ASX ANNOUNCEMENT15 January 2009OROPA LIMITED GRANTED EXPLORATION...

ASX ANNOUNCEMENT
15 January 2009

OROPA LIMITED GRANTED EXPLORATION EXTENSION FOR
PUNGKUT GOLD PROJECT

Oropa Limited is pleased to announce that the Indonesian government has
granted Oropa's 75% owned advanced Pungkut gold project an extension of the time
available for exploration until 6 October 2009. A further exploration extension is possible
at the Minister of Energy and Mineral Resources’ discretion; otherwise the project will
advance to the feasibility stage of the Contract of Work (“CoW”).
The Pungkut gold project, situated in North Sumatra, is held by PT Sorikmas Mining
(“Sorikmas”) under a seventh generation CoW with the Indonesian Government. The
extension of the Sorikmas CoW exploration period has been granted by Decree Letter
number 471.K/30/DJB/2008 issued by the Ministry of Energy and Mineral Resources,
and is valid from 7 October 2008 until 6 October 2009.
The shareholders of PT Sorikmas Mining are 75% Aberfoyle Pungkut Investments Pte.
Ltd. (100% owned by Oropa), and PT Antam Tbk. Oropa manages the project and is
responsible for contributing towards 100% of the exploration and development funding by
way of loans to Sorikmas until commencement of production.
During this extension period, Oropa plans to advance the Sihayo and Sambung prospects
(where Inferred Resources presently contain 1m ounces of gold), towards full feasibility
studies.
Yours faithfully,
OROPA LIMITED
PHILIP C CHRISTIE
Director