Exhibit 99.1
| OROMIN | Suite 2000, Guinness Tower, 1055 West Hastings Street, Vancouver, B.C. Canada V6E 2E9 | |
| EXPLORATIONS LTD. | Tel: (604) 331-8772 | Toll-free(877) 529-8475 |
| Fax: (604) 331-8773 | E-mail: info@oromin.com | |
| March 9, 2010 | Trading Symbol: TSX – OLE |
| OTC/BB - OLEPF | |
| Web Site: www.oromin.com |
NEWS RELEASE
Oromin Explorations Ltd. (“Oromin”), reports that it has agreed to cancel incentive stock options entitling the purchase of 7,906,000 common shares at prices ranging from $1.12 to $3.25 with expiry dates ranging from February 15, 2011 to July 10, 2014.
| On behalf of the Board of Directors of | |
| OROMIN EXPLORATIONS LTD. | |
“Chet Idziszek” | |
| Chet Idziszek, President | |
Cautionary Statement This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with public markets, mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks. Readers are advised not to place undue reliance on forward-looking statements. |