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17.06.2008
Oromonte announces filing of 1 ST Quarter Financial Statements and Results


Oromonte announces filing of 1 ST Quarter Financial Statements and Results

Nelson, British Columbia, Canada, June 13, 2008: Oromonte Resources Inc. ("Oromonte" or the “Company”) (ORR:TSX-V; OF6:FRA) announces the filing of its financial statements and results for the three month period ended March 31, 2008. Oromonte’s exploration activities and performance continued to be affected by the Ecuador government’s initiation of radical change to the country’s constitution, taxation, environmental and mining laws. However, the Company has begun to implement a pro-active development strategy outside Ecuador.

The Company recorded a loss of $86,570 for the three months ended March 31, 2008. The Company’s working capital was $1,608,523 at March 31, 2008. The Company has sufficient working capital to meet all of its foreseeable obligations based on its plan for the next twelve months.

The financial results for the three month period ended March 31, 2008 reflect the costs of property acquisition, exploration expenses and administrative costs for managing the Company’s properties and associated activities. Operating and general expenses were $133,751. Expenses for the comparative period of 2007 were $204,875. The primary reasons for the change in expenses are decreased exploratory activity for the period. Management and consulting fees increased, as did legal costs and stock-based compensation, the latter due to vesting (21,137 options in the current period and 10,430 options in the comparative period). Capitalized expenditures for the quarter were $111,401 compared to $183,507 for the first quarter in 2007. The decrease was due to a reduction of activities in Ecuador. Oromonte has subsequently curtailed all its exploration activities in Ecuador until there is more clarity and stability in the mining industry.

The Company’s interim Consolidated Financial Statements and Management Discussion and Analysis (MD&A) for the three months ended March 31, 2008 are available at www.sedar.com. All material information and subsequent events concerning the affairs of Oromonte has been disclosed to the public through news releases and filed on SEDAR.

About Oromonte

Oromonte Resources Inc. is a mineral exploration company engaged in the acquisition, development and exploration of mining properties. The Company has acquired mining concessions consisting of four consolidated properties in Ecuador, namely: Chimbuza Property, Marissa Property, Pangui Property, and Virgen del Cisne Property. The related projects are in early stage development. The Company has also begun acquiring mining property interests outside Ecuador. The Company trades common shares and warrants on the TSX Venture Exchange under the symbol ORR and common shares on the Frankfurt Stock Exchange under the symbol OF6.

For further information you can visit the Company's website at: www.oromonteresourcesinc.com.

Cautionary Statement:

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Oromonte, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Oromonte's expectations are exploration risks detailed from time to time in the filings made by Oromonte with securities regulations.

For further information:

Bruce Cottingham, CEO
Oromonte Resources Inc.
Suite 206, 507 Baker Street
Nelson, British Columbia
Canada V1L 4J2
Tel: (250) 352-9923
Fax: (250) 352-9926