Oro Mining Ltd.: Brokered Private Placement Amended

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Oro Mining Ltd. ("Oro Mining" or the "Company") (TSX VENTURE:OGR) announces that further to the news release dated February 2, 2012, the Company has increased the brokered private placement of units at $0.11 per unit from up to 52,272,728 units to up to 71,837,000 units for aggregate gross proceeds of up to $7,902,070. As previously disclosed, each unit is comprised of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.20 for two years from the date of closing.

The placement agent's set cash commission has also been amended to $450,000. All the other terms of the private placement remain the same. The closing of the private placement remains subject to certain conditions including receipt of all necessary regulatory approvals and the approval of the TSX Venture Exchange.

Oro Mining is a publicly‐listed company on the TSX Venture Exchange with advanced stage exploration projects in Mexico. The Company is focused on expanding its mineral resources and to transition towards production at its advanced projects while continuing to make exploration discoveries. The district‐scale Trinidad property that hosts the Taunus gold deposit continues to be the Company's priority area.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States, absent such registration or an applicable exemption from such registration requirements.

John Brownlie, Chief Executive Officer

Certain disclosure in this release, including statements regarding the possible completion of a private placement and the Company's intended business objectives, constitute forward-looking information and forward-looking statements ("forward-looking statements") for the purposes of Canadian securities laws and the United States Private Litigation Reform Act of 1995. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company will obtain required regulatory approvals of, and investor participation in, the proposed private placement and that that the Company is able to obtain any government or other regulatory approvals required to complete the Company's planned exploration and development activities, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the Company will be unable to obtain required regulatory approvals and investor participation in the proposed private placement on a timely basis or at all, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.