Oroco Announces New CFO

December 17, 2009

ANCOUVER, British Columbia – (December 17, 2009) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce the appointment of Steve Vanry as a director of the Company and as Chief Financial Officer of the Company.

Mr. Vanry’s career includes over seventeen years with publicly-traded natural resource companies at both management and board levels during which time he focused on strategic planning, fund raising, mergers and acquisitions, regulatory compliance and financial reporting. In 2003, he founded Fury Explorations Ltd., a company with advanced-stage silver projects in Nevada, which subsequently merged with Golden Predator Mines Inc.  Mr. Vanry currently provides consulting services in corporate finance, business development and merchant banking, and serves as director and/or officer for a number of public companies in the mining sector. He is a holder of the right to use the Chartered Financial Analyst designation and the Canadian Investment Manager designation and is a member of the CFA Institute as well as the Vancouver Society of Financial Analysts.

The Company also announces that it has granted a total of 375,000 incentive stock options at a price of $0.25 per share to a director and officer and two consultants, subject to normal vesting arrangements.  The option grants are subject to TSX Venture Exchange approval.  The Company has also cancelled 1,600,000 incentive options at a price of $0.55 per share previously granted to directors, officers and consultants.

About Oroco
Oroco is a Canadian-based mineral exploration company with its primary focus on the accelerated development of the gold bearing oxide zones of its Cerro Prieto project, a polymetallic (Au-Ag-Pb-Zn) project in Sonora State, Mexico.

For further information, please contact: 
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

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