News Releases

News Release

June 3, 2010

TSX-V: ORS June 3, 2010 - Vancouver, British Columbia, Orestone Mining Corp. (“Orestone” or the “Company”) and Intuitive Exploration Inc. (“Intuitive”) announce the completion of the previously announced plan of arrangement (the “Arrangement”), pursuant to which Orestone has acquired all of the outstanding common shares of Intuitive (“Intuitive Shares”) in exchange for common shares of Orestone (“Orestone Shares”), on the basis of one (1) Orestone Share for every one (1) Intuitive Share outstanding. As a result of the Arrangement Intuitive has become a wholly-owned subsidiary of Orestone.

The Arrangement was carried out pursuant to the provisions of the Business Corporations Act (British Columbia) and was approved by the Supreme Court of British Columbia and the affirmative vote of Intuitive’s shareholders at a special meeting of the shareholders held on May 25, 2010.

Orestone is presently exploring three mineral properties in northern B.C and one mineral property in southern B.C. all within Quesnel Terrane, which extends from the US border to northern B.C. The 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., 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. 

Intuitive, now a wholly owned subsidiary of Orestone, holds a 51% undivided interest in the Todd Creek mineral exploration property in the Skeena Mining Division, Stewart Gold Camp, in northwestern British Columbia, located 35 km northeast of Stewart. The Todd Creek property occurs within the favorable Hazelton Group stratigraphy and associated suites of intrusions. This geological environment hosts many large and significant mineral deposits including the Granduc, Eskay Creek, Silbak-Premier and Kerr/Sulphurets/Mitchell zones. In addition, Intuitive holds an option to acquire a 51% interest in the adjoining Funk Property which together with the Todd Creek property, cover more than 19,467 hectares.

For further information, please contact Jose Pinedo (President and CEO) at (303) 378-6498 or jose.pinedo@comcast.net .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.


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