Mr. Geir Liland reports

ORONOVA ENERGY INC. ANNOUNCES PRIVATE PLACEMENT

Oronova Energy Inc. has arranged a non-brokered private placement of 20 million units at a price of six cents per unit for gross proceeds of $1.2-million. Each unit consists of one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the company at a price of eight cents per share for one year from the date of closing the offering.

The company intends to use proceeds from the private placement to pay liabilities and for working capital purposes.

The private placement is subject to the approval of the NEX board of the TSX Venture Exchange.

We seek Safe Harbor.