Torex Gold (Gleichen) to list on the TSX

Gleichen Receives Conditional Approval to List on the Toronto Stock Exchange

TORONTO, ONTARIO–(Marketwire – Feb. 3, 2010) -

Gleichen Resources Ltd. (TSX VENTURE:GRL) (“Gleichen” or the “Company”) is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange (the “TSX”) to list the common shares (the “Common Shares”) and Common Share purchase warrants (the “Warrants”) of the Company on the TSX subject to the Company fulfilling all of the requirements of the TSX within 90 days.

“Graduation to the TSX is considered to be an important milestone to Gleichen as it is expected to provide the Company with improved access to capital, broader market recognition and exposure to new business prospects” said Fred Stanford, President and CEO of Gleichen.

Gleichen Resources Ltd. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 78.8% of the Morelos Project, an advanced stage gold exploration property, located 180km southwest of Mexico City and has exercised its right of first refusal to buy the remaining 21.2%. The Company’s Board of Directors has approved a change of the Company’s name to Torex Gold Resources Inc., pending approval at its next annual and special meeting of shareholders.

CONTACT INFORMATION:
Gleichen Resources Ltd.
Fred Stanford
President and CEO
(647) 260-1502
fred.stanford@gleichenresourcesltd.com

or

Gleichen Resources Ltd.
Gabriela M. Sanchez
Vice President Investor Relations
(647) 260-1503
gabriela.sanchez@gleichenresourcesltd.com
www.gleichenresourcesltd.com

Dundee research coverage Gleichen Resources, ( Torex Gold Resources )

Gleichen Resources Ltd., (GRL-V) burst into the limelight in August 2009 when it announced that it had entered into an agreement to acquire 78.8% of the 3.9 million ounce Morelos Gold project, located in Guerrero, Mexico. Since then the company successfully completed an C$241.5 million equity financing, closed the deal and just last week announced that it intends to exercise its right of first refusal to acquire the remaining 21.2% for not less than C$52 million. Armed with a new management team and Board, Gleichen intends on completing a 24,000 metre combined exploration and in-fill drill campaign starting in 2010 and plans to complete a pre-feasibility assessment of the economics to develop either an open pit or combined open pit underground gold mine. We estimate that production could commence as early as calendar 2014, following a US$340 million capital investment to construct the mine. Based on our model, we estimate Morelos could produce on average 206,000 ounces of gold at total cash costs of US$340 per ounce. The current resource would support an 11-year mine life, but the potential to add to the resource and consequently extend the mine life is believed to be excellent.

Full report here .. very comprehensive!

http://research.dundeesecurities.com/Research/GRL012610.pdf

Oromin PR, objectives for 2010

OROMIN Suite 2000, Guinness Tower, 1055 West Hastings Street, Vancouver, B.C. Canada V6E 2E9
EXPLORATIONS LTD. Tel: (604) 331-8772 Toll-free (877) 529-8475
Fax: (604) 331-8773 E-mail: info@oromin.com

January 29, 2010 Trading Symbol: TSX – OLE
OTC/BB – OLEPF
Web Site: www.oromin.com

Oromin provides Exploration and Development Highlights and 2010
Objectives for OJVG Sabodala Gold Project

Oromin Explorations Ltd. (“Oromin”), on behalf of the Oromin Joint Venture Group (OJVG), is
pleased to review exploration and development highlights and 2010 objectives for the OJVG
Sabodala Gold Project in eastern Senegal, West Africa.
Continuing Successful Exploration Results and Development Progress in 2009:
• 212 sq km property position in West Africa’s fastest growing gold camp, with one
operating mine and more than 10 million ounces of gold resources reported to date by
the various Companies with holdings in this camp.
• Oromin has defined 7 gold deposits, 4 new discoveries and 18 gold targets within a 22-
km-long, 5-to-8-km wide, northeast-trending structural corridor within the OJVG
Concession.
• Eastern Side of the Corridor hosts four Golouma Style Higher Grade deposits with
combined open-pit and underground potential, similar to shear-hosted vein-type deposits
hosted in greenstone belts, as occur in Canada’s Kirkland Lake and Red Lake gold
camps and Ghana’s producing gold camps in West Africa. These gold camps are known
for deposits with high gold grades, considerable lateral and vertical extensions and very
long mine lives.
• Western Side of the Corridor hosts three Masato Style Bulk Tonnage open-pit deposits,
numerous similar targets and prospects, as well as the adjacent Sabodala open-pit gold
deposit being mined by Mineral Deposits Limited (MDL) of Australia at its 20-sq-km
concession.
• Existing resource of 2.19 M oz. Indicated and 0.35 M oz. Inferred is based on drilling
only to May 2009 and does not include mineralization drilled below conceptual open
pits used to constrain this resource calculation or drilling of five new discoveries, one of
which, Kourouloulou, has been upgraded to deposit status. For resource details please
refer to Oromin’s News Release dated November 20, 2009.
• Preliminary CIL metallurgical results are excellent, yielding recoveries of 90% at
Golouma West and Golouma South, 95% at Masato and 96% at Kerekounda.
• 184 holes (130 core, 39 RC and 15 exploration holes) drilled since the May 2009
resource calculation to year-end 2009, successfully focused on adding deep higher-grade
underground resources at Kerekounda and other advanced deposits and developing new
higher grade open-pit resources at Kourouloulou and several other recent discoveries.
• Financings totalling $26.9 Million completed in 2009, primarily to advance Sabodala,
resulting in IAMGOLD acquiring a 16% equity stake in Oromin.

