Orogen Gold Plc
(“Orogen Gold” or “the Company”)

Result of AGM

Orogen Gold announces that all the resolutions put to shareholders at the Annual General Meeting of the Company held on 9 May 2013 were duly passed.

Enquiries:

Orogen Gold Plc
(“Orogen Gold”, “Orogen” or “the Company”)
Operational Update

Orogen Gold today announces that the second-phase of drilling, announced on the 27^th February, is planned to commence in Q2 at the Deli Jovan historic gold mining camp in Serbia once work focused on the high grade trench discovery at Gindusa West is completed.  Activities will include additional high-density soil sampling and step out trenching from the discovery trench to extend and define the mineralised zone. This work has now commenced, with results expected later in Q2, 2013. Orogen will make a more detailed announcement on the commencement of drilling in the coming weeks.

At the Gindusa Mine zone further drilling is also proposed to establish the resource potential of this segment of the Deli Jovan Shear Zone. The Company has contracted Snowden Consultants to undertake a high level overview of drill results to date and provide guidance on the 2013 drill programme.

Snow has cleared from the Mutsk property in Armenia, where Orogen has established a field base in preparation for an initial due diligence evaluation programme which has just commenced at site. The aim is to confirm the potential of a gold epithermal system discovered by our JV partners in 2011 and will comprise re-logging and sampling of existing drill core, as well as detailed mapping and sampling in the under-explored permit area. A limited programme of follow-up diamond drilling is planned commencing in Q2, subject to satisfactory confirmation of the previously reported gold values. Results from this work are expected late in Q2 and into Q3 2013.

The Company is sufficiently funded to undertake the planned work programmes and looks forward to reporting further positive news as the projects advance.

About Orogen Gold

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The company’s activities are focused on mineral exploration and development in Europe. The Deli Jovan gold exploration district in Serbia is the Company’s main operational project. The historic high-grade gold mining camp was last in production prior to World War II and has been significantly under-explored in modern times. The Mutsk project in Armenia, located 30km from Lydian International’s Amulsar gold deposit (2.4 million ounces Measured and Indicated Resources), has recently been optioned by Orogen which is undertaking a due diligence study to confirm a new epithermal gold discovery reported from shallow drilling on the property.

Enquiries:

Orogen Gold (AIM:ORE), the AIM quoted mineral exploration company with its flagship project in the historic gold mining district of Deli Jovan in Serbia, is pleased to announce its audited results for the year ended 31 December 2012.

Operational Highlights

• 22 holes for 4,897 metres of exploration diamond drilling with trenching programme completed at the Gindusa Main Zone (“Gindusa”) and Gindusa West Prospect (“Gindusa West”)
  • Assay results from underground sampling confirmed presence of high grade gold values in the Gindusa veins ranging from trace gold up to 63.4 g/t Au over 1m width in channel sampling
  • Down hole intercepts of 22.2g/t Au over 0.5m, 16.25 g/t over 0.5m and 13.30 g/t over 1.0m at Gindusa
  • New zone of gold mineralisation in a trench at Gindusa West 1.5km northwest of the historic mine, cutting eight metres averaging 12.3 g/t gold including a three metre zone averaging almost 1 oz of gold (29.6 g/t)

Financial Highlights

• Completion of 55% earn-in to Deli Jovan in June 2012, in accordance with agreement with Reservoir Minerals Inc.
• £1.2 million raised in October through share placing and subscription by Directors
• £204,000 raised through issue of equity in December under Equity Financing Facility

Post-period Highlights

• Highly prospective gold property optioned within emerging epithermal gold district in Armenia
• WH Ireland appointed as sole Nomad & Broker

Ed Slowey, CEO of Orogen, commented today, “2012 saw the Company make significant progress towards its target of outlining a preliminary mineral resource at Deli Jovan, during what was universally considered a difficult economic climate for AIM-quoted junior explorers.  The discovery of a new high grade gold zone at Gindusa West and the encouraging down hole intercepts at Gindusa have provided the Company with a solid base as it continues its first stage drilling programme across the mine area.

“The acquisition of what has the potential to be a significant epithermal gold system in Armenia evidenced the Company’s strategy in identifying and acquiring early-stage opportunities in what is a rapidly emerging gold district in Europe.

“With funding in place for the planned work programmes in 2013, we are looking forward to keeping the market updated and delivering value to shareholders.”

