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Oremex Announces Appointment of CFO
Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") is pleased to announce the appointment of Chuck Jenkins, BA, CGA, as Chief Financial Officer of the Company, effective September 5, 2006. Mr. Jenkins has held senior financial positions with Canadian publicly-traded companies. He has also worked in a corporate finance and regulatory compliance capacity with three leading brokerage firms and served in a senior role with the BC Securities Commission. Mr. Jenkins obtained his BA in 1977 and has held his CGA designation since 1983.
"Mr Jenkins brings a broad range and depth of experience in the securities, corporate compliance and corporate finance fields, and will be a valuable addition to the Oremex team," stated Linda Thorstad, CEO.
The Company also announced the grant of 100,000 stock options to Mr. Jenkins under the incentive option plan. The options are exercisable at a price of $0.70 per share for a period of five years.
Mr. Jenkins replaces Mr. Don Smith, MBA, CA, who is leaving the Company to pursue other professional opportunities. Mr. Smith will remain available to the Company on a consulting basis. The Board of Directors thanks Mr. Smith for his service.
The Company's most advanced projects are the Tejamen silver property and the San Lucas polymetallic property, both located in Mexico. An independent resource study (NI 43-101 compliant) concluded that the Tejamen property contains a silver-equivalent resource of 50.8 million ounces in a total of 22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne (69.8 grams per tonne). The independent preliminary assessment is expected to be completed by the end of September, 2006.
The TSX Venture Exchange has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such statements.
ots Originaltext: Oremex Resources Inc.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-(604)-683-5651, E: