Oromin Exploration’s OJVG project at 3.17 million oz
Ticker Symbol: C:OLE

Oromin Exploration’s OJVG project at 3.17 million oz

Oromin Explorations Ltd (2) (C:OLE)
Shares Issued 124,596,385
Last Close 9/21/2010 $1.37
Wednesday September 22 2010 – News Release

Mr. Chet Idziszek reports

OROMIN EXPLORATIONS LTD.: RESOURCE INCREASE, NEW DRILLING RESULTS, HIGHER GRADE MASATO UNDERGROUND POTENTIAL, AND TWO NEW DISCOVERIES ENHANCE POTENTIAL OF THE OJVG GOLD PROJECT

Oromin Explorations Ltd., on behalf of Oromin Joint Venture Group Ltd., has made several separate positive developments from current and continuing work on the OJVG gold project in eastern Senegal, West Africa. Earlier this year, the government of Senegal granted OJVG a 15 year renewable mining license, paving the way for construction to begin in 2011 and plant commissioning by Q4 in 2012. Total Measured and Indicated Resources are now 3.17 million ounces gold, up 45% from a year ago, and Inferred Resources are now 0.33 million ounces gold.

New drilling results and Masato underground mining possibility confirm significant additional expansion potential of resources and reserves.

Golouma Style deposits drilling Highlights:
8.26 g/t gold over 11 metres at Golouma South
4.15 g/t gold over 12 metres at Golouma South
11.18 g/t gold over 7 metres at Kourouloulou
49.82 g/t gold over 7 metres at Kourouloulou
8.02 g/t gold over 11 metres at Kerekounda
10.19 g/t gold over 3 metres at Kerekounda
Masato Style deposits drilling Highlights:
1.26 g/t gold over 21 metres at Niakafiri SE
2.32 g/t gold over 9 metres at Kobokoto
1.59 g/t gold over 12 metres at Kobokoto
0.87 g/t gold over 63 metres at Kobokoto
3.62 g/t gold over 13 metres at Koutouniokollo – New discovery
2.40 g/t gold over 10 metres at Kinemba — New discovery
Chet Idziszek, President and CEO, stated:

“We believe the OJVG Gold Project has extraordinary potential for resource growth in the months and years ahead,” continued Mr. Idziszek. “In addition to the nine known gold deposits and two new bulk tonnage discoveries, all of which remain open for expansion, there is unrealized higher grade underground potential at Masato. Also, the project contains numerous exploration targets that warrant drilling to assess their potential. The items set out in today’s announcement provide wide-ranging and consistent support for these beliefs. Our work is ongoing on all these fronts, and we expect to continue an abundant flow of information from the OJVG Gold Project throughout the months to come.”

“A further comprehensive project update utilizing information obtained to year-end 2010 will be based on optimized engineering studies and drilling designed to expand and upgrade resources and reserves. It will include aggressive drilling that will focus on expanding high grade underground potential at the Golouma deposits and at Masato as well, in addition to evaluating heap leach mining potential for lower grade material. Value engineering studies that are examining opportunities to further improve recoveries and reduce capital costs are also ongoing. The estimated budget for this full program to mid 2011 exceeds $30 million.”

Resource Increase

OJVG has now received the full resource update completed by DRA Americas Inc. (“DRA”) for the Niakafiri Southeast deposit and the initial resource estimate at the Niakafiri Southwest and Kobokoto deposits (these results were not available at the time of the July 15th announcement of the resource update for Masato and the Golouma deposits). DRA’s resource update shows a supplementary increase from 142,400 inferred ounces to 307,242 ounces of indicated resources and 56,651 ounces of inferred resources for these three deposits.

In summary, as shown on the following table, OJVG’s total measured and indicated project resources exceed 3.166 million ounces of gold – a 45% increase from the July 2009 estimate. In addition, the inferred resources total 328,000 ounces of gold.

