Oremex Resources Inc.

Oremex Release Results From Diamond Drill Program at Tejamen Silver Property

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") announces that it  has received final results of a ten-hole drill program completed at its  Tejamen Silver Property ("Tejamen") in 2006. Receipt of assay results for  these holes was delayed due to administrative difficulties in Mexico.  The holes were drilled to twin some of the reverse circulation drill holes,  provide samples for rock strength testing on the periphery of the proposed pits, and to provide samples for metallurgical testing in the two mineralized  zones. Diamond drill ("DD") holes DD-1 to DD-4 tested the Cerro Prieto zone,  diamond drill holes DD-5 and DD-6 tested mineralization within the Los Mantos  zone while holes DD-7 to DD-10 were primarily drilled to provide samples for  rock mechanics testing.

    Hole DD-1 was sited between reverse circulation ("RC") holes RC-1 and  RC-2, and showed good correlation with mineralized intercepts in both holes  as follows:

@@start.t1@@      -------------------------------------------------------------------------
                                                                                                                Ag
        Drill              Interval              Metres                      Ag (grams      (ounces
        Hole                (metres)              (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-1                18-84                  66 (216.5)                59.5                 1.74
      -------------------------------------------------------------------------
        Incl.              38-50                  12 (39.1)                 127.5                3.72
      -------------------------------------------------------------------------
        RC-1                16-82                  66 (216.5)                78.5                 2.30
      -------------------------------------------------------------------------
        Incl.              24-36                  12 (39.4)                 113.0                3.31
      -------------------------------------------------------------------------
        RC-2                16-108                 92 (301.8)                39.1                 1.15
      -------------------------------------------------------------------------
        Incl.              26-54                  28 (91.8)                 50.0                 1.46
      -------------------------------------------------------------------------
        Incl.              88-116                 28 (91.8)                 54.1                 1.58
      -------------------------------------------------------------------------
      Hole DD-2 twinned Hole RC-7 and also showed good correlation with
      respect to grades and thicknesses as follows:
      -------------------------------------------------------------------------
                                                                                                                Ag
        Drill            Interval                Metres                      Ag (grams      (ounces
        Hole              (metres)                (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-2                36-96                  60 (196.8)                138.4                4.05
      -------------------------------------------------------------------------
        Incl.              48-76                  28 (91.3)                 253.7                7.40
      -------------------------------------------------------------------------
        And                 112-128                16 (52.5)                 32.1                 0.94
      -------------------------------------------------------------------------
        RC-7                36-102                 66 (216.5)                104.5                3.05
      -------------------------------------------------------------------------
        And                 130-140                10 (32.8)                 176.2                5.15
      -------------------------------------------------------------------------
        And                 150-164                14 (45.9)                 35.1                 1.02
      -------------------------------------------------------------------------
      Hole DD-3 was drilled 25 metres south of Hole RC-8:
      -------------------------------------------------------------------------
                                                                                                                Ag
        Drill            Interval                Metres                      Ag (grams      (ounces
        Hole              (metres)                (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-3                62-78                  16 (52.5)                 38.6                 1.13
      -------------------------------------------------------------------------
                              98-114                 16 (52.5)                 52.7                 1.54
      -------------------------------------------------------------------------
        Incl.              102-104                2 (6.6)                    135.5                3.96
      -------------------------------------------------------------------------
        Incl.              112-114                2 (6.6)                    216.2                6.32
      -------------------------------------------------------------------------
         RC-8                84-104                 20 (65.4)                 118                  3.45
      -------------------------------------------------------------------------
        Hole DD-4 was drilled between holes RC-28 and RC-29:
      -------------------------------------------------------------------------
                                                                                                                 Ag
        Drill            Interval                Metres                      Ag (grams      (ounces
        Hole              (metres)                (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-4                24-110                 86 (280.4)                26.8                 0.78
      -------------------------------------------------------------------------
        Incl.              52-58                  6 (19.6)                  51.3                 1.50
      -------------------------------------------------------------------------
        Incl.              70-74                  4 (13.1)                  48.6                 1.41
      -------------------------------------------------------------------------
        Incl.              106-110                4 (13.1)                  48.0                 1.40
      -------------------------------------------------------------------------
        RC-28              14-82                  68 (223.0)                81.6                 2.38
      -------------------------------------------------------------------------
        RC-29              56-80                  24 (78.7)                 114.2                3.34
      -------------------------------------------------------------------------
      In the Los Mantos zone, Hole DD-5 was drilled between holes RC-97 and 
      RC-98:
      -------------------------------------------------------------------------
                                                                                                                Ag
        Drill            Interval                Metres                      Ag (grams      (ounces
        Hole              (metres)                (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-5                0-36                    36 (118.1)                49.5                 1.45
      -------------------------------------------------------------------------
        Incl.              28-32                  4 (13.1)                  168.6                4.91
      -------------------------------------------------------------------------
                              48-60                  12 (39.4)                 34.0                 1.00
      -------------------------------------------------------------------------
      RC-97                14-152                 138 (452.6)              105.5                3.08
      -------------------------------------------------------------------------
      RC-98                0-4                      4 (13.1)                  57.5                 1.68
      -------------------------------------------------------------------------
                              32-54                  22 (72.2)                 24.3                 0.71
      -------------------------------------------------------------------------
      Hole DD-6 was drilled between Holes RC-78 and RC-79:
      -------------------------------------------------------------------------
                                                                                                                Ag
        Drill            Interval                Metres                      Ag (grams      (ounces
        Hole              (metres)                (feet)                      per tonne)    per ton)
      -------------------------------------------------------------------------
        DD-6                8-24                    16 (52.5)                 19.7                 0.57
      -------------------------------------------------------------------------
        And                 42-60                  18 (59.0)                 50.7                 1.48
      -------------------------------------------------------------------------
        RC-78              62-78                  16 (52.5)                 549.4                16.09
      -------------------------------------------------------------------------
        And                 110-150                40 (131.2)                84.1                 2.46
      -------------------------------------------------------------------------
        RC-79              64-82                  18 (59)                    71.4                 2.09
      -------------------------------------------------------------------------
        And                 116-154                38 (124.6)                88.1                 2.50
      -------------------------------------------------------------------------@@end@@

