LIAONING, CHINA, May 25, 2012 /PRNewswire/ - Orofino Gold Corp. (OTCQB-US:ORFG) ("Orofino"), The Board of Directors announce the financial results for the period ending November 30, 2011, for Orofino Gold Corp, a minerals exploration and mining company whose shares of Common Stock are listed for trading on the over-the-counter market with Pink OTC Markets, Inc., announced today its financial results for the three and six-month periods ended November 30, 2011.  Orofino reported a net loss of ($198,939) or $0.0010 per share of Common Stock on a diluted basis for the three-months ended November 30, 2011 and a net loss of ($487,669) or $0.0035 per share of Common Stock on a diluted basis for the six-months ended November 30, 2011.  As the Company is still in its development stage, it did not generate any income or revenue for the reporting periods.

Orofino's unaudited and unreviewed financial statements for the three and six-month periods ended November 30, 2011, compiled in accordance with United States generally accepted accounting principles are attached to this release.

Future Operations:

Orofino continues to pursue the development of its interests in two gold concessions located in the southern region of the Bolivar Department in Colombia. The company has recently undertaken additional exploratory activity on the Rio Viejo Concession and collected additional assay samples for processing.

Orofino continues to be challenged by the current economic environment in its efforts to raise additional funds for operations. As a result, there is no assurance that the company will be able to achieve its operations goals.

As reported on Form NT 10-K filed on August 29, 2011, Orofino did not file its Annual Report on Form 10-K for the year ended May 31, 2011 with the Securities and Exchange Commission (the "Commission") by the required due date of August 29, 2011. Due to the company's current financial condition, it is only beginning the process of preparing its Annual Report on Form 10-K for the year ended May 31, 2011. Registrant intends to prepare the Annual Report with expanded financial and other disclosures in lieu of filing a separate Annual Report on Form 10-K for the fiscal years ended May 31, 2010, 2011 and 2012, and Quarterly Reports on Forms 10-Q for each of the Registrant's fiscal quarters commencing with the fiscal quarter ended August 31, 2009. Orofino currently anticipates filing such expanded Form 10-K by August 30, 2012.

About Orofino Gold Corp.

Orofino is a Nevada corporation engaged in the business of exploring for and mining minerals, principally gold. The company currently holds an option to acquire an interest in two gold concessions located in the southern area of the Bolivar Department in Colombia.

Forward Looking Statements

Certain of the statements in this news release are forward-looking statements, including statements regarding the strategy and focus of Orofino and the ability to regain compliance with securities and tax reporting obligations. Additional information regarding the company can be found in its most recent filings on Form 8-K.

Orofino Gold Corp.
(An Development Stage Company)
Statements of Cash Flows
(Stated in US Dollars)
Unaudited
	For the three months ended			For the six months ended			From inception (April 12, 2005) to
	November 30, 2011	November 30, 2010		November 30, 2011	November 30, 2010		November 30, 2011
Operating Activities
Net income (loss)	$   (198,939)	$    (85,468)		$   (487,669)	$  (304,816)		$(2,693,885)
Adjustments to reconcile net income to net cash
Imputed interest on related party loan	-	-		-	-		1,967
Accrued interest on loans	35,518	24,048		67,168	47,495		271,749
Write off mineral property costs	-	-		-	-		505,000
Shares issued for services	-	-		-	60,000		174,000
Accounts payable	25,450	29,262		121,231	27,310		258,332
Prepaid expenses	5,380	985		(17,885)	-		(17,885)
Net cash used in operating activities	(132,591)	(31,173)		(317,155)	(170,011)		(1,500,722)
Financing Activities
Loans	132,591	31,173		317,155	170,011		1,641,386
Warrants	-	-		-	-		500,000
Contributed Capital	-	-		-	-		7,500
Common shares issued to founders @ $0.0001 per share	-	-		-	-		1,000
Net cash provided by financing activities	132,591	31,173		317,155	170,011		2,149,886
Investing Activities
Acquisition of mineral properties	-	-		-	-		(650,000)
Net cash provided by investing activities	-	-		-	-		(650,000)
Effect of exchange rate on cash	-	-		-	-		836
Cash at beginning of period	-	-		-	-		-
Cash at end of period	$                -	$                -		$                -	$                 -		$                 -
Cash Paid For:
Interest	$                -	$                -		$                -	$                 -		$                 -
Income Tax	$                -	$                -		$                -	$                 -		$                 -
Non-Cash Activities
Shares issued in Lieu of Payment for Service	$               -	$               -		$                -	$                -		$     174,000
Stock issued for convertible debentures and interest	$                  -	$                  -		$         4,125	$                  -		$      352,500
Stock issued for mineral property acquisition	$                  -	$                  -		$                 -	$                  -		$      360,00 artisanal mining operations, potential accounting standards, exploration stage gold mining, automotive car wash, snt cleaning inc., pink otc markets inc., orofino gold corp., international accounting standards board, securities and exchange commission, bolivar department in colombia, fasb, department of bolivar, united states of america, china, republic of colombia, united states, nevada, liaoning, usd, accountancy, finance, generally accepted accounting principles, financial statements, financial markets, balance sheet, book value, income statement, international financial reporting standards, ownership equity, convertible bond, valuation, attorney, pink otc markets inc., forward, general, orofino gold corp Read source article Blog on news item Related content News: BM&FBOVESPA Publishes February Market Performance 78 days ago - News Articles BOVESPA Segment In February 2013, the equities market’s (BOVESPA segment) financial volume totaled BRL 140.96 billion in 15,078,756 trades, with daily averages of BRL 7... News: Orofino Gold Corp. Announces Results For The Three and Six-Month Periods Ended November 30, 2011 363 days ago - PR Newswire: Mining & Metals LIAONING, CHINA, May 25, 2012 /PRNewswire/ - Orofino Gold Corp. (OTCQB-US:ORFG) ("Orofino"), The Board of Directors announce the financial results for the period ending Nove... News: Ex-IASB Tech Manager Returns To Duff & Phelps 15 days ago - FINalternatives Hilary Eastman, who spent seven years as a senior technical manager at the international accounting standards board, has returned to the financial advisory firm Duff & Phe... News: SEC Charges City Of South Miami With Defrauding Investors About Tax-Exempt Status Of Municipal Bonds 17 hours ago - News Articles The Securities and Exchange Commission today charged the City of South Miami, Fla., with defrauding bond investors about the tax-exempt financing eligibility of a mixed-use re... News: Accountants' Handbook, 2011 Cumulative Supplement, 11th Edition 274 days ago - Wiley: All New Business & Economics Titles   Accountants continue to find it difficult to keep abreast of the flood of issuances by FASB and AICPA, as well as the numerous interpretations and bulletins iss... News: Merely Cracking The Glass Ceiling Is Not Enough: Corporate America Needs More Than Just A Few Women In Leadership By SEC Commissioner Luis A. Aguilar - Women's Executive Circle Of New York, The University Club Of New York, New York, New York, May 22, 2013 15 hours ago - News Articles Thank you for that kind introduction.  I am honored to be here with the Women’s Executive Circle of New York (the “WECNY”) to discuss a topic that&rsquo... © MoneyScience 2011-2012 All Rights Reserved. VAT No: 902 7652 32 Company No. 6184038 Help | Contact | Disclaimer Terms & Conditions | Privacy Policy Advertising | Feeds