Enquiries:

Chairman’s Statement

The year of 2012 was a very challenging time for junior gold exploration and project development companies.  Despite such headwinds Orogen secured financing for the first drilling programme at the old Deli Jovan gold mining district in Serbia and reached the 55% equity milestone on time and on budget.  Highlight of the 2012 exploration programme was the announcement in December 2012 of a new discovery west of the old Gindusa gold mine where a trench cut a three-metre wide zone assaying 29.55 grammes (almost ounce of gold) per tonne gold within a wider eight metre interval averaging 12.28 g/t.  Financing for the next phase of drilling at the Gindusa Mine which will include trenching and drill testing of a newly discovered high-grade lode is secure and will commence in the coming months after the Spring thaw in Serbia.

We have now entered the second phase of the earn-in agreement on Deli Jovan where we can earn an additional 20% of the project by committing to a further CAD2 million exploration spend on the project by end December 2013.

As an exciting start to 2013 management were delighted to conclude negotiations in January on an earn-in agreement on the Mutsk gold project in Armenia as part of Orogen’s strategy to seize prospective early-stage growth opportunities at a low entry-cost.  The Mutsk gold project is within an emerging gold district only 30 kilometres from Lydian International’s multi-million-ounce gold and silver Amulsar deposit.

The Group has sufficient cash resources to complete the currently planned 2013 exploration expenditures on Deli Jovan and Mutsk including the completion of the 75% earn-in to the Deli Jovan project.

At Deli Jovan we are proud of our achievements in 2012 and our excellent health and safety and environmental record.  We continue to move forward on schedule and on budget in a measured and prudent way to manage investor risk as we probe for the best zones of gold mineralisation within this historic mining district.

We thank you all for your patience and support as we look forward to a stream of news flow in 2013 from Serbia and Armenia.

John Barry
Chairman

Chief Executive’s Statement

2012 has been a very active year for Orogen Gold plc.  We completed the underground refurbishment at the historic Gindusa and Rusman underground mines at our Deli Jovan gold exploration project in Serbia and carried out a detailed structural mapping and sampling programme there.  We then undertook the initial drilling and trenching campaign on the property where we have made very encouraging progress.  We are now poised to confirm the potential of the Deli Jovan project in the coming exploration season.  Towards the end of the year we raised a total of £1,435,000 (before costs) in new equity financing that strengthened our balance sheet and secures our planned exploration work programmes for 2013.

During the year we put considerable effort into examining a number of potential additional projects as part of our stated plan to develop the Company.  We were delighted to conclude negotiations on an earn-in agreement in the Mutsk gold project in Armenia just after the year end.

Deli Jovan earn-in with Reservoir Minerals Inc.

We achieved the 55% earn-in milestone on the Deli Jovan gold exploration project in Serbia in June 2012 following our completion of CAD1.5 million exploration financing of the project.

The 55% earn-in was completed on schedule and the expenditures incurred to date were in line with our original budget for the work programme that we set out when initiating the project.  The payments made under the terms of the earn-in agreement with Reservoir Minerals Inc. were applied to acquire a 55% interest in Deli Jovan Exploration d.o.o, the Serbian company operating the Deli Jovan project.  Deli Jovan Exploration d.o.o. has been included as a subsidiary in the Group’s consolidated results from the acquisition date.

We have now entered the second phase of the earn-in agreement where we can earn an additional 20% of the project by committing to a further CAD2 million exploration spend on the project by end December 2013.  At the date of this report we have a cumulative spend of CAD 2,510,000 on Deli Jovan and we anticipate completing the 75% earn in during 2013.

Deli Jovan work programme

During the first half of 2012 we completed the opening of the former mine shafts at Gindusa and Rusman.  These were de-watered and made safe and we carried out a mapping and sampling programme of the old mine workings extending down to 60 metres on two levels at Gindusa and 80m on three levels at Rusman during May 2012.

The results of this work were encouraging, particularly in relation to Gindusa.  They confirmed historic reports and identified the presence of four mineralised quartz vein structures in the Gindusa underground workings.  These are sub-parallel, trending NW-SE, dip from near vertical to steeply to the southwest and they occur within a shear corridor at least 80m wide.  High grade gold-mineralised quartz-pyrite veins and lenses occur as pinches and swells along the fault structures, with individual lenses up to 30m in horizontal extent with greater apparent continuity in vertical extent.  Typically these mineralised veins are 30-70 centimetres in width, up to in excess of 1m locally.

Assay results confirmed the presence of very high grade values in the Gindusa vein system, ranging from trace gold up to 63.4g/t Au over 1m width in channel sampling and up to 133.0g/t Au in more selective chip sampling.  Sampling at Rusman also yielded anomalous gold results, albeit within more restricted mineral lenses.

