Interim Results

Orogen Gold Plc

('Orogen' or 'The Company')

Interim Results for the 6 months ended 30 June 2012

Orogen Gold Plc (AIM:ORE), the AIM listed mineral exploration company focussed on gold exploration and development in Eastern Europe, announces its interim results for the 6 months ended 30 June 2012.

Operational Highlights

·; Former mine shafts at Gindusa and Rusman, opened, de-watered and made safe

·; Mapping and sampling programme completed, with old mine workings extending down to:

o 60m on two levels at Gindusa

o 80m on three levels at Rusman

·; Four mineralised quartz vein structures identified at Gindusa

o Assay results from underground sampling confirmed presence of high grade gold values in the Gindusa veins ranging from trace gold up to 63.4g/t Au over 1m width in channel sampling

o Up to 133.0g/t Au in more selective chip sampling

·; Results of initial diamond drilling programme at the historic Gindusa mine

o Fault/vein system continues to at least 60m vertically beneath the old workings

o Deeper 'blind' mineralised shear zone located to at least 280m depth

o Select samples include: 22.2g/t Au over 0.5m, 16.25 g/t over 0.5m and 13.30 g/t over 1.0m

·; Work is on-going, with the programme remaining on schedule and within budget.

Corporate Highlights

·; Sufficient cash resources in place to finance the current drilling programme

o Second phase CAD2 million earn-in programme will require additional funding

·; Alan Mooney appointed Company Secretary, following resignation of Paul Foulger

·; Several projects in Europe and near-Asia being actively considered as acquisition opportunities

Financial Summary

·; Loss for the period amounted to £263k (6 months to 30 June 2011:£553k)

·; Cash at 30 June 2012 was £1.5 million (31 December 2011: £2 million)

Chief Executive of Orogen Gold Plc, Ed Slowey, commented:

"The first half of the year saw significant progress on the Deli Jovan project in Serbia. We were delighted to begin our Phase 1 drilling campaign as planned in May and the programme remains on schedule for completion in September. We are encouraged by the findings that we have reported thus far which confirm that the mineralised structures at Gindusa extend to depth below the old workings, and we look forward to providing further results from the remainder of the drill programme as we receive them. We will then assess the potential for a more extensive drilling programme on this exciting project.

We have been actively reviewing several projects in near-Asia and Europe over the past 18 months and we will continue to seek out attractive further opportunities for the Company over the coming months."

Chairman and Chief Executive's Statement

We are pleased to report significant and encouraging progress on the Deli Jovan gold exploration project in Eastern Serbia. The initial drilling programme, currently underway has confirmed continuity of the shear zone, with associated high grade gold bearing quartz veins located at depth and along strike at the former Gindusa mine.

Deli Jovan Earn-in with Reservoir Minerals Inc.

In June 2012 we completed the 55% earn-in on the Deli Jovan gold exploration project in Serbia following our completion of CAD1.5 million exploration financing of the project.

The 55% earn-in was completed on schedule and the expenditures incurred to date were in line with our original budget for the work programme that we set out when initiating the project. The payments made under the terms of the earn-in agreement with Reservoir Minerals Inc. were applied to acquire a 55% interest in Deli Jovan Exploration d.o.o, the Serbian company operating the Deli Jovan project. Deli Jovan Exploration d.o.o. has been included as a subsidiary in the Group's consolidated results from the acquisition date.

We have now entered the second phase of the earn-in agreement where we can earn an additional 20% of the project by committing to a further CAD2 million exploration spend by end December 2013.

Deli Jovan Work Programme

During the first half of 2012 we completed the opening of the former mine shafts at Gindusa and Rusman. These were de-watered and made safe and we carried out a mapping and sampling programme of the old mine workings extending down to 60 metres on two levels at Gindusa and 80m on three levels at Rusman during May 2012.

