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Oremex Resources Inc.

Oremex Resources Inc. - Extension of Share Purchase Warrants

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company") announced that it intends to extend for a period
of three months the exercise period of 4,666,667 outstanding share
purchase warrants, which are due to expire on November 18, 2007. The
affected warrants were issued pursuant to a private placement
completed on May 18 2006. The  CAD$0.95 exercise price of the
warrants will remain unchanged. The warrant  extension is subject to
the acceptance of the TSX Venture Exchange.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
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: (604)-683-5651, E: linda.thorstad@oremex.com
(ORM.)

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