Ginduša Mine drilling

Based on results of the underground work, the 2012 surface exploration drilling programme focussed on the Ginduša mine area.  Outside the immediate areas of the old mines a combination of geological mapping, soil geochemistry and trenching was undertaken to define further drill targets and to make new discoveries within the property.

Eight profiles were drilled 25-50 metres apart covering a strike length of 250 metres.  This represents the first drilling campaign undertaken at the prospect.  Most of the drilling was focussed on testing the continuity at depth of the gold-bearing quartz-pyrite lodes and fault structures exploited in the old mine workings.  Limited drilling also tested the potential for continuity of the lodes along strike. Drilling totalled 4,426.5 metres in the 18 holes completed.  Assay values (down hole depths, uncorrected for intersection angle) include 16.25 g/t Au over 0.5m within a wider interval of 8.3 g/t Au over 1.0m (DE-1), 14.55 g/t Au over 0.5m within a wider interval of 4.97 g/t Au over 2.5m (DE-3), 9.73 g/t Au over 1.0m within a wider interval of 2.98 g/t Au over 4.7m (DE-4), 13.3 g/t over 1.0m within a wider interval of 4.05 g/t Au over 3.9m (DE-14), 22.2 g/t Au over 0.5m within a wider zone of 8.15 g/t Au over 1.7m (DE-15).

The drilling and subsequent modelling of the veins confirmed that the shear/vein system continues to at least the full 280m vertical depth drilled and is open to depth, with low-grade gold haloes occurring marginal to the main lodes.

A detailed overview of the Ginduša mineralised zones was carried out by a structural geological specialist.  He commented that “the mineralised shear zone at the Ginduša Mine area comprises multiple quartz lenses and is likely to be steep plunging, with overall depth continuity, possibly to considerable depth”.  It was further concluded that “while it is possible to develop extensive shear zones laterally and vertically, gold grade will vary considerably when intersected in core.”

Ginduša West drilling and trenching

At Ginduša West, 1.5km northwest of the Ginduša Mine, four surface diamond drill holes were completed to test the extension of a strongly mineralised gold vein, dipping at 50 degrees to the north, previously mapped and sampled by our JV partners, Reservoir Minerals, in an old shallow exploration adit.  Soil anomalies in the area suggested that the vein system might be more extensive than apparent underground.  Three holes (DE-GEA1, 2 & 4) were drilled on a single profile to establish the depth continuity of the vein.  The drilling demonstrated that the mineralised vein zone continues down dip for approximately 100m, maintaining a width of about one metre, and remains open to depth.  Historic gold grades from underground channel sampling ranged from 0.5 to 48.9g/t Au, while drill grades of up to 3.28 g/t Au over 0.5m width from 64.0-64.5m depth were encountered in Orogen hole DE-GEA1.  Of particular interest was the discovery of two parallel ‘blind’ quartz-pyrite veins beneath the previously known vein.  One of these veins intersected in DE-GEA1 yielded 6.75g/t Au over a 0.95m intercept from 90.65-91.6m.  These new veins are open to depth and along strike, and additional ‘blind’ veins may remain to be discovered in the area.

Further evidence of previously unrecorded gold-bearing quartz veining at Ginduša West was obtained from trench TAG2, which was sited about 250m to the west of the drill profile to test a gold anomaly located by soil sampling.  This encountered a wide zone of alteration and shearing of the host gabbro which contained partially oxidised pyrite mineralisation and quartz veining.  Assays of continuous chip/channel samples through this zone returned strong gold values, including a 3.0m zone assaying 29.55g/t Au within a wider 8.0m interval averaging 12.28g/t Au.  Follow-up of this zone will be a priority for Orogen and several other soil geochemical anomalies also remain to be tested in this area.

Preliminary drilling at the old Rusman mine has confirmed the conclusions from earlier underground mapping and sampling and has down-graded this prospect.  Given the strong encouragement obtained on the northern segment of the shear belt at the Ginduša Mine zone and Ginduša West, including the new trench discovery, Orogen plans to focus its activities on this sector of the belt.

Mutsk exploration project in Armenia

In January 2013 the Group signed a Memorandum of Understanding with Georaid CJSC (“Georaid”), an Armenian registered company, granting exclusive rights to undertake a confirmatory due diligence exploration programme over the exploration licence held by Georaid covering the Mutsk gold prospect in southern Armenia.  Mutsk is an early-stage gold exploration project and represents an opportunity to acquire a property with indications of significant gold mineralisation within an emerging epithermal gold district which includes Lydian International’s major Amulsar deposit, located just 30km to the northwest.  The Mutsk discovery is open-ended, untested to depth and potentially open-pittable. Initial shallow drilling by Georaid has intersected mineralisation assaying up to 20.4m @ 0.79g/t Au from 15.0 to 35.4m depth, within which a 5.0m zone assayed 2.75g/t Au from 21.0-26.0m (Hole B-5).

