Oromonte announces filing of 2nd quarter financial statements and results

NELSON, BC, Aug. 25 /CNW/ - Oromonte Resources Inc. ("Oromonte" or the "Company") (ORR:TSX-V; OF6:FRA) announces the filing of its financial statements and results for the three month period ended June 30, 2008. Oromonte's exploration activities and performance continued to be affected by the Ecuador government's initiation of changes to the country's constitution, taxation, environmental and mining laws. The financial results reflect the Company's decision to generally suspend its activities in Ecuador at least until the Government of Ecuador establishes its new policies towards foreign companies regarding mineral exploration and mining. In the interim, the Company's limited expenses in Ecuador are currently aimed at protecting its interests there to the extent possible. The Company has begun to implement a pro-active development strategy outside Ecuador.

The Company recorded a loss of $128,949 for the three months ended June 30, 2008. The Company's working capital was $1,503,555 at June 30, 2008. The Company has sufficient working capital to meet all of its foreseeable obligations based on its plan for the next twelve months.

In March 2008, the Company focused its Ecuadorean exploration targets on the most promising concessions and anomalous areas within the Company's property portfolio. It thereby reduced its annual patent payments and its property portfolio by 39,600.90 hectares. The Company's total property portfolio in Ecuador as of June 30, 2008 was 53,751 hectares, subject to any future ramifications of the April 18, 2008 Ecuador Mining Mandate and related mining laws under development. Subsequently, in July 2008, the Company's Ecuadoran lawyers were notified that the Government had cancelled seven of the Virgen del Cisne concessions totaling 17,787.30 hectares and the San Andres concession within the Pangui Property consisting of 350 hectares. Consequently the Company's total property portfolio in Ecuador as of August 25, 2008 is 35,613.70 hectares.

The Company's interim Consolidated Financial Statements and Management Discussion and Analysis (MD&A) for the three months ended June 30, 2008 are available at www.sedar.com.

About Oromonte

Earlier today, Oromonte announced a share consolidation and name change to "Georox Resources Inc."

Georox Resources Inc. is a mineral exploration company engaged in the acquisition, development and exploration of mining properties. The Company has acquired mining concessions consisting of four consolidated properties in Ecuador, namely: Chimbuza Property, Marissa Property, Pangui Property, and Virgen del Cisne Property. The related projects are in early stage development. The Company has also begun acquiring mining property interests outside Ecuador. On August 26, 2008, the Company will begin trading its common shares and warrants on the TSX Venture Exchange under the symbol GXR and GXR.WT respectively and its common shares on the Frankfurt Stock Exchange under the symbol OF6.

For further information you can visit the Company's website at: www.georoxresources.com or at its former address: www.oromonteresourcesinc.com.

Cautionary Statement:

The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.