|October 19, 2009|
Oromin Continues Strategic Planning For Development At Sabodala
|Oromin Explorations Ltd. ("Oromin") reports that concurrently with engineering optimization studies and ongoing exploration, it is continuing with strategic planning for the development of the Sabodala property. As a part of this planning process, Oromin is presently interviewing financial advisors to assist it with its funding obligations as part of Oromin Joint Venture Group Limited ("OJVG").|
Oromin and its partners in OJVG have applied to the Government of Sénégal for a mining licence at Sabodala and OJVG is committed to advancing the development of Sabodala in the shortest practical time frame.
The Sabodala gold district hosts greater than 10 million ounces of resources, including OJVG's global mineral inventory of almost 3 million ounces, and has significant potential for expansion.
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
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 public markets, 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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