91,915 ounces gold (1,624,400 tonnes at 1.76 g/t gold) is expected to rise significantly. The drill results added to the new resource model demonstrate a significant increase in the gold resource. The results of this resource estimate will be released this summer upon completion of data verification and validation.

To review the pertinent drill hole results please see previously reported press releases dated March 17th, "Oro Gold drills 78 metres of 1.45 g/t gold; confirms significant new gold zone at Trinidad, Mexico" and March 3rd, "Oro Gold drills new gold zones at Trinidad: Intersects 3.3 g/t Au over 30 metres", which can be found on our web site at www.orogoldresources.com.

The discovery of a new zone at depth in the Colinas target area, located approximately 1 km south of the pit is very exciting as it implies that this is a potentially large system not previously identified.

Oro Gold is hiring an independent qualified person as designated by National Instrument 43-101, in order to review and report the upcoming resource estimate.

Meanwhile, Oro Gold plans to begin a 5,000 m drill program in June, which is designed to increase the resource further and test some other potential targets in the areas of interest.

The exploration program and sampling protocol at Trinidad has been under the direction of Frank Powell, Oro Gold's Vice President. Marc Jutras, M.A.Sc., P.Eng., a qualified person as designated by National Instrument 43-101, reviewed the technical content of this news release.

About Oro Gold

Oro Gold is a gold exploration company with 12 properties located in Mexico and Panama, with 5 of the properties optioned to joint venture partners. The district-scale Trinidad property continues to be the company's top priority project and the main focus of exploration and resource definition efforts. Ongoing generative activity and a joint venture strategy will continue to be a fundamental part of Oro Gold's growth. The company's mission is to build shareholder value by making discoveries and developing low-cost gold resources through early and advanced stage exploration.

ON BEHALF OF THE BOARD OF DIRECTORS

Darren Bahrey, President and CEO

Some statements in this release may contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the time and success of future exploration, development and production activities and the timing and amount of expenditures.

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

Contact Information

  • Oro Gold Resources Ltd.
    Darren Bahrey
    President and CEO
    (604) 646-1580
    (604) 642-2411 (FAX)
    Website: www.orogoldresources.com