Oromonte announces effective date of share consolidation and name change to Georox Resources Inc.

Tuesday, August 26th 2008

Oromonte Resources Inc. announces that it has implemented its previously approved share consolidation on a three for one basis (the “Consolidation”) and a name change to “Georox Resources Inc.” (the “Name Change”). The share consolidation and name change were approved at the Company’s Annual and Special Meeting of Shareholders held on June 30, 2008 with 86.9% of the votes cast in favour of the Consolidation and Name Change.

Effective at the market opening August 26, 2008, the Company’s common shares and common-share purchase warrants currently listed on the TSX Venture Exchange under the symbols ORR and ORR.WT respectively, will commence trading under the new name Georox Resources Inc. under the new symbols GXR and GXR.WT respectively, and on a post-Consolidation basis.

Prior to the Consolidation, the Company had issued capital of 30,703,553 common shares and 30,703,553 common shares on a fully diluted basis. As a result of the Consolidation, the Company has approximately 10,234,518 common shares outstanding and approximately 10,234,518 common shares on a fully diluted basis. Outstanding common share purchase warrants and stock options have been adjusted to reflect the Consolidation and notice of the Consolidation and the adjustments will be provided to holders of common share purchase warrants on August 26, 2008.

The Board of Directors believes that the anticipated higher share price resulting from the Consolidation will assist in generating investor interest. There can be no assurance that any increase in the market price per common share will result from the Consolidation and there is no assurance that a higher share price will generate increased investor interest.

Letters of transmittal will be mailed to registered holders of common shares on August 26 2008, requesting them to forward the certificates representing their common shares of Oromonte Resources Inc. to CIBC Mellon Trust Company in exchange for certificates representing the number of common shares of Georox Resources Inc. to which they are entitled.

About Georox Resources Inc. (formerly Oromonte 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.