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Oremex Resources Inc.

Oremex Announces Board of Directors

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company") announced that at the Annual General Meeting of
the Shareholders held on May 3, 2007, the shareholders elected two
new directors, Chris Marcus and Craig Thomas, and re-elected the
following incumbent directors: Francisco Crespo Hernandez, Ross
Glanville, Iain MacPhail, Andrew Milligan, Dale Scholz, and Henry
Scholz. Mr. Thomas, partner at Thomas, Rondeau, is a lawyer
practicing in British Columbia with extensive experience in corporate
finance, mergers and acquisitions, and mining. Mr. Marcus, CEO and
Founder of Fyre Marketing LLC, is a communications and investor
relations specialist.
The Company also announced the grant of 150,000 stock options each
to Mr. Marcus and Mr. Thomas under the incentive stock option plan.
The options are exercisable at a price of CDN$0.54 per share for a
period of five years.
The Company has completed a 5,000-metre drill program at its San
Lucas Property, testing extensions down dip and along trend of
mineralization. A 3,000-metre drill program completed in 2005
outlined gold-silver-lead-zinc mineralization over a strike length of
2 kilometres with widths up to 70 metres of a mineralized zone that
has been mapped for over 4 kilometres. Results are pending.
In addition, the Company is continuing discussions with the Ejido
(governing authority for the village and surrounding lands) at the
Tejamen Silver Property while pursuing access to surface rights
through applicable federal laws. Tejamen contains a 43-101 compliant
(April 2006) resource of 50.8 million ounces of silver and, according
to a 43-101 compliant (October 2006) preliminary assessment study,
can support a large open pit, heap leach operation.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
National Instrument 43-101 requires the following statement: that
the preliminary assessment is preliminary in nature, that it includes
inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is
no certainty that the preliminary assessment will be realized.
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.

Contact:

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

Weitere Storys: Oremex Resources Inc.
Weitere Storys: Oremex Resources Inc.
  • 09.04.2007 – 15:18

    Oremex Appoints Project Development Manager for Tejamen Silver Property

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that it has appointed Mr. Javier Rojas as project development manager for its Tejamen Silver Property ("Tejamen") in Mexico. Mr. Rojas, who will officially begin his role on April 20, 2007, is a highly qualified mining specialist with almost 40 years of ...

  • 03.04.2007 – 07:32

    Oremex Negotiates Long-Term Lease for Surface use at San Lucas Property

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") announced that it has negotiated a long-term lease for use of surface rights at its San Lucas Property ("San Lucas") with the Ejido (governing authority for the village and surrounding lands). The lease provides surface rights to 50 hectares of Ejido land for the purposes of ...

  • 01.03.2007 – 20:13

    Oremex Provides Additional Information Regarding Status of Tejamen Silver Property

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") is providing additional details pursuant to the Company's February 26, 2007 news release, which reported on the status of the Company's surface access rights to the Tejamen Silver Property ("Tejamen"). Under Mexican mining law, ownership of mining concessions ...