BLACKWOOD CAPITAL LIMITED - FUNDING PACKAGEWe refer to Oropa...

BLACKWOOD CAPITAL LIMITED - FUNDING PACKAGE

We refer to Oropa Limited’s (“Oropa or the Company”) announcement dated 31st December
2008 concerning the appointment of Blackwood Capital Limited (“Blackwood”) as lead
arranger to complete a funding package of up to $2.0 million for the Company prior to 31st
March 2009.
The Company is still in negotiations with Blackwood in relation to the final details of the
funding package and expects to be in a position to make an announcement within the next
week and convene a General Meeting of shareholders in late February.
Since entering into the arrangement, the Company has received $266,000 from sophisticated
investor clients of Blackwood, which is being used for ongoing working capital requirements.
As outlined in the 31st December announcement, the directors have engaged Blackwood in
this role to enable Oropa to resume exploration activities at its 75% owned Pungkut gold
project in Sumatra, Indonesia and to provide much needed working capital. The timing of the
funding initiatives proposed by Blackwood is critical to the ongoing viability of the Company.
Oropa’s directors consider that securing the proposed $2.0 million funding package will
facilitate the undertaking of the initial phase of the ongoing Pungkut development programs
while the Company sources additional substantial funding to advance the project towards
feasibility.
Yours faithfully,
OROPA LIMITED
PHILIP C CHRISTIE
Director