Oro East Mining, Inc. Joins Commercial Venture with Hang Zhou Ci Xiao Tang Technology Co. Ltd. to Form Magnique, LLC

Oro East Mining, Inc. is focusing on the development of its approximately three substantial piles of crushed gold ores (Waste Management Units (WMUs)) at an aggregate mine in Carson Hill, California (the Carson Hill Project) owned and managed by its subsidiary, Oro East Mariposa, LLC. Its crushed gold ores and Carson Hill Project are located on the south side of Highway 49 in the central Sierra foothills of Calaveras County. The Company, through Oro Eat Mariposa, LLC, has a right of entry and access to the crushed ores, which are owned by Oro East Mariposa, LLC. The Company has an agreement for the purchase of certain lode and placer mining claims and all mineral rights thereto, in Mariposa County, California, known as the Red Bank Mine. The property is situated approximately 20 miles north of the town of Mariposa, California. The Red Bank Mine property consists of patented claims consisting of the Stevenson, Jubilee and Daisy Quartz mines, which comprises approximately 80 acres.