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Oremex Resources Inc.

Oremex Completes Sale of Mezquital Claims to Canasil

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company"), Minera Montana S.  de R.L. de C.V. ("Minera
Montana"), Canasil Resources Inc. ("Canasil") and  its wholly owned
subsidiary Minera Canasil S.A. de C.V. ("Minera Canasil")  are
pleased to announce completion of the transfer of claim titles for
100%  interest in the Mezquital claims from Minera Montana to Minera
Canasil.
Canasil will issue 650,000 common shares and 75,000 share purchase
warrants to the Company, upon approval of the agreement by the TSX
Venture  Exchange. Each warrant will entitle the Company to acquire
one common share  of Canasil at a price of CDN$0.50 within 12 months
of regulatory approval.
"We are pleased to complete the transaction with Canasil," said
Linda  Thorstad, Chief Executive Officer of the Company. "The sale of
the property  generates a solid return on investment for Oremex
shareholders."
Oremex continues to focus on its two key properties: the Tejamen
Silver  Property and San Lucas high grade silver-gold property. An
independent  resource study (NI 43-101 compliant, as reported in
April 11, 2006 news  release, has concluded that the Tejamen Silver
Property contains a silver- equivalent resource of 50.8 million
ounces in a total of 22.6 million  tonnes, grading a
silver-equivalent of 69.8 grams per tonne (2.04 ounces  per ton).
At the San Lucas Property, a 19-hole drill program outlined a high
grade silver-gold mineralized system with lead and zinc in volcanic
rocks  over a two-kilometre strike length. Preliminary surface
mapping and  sampling have traced the zone for an additional two
kilometres along strike  from the original drilling. Drilling will
test extensions of mineralization  in 2007 along strike and to depth.
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

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