Minimum Phase I exploration expenditures of US$150,000 are planned for 2013 after which the Group has the option through continuing investment in the property of US$2.5million by end August 2016 to earn into 80% of the project.

Corporate

The loss for the year amounted to £651,000 (2011 £1,214,000).  At 31 December 2012 the Group held cash resources of £1,621,000 (2011 £2,004,000).

The Group has sufficient cash resources to complete the currently planned 2013 exploration expenditures on Deli Jovan and Mutsk including the completion of the 75% earn-in to the Deli Jovan project.

Our Deli Jovan project is entering a very exciting phase in 2013.  This is planned to include infill and extension drilling at the Gindusa Mine zone to establish the potential for a compliant mineral resource there, as well as follow-up trenching and drilling on the exciting new targets identified at Gindusa West.  At the same time we will be investigating the potential of the Mutsk project which is currently unconstrained in size and presents the possibility of very attractive project going forward.

We look forward with excitement to the developments during 2013.

Edward Slowey
Chief Executive

Group statement of comprehensive income
For the year ended 31 December 2012

Group statement of financial position

As at 31 December 2012

Group cash flow statement

For the year ended 31 December 2012

Notes

1. Approval

Ed Slowey, CEO of Orogen, is a Competent Person as defined by various international instruments and takes responsibility for the release of the technical information in this announcement.

2. Financial Information

The financial information set out above does not constitute the Company’s statutory accounts for the year ended 31 December 2012, but is derived from those accounts. The auditors have reported on those accounts; their reports were unqualified and did not draw attention to any matters by way of emphasis without qualifying their reports.

3. Annual Report and AGM

The annual report and accounts for the year ended 31 December 2012 will be posted to shareholders on 19 March 2013 and will be available from the Company’s website at www.orogengold.com shortly.

The annual report incorporates notice of the annual general meeting which will be held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 9 May 2013 at 12.00 noon.

Orogen Gold Plc
(“Orogen Gold”, “Orogen” or “the Company”)
2013 Exploration Programme

Orogen Gold, the AIM quoted mineral exploration company (ticker: ORE) focused on the historic gold mining district of Deli Jovan in Serbia, is pleased to outline the next phase of its trenching and drilling programmes for 2013.

Highlights

Deli Jovan Gold Project (“Deli Jovan”) Serbia, planned work includes:

New Discovery – Gindusa West:

• Follow-up detailed trench and diamond drill testing of an exceptional eight metre wide high-grade gold zone, which included three metres @ 29.6g/t Au (almost 1 oz per tonne) discovered by exploratory trenching on a soil anomaly late last year
• Further drill testing of potential new hidden gold veins, one of which assayed 6.75g/t Au over 0.95m and was discovered by drilling in 2012
• Initial trenching on several untested gold-in soil anomalies at Gindusa West covering a 1,500m by 750m area

Gindusa Main Zone:

• Infill and step-out drill testing of the high grade gold vein systems at the Gindusa Mine area aimed at demonstrating the potential for resource delineation
• Completion of 75% earn-in to Deli Jovan expected in H2 2013

Mutsk Gold Project (“Mutsk”) Armenia planned work includes:

• A due diligence evaluation programme is planned on the JV property over a potentially large epithermal gold target with drill intercepts of up to 14.4m @ 1.09g/t Au, comparable to resource grades reported by Lydian International Ltd. at its nearby Amulsar gold deposit (2.3 million ounces of gold reserves at 0.8 g/t).

Orogen is sufficiently funded to cover the planned work programmes for 2013 at both Deli Jovan and Mutsk from its existing cash resources.

In light of the encouraging gold discoveries at the Gindusa West target announced late last year and the potential for shallow, high grade resources, follow-up at this prospect is a priority for 2013.  The Company will also conduct further work on the Gindusa Mine area where infill and step-out drilling is planned in order to better define the geometry and extent of the steeply-dipping gold-bearing structures, with the objective of building an initial JORC-compliant mineral resource.  Work at Deli Jovan will commence following the Spring thaw which is anticipated in late Q1 2013.

Please click on the following link to view a location map of the Deli Jovan project area:

http://www.orogengold.com/projects/deli-jovan-serbi/maps/

The recent addition of the exciting Mutsk gold project in Armenia is consistent with Orogen’s stated strategy of pursuing gold projects in the region with substantial growth potential at low entry-cost.  The target at Mutsk, located in southern Armenia is 30 kilometres from the 2.6 million ounce Amulsar gold project, which is a large, low-grade, open-pittable epithermal deposit.  Management is looking forward to reporting on the initial evaluation of the Mutsk gold prospect during the coming field season.

