Sosandar Regulatory News (SOS)

OROGEN GOLD PLC

("Orogen" or the "Company")

Placing of £75,000 with Directors

Orogen (AIM: ORE), the AIM quoted gold exploration company, announces that it has conditionally placed 65,217,391 new ordinary shares (the "Placing Shares") of 0.1p each ("Ordinary Shares") with the Directors of the Company at a price of 0.115p per share, raising £75,000 before costs (the "Placing").

The net proceeds of the Placing, together with the £1,125,000 raised in the placing announced on 10 September 2014, provide additional working capital that will be used, inter alia, to advance the Company's exploration programme over its highly prospective Mutsk gold project in Armenia.

The Placing Shares will represent approximately 1.87% of the Company's enlarged share capital.

Issue of Placing Shares

The Placing is solely conditional upon admission of the Placing Shares to trading on AIM ("Admission"), which is expected to take place on 22 October 2014.

The Placing Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares.

Directors' Participation in the Placing

Adam Reynolds, Ed Slowey, Alan Mooney and Michael Nolan have each agreed to subscribe for 14,673,913 Placing Shares and Anthony Venus has agreed to subscribe for 6,521,739 Placing Shares. Directors' holdings following the Placing will be as follows:

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following the completion of the Placing will comprise 3,483,783,783 Ordinary Shares with one voting right per share. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

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