Oremex Resources Inc.

Oremex Announces Warrant Extension

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that  it has received regulatory approval to extend the expiry date of 700,000  warrants by three months from March 21, 2007 to June 21, 2007. The exercise  price remains $0.65 per warrant. The warrants were issued pursuant to a private placement of 1,400,000 shares with 700,000 non-transferable share  purchase warrants attached which was accepted for filing by the TSX Venture  Exchange effective September 20, 2005.

    The Company continues to focus on its two key properties: the Tejamen  Silver Property and San Lucas 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 completed in 2005  outlined a high grade gold-silver-gold-lead-zinc system in volcanic rocks  over a two-kilometre strike length. A preliminary surface mapping and  sampling program has traced the zone for an additional two kilometres along  strike from the original drilling. A 5,000 metre drill program is currently  testing mineralization along strike and at 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.

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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