    Holes DD-7 to DD-10, drilled near the proposed pitwalls for the open pit in the Los Mantos zone, encountered relatively narrow widths of silver mineralization. Core samples taken from these holes were utilized by Call & Nicholas of Tuscon, Arizona for completion of their geotechnical review of  the Tejamen property. Their report concluded that overall geotechnical  conditions are favourable at the property and their findings generally  supported the pit slope angles utilized in the independent Preliminary  Assessment Study completed by Snowden Mining Industry Consultants in 2006.

    All intercepts are reported as drilled; true widths have not been calculated. Diamond drill samples were collected, logged and split following standard industry practice and were analyzed by Inspectorate America Corporation using 30 element ICP with a fire assay technique with a gravimetric finish for gold and silver. Linda Thorstad, P. Geo., is the qualified person who reviewed the data as received from the assay lab.

    The Tejamen deposit remains open at depth and in several directions for future exploration. The Company is continuing discussions with the Ejido for long term access to surface rights at the project.

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

    Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ  materially from those anticipated in our forward-looking statements. Factors  that could cause such differences include: changes in world commodity  markets, equity markets, costs and supply of materials relevant to the mining  industry, change in government and changes to regulations affecting the  mining  industry. Forward-looking statements in this release include  statements regarding future exploration programs, operation plans,  geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

ots Originaltext: Oremex Resources Inc.
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: Linda Thorstad, M.Sc., P.Geo. Chief
Executive Officer, T: +1-604-683-5651, E: linda.thorstad@oremex.com



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