Orogen CEO, Ed Slowey, commented: “The 2013 work programme represents the next exciting development phase at Deli Jovan.  Follow-up of the outstanding recent high grade gold discoveries at Gindusa West will be prioritised.  A highly-focused drill programme is also planned across the Gindusa Mine area during 2013 to demonstrate continuity of the vein system, with the aim of outlining a mineral resource in the medium term.

“In Armenia, our new Mutsk joint venture property has the potential to be a large epithermal gold system.  The initial work programme in the coming season, including a drilling component, will be geared towards confirming that potential.

“2013 promises to be an important year for Orogen and we look forward to updating shareholders on the company’s progress throughout the period.”

Enquiries:

Further Detail

Deli Jovan, Serbia

At Deli Jovan, Orogen will conduct follow-up work at the new gold discoveries made towards the end of the last year at Gindusa West as well as infill and extension drilling on the Gindusa Mine zone.

At Gindusa West, a programme of up to 1,000m of further trenching is planned to follow-up the high grade gold zone located in late 2012 (announced on 5 December 2012) in a trench across a soil anomaly which cut eight metres averaging 12.3g/t gold.  This included a three metre zone averaging 29.6g/t gold.  A number of other nearby anomalous soil targets within an area of 1,000m by 750m will also be trench tested.  These occur in an area where the gold mineralising system appears to be vectoring westwards towards the major regional Porec boundary fault.  Confirmed soil targets will be drilled during the summer, in addition to follow-up drill testing of new ‘blind’ gold veins assaying up to 6.75g/t Au over 0.95m discovered during last year’s drill campaign.

At the Gindusa Mine area 1.5km to the southeast, further drilling is planned to infill more widely-spaced drilling completed in 2012, to test the potential for delineation of a mineral resource in this sector of the Deli Jovan shear belt.  In addition, it is planned to test the area to the west-northwest of the old mine workings, where a structural study has suggested possible extensions of the Gindusa Mine vein systems.  The mineralised structures remain open and untested below 280m depth.  A total of approximately 4,000 metres of diamond drilling is anticipated at both Gindusa targets, with additional follow-up drilling later in the season contingent on receipt of further positive results.

Initial detailed investigations of the historic Latovo gold workings towards the east of the permit area will also be undertaken, commencing with a programme of detailed soil sampling.  Trenching and/or diamond drilling will be considered to follow-up significant gold anomalies outlined.

Soil sampling and trenching are expected to commence after snow melt in late Q1 2013, with diamond drilling due to commence during Q2 2013.

Based on the planned programme, Orogen anticipates achieving its 75% earn-in target on the Deli Jovan property on schedule during 2013.

Mutsk, Armenia

As set out in the Memorandum of Understanding with our partners Georaid CJSC over the Mutsk gold property on 22 January 2013, Orogen plans to complete a due diligence evaluation of this very promising epithermal gold property during Q3 2013.  Reported drill intercepts of up to 14.4m @ 1.09g/t Au are comparable to resource grades reported by Lydian International Ltd. at its Amulsar gold deposit, just 30km to the northwest.  The work programme will comprise re-logging and re-sampling of the existing drill core, a full geological appraisal by an epithermal deposit specialist and a short confirmatory diamond drill test, totalling about 500m.  Orogen may opt to proceed to a full joint venture on the property by the end of August 2013, whereby the Company can earn up to an 80% interest.

Orogen Gold Plc
(“Orogen” or “the Company”)
Holdings in Company

Orogen Gold, the AIM quoted mineral exploration company focused on gold exploration and development in Europe, has signed a Memorandum of Understanding (“MOU”) with Georaid CJSC (“Georaid”), an Armenian registered company, covering the Mutsk gold project in southern Armenia.

