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Oremex Announces Investor Relations Agreement

Geschrieben am 09.05.2007 - [Nächster Artikel]

Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V:
ORM) (the "Company") announced that it has entered into an agreement
for investor relations services for an initial six month period with
Mr. Garth McTavish. With over 20 years of experience in the
investment industry, Mr. McTavish has an extensive network of
contacts in investment circles and solid experience in investor
relations.

In consideration for services the Company will pay a monthly fee
of CDN$3,750 and a grant of 150,000 share purchase options to Mr.
McTavish under the incentive stock option plan. The options are
exercisable at a price of CDN$0.56 per share for a period of five
years and will vest in quarterly increments over the next 12 months.

The Company has completed a 5,000-metre drill program at its San
Lucas Property, testing extensions down dip and along trend of
mineralization. A 3,000-metre drill program completed in 2005
outlined gold-silver-lead-zinc mineralization over a strike length of
2 kilometres with widths up to 70 metres of a mineralized zone that
has been mapped for over 4 kilometres. Results are pending.

In addition, the Company is continuing discussions with the Ejido
(governing authority for the village and surrounding lands) at the
Tejamen Silver Property while pursuing access to surface rights
through applicable federal laws. Tejamen contains a 43-101 compliant
(April 2006) resource of 50.8 million ounces of silver and, according
to a 43-101 compliant (October 2006) preliminary assessment study,
can support a large open pit, heap leach 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.

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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