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To: Rocket Red who wrote (63617)	12/10/2010 11:25:05 PM
From: riversides	Respond to of 233879

Oro Mining Ltd. TSX VENTURE: OGR Oro Mining Ltd. Dec 10, 2010 15:28 ET Oro Mining Announces Brokered Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2010) - Oro Mining Ltd. (TSX VENTURE:OGR) - NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Oro Mining Ltd. ("OroMining" or the "Company") announces that it has entered into anagreement with Casimir Capital LP to act as lead agent and includingRaymond James Ltd. in connection with the private placement on areasonable efforts basis of up to 25 million units at a price of .40per unit for gross proceeds of up to $10,000,000. Each unit willconsist of one common share and one-half of one non-transferable commonshare purchase warrant. Each whole warrant entitles the holder topurchase one additional common share at a price of .50 per share fortwo years from the date of closing. The offering is scheduled to closeon or about December 22, 2010 and is subject to certain conditionsincluding receipt of all necessary regulatory approvals, including theapproval of the TSX Venture Exchange. The units issued will be subjectto a four-month hold period from the closing date. Placementagents will receive a cash commission of 6% of the gross proceedsreceived from the sale of the units and non-transferable warrants topurchase common shares of Oro Mining, on terms identical to thewarrants to be issued in the offering, such warrants to be equal innumber to 6% of the units sold in the offering. The netproceeds of the offering will be used to advance the Trinidad and ElCompas properties towards pre-feasibility study level and for workingcapital and general corporate purposes. Certaindirectors and officers of Oro Mining may acquire securities under theprivate placement. Any such participation would be considered to be a"related party transaction" as defined under Multilateral Instrument61-101 ("MI 61-101"). The transaction will be exempt from the formalvaluation and minority shareholder approval requirements of MI 61-101as neither the fair market value of any shares issued to or theconsideration paid by such persons will exceed 25% of the Company'smarket capitalization. Oro Mining is a publicly-listedcompany on the TSX Venture Exchange with advanced stage explorationprojects in Mexico. The Company is focused on expanding its goldresource base, moving towards production at its advanced projects, andcontinuing to make exploration discoveries. The district-scale Trinidadproperty that hosts the Taunus gold deposit continues to be theCompany's priority project. This news release doesnot constitute an offer to sell or a solicitation of an offer to buyany of the securities in the United States. The securities have notbeen registered under the United States Securities Act of 1933, asamended, or any state securities laws, and may not be offered or soldwithin the United States, absent such registration or an applicableexemption from such registration requirements. ON BEHALF OF THE BOARD OF DIRECTORS John Brownlie, Chief Executive Officer