2010 Objectives
• Government Mining Permit expected shortly, following recent approval of the
Company’s Strategic Environmental Evaluation (SEE) Report.
• Upgraded feasibility study in progress and scheduled for completion at the end of Q2
2010, to allow OJVG to fast-track development of the project.
• Decision to advance to feasibility rather than optimize the August, 2009 engineering
study based on rapidly expanding potential of the project.
• Q2 2010 Feasibility Study will be based on an updated resource estimate for five
advanced deposits (Golouma West, Golouma South, Masato, Kerekounda,
Kourouloulou) and two other deposits (Niakafiri SE and Maki Medina).
• Feasibility Study to focus on a proposed open-pit/underground mine complex, with
initial production from five deposits feeding a central carbon-in-leach (CIL) mill with a
capacity of 4,400 tonnes per day (TPD). Mill capacity can be increased to about 7,000
TPD when processing soft oxide and saprolite ores.
• Preliminary gold recoveries of 80% for Masato’s oxide mineralization suggest potential
for future heap leach mining. This opportunity will continue to be evaluated, however
the higher daily throughput option (CIL) currently appears more favourable.
• Four drills presently assigned to feasibility engineering and geotechnical drill program.
• Three additional drills being mobilized to continue advanced exploration and resource
drilling including deeper evaluation targeting higher-grade underground resource
expansion at all of the known deposits.
• OJVG working towards reporting resources at four new discoveries – Golouma
Northwest, Kobokoto, Koulouqwinde and Koutouniokollo – after completion of the
Feasibility Study.
• Regional exploration will aggressively continue to evaluate 18 high-potential gold
targets.
• Environmental and Social Impact Assessment to be completed in 2010.
• Social programs and community consultation have resulted in strong government and
local support for the project and will continue in the years ahead.
Drilling Extends Mineralization at Deposits and Expands Resource Potential
Previous resource drilling (to May 2009) has focused on the Golouma Style Higher Grade
deposits (Golouma West, Golouma South, Kerekounda and Kourouloulou) on the Eastern Side
of the Corridor and the Masato Style Bulk Tonnage open pit deposits (Masato, Niakafiri SE and
Maki Medina) on the Western Side of the Corridor. (See attached map and resource table).
More recent drilling is primarily focused on outlining additional resources at the Golouma area
deposits within the Golouma Style Higher Grade Gold Trend, including drilling the high-grade,
down-dip extensions of current indicated resources at the Kerekounda, Golouma West and
Golouma South Deposits and defining two recent high-grade discoveries, Kourouloulou
(formerly Epsilon) and Koulouqwinde (formerly Cloverleaf).
These deposits are all situated within easy trucking distance of each other. Potential exists for
some of the higher grade deposits to coalesce at depth.
Underground drill testing is generally on 20-metre spacings; initial open-pit testing is on 40-
metre spacings and is reduced to 20-metre spacings where deemed necessary.
The attached tables set out selected historic and recent drilling results at each of the advanced
deposits with existing resources, or which have been or are poised to be upgraded to deposit
status.
Golouma Style Higher Grade Gold Trend
Golouma West Deposit:
• 24 new core holes have been drilled at Golouma West beyond the drill-holes used in last
year’s resource estimate. This drilling has targeted higher grade mineralization as deep
step-out holes, both down-dip and laterally from previously defined Indicated
Resources. Drilling thus far has tested the Golouma West deposit over a strike extent of
1,100 metres and to average down-dip depths of 420 metres. Favourable results have
confirmed expansion opportunities both laterally and to depth at this advanced open-
pit/underground deposit.
• Recent highlights include hole DH-539, which returned 17.54 g/t gold over 10 metres,
and hole DH-617, which returned 10.04 g/t gold over 8 metres. Hole DH-617 is the
deepest down-dip intersection within one of the high-grade shoots comprising the
underground mining opportunity at the Golouma West deposit. The 10.04 g/t gold over
8 metre intersection in hole DH-617 is located at a down-dip depth of 350 metres, 30
metres further down-dip below DH-539, and is an excellent example of resource-
additive higher grade targeting of the underground deep-drilling resource program.
• The Golouma West Deposit remains open for expansion both to depth and to the North
and South on the Western limb.
Golouma South Deposit:
• Nine new core holes have been drilled at Golouma South beyond the drill-holes used in
last year’s resource estimate. This drilling has also targeted higher grade mineralization
as deep step-out holes, both down-dip and laterally from previously defined indicated
resources. Drilling thus far has tested the Golouma South deposit over a strike extent of
650 metres and to average down-dip depths of 250 metres.
• Favourable results to date have confirmed expansion opportunities laterally and at depth
at this advanced open-pit/underground deposit.
• Recent deep drilling results continue to intersect strong mineralization beyond previous
resource outlines including 8.01 g/t gold over 6 metres and 12.24 g/t gold over 7 metres
both of which are in excess of 250 metres depth. The deposit remains open for
expansion both to depth and laterally along trend.
Kerekounda Deposit:
• 24 new core holes and 13 RC holes have been completed to year-end 2009 since the
previous resource estimate, primarily as deep step-outs targeting higher grade
mineralization both down-dip and laterally from previously defined Indicated Resources.
These successful holes have confirmed that the higher grade zones comprising the
combined open-pit/underground deposit remain open to expansion, both laterally and to
depth, providing a future resource expansion opportunity. Drilling thus far has tested the
Kerekounda deposit over a strike length of 390 metres and to average down-dip depths
of 450 metres. Results from these holes will be included in the Q2 2010 resource
update.
• Drilling highlights include 15.33 g/t gold over 12 metres and 10.12 g/t gold over 13
metres and 25.34 g/t gold over 7 metres. Recent deep drilling continues to return
positive results, notably 7.17 g/t gold over 9 metres and 7.89 g/t gold over 4 metres both
of which are below 350 metres in depth.
• The deposit remains open for expansion both to the south and to depth.
Kourouloulou Deposit (formerly Epsilon):
• 66 new core holes and 3 new RC holes were drilled at this newly discovered open-
pit/underground deposit. This drilling outlined a multiple quartz vein system over a
strike length of 220 metres and to depths of 200-225 metres. Results from these 69
holes (plus subsequent holes completed in advance of the data cut-off date) will be
included in the Q2 2010 resource update.
• Recent highlights include: 23.53 g/t gold over 12 metres, 10.20 g/t gold over 12 metres,
196.27 g/t gold over 4 metres and 24.56 g/t gold over 7 metres.
• The deposit remains open for expansion both to depth and to the west.
Masato Style Bulk Tonnage Gold Trend
Oromin has also completed limited additional drilling at the bulk-tonnage deposits on the
Western Side of the Corridor (see attached map). These deposits are similar to or extensions of
the two main deposits being mined at MDL’s newly commissioned Sabodala Mine, which
reports 3.5 million ounces in total resources.
• Masato: This deposit has significant oxide mineralization and offers excellent potential
to expand existing bulk-tonnage resources (1.22 M oz. Indicated and 71,000 oz.
Inferred) as it encompasses multiple parallel zones traced over 2 km on surface. It also
may have higher grade underground potential, as shown by recent drilling results:
notably 8.92 g/t gold over 9 metres; 14.12 g/t gold over 8 metres; 17.26 g/t gold over 12
metres; and 48.54 g/t gold over 2 metres. Additional deep drilling will further test this
advanced deposit’s underground potential.
• Niakafiri SE: This deposit also has significant oxide mineralization potential and
represents the southern extension of MDL’s Niakafiri Deposit (540,000 oz.) to the
north. The most recent resource calculation has outlined an initial inferred resource of
119,000 ounces at the Niakafiri SE deposit. It is coincident with an 8-km-long gold-in-
soil geochemical anomaly associated with the Masato Deposit to the north, but has only
been tested by limited drilling over a 900-metre extent and remains open for expansion
both along trend and to depth. Resource expansion drilling is planned for the second
half of 2010.
• Maki Medina: Only limited wide-spaced shallow drilling has been completed to date
over a 1.2-km extent. The most recent resource calculation has outlined an initial
inferred resource of 70,000 ounces at Maki Medina. This deposit has significant oxide
potential based on the limited drilling completed and remains open for expansion both
laterally and to depth. Resource expansion drilling is planned for Q1 of 2010.
Emerging Deposits and Priority Targets
The district-scale OJVG Sabodala Project offers excellent potential for significant new deposits,
with 4 new discoveries and 18 targets identified to date (in addition to 7 deposits listed above).
The most advanced of these, Koulouqwinde, is poised to become the newest deposit.

