Oromin Explorations Ltd OLEPF

Oromin selling to Lund

[doublem2]

Here is a stupid question... Will share holder of Oromin get shares of Lund from this buyout? Doublem2 OROMIN EXPLORATIONS LTD. ("OLE-V;OLEPF-L") LUND GOLD LTD ("LGD-V") - Oromin To Sell Interest in Carneirinho Property to Lund Oromin Explorations Ltd. is pleased to announce that it has agreed, subject to regulatory approval, to sell to Lund Gold Ltd. ("Lund") all of Oromin's interest in the Carneirinho Property. Lund and Oromin currently hold an option to each acquire a 50% interest in the Carneirinho Property. As consideration for the acquisition, Lund will issue to Oromin 1,197,906 common shares of Lund at deemed price of $0.31 per share (being the weighted average price for Lund's shares for the last twenty trading days). The value of these shares ($371,351) equals the amount that Oromin has spent on exploration and development of the Carneirinho Property. The disposition of its interest in Carneirinho will allow Oromin to focus all its activities on continuing its successful exploration program at its Sabodala gold property in Senegal. In addition, the shares of Lund that it will receive will allow it to participate in any exploration success at Carneirinho. Oromin is also pleased to announce that it has given notice to the holders of the share purchase warrants, issued under non-brokered private placements carried out in January and February 2006, that the warrants will expire on April 13, 2007. There are currently outstanding 3,390,906 such warrants exercisable at a price of $1.20. If all such warrants are exercised, they will generate proceeds of $4,069,087, which will be used primarily to fund continuing exploration at Sabodala. To find out more about Oromin Explorations Ltd. visit