Oromin Responds to Teranga Announcement
Published : June 03, 2013
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Keywords :   Gold | Market | Report |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 3, 2013) - Oromin Explorations Ltd. ("Oromin") (News - Market indicators)(OTCBB:OLEPF) reports that it has received today from Teranga Gold Corporation ("TGZ") notice of intent to file an unsolicited offer to acquire all of the outstanding shares of Oromin for 0.582 of a common share of TGZ stock for each outstanding common share of Oromin, or 80,000,000 common shares of TGZ.

Consistent with its obligations and focus on delivering value to shareholders, Oromin's Board of Directors will consider the proposal and how it could impact the interests of Oromin's shareholders and other stakeholders. Oromin's Board of Directors and management remain committed to building and delivering value for shareholders and other stakeholders, and believe that Oromin's strategy and recent performance and accomplishments clearly demonstrate this commitment.

Oromin recommends that its shareholders defer making any decision until the Board has had an opportunity to fully review the expected offer and to make a formal recommendation as to its merits. Shareholders will be promptly notified of any recommendation by the Board through a news release and circular in accordance with applicable securities laws.

To find out more about Oromin Explorations Ltd., visit www.oromin.com

On behalf of the Board of Directors of OROMIN EXPLORATIONS LTD.

Chet Idziszek, CEO

Cautionary Statement

Statements made in this press release which describes the Company or management's objectives, projections, estimates, expectations or predictions may be "forward-looking statements" within the meaning of securities laws. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and that the Company's actual actions or results could differ materially from those expressed or implied in such forward-looking statements or could affect the extent to which a particular projection is realized. Reference should be made to the Company's most recent Annual Report on Form 20-F for a list of factors that could cause such differences.



David Scott, Investor Relations
(604) 331-8772 or Toll-free: (877) 529-8475
(604) 331-8773 (FAX)
dscott@mine-tech.com

Oromin Explorations Ltd.

EXPLORATION STAGE
CODE : OLE.TO
ISIN : CA6870821072
CUSIP : 687082 10 7
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Oromin Expl. is a gold exploration company based in Canada.

Its main exploration properties are SANTA ROSA DOME CULMINATION PROJECT in Argentina and MASATO DEPOSIT (SABODALA) and GOLOUMAS DEPOSIT (SABODALA) in Senegal.

Oromin Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 24.1 millions as of today (US$ 23.2 millions, € 17.1 millions).

Its stock quote reached its highest recent level on September 24, 2010 at CA$ 1.49, and its lowest recent point on July 05, 2013 at CA$ 0.20.

Oromin Expl. has 65 228 000 shares outstanding.