Koulouqwinde (formerly Cloverleaf):
• 20 new RC holes and 1 new core hole have been drilled to follow up previous
favourable results at this high-potential target. Drilling has now tested the
Koulouqwinde vein system over a strike extent of 200 metres and to a down-dip depth
of 150 metres. Koulouqwinde remains open for expansion both laterally and to depth.
Results to date suggest it will soon be categorized as the newest gold deposit, offering
both a higher grade open-pit and an underground mining opportunity for OJVG. The
objective of recent drilling is to gather sufficient drill data for inclusion in the Q2 2010
resource update.
• Significant results from recent drilling include: 14.24 g/t gold over 7 metres and 13.13
g/t gold over 3 metres, 5.89 g/t gold over 5 metres, 16.60 g/t gold over 1 metre, 41.99 g/t
gold over 1 metre and 96.45 g/t gold over 1 metre.
Kobokoto South
• Kobokoto South is part of the broad Kobokoto target area which is comprised of
multiple gold-in-soil geochemical targets within windows of a lateritic-covered plateau
measuring at least 2,500 by 3,000 metres.
• Recent trenching at Kobokoto South has confirmed near-surface oxide mineralization
similar to that occurring at the Masato, Niakafiri SE and Maki Medina Deposits (Masato
Style Bulk Tonnage deposits). Trenching highlights include: 1.25 g/t gold over 35
metres, 1.91 g/t gold over 9 metres; and 3.42 g/t gold over 5 metres. Additional
trenching and exploration drilling are planned for Q1 2010, with resource drilling to
follow in Q2 2010.
Koutouniokollo
• This newest priority target is situated south of the Golouma West, Golouma South,
Kerekounda, Kourouloulou deposits and the Koulouqwinde target within the Golouma
Style Higher Grade Gold Trend. New trenching results show potential for both bulk-
tonnage and higher grade deposits within two separate mineralized trends. Trenching
has thus far tested the 200 metre by 400 metre gold-in-soil geochemical target, which is
coincident with a topographic high within a very extensive area of lateritic cover.
• Trenching of the bulk-tonnage NE-oriented structure returned 1.45 g/t gold over 36
metres. Trenching of the higher grade NW trend returned 2.84 g/t gold over 3 metres;
16.37 g/t gold over 3 metres and 42.76 g/t gold over 3 metres. Additional trenching
through the lateritic cover along the mineralized trends is planned for Q1 2010, with
initial resource drilling to follow.
Golouma NW
• This priority target consists of a northwest-trending, shear-hosted quartz vein system
coincident with a gold-in-soil geochemical target measuring approximately 450 metres
by 100 metres. Initial drilling results include 6.66 g/t gold over 5 metres and 2.21 g/t
gold over 10 metres. More drilling is planned for Q2 2010.
Feasibility Study
The Feasibility Study being prepared by SRK Consulting and Ausenco Limited is estimated to
cost $3.2 million, exclusive of geotechnical drilling and environmental permitting costs, and is
scheduled for completion by the end of June 2010.