Highlights

• Exclusive right to undertake a confirmatory due diligence exploration programme over the 24km² exploration licence by the end of August 2013
• Option to earn an 80% interest in the property by spending a total of US$2.5m by the end of August 2016
• Drilling of seven shallow reconnaissance diamond drill holes by Georaid shows extensive alteration and gold mineralisation along a minimum 850m strike extent
• Prospect remains untested along strike and to depth
• Drill core assays up to 2.75g/t Au over 5m within a wider zone of 14.4m assaying 1.09g/t Au, subject to verification
• Located 30km southeast of Lydian International’s Amulsar gold deposit (2.3 million ounce open pit reserve @ 0.8g/t Au)

Orogen CEO, Ed Slowey, commented “While the Company’s primary focus remains firmly on the Deli Jovan gold project in Serbia, management is always open to exciting new gold exploration opportunities consistent with our geographical focus and expertise in south-eastern Europe.  The Mutsk project in Armenia represents a rare opportunity to acquire a project with early indications of significant gold mineralisation within an emerging epithermal gold district which includes Lydian International’s major Amulsar deposit.  Preliminary drilling has identified the new Mutsk gold discovery in this district which is open-ended, untested to depth and potentially open-pittable.  We look forward to updating shareholders over the coming months on progress of our initial evaluation programme at the site.

“In addition, at Deli Jovan, management has completed analysis of drilling and trenching results from the 2012 programme and will be updating shareholders shortly on plans for follow-up work on the primary targets in the current year.”

Mutsk MOU

The MOU signed with Georaid covers two phases of work on the Mutsk property.

• The Phase 1 Evaluation Programme runs to 31 August 2013 and gives Orogen an opportunity to conduct a confirmatory exploration programme, including a small diamond drilling component.  Minimum expenditure during this phase is set at US$150,000, which will be fully covered by the funds raised recently through the exercise of the Darwin Strategic Equity Finance Facility.
• Orogen then has the right to continue into Phase 2 of the programme, which runs to 31 August 2016.  For a total exploration spend of US$2.5m Orogen can earn an 80% interest in the project.

About the Mutsk Project

Mutsk is located in southern Armenia at about 2,000m elevation and is three hours’ drive from the capital Yerevan.  The site is accessible most of the year other than the core winter months.  A map showing the location of the project is available on the company’s website at http://www.orogengold.com/armenia-maps/

Very limited historic exploration had been carried out until the recent exploration by Georaid, which included seven shallow reconnaissance diamond drill holes totalling 355m over an 850m strike length.  Most of the holes intersected low sulphidation epithermal-type pyrite-gold mineralisation in altered and brecciated tuffs, similar in age to those that host the high sulphidation Amulsar deposit.  In a number of the holes the mineralisation is open to depth, with five of the holes reporting grades in excess of 0.5g/t Au.  Intercepts recorded include*:

*All holes are vertical.  Several of the intercepts may be more extensive than recorded above, as not all core was sampled and assayed. Where internal sampling gaps occur within the quoted intercepts, these have been conservatively ascribed a zero value.

Only 4km² of the permit has been mapped to date, with 2km² being covered by geophysical surveying. Initial interpretation suggests that the target extends to an area of at least 1,500m by 200m, with a possible strike extent of 3.5km.

Sampling, Assaying, and Quality Assurance / Quality Control

All recent work on the Mutsk property has been carried out by Georaid.  Drilling, logging and core sampling appears to have been carried out in a competent manner and remaining drill core as well as all project data has been viewed by Orogen.  Split core samples were assayed at the ISO 17025 accredited ALS Minerals analytical laboratory in Rosia Montana, Romania. QAQC in relation to core handling and sample preparation would require improvement to bring it to JORC standard and this will be addressed in the planned work programme.

Ed Slowey, CEO of Orogen, is a Competent Person as defined by various international instruments and takes responsibility for the release of this information.

Deli Jovan, Serbia – Overview

Following a successful first phase underground sampling and surface drilling programme at the historic Gindusa mine area in 2012 which demonstrated significant vertical continuity on the gold-bearing vein system there, as well as highly encouraging results from a trench at the Gindusa West prospect which intersected a 3 metre zone assaying @ 29.6g/t Au (see news release dated 5 December 2012), Orogen is now preparing its 2013 follow-up programme.  This will include further trenching and drilling on the priority targets at Gindusa as well as testing of the undrilled Latovo prospect.  The Company will provide an update to shareholders on the 2013 plan in due course.

Enquiries:

Orogen Gold Plc

Change of Adviser

Orogen Gold Plc, the AIM quoted mineral exploration company focused on gold exploration and development in Europe, is pleased to announce the appointment of WH Ireland Limited as its nominated adviser and broker with immediate effect.

ENDS

Enquiries:

Orogen Gold Plc
(“Orogen Gold” or “the Company”)
Re-pricing of Share Options

Orogen Gold Plc (ORE.L) the AIM listed European gold exploration company announces that is has re-priced the exercise price on a total of 200,000,000 share options held by directors of the Company from 0.95p per share to 0.60p per share. The share options are exercisable during the period 16 February 2012 and 15 February 2021.

