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Oremex Appoints Project Development Manager for Tejamen Silver Property

Geschrieben am 09.04.2007 - [Nächster Artikel]

Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V:
ORM) (the "Company") today announced that it has appointed Mr.
Javier Rojas as project development manager for its Tejamen Silver
Property ("Tejamen") in Mexico. Mr. Rojas, who will officially begin
his role on April 20, 2007, is a highly qualified mining specialist
with almost 40 years of experience in project development and mining
operations throughout Mexico. Mr. Rojas has served in several senior
roles directing surface operations, mine planning and implementation.
He has managed strategic planning and engineering in both open-pit
and underground mining operations using heap-leach and milling
processes for a range of Mexican companies.

"This is a very positive step for the development of the Company's
Tejamen Silver Property," said Linda Thorstad, CEO of the Company.
"Mr. Rojas' extensive experience in project development, mine
operations, open- pit mining and heap-leach operations, along with
his extensive network of industry and government contacts, will be
invaluable for the Company."

The Company also announced the grant of 150,000 stock options to
Mr. Rojas under the incentive stock option plan. The options, which
vest in 50,000 share increments at six-month intervals from the date
of employment, are exercisable for a period of five years. The
options will be priced on the date of commencement of employment,
based on the higher of the closing price of the previous day or of
the day of employment.

At Tejamen, the Company is continuing discussions with the Ejido (
governing authority for the village and surrounding lands) in order
to regain access to surface rights at the property. At the same time
the Company is preparing the necessary report to accompany its
application for surface access rights through applicable federal
laws.

According to an independent Preliminary Assessment Study (NI
43-101 compliant, as reported in the October 3, 2006 news release),
a potential open-pit, heap-leach project at Tejamen 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).
Projected production is approximately 4.5 million ounces of silver
per annum, with direct cash operating costs of US$4.50 per ounce of
silver from a current resource of 50.8 million ounces.
Mineralisation is open at depth and along trend.

The Company is also conducting a 5,000-metre drill program at its
San Lucas Property, testing extensions down dip and along trend of
mineralisation. A 3,000-metre drill program completed in 2005
outlined gold- silver-lead-zinc mineralisation over a strike length
of 2 kilometres with, widths up to 70 metres in a trend mapped for
over 4 kilometres.

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 categorised as mineral
reserves, and there is no certainty that the preliminary assessment
will be realised.

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.de

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