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Corporate Presentations of Oromin Explorations Ltd.
9/26/2007compaired to Carlin/Cortez trends
Nominations of Oromin Explorations Ltd.
3/25/2010Appoints vice president of Senegal operations
5/9/2007appoints advisor to the Board
Project news of Oromin Explorations Ltd.
9/13/2011OJVG Gold Project Corporate Profile Summary
6/22/2011(Masato Deposit (sabodala))OJVG Gold Project – Q3 Exploration Outlook
5/12/2011(Masato Deposit (sabodala))OJVG Announces Resource Update, New Drill Results and Additi...
5/5/2011(Goloumas Deposit (sabodala))POSITIVE OUTCOME OF HEAP LEACH PRELIMINARY ECONOMIC ASSESSM...
4/11/2011(Goloumas Deposit (sabodala))DRILLING CONFIRMATION OF THREE NEW DISCOVERIES
3/15/2011(Goloumas Deposit (sabodala))INITIAL 2011 DRILLING RESULTS CONTINUE PROVIDING POSITIVE GR...
2/3/2011(Goloumas Deposit (sabodala))NEW DISCOVERIES AND REMAINDER OF 2010 DRILLING RESULTS
1/12/2011(Goloumas Deposit (sabodala))ADDITIONAL GOLD RESULTS FROM OJVG’S RESOURCE EXPANSION
7/15/2010Receives Positive Feasibility Study for Its OJVG Gold Projec...
3/24/2010(Goloumas Deposit (sabodala))on schedule for mid-2010 feasibility study and development o...
1/19/2010(Goloumas Deposit (sabodala))OJVG Upgrades Sabodala Gold Project Feasibility Study
10/19/2009(Goloumas Deposit (sabodala))Continues strategic planning for development at Sabodala
10/8/2009(Goloumas Deposit (sabodala))Exploration continues to provide encouraging results from va...
7/28/2009(Santa Rosa Dome Culmination Project) Santa Rosa, Argentina update
5/14/2009New High-grade discovery at sabodala to complement six other...
2/28/2009(Goloumas Deposit (sabodala))Resource update adds 860,000 inferred gold ounces
1/13/2009(Goloumas Deposit (sabodala))2008 DRILL PROGRAM IDENTIFIES ADDITIONAL GOLD DEPOSITS AT SA...
1/8/2009(Santa Rosa Dome Culmination Project)SANTA ROSA LICENCE TRANSACTION EXECUTION
12/11/2008(Goloumas Deposit (sabodala))NEW HIGH GRADE GOLD DISCOVERY AT SABODALA
6/5/2008(Goloumas Deposit (sabodala))Six Drills Continue to Provide Excellent Results at Sabodala
5/15/2008(Santa Rosa Dome Culmination Project)UPDATE ON SRK RESOURCE STUDY AND SANTA ROSA PROSPECT
5/5/2008(Goloumas Deposit (sabodala))EXCELLENT DRILLING RESULTS CONTINUE AT SABODALA
3/21/2008EXCELLENT DRILLING RESULTS CONTINUE
2/4/2008(Goloumas Deposit (sabodala))SABODALA 2008 PROGRAM AND OBJECTIVES
8/15/2007(Goloumas Deposit (sabodala))GRANDICH LETTER
5/4/2007(Goloumas Deposit (sabodala))Core and Reverse Circulation Drilling Continues to Identify ...
12/1/2010(Goloumas Deposit (sabodala))FURTHER POSITIVE DRILLING RESULTS FROM ONGOING RESOURCE EXP...
Corporate news of Oromin Explorations Ltd.
8/27/2013Teranga and Oromin Announce Plan of Arrangement Transaction
8/7/2013Teranga and Oromin Announce Completion of Offer
8/7/2013Teranga and Oromin Announce Completion of Offer
7/23/2013Teranga and Oromin Announce Friendly Transaction
7/3/2013Announces Change of Date for Annual & Special Meeting of Sha...
6/20/2013Responds to Unsolicited Offer
6/3/2013Responds to Teranga Announcement
3/27/2013Files Updated Heap Leach NI 43-101 Technical Report for OJVG...
3/19/2013Files Updated NI 43-101 Technical Report for OJVG Gold Proje...
1/31/20132ND NEWS RELEASE FOR JANUARY 31, 2013
1/31/2013Announces Robust CIL Feasibility Study Results at the OJVG G...
10/29/2012News Release
10/1/2012News Release
5/29/2012News Release
4/23/2012APRIL 12, 2012 MACKIE RESEARCH REPORT
4/23/2012MACKIE RESEARCH REPORT
4/20/2012News Release
12/7/2011
6/20/2011OJVG Gold Project-Q3 Exploration Outlook
4/12/2011Drilling Confirmation of Three New Discoveries, Additional S...
7/19/2010Confirmation of All the Flashy Drill Results
6/2/2010Exploration Drilling Continues to Generate Excellent Results...
4/13/2010Drilling Extends Kourouloulou Gold Deposit to 300 Metre Dept...
4/1/2010Public relations consultant
2/17/2010Government of Senegal grants 15 year renewable mining licens...
1/30/2010provides Exploration and Development Highlights
12/23/2009Sabodala proprty results continue to expand new discoveries....
12/2/2009Announces Closing of $6.9 Million Bought-Deal Financing
7/16/2009Drilling commences at Santa Rosa, Argentina
7/8/2009Drill mobilization at Santa Rosa, Argentina
12/15/2008TO COMMENCE TRADING ON TORONTO STOCK EXCHANGE
9/16/2008Ongoing drilling continues to expand mineralization at estab...
8/6/2008EXPANDS GOLD MINERALIZATION AT SABODALA
7/31/2008SHAREHOLDERS RATIFY SHAREHOLDER RIGHTS PLAN
7/24/2008INITIAL OPEN PIT RESOURCE ESTIMATE FOR THE FIRST THREE DEPOS...
7/9/2008Announces Prospective Oil Resources at its Santa Rosa Prospe...
6/27/2008ADOPTS SHAREHOLDER RIGHTS PLAN
5/2/2008OFFICIAL DECREE AUTHORIZES SANTA ROSA OIL PROJECT
2/29/2008ENGAGES OTIS AND MANDY PARTNERS LLC
12/19/2007 Excellent Drill Results at Golouma West, Golouma South and
9/27/2007To provide Google search engine IR Program and social networ...
9/7/2007Golouma West and Golouma South Gold Deposits Continue to Exp...
7/30/2007Golouma West Gold Deposit Expanding Further West and Merging...
7/12/2007Ongoing 75,000 Metre Drill Program Demonstrates Excellent Co...
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