Orestone Proposes Share Consolidation

Orestone Mining Corp. (TSX VENTURE:ORS) ("the Company") announces that the
Company will hold an annual general meeting of the shareholders (the "Meeting")
on Monday, September 10, 2012. In addition to the annual matters to be acted
upon, as set forth in the Notice of the Meeting dated August 13, 2012, the
Company will seek shareholder approval to consolidate the Company's common
shares ("Common Shares") on the basis of one (1) post-consolidation Common Share
for every four (4) pre-consolidation Common Shares or at such lower
consolidation ratio as may be required by the TSX Venture Exchange (the "Share
Consolidation"). 


It is management's view that the Share Consolidation will benefit the Company by
increasing investor interest, improving trading liquidity and improving the
Company's ability to raise additional capital and at a higher price per share. 


As at the date hereof, there are an aggregate of 65,589,313 Common Shares issued
and outstanding. It is expected that, upon completion of the Share
Consolidation, there will be an aggregate of approximately 16,397,328 Common
Shares issued and outstanding. 


The Company will not proceed with the non-brokered private placement announced
on May 16, 2012. 


For more information please visit: www.orestone.ca

ON BEHALF OF ORESTONE MINING CORP. 

David Hottman, President and CEO

This news release has been prepared by management and no regulatory authority
has approved or disapproved the information contained herein.

Orestone Mining (TSXV:ORS)
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