The share options were originally granted in February 2011 at the time of the reverse takeover of Medavinci Plc by Orogen Gold Limited and after the Company’s share price had recorded substantial gains associated with the reverse takeover. The re-pricing brings the strike price of the options more into line with the current market price of the shares and should now deliver appropriate incentive and reward to the Board.

The rebasing of the exercise price of the Options to Directors is a related party transaction under the AIM Rules. Where a company enters into a related party transaction the independent directors of the company are required by the AIM Rules to consult with the company’s Nominated Adviser. In this case there are no independent directors and Zeus Capital, as the Company’s Nominated Adviser, therefore confirms that it considers the rebasing to be fair and reasonable in so far as Shareholders are concerned.

—  ENDS  —

Enquiries:

Orogen Gold plc
(‘Orogen’ or the ‘Company’)

Issue of Equity to raise £204,000

Orogen Gold Plc (AIM:ORE) is pleased to announce that it has raised £204,000, before expenses, under its £5 million Equity Financing Facility (“EFF”) with Darwin Strategic Limited (“Darwin”), a majority owned subsidiary of Henderson Global Investors Volantis Fund.

Under the terms of the EFF agreement the Company raised gross proceeds of £204,000 by way of the issue of 34,000,000 shares of 0.1p each to Darwin. The New Ordinary Shares have been issued at a price of 0.6p per share and will rank pari passu in all respects with the existing Ordinary Shares in Orogen.

The draw down on the EFF is the first undertaken by the company and the gross price per share represents a premium of 15% to the closing mid-market price per Ordinary Share on the 27^th December, being the latest practicable date prior to this announcement.

Application will be made to the London Stock Exchange for the 34,000,000 New Ordinary Shares to be admitted to trading on AIM. It is expected that the admission will become effective and that trading in the new Shares will commence on 7^th January 2013 (“Admission”).

Following Admission, the Company’s enlarged issued share capital will comprise of 2,179,172,453ordinary shares with voting rights. This figure of 2,179,172,453 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.

Ed Slowey, Chief Executive of Orogen Gold Plc, commented:

“We are very pleased to have further boosted Orogen’s cash resources at a significant premium to the current market price through the use of the Darwin EFF facility. The Company is now well funded to undertake the planned 2013 drilling and trenching programmes at our Deli Jovan gold project in Serbia. Given the successes achieved in 2012, we look forward to reporting further exciting news to shareholders in the coming year”.

ENDS

For further information, please contact:

Orogen Gold PLC

Orogen Gold Plc (“Orogen” or the “Company”)

Further Drill Results at Deli Jovan

New gold discovery cutting exceptional gold grades – three metres averaging 29.6 g/t gold in trench at the Gindusa West Prospect in Serbia

Orogen, the AIM listed mineral exploration company focused on gold exploration and development in Eastern Europe, is pleased to announce that it has received the remaining gold assay data from its recently completed exploration diamond drilling and trenching programme at Deli Jovan in Serbia.

Results include assays from the last three drill holes on the Gindusa main zone, four drill holes at the Gindusa West Prospect, four drill holes to test possible proximal strike extensions to the old Rusman gold mine and a trenching programme to test soil anomalies discovered in the Gindusa and Gindusa West areas.

Highlights

·     New zone of gold mineralisation in a trench at Gindusa West prospect 1.5km northwest of the historic mine, cutting eight metres averaging 12.3g/t gold including a three metre zone averaging almost 1 oz of gold (29.6g/t)  [http://www.orogengold.com/projects/deli-jovan-project/maps/]

·     Drilling at the Gindusa West prospect intersects previously unmapped underground workings and cuts several previously undiscovered mineralised veins.

·     Drill holes at the Gindusa mine area confirm continuity of the main mineralised lodes (previously reported in News Release on August 28, 2012).

Orogen CEO, Ed Slowey, commented “We are strongly encouraged by the exploration results from the Gindusa West area, where our initial work programme has discovered several new ‘blind’ gold-bearing quartz veins which are not apparent at surface. We are particularly excited by the new discovery in the west of the prospect where a shallow, high grade gold shear/vein zone was cut in an exploration trench testing a gold-in-soil anomaly. This lode was not previously found by the old miners and opens up the potential for a completely new vein system. Our first drilling and trenching at the prospect shows that there are important new discoveries to be made here.”

