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Oremex Resources Inc. - Appointment of Chief Executive Officer
Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSXV symbol - ORM) (the "Company") is pleased to announce the appointment of Linda Thorstad, PGeo, as the Chief Executive Officer of the Company. A registered professional geoscientist, Thorstad has many years of senior management experience in the mining industry and brings a wealth of development and mining experience to the Company. In addition to her many senior mining roles, she is past president of the Association of Professional Engineers and Geoscientists of BC as well as recipient of the 2002 Woman of Influence in Business Award. Her technical background, coupled with strong communications and management skills, will be an asset to the Company.
The Company's Chairman, Andrew Milligan stated: "The Company is delighted to have someone with Ms. Thorstad's background and experience to fill the CEO role and round out the management team."
The Company also announced the grant of 250,000 stock options to Ms. Thorstad under the incentive option plan. The options are exercisable at a price of $0.60 per share for a period of five years.
Company assets include both the Tejamen Silver and the San Lucas Polymetallic Properties located in Mexico. An independent resource study (NI 43 - 101 compliant) concluded that the Tejamen property contains an equivalent silver resource of 50.8 million ounces in a total of 22,600,000 tonnes, grading a silver equivalent of 69.8 grams per tonne. An independent preliminary assessment is anticipated for late summer 2006.
The San Lucas Property represents a promising polymetallic project. Oremex continues to evaluate its other mineral concessions for principal property status and will either complete further exploration work or sell the asset.
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, PGeo, CEO, Telephone:
+1-604-683-5651, Email: Linda@oremex.com