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 January 12, 2005
Orko Announces $165,000 Private Placement

 Orko announces that it has arranged, subject to all necessary regulatory approvals, a Private Placement of 1,100,000 units at a price of $0.15 per unit for total proceeds of $165,000. Each unit consists of one common share and one non-transferable share purchase warrant. Each share purchase warrant shall be exercisable for a period of two years at a price of $0.15 per share if exercised in the first year and at a price of $0.20 per share if exercised in the second year. The net proceeds of the Offering will be used for current working capital and ongoing exploration on the Company's properties. The Company will pay a finder's fee to certain finders in accordance with the policies of the TSX Venture Exchange, in cash or units. The securities issued under the Private Placement will be subject to a four-month hold period from closing.

For further information on Orko, please visit our web site at www.orkogold.com or contact us at [email protected].


ORKO Gold Corporation

"Gary Cope"

Gary Cope

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

You can view the Next News Releases item: Mon Jan 17, 2005, Orko Announces Increase of Private Placement From $165,000 to $330,000

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