ORS Orestone Mining Corp

Orestone Mining Corp. (TSX VENTURE:ORS) (the "Company") is pleased to report the
completion of drilling at the Captain Project. The 100% owned Captain project is
located 41 kilometers north of Fort St. James, British Columbia and
approximately 30 kilometers south of the Mt. Milligan copper-gold deposit. The
Mt. Milligan deposit has proven and probable reserves of 532 Mt grading 0.20%
copper and 0.38 g/t gold (Thompson Creek Metals website) and is currently under
construction by Thompson Creek Metals Company Inc. as a large open pit mine and
processing facility.


The diamond drill program consisted of 912.8 metres in three holes with the
following visual observations from core logging. For location purposes all
current drill holes are referenced to Hole C11-01 drilled in December 2011. As
previously reported C11-01 intersected potassically altered volcanics and minor
monzonite porphyry dykes with finely disseminated pyrite-chalcopyrite from
127m-214m (87m) grading 0.03% copper and 0.23 g/t gold.


Vertical Hole C12-05 located 100 meters west of C11-01 was drilled to depth of
550.17 metres. The hole intersected bedrock at 63.7m; from 63.7m-150m
sericite-carbonate altered volcanic rocks with 1-5% pyrite and minor
chalcopyrite (copper mineral) were intersected; from 150m-550m moderate to
strong potassic feldspar-biotite and sericite-carbonate altered volcanics and
monzonite porphyry dykes with finely disseminated magnetite-pyrite-chalcopyrite
and blebby chalcopyrite and finely disseminated chalcopyrite in potassic
feldspar altered veins and flooded zones. Magnetite is disseminated throughout
and is associated with zones of pervasive, felted secondary biotite. The above
described four hundred meter mineralized intercept of finely disseminated and
locally coarse blebby chalcopyrite increases in intensity down hole and remains
open at depth.


Two additional vertical holes, C12-03 (246.48m) and C12-04 (116.05m) were
located 400m east and 250m south respectively from Hole C11-01. These holes
intersected intensely phyllically altered volcanic rocks and minor monzonite
porphyry dykes with 5-10 % disseminated pyrite. The phyllic alteration and high
pyrite content of these two holes are indicative of the outer margin of a
porphyry system. 


"We are pleased to have identified an intense potassically altered zone with
associated copper mineralization in Hole C12-05. Based on the current
exploration model, drill data and detailed ground magnetic surveys the target is
associated with numerous monzonite porphyry dykes along a north-south trend. The
mineralization is thought to be sub-vertical and remains open to depth and in
all other directions," stated David Hottman, Orestone's CEO and President.


The core was transported from the project to a secure warehouse facility in Fort
St. James where it was logged and cut by diamond saw into three metre intervals.
Half of the core will be stored at the warehouse site and the other half shipped
by secure transport to ACME labs located in Smithers, BC, for sample preparation
and analysis in Vancouver, BC. Assays are expected by the second week of January
and will be reported when received. Gary Nordin, P. Geo., Vice-President of
Exploration for Orestone Mining Corp., is a qualified person under the NI 43-101
guidelines and has reviewed the technical content of this news release.


The Captain Project hosts a large copper/gold porphyry system measuring seven by
seven kilometers that remains open to the east and west. The project area
features relatively flat terrain, moderate tree cover and an extensive network
of logging and Forest Service roads suitable for exploration year around. The
Company has all permits in place to facilitate the next several phases of
exploration; 30 line kilometers of geophysics and 38 sites approved for drilling
by the B.C. Ministry of Energy and Mines.


Orestone is well financed, has recently discovered the above described large
copper/gold porphyry system on the 100% owned Captain Project. The Company also
holds a 51% interest in the 50 square kilometer Todd Creek Property within the
increasingly important Stewart Mining Camp. In addition, the Company has
initiated a global project search focused on the acquisition of high potential
assets to compliment the Company's current portfolio. For additional information
please visit www.orestone.ca.


ON BEHALF OF ORESTONE MINING CORP.

David Hottman, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Orestone Mining Corp.
David Hottman
President & CEO
604-629-1929
info@orestone.ca
www.orestone.ca

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