—————————————————————————
MINERAL RESOURCE TABLE – SEPTEMBER 2010
—————————————————————————
Combined Masato Style Bulk Tonnage & Golouma Style Higher Grade Deposits
(0.4 g/t gold cut-off grade for open pit and 1.0 g/t gold cut-off grade for
underground)
—————————————————————————
Gold Grade Contained Gold
Deposit Type Category Tonnes (‘000’s) (g/t) (ozs)
—————————————————————————
Golouma Style Indicated 10,533 3.59 1,218,100
Inferred 1,116 4.15 148,900
—————————————————————————

—————————————————————————
Masato Style Measured 28,551 1.27 1,161,705
Indicated 25,917 1.02 786,229
Inferred 5,067 1.11 178,681
—————————————————————————

—————————————————————————
T O T A L Measured 28,551 1.27 1,161,705
Indicated 36,450 1.76 2,004,329
Measured & 65,001 1.58 3,166,034
Indicated
Inferred 6,183 1.66 327,581
—————————————————————————

Golouma Style Higher Grade Deposits

These include Golouma South, Golouma West, Kerekounda and Kourouloulou whose open pit and underground mineable reserves (estimated to an average 250-metre vertical depth) total 0.96 million ounces of gold grading 4.06 g/t which have been derived from the corresponding indicated resources totalling 1.22 million ounces of gold. These four deposits are located within a 3 x 2 kilometres cluster on the east flank of the northeast trending structural corridor that runs through the OJVG Project.

These mesothermal-style shear-hosted greenstone vein deposits are known to extend to considerable depths; for example; at the 50 million ounce Obuassi mine of AngloGold Ashanti resource drilling is testing underground potential (underground mining started in 1907) at a depth of 2.5 kilometres. As such, Oromin believes that the Golouma style deposits’ potential to extend to at least 1 kilometre in depth is not unreasonable and the extrapolated resource potential will be simply a multiple of what has been identified to date. The following table lists new drilling results down dip and below the confines of the calculated reserves and confirms strong, wide and high grade continuity of the deposits. Also see tables 2, 3 and 4 in Oromin’s July 15th 2010 press release for breakdown of mineable reserves.

—————————————————————————
Grid Gold
Drill Co- Azimuth/ From-To Interval Grade
Deposit Hole Ordinate Dip (m) (m) (g/t)
—————————————————————————
GOLOUMA SOUTH DH-519(i) 53175N/ 110/-60 262-273 11 8.26
814942E
incl.271-272 1 44.86
DH-523(i) 53175N/ 110/-67 275-280 5 5.55
814942E
DH-848 53200N/ 123/-61 257-269 12 4.15
814952E
incl.261-267 6 7.06
DH-854 53099N/ 110/-60 245-249 4 5.81
814960E
incl.248-249 1 13.60
278-280 2 8.52
349-350 1 199.7
—————————————————————————

—————————————————————————
KEREKOUNDA DH-849 54484N/ 055/-69 322-333 11 8.02
815298E
incl.327-332 5 13.85
370-373 3 7.08
DH-852 54518N/ 060/-62 336-344 8 3.99
815257E
incl.336-337 1 31.48
DH-855 54505N/ 060/-62 372-375 3 10.19
815199E
—————————————————————————

—————————————————————————
KOUROULOULOU DH-837 53475N/ 030/-65 275-282 7 49.82
815309E
incl.280-282 2 164.47
incl.281-282 1 287.8
DH-842 53466N/ 030/-65 84-85 1 69.24
815280E
DH-853 53530N/ 035/-70 197-204 7 11.18
815384E
incl.203-204 1 65.29
—————————————————————————
(i) Previously released but not included in the 2010 Feasibility Study.
Mineralized intervals are based on 1-metre samples utilizing 0.50 g/t gold
cut-off levels with a maximum internal dilution of 2 metres. The attitude
of mineralized intervals varies and reported mineralized intersections may
not represent true widths.
—————————————————————————

Masato Style Bulk Tonnage Deposits

These are comprised of five oxide-rich bulk tonnage deposits: Masato, Niakafiri Southeast and Niakafiri Southwest, Maki Medina and Kobokoto, of which only the Masato deposit was included in the 2010 Feasibility Study economic analysis. In addition, two new discoveries were recently confirmed at Kinemba and Koutouniokollo. All of these seven deposits, along with MDL’s Sabodala mine deposit, are located over a 13 kilometres extent on the west flank of the northeast trending structural corridor that runs through the OJVG project.

