Oremex Resources Inc. - CDN$1,000,000 Private Placement Financing

Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSXV
symbol - ORM) (the "Company") announced that it will proceed with an
additional private placement consisting of up to 1,250,000 units
("Units") at CDN$0.80 per Unit for gross proceeds of up to
CDN$1,000,000.

Each unit consists of one common share and one-half of one share
purchase warrant (a "Unit"). One whole warrant will entitle the
holder to purchase one additional common share for a period of 18
months at a price of CDN$1.00 per warrant share, subject to an
acceleration provision such that if, at any time following four
months after the closing of the financing, the closing price per
share on the TSX Venture Exchange is CDN$2.00 or higher for fifteen
(15) consecutive business days, then the Company may give the
investors notice that the warrants must be exercised or they will
expire within 30 days of such notice.

The Company has agreed to pay an 8% finders fee in connection with
the private placement. If all of the Units are sold the net proceeds
to be realized by the Company from the private placement will be
approximately CDN$920,000. The private placement proceeds will be
used to fund drilling and related exploration work on the San Lucas
property, exploration programs on the Company's other mineral
properties and for property acquisitions in Mexico.

This private placement is in addition to the CDN $4,000,000
private placement financing that the Company announced on April 11,
2006.

The securities to be issued under the Offering shall be subject to
a four month hold period, and the Offering is subject to the
acceptance of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed or does not accept
responsibility for the adequacy or accuracy of this release. This
news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and, therefore, involve inherent
risks and uncertainties. Actual results may differ materially from
those currently anticipated in such statements.

This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the United
States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state ecurities laws and may not be offered
or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or
an exemption from registration is available.

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

Contact:
Don Smith, Tel: +1-604-683-5651, Fax: +1-604-630-0141 or send
questions and comments to: info@oremex.com