Fortbridge Media Release

Orinoco Gold Ltd. [ASX:OGX] - Orinoco teams up with Cleveland Mining to fast-track production at Cascavel Gold Project

Orinoco Gold Limited (ASX: OGX) is pleased to announce that it has secured a pathway to near-term production and cash flow, as well as a cash injection to accelerate its exploration activities in central Brazil, following a landmark contract-mining agreement with Cleveland Mining Company (ASX: CDG).

Highlights:

* Strategic Alliance with experienced Brazilian miner Cleveland Mining Company (ASX: CDG) to fast-track development of OGX�s high-grade Cascavel Gold Project including contemplated open pit development under a contract-mining arrangement.

* Cleveland to plan, fund and assist Orinoco to mine Cascavel with the potential to commence near-term operations utilising OGX�s existing underground licence with a plan to be developed for subsequent open pit operations following a request to modify OGX�s existing extraction licence.

* Ore to be treated at Cleveland�s Premier Gold Mine, located in the same region, with mining targeted to commence in Q4 2014. Profits to be distributed on a 50/50 basis.

* Agreement secures the near-term development of Cascavel with investment from Cleveland, enabling the Company to focus on value-adding exploration activities within its broader Faina Goldfields Project.

* Orinoco has received firm commitments for a placement of 1M dollars to existing shareholders and has secured a 2M dollars controlled placement agreement with Acuity Capital.

* Orinoco to use the funds for planned resource development drilling at its newly acquired Sert�o gold mine, located 28km from Cascavel, as well as ongoing exploration at its highly prospective Tinteiro IOCG exploration target (where drilling is currently underway).

The agreement encompasses a strategic alliance to fast-track development of the 70 per cent-owned Cascavel Gold Project predominantly as an open pit mining operation capped at 50,000 tonnes of ore, with ore to be crushed on site and processed at Cleveland�s operating Premier Gold Mine and profits to be distributed on a 50/50 basis.

To view the full announcement please refer to the attachment.

For further information please contact:

Mark Papendieck
Managing Director
08 9463 3241

For media and investor inquiries, please contact:

Fortbridge Consulting: + 612 9003 0477

Fortbridge / Sydney
Bill Kemmery
Tel: +61 400 122 449
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