Update on the Status of Tejamen Silver Project

Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc.
(TSX-V: ORM) (the Company) today provided an update on the status of
surface access at their Tejamen Silver Property (Tejamen), State of
Durango, Mexico.

Based on a firm decision by the Governor of the State of Durango
to assist the parties involved, and to achieve social and economic
benefits for the region, discussions with the Ejido of Tejamen are
being directed by the Secretary of State, for the Government Cabinet
of Durango. The Secretary of State is leading the discussions and is
responsible for the timelines to arrive at a resolution in the near
term. He has been assigned by Durango's Governor to take this
negotiation with the Ejido to a satisfactory conclusion. The Company
has presented terms for settlement that are similar to a recent
agreement arrived at between another mining company and the local
village in the vicinity of its mine. The Company is in daily contact
with senior representatives of the federal and state governments, who
are assisting the Secretary of State.

Tejamen has an Inferred mineral resource of 50.8 million ounces
of silver in a total of 22.6 million tonnes grading a
silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report
NI 43-101 compliant April 2006). Snowden Mining Industry Consultants
completed a Preliminary Assessment Study (NI 43-101 compliant October
2006) demonstrating that the project can support a 10,000 tonne per
day open pit, heap leach mining operation. The Company is looking
forward to a final resolution that is in the best interests of all
parties.

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.

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.de

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