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Oremex Provides Update on Tejamen Silver Property
VANCOUVER, Canada, June 25 /PRNewswire/ -- Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced an
update on progress at its Tejamen Silver Property in the State of Durango,
Mexico. The Company's representatives are continuing discussions with the
Ejido of Tejamen, which holds the surface rights to the Tejamen Silver
Property. Discussions are progressing well and the Company is confident
that a settlement that will benefit both parties can be achieved.
A NI 43-101 compliant preliminary assessment study completed in
October 2006 by Snowden Industry Mining Consultants ("Snowden") scoped the
project as a 10,000 tonne per day heap leach operation with open pit mining
from the two mineralized zones, Cerro Prieto and Los Mantos. As a portion
of the village of Tejamen lies between the two zones, Snowden considered an
early move of the village to be an important component in advancing the
project to production. Management has now completed an internal
analysis based on data and cost estimates from the Snowden report that
supports initial production from Los Mantos, the southern zone of
mineralization, which would preclude the need to move the village of
Tejamen in the near term. Disturbance to the village would be minimal under
this plan of operations and production could proceed for a minimum of four
years. The Los Mantos Zone contains approximately 70 percent of the silver
content defined to date on the property. It also offers significant
exploration potential for the addition of silver resources on the property.
Under the guidance of the Company's new project development manager,
options for commencement at Los Mantos with follow-up mining at the Cerro
Prieto Zone are under consideration.
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.






