Oremex Resources Inc.

Oremex Board Adopts Shareholder Rights Plan

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that  its board of directors has adopted a Shareholder Rights Plan (the "Rights  Plan"). The objectives of the Rights Plan are to ensure, to the extent possible, that all shareholders of the Company are treated equally and  fairly in connection with any take-over bid for the Company. Take-over bids  may not always result in shareholders receiving equal or fair treatment or  full value for their investment. In addition, current securities legislation  only requires a take-over bid to remain open for 35 days. The Board believes  that this period may be insufficient for the shareholders to evaluate a bid,  or for the Board to pursue alternatives which could maximize shareholder  value and make informed recommendations to shareholders. The Rights Plan was not adopted in response to, or in anticipation of, any acquisition or  takeover offer. The Company is not aware of any pending or threatened  takeover bid.

    In order to implement the Rights Plan, the board of directors has authorized the issuance of the rights to holders of its common shares at the  rate of one right for each common share outstanding. For administrative  convenience, the rights will automatically attach to the common shares and  will be represented by certificates representing the common shares. No  further action will be required by the shareholders. On the occurrence of  certain triggering events, which includes the acquisition by a person or a  group of 20% or more of the votes attached to all outstanding voting shares  of the Company in a transaction not approved by the board of directors, the rights will entitle to holders (other than the acquiring person or group) to  acquire common shares of the Company at a 50% discount to the market price.  The rights are not triggered by purchases of voting shares made pursuant to a  "permitted bid", which is a takeover bid made by way of a formal takeover bid  circular to all holders of common shares on identical terms, which is open  for at least 60 days and is for a minimum of at least 50% of the outstanding voting shares held by independent shareholders, and which permits shareholders who tender their shares to subsequently withdraw them before the  closing date of the bid.

    The Rights Plan is subject to acceptance by the TSX Venture Exchange and  ratification by the Company's shareholders. The Rights Plan will be submitted  to the shareholders for ratification at the Company's upcoming annual and  special general meeting, scheduled for May 6, 2008.

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

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

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: linda.thorstad@oremex.com.

Weitere Meldungen: Oremex Resources Inc.

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