ORO GOLD COMPLETES $12 MILLION PRIVATE PLACEMENT

I expect a news release this week on as few as 2 or as many as 4 holes.


ORO GOLD COMPLETES $12 MILLION PRIVATE PLACEMENT

Oro Gold Resources Ltd. (“Oro Gold” or the “Company”) (TSX-V: OGR) is pleased to announce that it has closed its private placement financing previously announced on June 17, 2009 (the “Offering”). The Company issued 17,200,000 units of the Company for aggregate gross proceeds of $12,040,000. Each unit, priced at $0.70, consists of one common share and one-half of one common share purchase warrant; each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $1.00 until January 7, 2011.

The Company intends to use the net proceeds of the Offering for additional exploration and development on the Company’s 100% owned Trinidad gold property in Mexico and for working capital and general corporate purposes.

Wellington West Capital Markets Inc. acted as lead underwriter and book-runner on behalf of a syndicate of underwriters including Canaccord Capital Corporation and Blackmont Capital Inc. (collectively, the “Underwriters”). The Company paid a cash commission to the Underwriters in the amount of $772,800 and issued to the Underwriters 1,104,000 warrants, each exercisable to acquire one common share of the Company at a price of $0.70 until January 7, 2011.

The common shares issued pursuant to the Offering and the common shares issuable upon the exercise of the warrants are subject to a statutory hold period which expires November 8, 2009.

About Oro Gold
Oro Gold is a publicly-listed junior gold exploration company with 11 projects located in Mexico and Panama. The district scale 651 km2 Trinidad property continues to be the company’s top priority project and the main focus of exploration and resource definition efforts. Oro Gold’s corporate mandate is to maintain low costs in gold resource acquisition and discovery while growing the company’s gold assets to attract producing companies.

ON BEHALF OF THE BOARD OF DIRECTORS

Darren Bahrey
President and CEO