Orestone Intersects Strong Gold Mineralization in Captain

Orestone Intersects Strong Gold Mineralization in Captain Drilling 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/14/13 -- Orestone
Mining Corp. (TSX VENTURE:ORS) (the "Company") is pleased to report
assay results for the recently completed 912 metre diamond drill
program on the Company's 100% owned Captain Project. Vertical hole
C12-05 was drilled to a depth of 550.2 metres and is the most
significant of the seven holes completed on the property. The hole
intersected mineralized bedrock at 63 meters and throughout the hole
mineralization is associated with biotite-magnetite alteration within
monzonite porphyry dykes overprinted by potassic flooding. Hole
C12-05 returned two significant intervals of strong gold
mineralization; the upper zone grading 0.65 g/t gold and 0.06% copper
(on an uncut basis) over 118.8 meters and the lower zone grading 0.41
g/t gold and 0.07% copper (on an uncut basis) over 164.6 meters. The
mineralization in hole C12-05 remains open to depth.  

                                 From/To     Length     Copper          Gold
Hole C12-05                     (meters)   (meters)  (percent)   grams/tonne
Upper zone                    88.1-206.9      118.8       0.06          0.65
Incl.                        152.1-161.2        9.1       0.27          6.46
Lower zone                   377.6-542.2      164.6       0.07          0.41
Incl.                        499.5-505.6        6.1       0.51          4.45
Upper zone(i)                 88.1-206.9      118.8       0.06          0.30
Lower zone(i)                377.6-542.2      164.6       0.07          0.32
(i)High Gold Values Cut to 1.6 g/t                                          

The orientation of the mineralization is interpreted to be
sub-vertical in association with a 300 to 400 meter wide magnetic
sheeted monzonite dyke system. The magnetic anomalies are interpreted
to trend north-south representing important geological and
mineralizing controls to outline this robust gold target. 
Hole C12-04 was located outside of the primary target area and
returned no significant values. Hole C12-03 located 500 meters east
of C12-05 was drilled to depth of 246.5 metres and is the most
easterly hole on the property to date. Of interest is that the bottom
70 meters of this hole intersected a potassic altered monzonite dyke
complex with similar associated alteration to that encountered in
hole C12-05 with gold grades of 0.13 g/t gold and 0.05% copper which
could indicate another mineralized porphyry system to the east. 
"We are very pleased with intersecting long intervals of gold and
copper mineralization and in fact, although intervals of the hole are
low grade, the entire hole is mineralized from the bedrock contact at
63 meters to the bottom of the hole at 550 meters. With higher grade
sections of two to ten grams per tonne gold, we have demonstrated the
strongly gold enriched nature of this large porphyry system and have
learned a great deal about how to follow it. Additionally hole C12-03
demonstrates that another mineralized porphyry system may lay to the
east," stated David Hottman, Orestone's CEO and President. 
Prior to the next phase of drilling Orestone will complete a high
resolution magnetic survey of the property to further outline the
alteration and associated mineralization which are correlated to
several interpreted sub-vertical magnetic monzonite dykes zones that
have a north-south trend. 
The Captain project hosts a large gold-copper porphyry system
measuring seven by fourteen kilometers located 41 kilometers north of
Fort St. James, British Columbia and approximately 30 kilometers
south of the Mt. Milligan copper-gold deposit. The Mt. Milligan
deposit has proven and probable reserves of 532 Mt grading 0.20%
copper and 0.38 g/t gold (Thompson Creek Metals website) and is
currently under construction by Thompson Creek Metals Company Inc. as
a large open pit mine and processing facility. The Captain Project
features relatively flat terrain, moderate tree cover and an
extensive network of logging and Forest Service roads suitable for
exploration year around. The Company has all permits in place to
facilitate the next several phases of exploration; 30 line kilometers
of geophysics and 38 sites approved for drilling by the B.C. Ministry
of Energy and Mines. 
The drill core was transported from the project to a secure warehouse
facility in Fort St. James where it was logged and cut by diamond saw
into three metre intervals. Half of the core is stored at the
warehouse site and the other half shipped by secure transport to Acme
Labs sample preparation facility located in Smithers, B.C., for
analysis in Vancouver, B.C. Gary Nordin P. Geo., Vice-President of
Exploration for Orestone Mining Corp., is a qualified person under
the NI 43-101 guidelines and has reviewed the technical content of
this news release. 
About Orestone 
Orestone Mining Corp. owns 100% of the Captain gold and copper
project near Fort St. James, B.C. and is well financed to pursue
further exploration during 2013. The Company also holds a 51%
interest in the 50 square kilometer Todd Creek Property within the
increasingly important Stewart Mining Camp, B.C. For additional
information including drill hole plan and geological cross section
maps please visit www.orestone.ca. 
David Hottman, President and CEO 
Neither the 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 News
Release. This news release has been prepared by management and no
regulatory authority has approved or disapproved the information
contained herein. 
Orestone Mining Corp.
David Hottman
President & CEO
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