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News from CNW Group

Thursday, March 04, 2004

TORONTO, March 4 /CNW/ - Ore-Leave Capital Inc. (OLV- TSX-Venture) today announced that it has defined another large gold and gold + copper anomaly at the Oravita-Ciclova prospect in the northern part of its 100% owned Oravita Exploration License. The discovery is based on the results of Ore-Leave's soil-geochemistry program.

This is the second large gold and gold + copper anomaly discovered on the Oravita License, which covers a 32 km long prospective segment of the Banat Porphyry Belt in Southwestern Romania.

"Ore-Leave believes that the scale and geological setting of both this new prospect discovery and that of the Carbunari-Stinapari prospect, situated 25 km to the south, are prospective for large porphyry-related, sediment-hosted gold deposits."

The Oravita-Ciclova gold-in-soil anomaly occurs along two structural lineaments covering an area 6 km in length and up to 500 m wide. The gold-in-soil anomalies are defined by a halo of greater than 20 ppb Au with anomaly cores of greater than 40 ppb Au. The copper-in-soil anomalies are defined by a halo of greater than 500 ppm Cu with anomaly cores of greater than 1,000 ppm Cu. Background levels in the soils are 3 ppb for Au and 30 ppm for Cu. The soil geochemistry program at Oravita-Ciclova covered 28 square km at a sample spacing of 400 x 100 metres. These anomalies occur over Cretaceous porphyritic intrusive complexes, contact zones, and a folded package of Mesozoic shelf sedimentary rocks (calcareous-siliciclastic).

The Oravita-Ciclova anomaly is similar to the previously defined 5 km2 gold and gold + copper anomalies at the Carbunari-Stinapari prospect, 25 km to the south, where discrete zones of jasperoids occurring in calcareous- siliclastic sedimentary packages carry gold mineralization ranging from 2 g/t Au to 15 g/t Au and Cu mineralization ranging from 0.5% to 2.2% Cu.

Ore-Leave has contracted a helicopter-borne Magnetic and EM survey to cover the Oravita License, which will be completed in March. This survey, together with surface sampling and geologic mapping will enable efficient target selection for a trenching and drill program planned for the second half of 2004.

The soil samples from the soil-geochemistry program were dry-sieved to -40 mesh (0.425 mm), and analysed by OMAC Laboratories Ltd., Ireland, for gold and a 46 Element ICP package. During soil sample collection, a total of 149 rock chip samples were also collected. Most of these samples were collected outside of the soil anomalies with no samples from the gold-only soil anomaly area. Of the 149 samples collected, 26 samples are greater than 0.1 ppm gold ranging up to 1.78 g Au/t gold.

Mr. Dino Titaro is the in-house Qualified Person (as defined in National Instrument 43-101) overseeing the design and implementation of the field-work programs.

Ore-Leave Capital is a mineral exploration company focused on gold exploration on it's highly prospective properties in Hungary and Romania, within the Carpathian Arc.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

/For further information: Dino Titaro, President and CEO, Tel. +1 (416) 368-7744 (CAN), Fax. +1 (416) 368-2579 (CAN), Web site: : www.ore-leave.com/

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