The upgraded study will examine mining sequences, production schedules and project
economics for the bulk-tonnage Masato Deposit and four higher-grade open-pit/underground
deposits — Golouma South, Golouma West, Kerekounda and Kourouloulou (and possibly
others) — and also include further metallurgical testwork to confirm CIL-only process
recoveries in the range of 90% to 96% for these five deposits. See our January 19/2010 news
release for further details.
Doug Turnbull, P. Geo., is a qualified person for the purposes of National Instrument 43-101,
and has verified the data disclosed in this news release. William Bond, P. Geo., is also a
qualified person for the purposes of National Instrument 43-101, and has supervised geologic
field procedures. TSL Laboratories in Saskatoon carried out all assaying under industry-
standard QA/QC procedures.
To find out more about Oromin Explorations Ltd., visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.

“Chet Idziszek”
Chet Idziszek, President

Cautionary Statement
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other
than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and
objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without
limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove
to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from our expectations are disclosed in the Company’s documents filed from time to time via SEDAR
with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of
management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should
conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks
associated with mineral and oil & gas exploration, price volatility in the commodities we seek, and operational and political risks.

Gleichen takes 100% of Morelos! Changes name to Torex Gold Resources, and appoints new management

January 21, 2010
Gleichen To Exercise Right Of First Refusal To Own 100% Interest In Morelos Gold Project
Toronto, January 21, 2010 — Gleichen Resources Ltd. (GRL — TSX-V) (“Gleichen” or the “Company”) “) is pleased to announce that it has decided to exercise its right of first refusal to acquire from Desarrollos Mineros San Luis, S.A. de C.V., a wholly-owned subsidiary of Goldcorp Inc. (“DMSL”), all of the shares in the capital of Minera Media Luna, S.A. de C.V. (“MML”) held by DMSL, representing 21.2% of the issued and outstanding shares of MML. Gleichen, through its direct and indirect subsidiaries, currently holds the other 78.8% of the issued and outstanding shares of MML. MML holds a 100% interest in the Morelos gold project in Mexico (the “Project”).

“This is a marvelous opportunity to consolidate this asset under one single ownership structure,” said Fred Stanford, President and CEO of Gleichen, “we are certainly looking forward to starting our exploration work and be in a position to consistently deliver updates on our progress”, he added.

On December 2, 2009 Goldcorp and Newstrike Capital Inc. (“Newstrike”) announced that they had entered into an agreement for the sale of DMSL’s 21.2% in the Morelos project to Newstrike for CDN$44.5 million and 15 million common shares of Newstrike, subject to Gleichen’s right of first refusal. As required under its right of first refusal, Gleichen intends to purchase DMSL’s interest in the Project for not less than the consideration payable by Newstrike under its agreement with Goldcorp.

