Orestone Receives Exploration Permits for Captain Project

Orestone Mining Corp. (TSX VENTURE:ORS) (the "Company") is pleased to announce
that the Company has received approval from the B.C. Ministry of Energy and
Mines for an additional 20 diamond drill holes and 44.9 kilometers of IP
geophysics on the Captain Project. With this approval in place the Company now
has all permits to facilitate the next several phases of exploration; 75 line
kilometers of geophysics and 58 sites approved for drilling which increases
coverage over the nine large magnetic high anomalies recently outlined. 


Recent drilling has shown a direct correlation between magnetic dike swarms and
disseminated porphyry gold mineralization. Recent diamond drill hole C12-05,
intersected long intervals of 0.30-0.65 g/t gold and 0.06-0.07% copper over 119
meters and 165 meters, including 9 meters of 6.5 g/t gold and 0.27% copper as
well as 6 meters of 4.4 g/t gold and 0.51% copper (News Release Jan 14, 2013).
When plotted on the detailed magnetic map, C12-05 and drill hole C11-01 lie on
the southern fringe of a large circular magnetic high known as the Admiral
target. The Admiral target measures 1000m x 1500m and is similar in size and
intensity to the magnetic high associated with the "MBX" and "66" ore bodies at
the Mount Milligan Mine located 30 kilometers to the north. This is the highest
priority drill target on the Captain project and will be drilled during the 2013
summer field season. 


Recent logging of timber in the Admiral target area has created a network of
roads which will allow easy drill rig access. With working capital of
approximately $800,000 the Company is now well funded to undertake the next
phase of drilling, anticipated to begin in the coming weeks.


The Captain Project hosts a large gold-copper porphyry system measuring seven by
fourteen kilometers located 41 kilometers north of Fort St. James, British
Columbia and approximately 30 kilometers south of the Mt. Milligan gold-copper
deposit. The Mt. Milligan deposit has proven and probable reserves of 532 Mt
grading 0.20% copper and 0.38 g/t gold (Thompson Creek Metals website) and is
currently under construction by Thompson Creek Metals Company Inc. as a large
open pit mine and processing facility. The Captain Project features relatively
flat terrain, moderate tree cover and an extensive network of logging and Forest
Service roads suitable for exploration year around. 


ON BEHALF OF ORESTONE MINING CORP.

David Hottman, President and CEO

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Orestone Mining Corp.
David Hottman
President & CEO
604-629-1929
[e-mail]
www.orestone.ca