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Oremex Resources Inc.

Oremex Announces Acquisition of Santa Catarina Massive Sulphide Property

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company") today announced that it has acquired the Santa
Catarina massive sulphide gold property near the village of Santa
Catarina in Sinaloa State, Mexico. The massive sulphide deposit
(primarily pyrrhotite with minor chalcopyrite), carrying gold values
that range from 0.24 to 0.55 ounces per tonne gold across a width of
20 metres, is an attractive small mine situation with the potential
for near term production. The property was acquired outright for a
purchase price of MP $200,000 (CDN $21,000) and back taxes of MP
$25,000 (CDN $2,625). The Company plans a program of line cutting,
mapping, soil sampling and geophysics followed by drilling to test
the strike length and depth of the massive sulphide mineralization
In addition the Company is awaiting assay results from its
recently completed 5,000-metre drill program at its San Lucas
Property and 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) inferred resource of 50.8 million ounces of silver-equivalent
in 22.6 million tonnes grading 69.8 grams per tonne
silver-equivalent.
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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