News Releases

News Release

December 4, 2009

TSX-V: ORS December 4, 2009 - Orestone Mining Corp. is pleased to announce that it is initiating a 3 to 6 hole, 400 m minimum diamond drilling program on its 100% owned Captain Property immediately south of Terrane Metals Corp’s Mt Milligan Property in central British Columbia. Orestone has completed considerable geophysical-geochemical¬¨geological studies over the previous three years leading to the development of 11 target areas considered highly prospective for alkalic Au-Cu porphyry deposits. Two of the largest and most intense geophysical targets could not be evaluated by percussion drilling conducted in the summer of 2009 due to overburden depths of about 30 metres. These two targets will be evaluated by the current diamond drill program. 
Orestone Mining Corp is also pleased to announce that it is extending its 1250 metre drill program on the Connor Creek Property currently in progress by an additional 750-1000 metres to continue the exploration of the gold-bearing CC shear structure and other possible gold-mineralized structures. About 765 metres of the initial program begun on November 23, 2009 has been completed.

The Connor Creek Property is under option from Kootenay Gold Inc. as described in the Company’s news release dated November 12, 2009. Mineralization on the property includes gold-bearing shear zones, massive sulphide gold-copper veins, polymetallic veins and skarn. The massive sulphide veins are similar to the historic gold-copper veins at Rossland 40 km southwest of the property.

Drilling is expected to be completed in mid December with assays to follow in January 2010. 

The Company also announces, further to its news release of December 1, 2009, that it has entered into a finder’s fee agreement with Raymond James Ltd. pursuant to which it has agreed to issue 200,000 finders units upon completion of the company’s acquisition of Intuitive Exploration Inc. Each finders unit will be comprised of one common share and one share purchase warrant entitling the finder to purchase one additional common share at a price of $0.15 per share for a period of two years. Raymond James was instrumental in introducing the Company to Intuitive.

About Orestone 
Orestone is presently exploring three large claim blocks in northern B.C and one claim block in southern B.C. all within Quesnel Terrane, which extends from the US border to northern B.C. Quesnel Terrane hosts numerous mines and many developing bulk tonnage Cu-Au prospects such as those on the Mt. Milligan and Kwanika properties in north-central B.C., and sediment-hosted gold mineralization on the Spanish Mountain and Frasergold properties in south-central B.C. as well as gold vein deposits throughout B.C. For further information contact Gordon Richards, the President of Orestone, at (604) 940-6466 or Jim Mitchell, a director of Orestone, at 1¬¨604-796-9418. 


Gordon Richards


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