Completion of the transaction will be subject to the execution of a definitive agreement with Goldcorp, which will contain customary terms and conditions for a transaction of this nature, including stock exchange approvals.

Gleichen Resources Ltd., is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 78.8% of the Morelos Project, an advanced stage gold exploration property, located 180km southwest of Mexico City. The Company trades on the TSX Venture Exchange under the symbol GRL. The Company’s Board of Directors has approved a change of the Company’s name to Torex Gold Resources Inc., pending approval at its next annual and special meeting of shareholders.

For further information, please contact:
GLEICHEN RESOURCES LTD.
Fred Stanford
President and CEO
Tel. (647) 260-1502
Email: fred.stanford@gleichenresources.com

Gabriela M. Sanchez
Vice President Investor Relations
Tel. (647) 260-1503
Email: gabriela.sanchez@gleichenresources.com

Gleichen Appoints New Management Team
Toronto, January 21, 2010 — Gleichen Resources Ltd. (GRL — TSX-V) (“Gleichen” or the “Company”). Fred Stanford, President and CEO of Gleichen, on behalf of The Board of Directors, is pleased to announce the appointment of the new management team that has been assembled to transition the Company into its development stage.

Fiona Childe, Ph.D., P.Geo, Vice President Exploration and Corporate Development, is an experienced exploration geologist with over 15 years in the mining industry where she has held senior management positions. Dr. Childe has been involved with the exploration and development of mineral projects worldwide with an emphasis on gold and base metal deposits in the Americas and Africa where she has also conducted technical and financial evaluations of mining assets.

Andrew Gottwald, CA, Chief Financial Officer, in his over 15 years experience in the financial services and mining industry, has held senior management positions with companies transitioning from the exploration stage through development and into commercial production. Mr. Gottwald’s experience includes the negotiation and completion of equity and debt financings, development and implementation of accounting, reporting and procedural systems appropriate for growing companies and for ongoing regulatory and accounting changes.

Gabriela Sanchez, Vice President Investor Relations with over 20 years experience in the mining industry, has held senior management positions with emerging gold mining companies and successfully raised their profiles within the investment and analyst communities. In her role, Ms. Sanchez will be responsible for the planning and execution of the investor relations, communications and markets strategy for the Company.

“I am delighted to welcome Fiona, Andrew and Gabriela into the management team of Gleichen”, said Fred Stanford, President and CEO. “They bring a tremendous wealth of experience in our industry and most important, they all come with a solid reputation in their respective fields of expertise. Their energy, commitment to shareholders and high standards will prove priceless and are a perfect fit into the model and values of this new Company”, he added.

In connection with the appointment of the foregoing management team, Peter Miller has resigned as Chief Financial Officer, Sandra Lee has resigned as Corporate Secretary, the Company has moved its head office to Toronto, Ontario and Jay Goldman, partner at Cassels Brock and Blackwell LLP, has been appointed Corporate Secretary.

The Company also announces that a total of 13,300,000 options to purchase common shares of the Company have been granted to directors, officers and consultants expiring on January 21, 2015. The options will be exercisable at the closing price of the common shares on the date that is 48 hours after all Company imposed black outs have been lifted. The Company currently has 287,647,455 issued and outstanding shares.

Gleichen Resources Ltd., is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 78.8% of the Morelos Project, an advanced stage gold exploration property, located 180km southwest of Mexico City. The Company trades on the TSX Venture Exchange under the symbol GRL. The Company’s Board of Directors has approved a change of the Company’s name to Torex Gold Resources Inc., pending approval at its next annual and special meeting of shareholders.

For further information, please contact:
GLEICHEN RESOURCES LTD.
Fred Stanford
President and CEO
Tel. (647) 260-1502
Email: fred.stanford@gleichenresources.com

Gabriela M. Sanchez
Vice President Investor Relations
Tel. (647) 260-1503
Email: Gabriela.sanchez@gleichenresources.com

Treasury Metals drills 6.5 m of 17.8 g/t Au at Goliath

Width and grade are increasing! .. this added to the new property they bought last month lead me to believe they are on to something to the west!..

the stock didnt do much today with the drop in gold but i believe it will make a steady climb from here .. with more results to come..

drilling starts in FEB ..

great burn rate here .. the property is close to the highway and the field office doubles as the core shack..

good smart people, great project = caliche making $$

warmest regards

check out the Corporate presentation

http://www.treasurymetals.com/pdfs/TML_Corp-TL_Presentation_Oct29_09.pdf

Treasury Metals drills 6.5 m of 17.8 g/t Au at Goliath

Treasury Metals Inc (C:TML)
Shares Issued 33,478,437
Last Close 1/19/2010 $0.55
Wednesday January 20 2010 – News Release

Mr. Scott Jobin-Bevans reports

TREASURY METALS INTERSECTS ADDITIONAL HIGH-GRADE GOLD IN WESTERN AREA OF MAIN ZONE, GOLIATH GOLD PROJECT

Treasury Metals Inc. has released further high-grade gold assay results from its recently completed 4,500 metre (31 drill holes) diamond drilling program at the Goliath Gold Project. These latest assay results further confirm the presence of a high-grade gold ore shoot within the western area of the Main Zone, Thunder Lake Gold Deposit.

