October 31, 2014, Oakland, California – Oro East Mining, Inc. (OTCBB: OROE) and Guo Neng Rong Ding Beijing, also known as the Scientific Development Company, a Chinese corporation specializing in gold refining processing, commenced discussions last week about a joint venture between the parties. The terms of that discussion were memorialized in a letter of intent, which proposed joint collaborative efforts in launching a new private corporation that would build gold refining systems. Specifically, these systems and gold refining production lines would be provided by Scientific Development Co. and set up to process 3,000 tons of ore per day from the company’s stockpiles of ore concentrates at Carson Hill. The letter of intent reflects an agreement between the parties to work in good faith toward finalizing a contract by the end of November, 2014.
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Disclaimer: This press release contains forward-looking statements that may involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Oro East’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Oro East on the date of the release, and Oro East assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The company’s actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-K filed with the U.S. Securities Exchange Commission.