Oroco Announces Private Placement Financing

Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a private placement (the “Offering”) for gross proceeds of up to $13,600,000 from the sale of up to 8,000,000 units of the Company (each, a “Unit”) at a price of $1.70 per Unit. Each Unit will consist of one common share of the Company and one share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $2.40 for a period of 24 months from the closing date of the Offering.