These results confirm continuity of the Main Zone of gold mineralization west of the current resource having similar intersection widths and high gold grades. Of particular significance is hole TL09-84, located in the westernmost section (and near surface) of the current resource, which returned an intercept of 17.80 g/t Au over 6.5 metres including 59.02 g/t Au over 1.5 metres. The mineralization in this area of the deposit remains open at depth and to the west for more than 1.5 kilometres which includes the newly acquired extension of the Goliath Gold Project (see press release dated 15/12/09).

Scott Jobin-Bevans, Treasury’s President and CEO, said, “These drill hole results validate our model that multiple high-grade gold ore shoots exist within the current resource and that the western portion of this resource can be expanded through delineation and targeting of these high-grade structures. This particular shoot is modelled over a strike length of about 200 metres and shows excellent potential for vertical continuity that we will test in subsequent drilling programs.”

Significant gold intersections from the current 4 drill holes (TL09-78 through TL09-80 and TL09-84) include:

—————————————————————————-
Drill Hole From (m) To (m) (i)Interval (m) Au (g/t) Comments
—————————————————————————-
TL09-78 75.60 77.00 1.40 6.53 within westernmost
area of resource
—————————————————————————-
TL09-79 34.30 35.50 1.20 2.07 within westernmost
area of resource
—————————————————————————-
TL09-80 119.50 120.50 1.00 8.41 within westernmost
area of resource
—————————————————————————
TL09-84 67.50 74.00 6.50 17.80 within westernmost
area of resource
—————————————————————————-
including 67.50 70.50 3.00 37.74 (averaged
– see note below)
—————————————————————————-
including 67.50 69.00 1.50 59.02 –
—————————————————————————-
(i)intervals represent approximate true widths

Results from the sample interval 67.50 to 70.50 metres consisted of two 1.5 metre samples that are derived from the original assay result and coarse reject duplicates. The original two samples assayed 77.07 g/t Au over 1.5 metres and 19.38 g/t Au over 1.5 metres resulting in an average of 48.23 g/t Au over 3.0 metres. The coarse duplicate samples assayed 40.97 g/t Au over 1.5 metres and 16.46 g/t Au over 1.5 metres resulting in an average of 28.71 g/t Au over 3.0 metres. Comparisons are made in the following table:

—————————————————————————-
Drill Hole From (m) To (m) Interval (m) Sample Original Reject Duplicate
Au (g/t) Au (g/t)
—————————————————————————-
TL09-84 67.50 69.00 1.50 706294 77.07 40.97
—————————————————————————-
TL09-84 69.00 70.50 1.50 706295 19.38 16.45
—————————————————————————-
TL09-84 67.50 70.50 3.00 Average: 48.23 28.71
—————————————————————————-

Assays continue to be reported, reviewed and interpreted and results from the remaining 5 drill holes of the Phase 2 drilling program are expected to be released by the end of this month. Previous drill hole results from this program were reported on December 14th, 2009 and January 13th, 2010.

This latest drilling program was designed to test the area immediately west and along strike of the current mineral resources of the Thunder Lake Gold Deposit. The majority of drill holes were collared at 25 metres intervals in order to better target for high-grade gold ore shoots and in preparation of building further resources. As results of the core sample assays become available they will be press released and posted on the Company website, along with collar locations and associated maps.

The Thunder Lake Gold Deposit contains more than 1.0 million estimated ounces of gold, consisting of 130,000 indicated ounces (820,000 tonnes at 4.8 g/t Au; Main Zone) and 920,000 inferred ounces (7,000,000 tonnes at 4.1 g/t Au; All Zones), using a cut-off grade of 2.0 g/t Au (see NI 43-101 report – “Report on the Goliath Project, Kenora Mining Division, Northwestern Ontario, Canada” dated December 19, 2008 – filed on SEDAR). Mineral resources are not mineral reserves and by definition do not demonstrate economic viability. Drilling of the Thunder Lake Gold Deposit to date as intersected the Main Zone over a strike length of about 1,700 metres, with thicknesses of 0.5 to 30 metres (average width of 7.6 metres at 0.5 g/t Au cut-off) and a high-grade core with an average width of 1.9 metres (3.0 g/t Au cut-off).

Technical information in this press release has been reviewed and approved by Scott Jobin-Bevans, Treasury Metals’ President and CEO, who is a qualified person under the definitions established by National Instrument 43-101. For additional information on Treasury Metals and its projects, please visit the Company’s website at www.treasurymetals.com.

Did someone light a fire?

