Release: Oropa Limited: Further significant gold hits at Pungkut project

(30 January 2008)--Diversified exploration company Oropa Limited is pleased to advise that it has received further significant gold assay results from the current resource extension drilling program at the Sihayo 1 North deposit at its 75%-owned Pungkut Gold Project in Indonesia.

The diamond drilling to the west of the current Inferred Resource at Sihayo 1 North has been targeting out-cropping jasperoid to potentially increase the resource base in this direction. Currently, the Sihayo 1 North and Sambung deposits at Pungkut collectively contain Inferred Resources of approximately 710,000 ounces.

The best results from the final two diamond drill holes of the recently completed resource extension drilling program are:

SHDD104: 22.75m @ 4.84 g/t Au from 41m
SHDD105: 2 @ 6.38 g/t Au from 2m

SHDD104 tested the down-dip extension 50m east of SHDD081, which returned 26m @ 4.47g/t Au from 18m. SHDD104 returned several significant intersections including 22.75m @ 4.84 g/t Au confirming the continuity, thickness and grade of the mineralisation in this area.

Lateral continuity of the orebody has also been confirmed to the south with SHDD085 (15m @ 1.99 g/t Au) and to the southwest in SHDD087 (22m @2.87 g/t).

SHDD105, which was an exploratory hole located further to the south and designed to test the southernmost extent of mineralisation, returned 2m @ 6.38 g/t Au in jasperoid at the base of regolith. Hole SHDD105 completed the current drilling program at Sihayo 1 North and the diamond drill rig was mobilised to the Sunday Vein at the Hutabargot Juki prospect where it joins the first diamond drilling rig currently operating on the Sarahan Vein.

This preliminary drilling program at Hutabargot Juki is intended to define the overall geometry and orientation of the veins before drilling targets bonanza mineralisation within this very large epithermal vein system.

All new drill hole collar locations at Sihayo 1 North are currently being accurately surveyed. The database is undergoing validation in preparation for the revised resource estimate, which is scheduled to commence in mid-February 2008. Once the updated resource estimate is completed, the Company intends to initiate a Scoping Study to establish the viability of bringing the Sihayo 1 North and Sambung resources to a mining stage. (end of edited release)