Orosur Mining Inc. Completes Private Placement

Orosur Mining Inc. Completes Private Placement

Orosur Mining Inc.

Orosur Mining Inc. ("OMI" or the "Company") (TSX VENTURE: OMI) (LSE: OMI), the South American-focused gold producer and explorer, is pleased to announce that it has completed the previously announced private placement (the “Offering”) of Common shares of the Company (the “Common Shares”) at a price of 66 pence per Common Share for gross proceeds of £8,250,726.

Canaccord Genuity Limited acted as agent for the Offering and was paid a commission comprised of (i) 5 percent of the gross proceeds raised in the Offering in cash, and (ii) 562,550 broker warrants equivalent to 4.5% of the number of Common Shares issued under the Offering, with each broker warrant entitling the holder thereof to acquire a Common Share at an exercise price of 66 pence per Common Share until the date that is 18 months from the closing date of the Offering.

The securities issued pursuant to the Offering (both the Common Shares and the broker warrants) are subject to a Canadian hold period expiring October 21, 2011.

The proceeds of the Offering will be used to make payments in respect of the proposed acquisition of the Talca gold property, Talca exploration and further potential acquisitions and exploration in the Talca district.

ENDS

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the use of proceeds. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the completion of expenditures and the completion of the acquisition of the Talca gold property.

About Orosur Mining Inc.

Orosur Mining Inc. is a fully integrated gold producer and exploration company focused on identifying and developing gold projects in Latin America. The Company operates the only producing gold mine in Uruguay (San Gregorio), and has assembled an exploration portfolio of high quality assets in Uruguay and Chile. The Company is quoted in Canada (TSX-Venture Exchange: OMI) and London (AIM: OMI).

Orosur Mining Inc
David Fowler, CEO
Ignacio Salazar, CFO + 598 2601 6354
[e-mail]
or
Canaccord Genuity Limited (Sole Bookrunner and Placing Agent)
Mark Williams, [phone]
Ryan Cohen, [phone]
Peter Stewart, [phone]
Bhavesh Patel + 44 (0) 207 050 6751
or
Matrix Corporate Capital LLP (Nominated Adviser & Broker)
Robin Henshall: [phone]
or
Blythe Weigh Communications (Public Relations and Investor Relations)
Tim Blythe: [phone]
Ana Ribeiro: [phone]
Matthew Neal: [phone]