The Masato deposit is the largest on the OJVG Project. It extends over 1.8 kilometres and is comprised of 6 parallel zones, the largest being the 5100 zone and contains mineable reserves of 460,000 ounces of gold at 1.4 g/t within a shallow (125 metres deep) modelled open pit. However, as the measured and indicated resources total 1,640,692 ounces of gold plus an additional 31,148 ounces of inferred resource, only 28% of these resources have been included to date in the reserve pit. Extensive higher grade underground mining potential exists below the modelled pit as shown on the attached Masato 5100 zone long section. This potential mining opportunity was not evaluated in the 2010 Feasibility Study but is now the focus of drilling, the results of which will be included in the next resource and reserve update. These potential underground resources are also open to further expansion at depth. The following list of previously released drill results illustrates thick and high grade intervals located below the modelled Masato pit.

— 6.47 g/t gold over 23 metres — 5.70 g/t gold over 9 metres in
in RC-201 DH-335
— 2.18 g/t gold over 43 metres — 2.76 g/t gold over 10 metres
in RC-208 in DH-338
— 2.56 g/t gold over 9 metres in — 7.89 g/t gold over 7 metres in
DH-270 RC-384
— 3.60 g/t gold over 7 metres in — 3.32 g/t gold over 10 metres
DH-277 in RC-408
— 2.56 g/t gold over 28 metres — 3.21 g/t gold over 19 metres
in DH-279 in DH-439
— 6.92 g/t gold over 6 metres in — 7.22 g/t gold over 4 metres in
RC-295 RC-465
— 8.86 g/t gold over 25 metres — 5.24 g/t gold over 5 metres in
in DH-312 DH-736

Results from the other six Masato Style deposits, including the new discoveries at Koutouniokollo and Kinemba further enhance additional open pit resource potential which collectively may, with further drilling, prove larger than the current Masato open pit reserves. The Kinemba and Koutouniokollo discoveries are located two kilometres east and south of the Kobokoto deposit.

A significant portion of the bulk tonnage resources defined to date consist of soft oxide mineralization that allows for expanded mill throughput from 4,500 tonnes per day to 7,400 tonnes per day. In addition, this oxidized material has the potential for low cost heap leach processing, which is currently being evaluated by Ausenco Solutions Canada Inc. Heap leach testing at Masato returned gold recoveries at 82.7%. All six of these deposits are open to further expansion by drilling.

The following table lists new drilling results, all of which could add new resources to the current update.

—————————————————————————
Grid Gold
Drill Co- Azimuth/ From-To Interval Grade
Deposit Hole Ordinate Dip (m) (m) (g/t)
—————————————————————————
Niakafiri SE RC-790 56194N/ 105/-50 4-25 21 1.26
13359E
incl.11-15 4 2.33
55-62 7 1.22
—————————————————————————

—————————————————————————
Kobokoto RC-778 51530N/ 130/-50 17-24 7 1.86
10585E
RC-779 51556N/ 130/-50 53-56 3 1.34
10554E
RC-783(i) 51967N/ 130/-50 55-118+ 63+ 0.87
10860E
incl.61-70 9 1.48
RC-784(i) 51993N/ 130/-50 78-110+ 32+ 0.73
10829E
incl.96-103 7 1.05
RC-786 52023N/ 130/-50 79-83 4 1.21
10855E
RC-787 51998N/ 130/-50 56-66 10 1.28
10886E
RC-788 51881N/ 130/-50 44-56 12 1.59
10839E
incl.49-53 4 2.90
DH-836 51689N/ 130/-50 105-114 9 2.32
10860E
incl.108-110 2 8.61
DH-838 51993N/ 130/-50 47-52 5 1.59
10829E
—————————————————————————

