Oriana announces it will not proceed with the proposed qualifying transaction with Colwood City Centre Limited Partnership

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/

Symbol: OUP.P: TSX Venture Exchange

TORONTO, Nov. 26, 2013 /CNW/ - Oriana Resources Corporation ("Oriana") (TSX-V: OUP.P), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange" or "TSX-V") announces that its previously announced plan of arrangement agreement with Colwood City Centre Limited Partnership ("Colwood") has been terminated and the proposed business transaction will not proceed.

Oriana will resume its process of identifying and evaluating businesses and assets with a view to completing a potential qualifying transaction pursuant to the TSX-V CPC Policy, and will make further announcements with respect to these efforts as soon as practically possible.  As a capital pool company, Oriana is not permitted to carry on any business other than the identification and evaluation of assets or businesses for the purpose of completing a qualifying transaction under the TSX-V CPC Policy.  Oriana cannot offer any assurances that a qualifying transaction will be completed.

Trading Halt

Trading in Oriana Shares on the Exchange is presently halted, but expected to resume trading on or about November 28, 2013.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE: Oriana Resources Corporation

For further information:

For further information about Oriana or this news release, please contact:

Oriana Resources Corporation
Richard Buzbuzian
President, Chief Financial Officer & Chief Executive Officer

Telephone: (647) 501-3290
Email: rbuzbuzian@asher-resources.com

Profil de l'entreprise

Oriana Resources Corporation

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