Oremex Resources Inc. (TSX VENTURE:ORM)(OTCQX:ORXRF)(FRANKFURT:OSI) ("Oremex
Resources") is pleased to highlight the recent progress at a number of its
silver properties in Mexico. The last few months have seen progress on a number
of properties and early results have been very encouraging. The company
continues to be very active on moving its portfolio of silver projects though
the exploration phase and into production.  


"We are very pleased with the success we have had over the past year developing
a legitimate portfolio of unique and highly prospective Mexican silver projects"
stated Michael R. Smith President & CEO. "We plan a very active year to advance
and further define the resource potential within our silver portfolio." 


San Lucas 

The company has initiated a re-evaluation of the 10,000m of drilling that was
previously completed at the silver portion of the San Lucas property in 2007.
The drilling completed by the previous management of the company was generally
shallow in nature and the company believes that there is considerable mineral
potential at moderate depths. This re-evaluation will take approximately three
months after which Oremex will determine the potential for additional drilling
to contribute toward our objective of developing a silver resource at San Lucas.



The San Lucas property is situated 86 kilometres north of the city of Durango
and is easily accessible year round. The property consists of 18 mineral
concessions covering 925.32 hectares. San Lucas has two prominent major
structures, the Main Shear Zone and the Rosita Structure that converge near the
north end of the property. Numerous other mineralized structures occur between
these two main structures and possibly beyond. Compilation of some earlier
drilling data suggest that there is the potential for a large, low grade
zinc-lead body of mineralization, below higher grade silver intercepts
intersected in near surface drill holes and workings. 


Chalchihuites 

Work continues at the wholly-owned Chalchihuites property in Durango Mexico
where initial sampling has yielded results of up to 3,540 g/t silver, 3.40 g/t
gold, 13.2% lead and to 5.4% zinc. Significant zones of sulfide mineralization
have been found during the recent sampling and mapping program and work
continues at the property to identify drill ready targets. Additional sampling
and mapping work is scheduled and the company is planning a drilling program at
the property to commence later in 2011. 


The Chalchihuites silver-lead-zinc property is situated in the municipality of
Chalchihuites, about 100 kilometres southeast of the city of Durango. Power is
available at the site and the property is accessible year round. The property
consists of four mineral concessions, Santa Teresa, Purisima, Santo Domingo and
the Santo Domingo Dos and covers about 48 hectares. The property, located on the
northern end of the Chalchihuites silver producing district, is a veined manto
system that in the past produced high grade silver, lead and zinc. The
mineralization identified to date is associated with shear zones hosted in a
granodiorite stock and rhyolite dikes, and in limestone adjacent to the
granodiorite stock. There are two parallel silver/gold/base metal mineralized
shear zone, separated by approximately 100m; the shear zones have 300m and 75m
of strike length. The property is at an early stage of exploration and has no
indicated minerals resources. 


El Sol 

An approximate 16 line-kilometer IP/Magnetic geophysical program has recently
been completed at the wholly-owned El Sol Project in Durango State, Mexico. 
Initial results have shown that there were two anomalies identified; one a
moderate anomaly and the other a significant anomaly. Further sampling and
mapping work is being conducted, from which the company expects to identify
potential drill targets. Expectations are that these results will give us the
information need to move forward with a drill program which is scheduled to
start later in 2011. The company has surface access rights to the property. 


The El Sol property consists of one mineral concession covering about 63
hectares and is situated in the municipality of Guadalupe Victoria, 73
kilometres northeast of the city of Durango. El Sol is located approximately 1
km northwest (and along trend) of the Cerro Las Minitas silver and base metal
deposit. The property is at approximately 2,200 metres in elevation at the
eastern limit of the Sierra Madre Occidental and has access year round. The high
grade silver-lead-zinc system on the property has seen past production, but the
property is at an early grass roots stage of exploration and development and has
no indicated resources. 


About Oremex: 

Oremex is a Canadian-based exploration company with a focus on the acquisition
and development of mineral properties in Mexico. The Company's Tejamen project
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). Snowden Mining Industry
Consultants completed a Preliminary Assessment Study (NI 43-101 compliant
October 2006) demonstrating that the project can support a 10,000 tonne per day
open pit, heap leach mining operation.


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. 


Cautionary Note Regarding Forward-looking Statements 

Certain statements contained in this news release may constitute forward-looking
information, (collectively "forward-looking information") within the meaning of
Canadian securities laws. Forward-looking information may relate to this news
release and other matters identified in Oremex' public filings, anticipated
events or results and can be identified by terminology such as "may", "will",
"could", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical facts and include, but
are not limited in any manner to, those with respect to capital and operating
expenditures, economic conditions, availability of sufficient financing, receipt
of approvals, satisfaction of closing conditions and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors and
assumptions, including, but not limited in any manner, those disclosed in any
other public filings of Oremex, and include the ultimate availability and final
receipt of required approvals, sufficient working capital for development and
operations, access to adequate services and supplies, availability of markets
for products, commodity prices, foreign currency exchange rates, interest rates,
access to capital markets and other sources of financing and associated cost of
funds, availability of a qualified work force, availability of manufacturing
equipment, no material changes to the tax and regulatory regime and the ultimate
ability execute its business plan on economically favourable terms. While we
consider these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect. Actual results may vary from
such forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Oremex filings at
www.sedar.com and other unforeseen events or circumstances. Other than as
required by law, Oremex does not intend, and undertakes no obligation, to update
any forward looking information to reflect, among other things, new information
or future events.