—————————————————————————
Koutouniokollo DH-808 50671N/ 115/-50 63-71 8 1.97
812367E
incl.68-69 1 8.30
105-111 6 1.58
DH-811 50688N/ 115/-50 88-94 6 1.49
812382E
DH-813 50689N/ 115/-65 98-103 5 3.86
812382E
DH-820 50670N/ 115/-65 92-126 34 1.44
812351E
incl.92-95 3 2.90
and 120-126 6 3.07
DH-823 50703N/ 115/-50 5-19 14 3.29
812388E
incl.14-18 4 5.85
DH-827 50704N/ 115/-65 6-19 13 3.62
812387E
incl.7-8 1 16.82
DH-831 50671N/ 115/-65 127-134 7 1.41
812365E
DH-843 50715N/ 115/-65 33-34 1 54.46
812319E
—————————————————————————

—————————————————————————
Kinemba DH-795 49400N/ 090/-55 46-51 5 1.92
811430E
DH-803 49400N/ 090/-55 35-41 6 1.07
811300E
141-151 10 2.40
incl.142-144 2 7.29
DH-810 49440N/ 090/-55 16-21 5 1.73
811375E
42-49 7 1.64
—————————————————————————

—————————————————————————
(i)Hole ends in mineralization.
Mineralized intervals are based on 1-metre samples utilizing 0.25 g/t gold
cut-off levels with a maximum internal dilution of 2 metres. The attitude
of mineralized intervals varies and reported mineralized intersections may
not represent true widths.
—————————————————————————

Of particular note are the wide mineralized intervals in drill holes RC-783 and RC-784 both of which ended in mineralization at Kobokoto. These two holes are located near the northernmost portion of the Kobokoto deposit and may represent an area of appreciable thickening of the deposit in this direction.

Value Engineering Initiatives

Along with ongoing drilling programs designed to expand and upgrade existing resources and reserves, value engineering studies are under way. These studies are: 1. evaluating the four deposits (Niakafiri Southeast and Southwest, Maki Medina and Kobokoto) not included in the feasibility study and incorporate them into future mine plans; 2. evaluating potential for heap-leach processing; and 3. examining opportunities to improve recoveries and reduce capital costs.

Technical Protocols – DRA Mineral Resource Estimate

In May 2010, the OJVG engaged DRA to complete mineral resource estimates for the Masato, Maki Medina, Niakafiri SE, Niakafiri SW and Kobokoto Deposits, using drill data collected after the Feasibility Study cut-off dates in Q1 of 2010. For the DRA estimates of these bulk tonnage deposits, only drill data up to June 2010 were utilized.

All of the resources were modeled by OJVG geologists at various cut-off grades depending on the style and depth of mineralization. Ore shells for each mineralized zone were submitted and reviewed by DRA, prior to block modeling. Final measured, indicated and inferred resource tonnage, gold grade and gold content were reported at a 0.40 g/t gold cut off grade. Variogram models were created for all of the grade shell solids and appropriately capped for the purposes of this estimation. All samples were composited to 1 metre and ordinary Kriging was the method of interpolation utilized. The reader is cautioned that the results from the DRA resource estimate were not constrained by an optimized pit shell and a cut off grade of 0.40 g/t gold was used for the purposes of reporting mineral resources that have “reasonable prospects” for economic extraction by an open pit and do not represent mineral reserves.

Qualified Persons

The DRA resource estimate update was prepared by Dexter Ferreira, P. Nat. Sci., a QP as defined by National Instrument 43-101.

Doug Turnbull, P. Geo., is a qualified person for the purposes of National Instrument 43-101, and has verified the data disclosed in this news release. William Bond, P. Geo., is also a qualified person for the purposes of National Instrument 43-101, and has supervis

September 22nd, 2010
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