oropa pungkut project, page-2

FYI...Additional background information on the "Pungkut Project".


ASX ANNOUNCEMENT
15 January 2008

FURTHER ENCOURAGING GOLD HITS STRENGTHEN POTENTIAL SIHAYO 1 NORTH RESOURCE EXTENSIONS

HIGHLIGHTS

Drilling at Sihayo 1 North continues to confirm western extensions of known mineralisation.

Latest results include an excellent intersection of 22m @ 3.96g/t Au from surface.

Results from two additional drill holes currently awaited.

Excellent potential to increase current Inferred Resource base totalling 710,000oz – work to commence on upgraded resource in February 2008.

Sihayo North 1 rig relocated to Hutabargot Julu Prospect with two rigs now operational at this large epithermal gold system.

Further to its announcement of 28 November 2007, diversified exploration company Oropa Limited (ASX: ORP) is pleased to advise that it has received further significant gold assay results from the current resource extension drilling program at the Sihayo 1 North deposit at its 75% owned Pungkut Gold Project in Indonesia.

The drilling to the west of the current Inferred Resource at Sihayo 1 North is targeting outcropping jasperoid to potentially increase the resource base in this direction.

Currently, the Sihayo 1 North and Sambung deposits at Pungkut collectively contain Inferred Resources of approximately 710,000 ounces.

The latest results include:

SHDD100: 7m @ 1.33 g/t Au from surface

SHDD101: 3m @ 2.59 g/t Au from 7m

SHDD103: 22m @ 3.96 g/t Au from surface