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Oro Mining Announces Replacement of Its Board of Directors

Date : 09/17/2012 @ 6:00PM
Source : Marketwired

Oro Mining Announces Replacement of Its Board of Directors


Oro Mining Ltd. (TSX VENTURE:OGR) ("Oro Mining") announced today that Richard Hall, Anthony Hawkshaw, Akiba Leisman and Cesar Gonzalez have been appointed directors of Oro Mining effective immediately. Concurrently, Ronald Ewing, Robert Kendrick and Stuart Rogers have each resigned as a director.

Additionally, Oro Mining has announced that Richard Hall has been appointed Chairman of Oro Mining's board of directors.

Richard "Ritch" J. Hall

Richard Hall brings over 35 years of mining, exploration and development experience. He served as President and Chief Executive Officer of Northgate Minerals from July 2011 until October 2011 when Northgate was acquired by AuRico Gold. From 2008 until 2011 he held the position of Chairman of Grayd Resource Corporation when Grayd was acquired by Agnico Eagle in December 2011. He also served as a director and Chairman of the Special Committee of Creston Moly during its acquisition by Mercator Minerals in 2011. From 1999 to 2008 he served as President and CEO of Metallica Resources Inc., where he was involved in all aspects of the company's development, including the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico. In August 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc. to form what is now New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation. Mr. Hall holds a Bachelor and a Masters Degree in Geology and an MBA from Eastern Washington University. He has also completed an Executive Development Program at the University of Minnesota. Mr. Hall was newly appointed a director of IAMGOLD on March 22, 2012.

Anthony "Tony" G. Hawkshaw

Anthony Hawkshaw is currently director, CFO and a founding shareholder of Rio Alto Mining Limited. Mr. Hawkshaw was a Chartered Accountant for 29 years and holds a Bachelor Degree in Business Management from the Ryerson University in Toronto. Prior to Rio Alto, Mr. Hawkshaw was the CFO of Pan American Silver and Chariot Resources Limited, and he currently serves as Chairman of the audit committee of Caza Gold. With more than 30 years' experience in the mining industry in countries including Canada, the United States, Mexico, Russia and Peru, Mr. Hawkshaw has arranged numerous debt, equity and convertible debt financings with institutional investors, commercial banks and multilateral lending agencies.

Akiba J. Leisman

Akiba Leisman is currently a Vice President at Wexford Capital LP which he joined in 2011. Prior to joining Wexford, he was a Senior Analyst at Red Kite Capital Management for the Mine Finance funds. Previously, he was an Associate at Standard Bank working in the Structured Commodity Products and Mine Finance groups. Mr. Leisman has an MBA from New York University, and a B.S. in Chemical Engineering from Carnegie Mellon University.

Cesar N. Gonzalez

Cesar Gonzalez is currently an Analyst at Wexford Capital LP which he joined in 2008. Previously he worked at Lehman Brothers as an Analyst in the Private Equity Group. Mr. Gonzalez graduated from the University of Southern California, where he earned a B.S. in Business Administration.

About Oro Mining

Oro Mining is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Oro Mining's priority is to advance its properties toward production. The La Trinidad property, which hosts the Taunus gold deposit, continues to be the priority focus of Oro Mining's development activities. A complete NI 43-101 resource estimate and preliminary economic assessment for the Taunus deposit can be found at www.sedar.com or at www.oromining.com.

About Wexford Capital LP

Wexford is an SEC registered investment advisor with over $5.1 billion of assets under management. Wexford has particular expertise in the energy/natural resources sector with actively managed investments in oil and gas exploration and production, energy services, mining, coal and related sectors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Oro Mining Ltd. Mimy Fernandez-Maldonado Corporate Secretary 604-646-158mimy@oromining.com www.oromining.com



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