The results of this work were encouraging, particularly in relation to Gindusa. They confirmed historic reports and identified the presence of four mineralised quartz vein structures in the Gindusa underground workings. These are sub-parallel, trending NW-SE, dip from near vertical to steeply to the NE and they occur within a shear corridor at least 80m wide. High grade gold-mineralised quartz-pyrite veins and lenses occur as pinches and swells along the fault structures, with individual lenses up to 30m in horizontal extent and 60m+ in vertical extent. Typically these are 30-70 centimetres in width, up to in excess of 1m locally.

Assay results confirmed the presence of very high grade values in the Gindusa vein system, ranging from trace gold up to 63.4g/t Au over 1m width in channel sampling and up to 133.0g/t Au in more selective chip sampling. Sampling at Rusman also yielded anomalous gold results, albeit within more restricted mineral lenses.

In May 2012 we commenced a diamond drilling campaign to test the continuity of the mineralised vein structures uncovered in the former mine workings. The drilling campaign was also planned to test anomalous gold zones identified from soil sampling and trenching programmes completed earlier in the year and ongoing.

In late August the Company announced further encouraging results from the initial drilling programme at the Gindusa mine. Assay results from the first 15 holes appear to confirm that the mapped fault/vein system continues to at least 60m vertically beneath the old workings (120m+ below surface) and perhaps deeper, with low-grade gold haloes occurring marginal to the main lodes. Assay values from this zone (down hole depths, uncorrected for intersection angle) include 16.25 g/t Au over 0.5m within a wider interval of 8.3 g/t Au over 1.0m (DE-1), 6.13 g/t Au over 0.6m within a wider interval of 3.4 g/t Au over 1.2m (DE-2), 14.55 g/t Au over 0.5m within a wider interval of 4.97 g/t Au over 2.5m (DE-3), 9.73 g/t Au over 1.0m within a wider interval of 2.98 g/t Au over 4.7m (DE-4).

In addition, a new 'blind' zone of particularly strong shearing up to about 20m wide was encountered in several deeper holes between approximately 200-280m depth, with irregular multiple gold-bearing quartz/pyrite veins and lenses seen. Gold bearing intersections in this zone include 13.3 g/t over 1.0m within a wider interval of 4.05 g/t Au over 3.9m (DE-14), 22.2 g/t Au over 0.5m within a wider zone of 8.15 g/t Au over 1.7m (DE-15), 10.85 g/t Au over 0.5m (also DE-15).

Considerable further work is required in interpreting and modelling the structural information gathered from logging of the drill core at Gindusa in order to establish the true width, continuity and geometry of the structural zones and the associated mineralised lodes, with the aim of developing a 3-D model of the deposit. This will help guide future drilling on the project.

Sampling and assaying of core from the final three holes of the drill programme at the historic Gindusa mine remain to be completed. Drilling of additional targets on the Deli Jovan shear belt is now in progress. Results of this work will be reported when they are received and interpreted.

Financial Report

The loss for the 6 months to 30 June 2012 amounted to £263k (6 months to 30 June 2011 £553k). Cash at bank at 30 June 2012 amounted to £1.5 million (31 December 2011: £2 million, 30 June 2011: £1.5 million).

The Company has sufficient cash resources to finance the current drilling programme; however both completion of the second phase CAD2 million earn-in programme at Deli Jovan and any further expansion of the business will require additional funding.

Growth of the business

We have been actively reviewing several projects in near-Asia and Europe over the past 18 months and we will continue to seek out attractive further opportunities for the Company over the coming months.

Corporate

Alan Mooney was appointed Company Secretary on 19 June 2012 following resignation of Paul Foulger. We would like to thank Paul Foulger for his most valuable and appreciated service to the Company.

Outlook

We are enthusiastically looking forward to results from the remaining holes of the current drilling campaign at Deli Jovan and the further advancement of the project.

John Barry Ed Slowey

Chairman Chief Executive

Date: 14 September 2012

Group statement of comprehensive income

For the six months ended 30 June 2012

Group statement of financial position

As at 30 June 2012

Group cash flow statement

For the six months ended 30 June 2012

Group statement of changes in equity

For the six months ended 30 June 2012

For the remainder of the report and accounts please see the below link.

http://www.orogengold.com/investors/financials/