OROFINO GOLD CORP: The Company Repositions for greater value creation

Dec 29, 2011, 14:25 ET from Orofino Gold Corp.

MEDELLIN, Colombia, Dec. 29, 2011 /PRNewswire/ - Orofino Gold Corp. (OTCQB : ORFG.PK)

The Board of Directors of Orofino Gold Corp has terminated previous financial service contracts and is pleased to announce the appointment of Alfonso Calderone as the new President and CEO based in Colombia.

"My last task as Orofino's President and CEO is to recommend to the Orofino Gold Corp. board of Directors the appointment of Mr. Alfonso Calderone as CEO. I have known Mr. Calderone for more than 30 years and he brings great mining experience to this position," said Ary Pernett past President

Mr. Pernett will continue to work with Orofino Gold Corp. as a Senior advisor  to the Board for Colombian Affairs and will now be responsible for the field Operations, Planning, implementation and development of all assets and fieldwork as well as social and communities liaison with the  companies Sendoros De Oro Gold project in the Sur de Bolivar Mining District of Colombia. Ary Pernett will also guide the company's review with regard to other significant Gold Mining assets in Colombia.

Mr.Calderone is a Colombian National with post Graduate degrees in Economic Geology and Mineral Exploration from Indiana University and Pennsylvania State University respectively.

Mr.Calderone has undertaken major mining projects from initial exploration through to production stage and successful sale. The Orofino Board of directors realized the benefits of the Messrs: Calderone/ Pernett stewardship team and welcomes them both in their new positions

Orofino Gold is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of The Senderos de Oro Gold Camp and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.

Forward-Looking Statements: The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

For further information, visit www.orofinogoldcorp.com or contact: Orofino Gold Corp.
Carrera 40, 10A-65
Medellin, Colombia

Phone: 011-57-4-2682451
Fax:     011-57-4-2682499

SOURCE Orofino Gold Corp.