2010, options have been granted under its existing St ock Option Plan to directors and officers of the

ORESTONE MINING CORP.

975 - 163 Street Surrey, B.C. V4A 9T8

NEWS RELEASE

TSX-V: ORS January 12, 2010

Orestone Mining Corp. (“Orestone” or the “Company”) (the “Company”) announces that on January 12, 2010, options have been granted under its existing Stock Option Plan to directors and officers of the Company to purchase a total of 500,000 common shares at an exercise price of $0.15 per share for a five year term.

For further information contact Gordon Richards, the President of Orestone, at (604) 940-6466 or Jim Mitchell, a director of Orestone, at 1-604-796-9418.

ON BEHALF OF THE BOARD OF DIRECTORS OF ORESTONE MINING CORP.

“Gordon Richards”______________ Gordon Richards, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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.