ORS Orestone Mining Corp

Orestone Mining Corp. (TSX VENTURE:ORS) is pleased to report the commencement of
a detailed ground magnetic survey at the 100%-owned Captain Project. The survey
will define the magnetic anomaly within the area of a recent drill discovery of
significant gold/copper mineralization (news release January 14, 2013).


The high resolution ground magnetic survey will entail a minimum of 45
line-kilometres over the Admiral Target and the Southeast Aeromagnetic anomaly.
The work commenced this week and is being carried out by Peter Walcott &
Associates Ltd., a leading provider of geophysical services in British Columbia.


The Admiral Target as it is currently understood is a minimum one by one
kilometer magnetic anomaly. Recently reported drill hole C12-05, at the southern
flank of the anomaly, intersected long intervals of disseminated gold and copper
mineralization with the additional aspect of shorter intervals of high grade
gold of two to ten grams per tonne. As previously released: Hole C12-05 returned
two significant intervals of strong gold mineralization; the upper zone grading
0.65 g/t gold and 0.06% copper (on an uncut basis) over 118.8 meters and the
lower zone grading 0.41 g/t gold and 0.07% copper (on an uncut basis) over 164.6
meters. The mineralization in hole C12-05 remains open to depth. 


Gary Nordin, Vice President-Exploration of Orestone commented, "Our recent
successful drill campaign has enabled us to recognize a strong correlation
between gold/copper mineralization and specific magnetic responses. This
relationship has been recognized at the nearby Mt. Milligan Deposit (Thompson
Creek Metals) and the Woodjam Deposit (Goldfields Ltd.). This survey will enable
us to explore more efficiently and expedite our step-out drilling." 


The Captain Project hosts a large gold-copper porphyry system measuring seven by
fourteen kilometers located 41 kilometers north of Fort St. James, British
Columbia and approximately 30 kilometers south of the Mt. Milligan gold-copper
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 Captain Project 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.


About Orestone

Orestone Mining Corp. owns 100% of the Captain gold and copper project near Fort
St. James, B.C. and is well financed to pursue further exploration during 2013.
The Company also holds a 51% interest in the 50 square kilometer Todd Creek
Property within the increasingly important Stewart Mining Camp, B.C. For
additional information including, drill hole plans, cross sections and
geophysical maps, please visit www.orestone.ca.


ON BEHALF OF ORESTONE MINING CORP.

David Hottman, President and CEO

This news release has been prepared by management and no regulatory authority
has approved or disapproved the information contained herein.


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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