Oromin Explorations Ltd.
OTC Bulletin Board : OLEPF

Oromin Explorations Ltd.

May 05, 2008 09:01 ET

Retransmission: Oromin Explorations Ltd.; Official Decree Authorizes Santa Rosa Oil Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2008) - Oromin Explorations Ltd. (TSX VENTURE:OLE)(OTCBB:OLEPF) is pleased to report that the exploration rights for its Santa Rosa oil and gas project in the Province of Mendoza, Argentina have now been formally authorized. The Government of Mendoza has issued Decree # 1018/2008. This decree grants Oromin's Argentina subsidiary the Permit to Explore and eventually a Concession to Exploit hydrocarbons in the CC y B-9 (Cuenca Cuyana & Bolsones 9) Santa Rosa Block.

Receipt of this formal decree now clears the way for the Company commencing exploration for petroleum on the Santa Rosa Block. The Santa Rosa Block has an area of 7,694 square kilometres with approximately 300 square kilometres being the area of greatest exploration interest. It covers a large, untested, shallow dome structure (less than 1,200 metres target depth) that is defined by four surrounding seismic lines on a regional grid. The Santa Rosa Block is located within the Cuyana Basin which has produced over 940 million barrels of oil and has an established infrastructure of pipelines, a refinery and an experienced oil industry work force. Preparation of a 51-101 report on the Santa Rosa Block by an independent consultant is now underway.

Otto Energy Limited has a Letter of Intent with the Company which enables it to earn up to a 41.24% working interest by the expenditure of up to US$2,297,381.

Norman Haimila, Ph.D, director and VP Explorations-Petroleum, is the Company's "qualified evaluator" for the purposes of National Instrument 51-101 and has verified the data disclosed in this news release. Dr. Haimila is a member of A.I.P.G. and A.A.P.G.

To find out more about Oromin Explorations Ltd., visit www.oromin.com.

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.

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

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