Oremex Update - Bankkaufmann

Vancouver (ots/PRNewswire) - Oremex Resources Inc. (TSX-V:
ORM) (the Company) today provided a progress update for the Tejamen
Silver Property (Tejamen).

The Company has generated significant support for development of
Tejamen from State, regional and local officials as well as the
commercial, health, educational and regional sectors and the general
populace of Tejamen and Nuevo Ideal. In addition, the Federal
Minister of Mines has dedicated staff to assist with finalization of
an agreement.

Discussions with representatives of the Ejido (local village and
surrounding lands) continue to progress, although more slowly than
anticipated. The Company has submitted a conciliatory letter
requesting formal authorization for a new relationship and atoning
for the mistakes of the past administration of the Company in Mexico.
During the year the Company has taken a number of remediation
measures in the village. The law firm of Pizarro-Suarez & Vazquez has
been retained to assist with surface access rights to enable project
development and subsequent production.

To advance the project technically and provide for future permit
requirements the Company has assembled a project team which has
continued to work on Tejamen. A new topographical survey of the drill
holes been completed and plotted and drill holes in the Los Mantos
zone have been re-logged and re-plotted for consistency.

Management have completed a revised internal analysis to refine
the scoping study prepared by Snowden Mining Industry Consultants
(Snowden) in October 2006 which contemplated open pit mining from two
mineralized zones, the Cerro Prieto and Los Mantos. The revised
analysis, based on cost estimates from Snowden, operating costs of
comparable Mexican mines and an internal cost sensitive analysis,
supports initial production solely from the Los Mantos Zone which
contains 70% of the silver defined to date. Under this plan of
operations and revised pit outline, disturbance to the village would
be minimal and it will not be necessary to move the village as
contemplated by Snowden. Production could proceed in the Los Mantos
Zone for four to five years while exploration is conducted to expand
near surface resources surrounding that zone.

Management have also reviewed previous work and through
reinterpretation believe there is also good potential to explore,
develop and ultimately exploit by underground mining the higher grade
feeder veins, intercepted by previously drilled diamond drill holes,
under both the Los Mantos and Cerro Prieto zones. Additional drill
holes required to upgrade mineral resources as well as drill holes to
complete condemnation drilling have been mapped out.

A development program to take Tejamen through to a feasibility
study has been planned. Infill and condemnation drilling will include
over 8,500 metres of diamond drilling and 32,700 metres of reverse
circulation drilling. The program will also include updated resource
calculations; rock mechanics to maximize the slope angle of the pit,
optimize pit design and define the possibility of breaking the rock
with a ripper instead of explosives in the first benches near the
surface; blast vibration analysis for blast design that would
minimize any vibration impacts on the village; hydrological studies
to design a dewatering system for the pit; as well as metallurgical
test work to optimize the recovery process and plant design.

The Company intends to retain an external engineering firm to
review the work while an internal feasibility study is being produced
and, subject to completion of the necessary work, prepare an
independent NI 43-101 Technical Report: Feasibility Study for the
Tejamen Silver Property.

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
("Snowden") completed a Preliminary Assessment Study (NI 43-101
Technical Report, October 3, 2006) for Tejamen demonstrating that the
project could support a 10,000 tonne per day open pit, heap leach
mining operation.

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.

Linda Thorstad, M.Sc., P.Geo.
Chief Executive Officer
604-683-5651
linda.thorstad(at)oremex.com

ots Originaltext: Oremex Resources Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Linda Thorstad, M.Sc., P.Geo., Chief Executive Officer,
+1-604-683-5651, linda.thorstad(at)oremex.com