Further Details

The continuation of the drilling programme at Deli Jovan comprised 15 holes at several targets along the Deli Jovan Shear Belt, including completion of three infill drill holes at the Gindusa mine area, where results from the first fifteen holes of the programme were previously reported (see News Release dated August 28, 2012). Four holes were drilled at Gindusa West, 1.5km northwest of the Gindusa mine, with additional holes testing the Rusman zone and a number of outlying targets. In addition, a trenching programme was completed to test soil anomalies in the Gindusa and Gindusa West areas, with a view to identifying further targets for drill testing in 2013 [http://www.orogengold.com/projects/deli-jovan-project/maps/]

At Gindusa West, four holes were drilled to test the extension of a strongly mineralised gold vein, dipping at 50 degrees to the north, previously mapped and sampled by our JV partners, Reservoir Minerals, in an old shallow exploration adit. Soil anomalies in the area suggested that the vein system at Gindusa West might be more extensive than apparent underground. Three holes (DE-GEA1, 2 & 4) were drilled on a single profile to establish the depth continuity of the vein. DE-GEA2 had to be terminated early as it encountered previously unrecorded workings at 75.5m depth. The drilling demonstrated that the mineralised vein zone continues down dip for approximately 100m, maintaining a width of about one metre, and remains open to depth. Historic gold grades from underground channel sampling ranged from 0.5 to 48.9g/t Au, while drill grades of up to 3.28 g/t Au over 0.5m width from 64.0-64.5m depth were encountered in Orogen hole DE-GEA1. Of particular interest was the discovery of two parallel ‘blind’ quartz-pyrite veins beneath the previously known vein. One of these veins intersected in DE-GEA1 yielded 6.75g/t Au over a 0.95m intercept from 90.65-91.6m. These new veins are open to depth and along strike, and additional ‘blind’ veins may remain to be discovered in the area.

Further evidence of previously unrecorded gold-bearing quartz veining at Gindusa West was obtained from trench TAG2, which was sited about 250m to the west of the drill profile to test a gold anomaly located by soil sampling. This encountered a wide zone of alteration and shearing of the host gabbro which contained partially oxidised pyrite mineralisation and quartz veining. Assays of continuous chip/channel samples through this zone returned strong gold values, including a 3.0m zone assaying 29.55g/t Au within a wider 8.0m interval averaging 12.28g/t Au. Follow-up of this zone will be a priority for Orogen and several other soil geochemical anomalies also remain to be tested in this area.

The additional infill holes at the Gindusa mine, DE-16, DE-17 and DE-18, were located within the northern part of the approximately 300-metre strike length segment of the shear zone tested in this first phase of the drilling programme. These confirmed internal continuity of the shear/alteration/mineralised zones seen in the earlier holes, with values up to 2.91g/t over 0.5m from 240.35m to 240.85m in DE-18. When viewed in the context of previously reported drill intersections on adjoining sections, this shows the grade variability that is to be expected within a mesothermal lode gold deposit.

A detailed overview of the Gindusa mineralised zones based on mapping and core logging was carried out by Dr Dave Coller, a structural geological specialist. He commented in his preliminary but detailed report that “the mineralised shear zone at the Gindusa Mine area comprises multiple quartz lenses and is likely to be steep plunging, with overall depth continuity, possibly to considerable depth”. It was further concluded that “while it is possible to develop extensive shear zones laterally and vertically, gold grade will vary considerably when intersected in core.” Further work on modelling continuity of the vein system is ongoing.

Preliminary drilling at the old Rusman mine has confirmed the conclusions from earlier underground mapping and sampling and has down-graded this prospect. Given the strong encouragement obtained on the northern segment of the shear belt at the Gindusa Mine Zone and Gindusa West, including the new trench discovery, Orogen will focus its activities on this sector of the belt.

There has been a relatively small amount of drilling at this stage on both the Gindusa Mine and Gindusa West targets. The main objective of this first phase of drilling at Gindusa was to drill for structure and to test whether the lodes continued at depth beneath the old workings. The Company has been very pleased with the outcome and the bonus of intersecting ‘blind’ mineralised structures beneath the lodes exploited by the old miners at both areas. The next phase of drilling will help us to build a structural model of the vein system to understand the controls on location and orientation of probable high-grade shoots for detailed drill testing.

Following the recent share placing and the arrangement of a finance facility through Darwin Strategic, Orogen is very strongly placed to follow through with a work programme to further test and define the gold potential at Deli Jovan.

Sampling, Assaying, and Quality Assurance / Quality Control

Orogen’s drill core splitting and sampling conforms to industry-wide good practice, with chain of custody being observed for all samples. Gold analysis is undertaken by ALS Chemex at its laboratory in Romania and the Company maintains QA/QC on all analytical work via the use of certified reference materials and blank samples in addition to monitoring of internal laboratory check-analyses.

Ed Slowey, CEO of Orogen is a Competent Person as defined by various international instruments and takes responsibility for the release of this information.