OROMIN Suite 2000, Guinness Tower, 1055 West Hastings Street, Vancouver, B.C.
Canada V6E 2E9
EXPLORATIONS LTD.
Tel: (604) 331-8772 Toll-free (877) 529-8475
Fax: (604) 331-8773 E-mail:
December 15, 2008 Trading Symbol: TSX Venture - OLE
OTC/BB - OLEPF
Web Site: www.oromin.com
OROMIN TO COMMENCE TRADING ON
TORONTO STOCK EXCHANGE
Oromin Explorations Ltd.
("Oromin" or the "Company") is pleased to announce that its common shares will
commence trading on the Toronto Stock Exchange (TSX) at market open on Tuesday, December 16, 2008.
The
Company"s stock symbol will remain "OLE".
Oromin is a well-funded and aggressive exploration company, led by management with an excellent track record
of discovering, advancing and developing gold projects.
Chet Idziszek, President and CEO, stated, "Attaining this listing for Oromin on Canada"s senior stock exchange
marks another important milestone we"ve achieved in 2008.
This will provide a higher profile, which we believe
is warranted based on the extreme success we have at our Sabodala Gold Project in Senegal, West Africa.
Since
filing our initial resource estimate in July, aggressive drilling on several targets comprising the three gold deposits
included in the resource estimate (1.4 million ounces) and the discovery of a new high grade gold deposit at
Kerekounda, has continued to provide important and gratifying gold results.
The Company expects updates to the
initial resource estimate in the first and second quarters of 2009 with the results of the Pre-Feasibility Study by
the end of the third quarter.
"In addition, we are making steady progress towards drilling at least two test wells at the Santa Rosa oil and gas
project in Mendoza, Argentina.
This wildcat test is scheduled for the first or second quarter of 2009."
"Oromin and its project partners are poised for a very active and exciting series of programs throughout 2009.
Again, I emphasize the higher profile for the Company that its listing on the TSX will bring, and invite the
investment community to become familiar with and follow our story."
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
Chet Idziszek, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY AND ACCURACY OF THIS RELEASE
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 oil & gas exploration, price volatility in the commodities we seek, and operational and political risks.
