115 Metres Of Porphyry-Style Mineralization At Captain Project 

VANCOUVER, BC - Orestone Mining Corp. reported that drilling at the Company's Captain Property, in British Columbia, has intercepted mineralization in all of the first three holes, including a 115 metre interval of porphyry-style mineralization. The 100% owned Captain copper-gold porphyry project is located 65 kilometers north of Fort St. James, British Columbia and approximately 30 kilometers south of the Mt. Milligan copper-gold deposit. The Mt. Milligan copper-gold deposit has proven and probable reserves of 482 Mt grading 0.20% copper and 0.39 g/t gold outlined and is currently being developed by Thompson Creek Metals Company Inc. as a large open pit mine.

To date three diamond drill holes out of a planned four-hole, 800-1000 metre, drill program have been completed. The assays are pending for all three holes. The drilling has concentrated on the eastern portion of a large coincident chargeability and resistivity high area that has been interpreted to be related to an intrusive complex and possible associated porphyry copper-gold mineralization.

Hole DDH2011-01 was drilled as an offset or twin hole to DDH2009-05, which intersected three metres grading 0.23% copper and 0.35 grams per tonne gold in the bottom of the hole at a depth of 137.23 metres. Hole 11-01 was drilled to a depth of 255.42 metres and intercepted highly potassic-sericite-carbonate altered volcanic rocks, porphyry dykes and hydrothermal breccia zones. These rocks contained 5-10% disseminated sulfide minerals, including fine pyrite and chalcopyrite, from 140 metres to the end of the hole at 255.42 metres (115. 42 metres).

Hole DDH2011-02 was located 800 metres west of hole 11-01 at the eastern edge of a magnetic high, which is believed to be related to an intrusive center. The drill hole cut a medium to coarse grained monzonite intrusion with minor pyrite and chlorite alteration from 46.63 metres to 165.0 metres. From 165 metres to the end of the hole at 185.32 metres, the monzonite is strongly potassic-sericite-chlorite-carbonate altered with 5-10% sulfides, including disseminated pyrite and fine chalcopyrite that appear to increase in abundance towards the bottom of the hole. The increasing alteration and sulfide content, combined with the geophysical signature in the area, is suggestive of a mineralized porphyry system strengthening to the east in the direction of hole 11-01.

Hole DDH2011-03 was drilled approximately 3.25 kilometers west of hole 11-01 on the other side of the main interpreted intrusive body. This drill hole encountered primarily propylitically-altered volcanic rocks; however, the bottom of the hole intersected two porphyry dykes and three breccia zones totaling 25 metres with pervasive weak chlorite-sericite alteration, 5-10% pyrite and trace to 0.5% very fine chalcopyrite. This type of alteration and mineralization is consistent with a halo peripheral to a porphyry system.