Oremex Resources Completes Acquisition of Minera Montana

Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V:
ORM) ("Oremex" or the "Company") announces that it has acquired
Minera Montana, S. de R.L. de C.V. ("Montana"). To date, the Company
has held its mineral properties in Mexico under an option agreement
with Montana while conducting exploration programs on its projects
in Mexico. The Company has maintained the mineral properties in good
standing with the Mexican government. Montana is a company owned by a
Director and former officer of the Company.

Under the original option agreement dated February 28, 2003, and
amended in June 2003, the Company paid a sum of CAD$3,500 and
reimbursed Montana costs of CAD$236,954. The agreement gave the
Company the right to acquire the mineral concessions of Montana upon
payment of total amounts due to the underlying mineral concession
holder and payment of property taxes to maintain the claims in good
standing. Having fulfilled its obligations and completed a review of
acquisition options, the Company concluded that acquisition of the
shares of Montana would be more beneficial to the Company rather
than acquisition of direct title to the mineral concessions. No
additional consideration is payable.

The acquisition of Montana results in the portfolio of mineral
properties, including the Tejamen Silver Property ("Tejamen"), the
San Lucas Silver-Lead-Zinc Property and several other mineral
concessions, being held by Montana as a wholly-owned subsidiary of
the Company.

The Tejamen Silver Property 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). According to an
independent Preliminary Assessment Study prepared by Snowden Mining
Industry Consultants (NI 43-101 compliant, as reported in the
October 3, 2006 news release). Tejamen, an open-pit, heap-leach
project, has an estimated net present value of US$97.4 million at
US$12 per ounce silver and US$155 million at US$15 per ounce silver
(at a 7% discount). The mineral resource is open at depth and along
trend.

The Company's discussions with the Ejido (local village and
surrounding lands) with respect to surface access rights at Tejamen
are advancing and on-site management are optimistic that an
agreement in principle to either purchase or lease the surface
rights can be realized before year end. Linda Thorstad, P. Geo., is
the Qualified Person who has reviewed the contents of this news
release.

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: 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.

CO: Oremex Resources Inc.

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