Did someone light a fire under Chet? The end of the standstill agreement which expired today can not be ruled out as motivation.

The news today was both welcome and unexpected. We have terminated all sell programs at this time to further assess the developments outlined in the release.

If 7 drills are to be spinning on the property and there are indeed updates imminent from the remaining drilling of the 2009 program, significant upside may be just around the corner. I believe the later parts of the drilling concentrated on the high grade deposits and if they can pull a couple of big holes there we could garner some well needed attention.

also of note is the recoveries have gone up from 86 to 88% up to 96%… this will significantly affect the poor IRR that was reported last update.

The tone of this news points toward Oromin becoming the second gold producer in Senegal behind MDL.

Using the 7000 ton/day figure and not feeding any high grade ore Oromin is posed to be a 100,000 ounce producer in its first year!

OROMIN UPGRADES SABODALA GOLD PROJECT FEASIBILITY STUDY

January 19, 2010 Trading Symbol: TSX – OLE
OTC/BB – OLEPF
Web Site: www.oromin.com

OJVG UPGRADES SABODALA GOLD PROJECT
FEASIBILITY STUDY

HIGHLIGHTS
• OJVG Undertaking a Higher Level Feasibility Study Than Initially Planned
• Q2 2010 Resource Update to Form Basis of Upgraded Feasibility Study
• Four Drills Assigned to Feasibility Engineering and Geotechnical Drill Program
• Three Additional Drills Being Mobilized to Continue Advanced Exploration and
Resource Drilling

Oromin Explorations Ltd. (“Oromin”), on behalf of the Oromin Joint Venture Group (“OJVG”), is
pleased to provide an update with respect to the feasibility study on its Sabodala Gold Project in
eastern Sénégal, West Africa. OJVG has increased the scope and technical level for this feasibility
study. This will result in it representing a significantly higher level study than the August 2009
preliminary feasibility study and will be more than simply an optimization of the previous study.

This upgraded feasibility study is on schedule for completion by the end of June 2010. The study,
estimated to cost approximately $3.2 million exclusive of geotechnical drilling and environmental
permitting costs, is being prepared by SRK Consulting and Ausenco Limited. The objective of the
upgraded study is to permit OJVG to fast track development of the Sabodala Gold Project.

Since the completion of the August 2009 study, technical efforts have focussed on updating the
resource models and optimizing the project concept. Work to be undertaken from this point
onward will refine engineering designs and associated cost estimates. Aspects of the study
completed or currently underway include the following:

o Resource models for Masato, Golouma South, and Kerekounda deposits will have been
updated with recent drill results by month end. The resource models for Golouma West
and Kourouloulou deposits will be updated in February following receipt this month of the
outstanding assay results from 2009 drilling. These five deposits will form the basis for the
production schedule and project economics to be outlined in the feasibility study.

o Detailed geotechnical investigations will be completed for Golouma West, Golouma South,
and Kerekounda by month end and are in progress on the other deposits. In order to fast
track OJVG’s geotechnical investigations, three core drill rigs and one reverse circulation
drill rig have been reassigned from exploration drilling to undertake this very important
Page 2 of 3

geotechnical work. These site investigations supplement previous geotechnical surveys
and address pit slope stability, underground mine stability, tailings dam and water reservoir
dam designs and plant site foundations. Borrow pit areas required to provide construction
earth fill are also being delineated. The entire geotechnical investigation will be completed
by early March and will permit preparation of the detailed earthworks designs.

o Three additional drills are being mobilised for OJVG’s ongoing resource delineation
program. In addition to the five deposits referred to above that will form the basis for the
feasibility production schedule, the study will also report resources for two other deposits;
Maki Medina and Niakafiri and, time permitting, the Kobokoto and Koulouquinde
prospects. Also, OJVG is working towards reporting resources for an additional two new
discoveries, Golouma Northwest and Kotouniokolla, after completion of the feasibility
study.

o In house trade-off studies have been completed examining mining sequences and mill
throughput rates and these have been used to provide direction on the feasibility production
scheduling. The Masato-style bulk tonnage deposits (Masato, Niakafiri and Maki Medina)
will be developed via open pit mining only, while the Golouma-style high grade deposits
(Golouma South, Golouma West, Kerekounda, Kourouloulou) may entail both open pit and
underground mining aspects. For these latter deposits, the economic transition points
between open pit mining and underground mining are currently being examined on an
individual basis to optimize the mine designs and enable the recovery of additional ore at
depth below the pits.

o The metallurgical testing database has been supplemented with additional test work for all
the deposits, including column leach tests on Masato oxide ore. Grind size optimization
tests have also been undertaken and confirm that process recoveries in the range of 90 to
96% are realistic.

