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Oromin Files Updated Technical Report for OJVG Gold Project

Oromin Explorations Ltd. (OLE.TO) announced that the NI 43-101 Technical Report "OJVG Golouma Gold Project Updated Preliminary Economic Assessment of the Heap Leach Potential" has been filed on SEDAR and is also available on Oromin's website.

The positive results of the PEA update for the OJVG Gold Project in Senegal were previously announced in separate Oromin news releases.

At a gold price of $1,550/oz the pre-tax Net Present Value is $98 million and after-tax value is $76 million.

Average annual heap leach gold production for the first full three years of production is 36,000 ounces per year at a $760 operating cash cost per ounce. Several open pit gold deposits will provide a heap leach production period of just over 14 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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