News Releases

Orestone Announces Closing Of Initial Public Offering And Retains First Canadian Capital Corp. For Investor Relations

March 10, 2008

ORS March 10, 2008 Vancouver, Canada, Orestone Mining Corp. (TSX Venture: ORS) (“Orestone”) is pleased to announce that it has successfully completed its initial public offering of 3,000,000 common shares at $0.20 per share and the exercise of the over-allotment option of 450,000 common shares at $0.20 per share for aggregate gross proceeds of $690,000 pursuant to a prospectus dated February 19, 2008. Raymond James Ltd. (the “Agent”) acted as agent for the offering. The Agent received a cash commission of $69,000, a corporate finance fee of $25,000 plus GST, an Agent’s option to purchase up to 345,000 common shares at a price of $0.20 per share exercisable for two years from the date of closing of the offering and an Agent’s corporate finance option to purchase up to 30,000 common shares at a price of $0.20 per share exercisable for two years from the date of closing of the offering.

Orestone is also pleased to announce it has retained First Canadian Capital Corp. (“First Canadian”) to provide investor relations and corporate communications services. First Canadian, a Toronto-based investor relations firm representing public companies for over a decade, will receive a fee of $3,000 per month for the first four months and $6,000 per month thereafter and the grant of 200,000 stock options, exercisable at $0.20 per share for a period of two years. The term of the contract is for an initial twelve months.

For further information contact Gordon Richards, the President of Orestone, at (604) 940-6466 or Jim Mitchell, a director of Orestone, at 1-604-796-9893.

ON BEHALF OF THE BOARD OF DIRECTORS OF ORESTONE MINING CORP.

Gordon Richards

President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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