o The mill flowsheet redesign has been completed based on the metallurgical test work. The
process flowsheet has been simplified and optimized from that presented in the August
2009 study to reduce capital and operating costs yet maintain performance. The gravity
circuit is no longer required as the CIL-only process recoveries are very encouraging. In
addition, it is now recognized that the milling of near surface soft ore will allow an
increased mill throughput compared to that when milling hard ore. The nominal mill
capacity will be in the range of 4400 tonnes per day but can be increased to about 7000
tonnes per day when processing soft ore. This would increase gold production revenue in
the early years of the project when the soft ore is encountered.

o Other engineering related activities currently nearing completion include issuing the
pricing quotation requests for major equipment and updating the feasibility level mining
and milling operating costs.

o Environmental baseline studies are progressing in the disciplines of hydrology,
archaeology, vegetation, and sustainable development planning. These studies form part of
the Environmental Impact and Social Assessment that will be completed during 2010.
Page 3 of 3

Ken Kuchling, P.Eng., a “qualified person” for the purposes of National Instrument 43-101, has
verified the information disclosed in this news release.

Oromin is pleased with the progress made during the last few months and looks forward to
completion of the feasibility study in June.

On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.

“Chet Idziszek”_________
Chet Idziszek, President

Cambridge Investment Conference

I was in attendance at the Vancouver Gold show today. I met a good trading friend of mine at around noon at one of the hotels, it was split between two hotels this year because of the Olympics, and i assume the size of the show. It was hard to judge but i think the boot count was higher thatn last year since EVERY square foot was utilized in both hotels. Booths were crammed into every available square foot.

There were men and women,young and old and everything in between..i think the word on gold is getting out there but we are still years off the mania and blowoff..

There wasnt anything groundbreaking as far as new info but it always behooves an investor to go look into the eyes of the people running the companies you invest in.. I spoke in depth with treasury metals and am very satisfied with the running of the company and its goliath project.

My personal observation was that most companies are cashed up and money seems to be fairly easy to raise right now. This coming year will certainly be a great one for the venture exchange and the junior gold and silvers. The insiders have personally put up money and have stakes in their companies successes (the good ones anyhow) and I’m betting the savvy junior investor has positioned himself for a big run up in the coming months as the rest of the world discovers the incredible returns that can be had in the canadian gold markets.

Mexico seems to have the attention of a lot of companies right now. I did some digging into the Morelos area where Gleichen and Newstrike both have ground, neither were in attendance with all that is going on with Morelos and the ROFR right now but i spoke with several knowledgeable people familiar with the area and the geology is very very encouraging.

Gleichen has a new Investor Presentation available

http://www.gleichenresourcesltd.com/i/pdf/Presentation_Jan_12_2010.pdf

I hope everyone that attended got something out of the show

It continues tomorrow for those that didnt attend today

Oromin owns 100% of Santa Rosa

Oromin takes over 100% interest in Santa Rosa, again

Oromin Explorations Ltd (2) (C:OLE)
Shares Issued 102,834,885
Last Close 1/12/2010 $0.80
Wednesday January 13 2010 – News Release

Mr. Chet Idziszek reports

SANTA ROSA EXPLORATION CONCESSION, ARGENTINA

Otto Energy Ltd. has elected not to continue with its interest in the Santa Rosa joint venture, resulting in Oromin Explorations Ltd., once again, through its Argentina subsidiary, holding a 100-per-cent interest in the Santa Rosa exploration concession.

Oromin is re-evaluating its strategy with respect to Santa Rosa and may seek the participation of other interested parties.

Junior Market 2010

I really like the way the junior market has been doing so far this year. I think that over the last 12 months peoples investment strategy has been opened to including gold in their portfolios. The last year’s turmoil really prevented any capital flowing into the junior markets. It looks like this year has turned that around. Every day i see a lot of companies raising a ton of money in new financings. There is certainly no shortage this year of speculative capital flowing into the junior market. So far it looks like it is still insiders and close associates loading up on cheap placements. The retail sector is finding the junior market more and more with each day. The exchange stats are on the way up with volumes and capital raisings both on the way up and massively higher over last year month to month! The blog allows me to see what has been searched in google to find the blog and believe me it is a LOT more than oromin attracting people to the blog lately.

Im very happy with the way the discussion has gone this week, although we are all frustrated there has been no name calling or attacks on other members. Top marks on a meaningful discussion. To that end i am not any more negative on oromin than i ever was to the contrary i think oromin will still do well in the end. How far the end is away is the unknown. There are so many opportunities out there right now i can no longer justify my full compliment of oromin shares. I have sold off the stock i bought as traders over the years and continue to hold my core position. The problem was that the traders became holding stock and i never sold many shares and would buy back the ones i sold too quickly. I blew quite a wad in the 2 to 2.30 range on the way down.

I was recently talking to a good trading friend of mine and i noticed as i spoke of oromin i used the word “hope” a lot. Someone tonight said that you need to leave emotion out of investing, (well let me tell you that is the hardest rule for me to keep). As soon as i realized i was hoping on a stock i needed to sell some down and re deploy.

As the markets come back i will be relying on my trading instincts and letting the market tell me when to buy and sell. The old saying “the market never lies” is always true.