|July 29, 2008|
Shareholders Ratify Shareholder Rights Plan
|Oromin Explorations Ltd. (TSX-V:OLE; OTC/BB-OLEPF) is pleased to report that its shareholders approved the Shareholder Rights Plan announced June 27, 2008 with a unanimous vote at Oromin's annual and special meeting held this morning. The Company's shareholders also re-elected Derek Bartlett, Robert Brennan, Nell Dragovan, Chet Idziszek, Robert Sibthorpe, J.G. Stewart and Douglas Turnbull as directors of the Company. Dr. Norman E. Haimila did not stand for re-election, but remains as Advisor to the Board and a key petroleum exploration consultant for Oromin. At a directors meeting immediately following the annual and special meeting, the directors reappointed Chet Idziszek as President and Chief Executive Officer, Ian D. Brown as Chief Financial Officer, David W. Mallo as Vice President of Exploration and J.G. Stewart as Secretary. Derek Bartlett, Robert Sibthorpe and Douglas Turnbull were appointed to serve as Oromin's audit committee.|
Oromin is also pleased to report that it has now filed on SEDAR its audited financial statements and management discussion and analysis for the fiscal year ended February 29, 2008.
To find out more about Oromin Explorations Ltd. (TSX-V:OLE; OTC/BB-OLEPF), please visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
Chet Idziszek, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY AND ACCURACY OF THIS RELEASE
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 exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements.
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