NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES


Oremex Resources Inc. (TSX VENTURE:ORM)(OTCQX:ORXRF)(FRANKFURT:OSI) ("Oremex
Resources") is pleased to announce that, further to its press release dated July
28, 2011 (the "Prior Release") announcing the completion of its spin-out
transaction of its gold assets (the "Transaction") to Black Birch Capital
Acquisition I Corp. ("Black Birch"), Black Birch has received final TSX Venture
Exchange ("TSX-V") acceptance in respect of the Transaction. Trading in the
common shares of Black Birch on the TSX-V will resume on Monday August 15, 2011
under the trading symbol "BBC".


Subsequent to the closing of the Transaction, Oremex Resources intends to change
its name to name to "Oremex Silver Inc." and to apply to the TSX-V for a new
trading symbol. The name change was approved by Oremex Resources shareholders at
its annual and special meeting of shareholders held June 27, 2011. Oremex
Resources will provide further updates in this regard once additional details
concerning its name change and new trading symbol are known.


The Prior Release indicated, among other things, that, in connection with the
transaction: (i) Oremex Resources received 14,000,000 common shares and
2,000,000 warrants of Black Birch and a promissory note for $250,000 in exchange
for 100 series 1 preference shares of 7678576 Canada Inc. ("Oremex Gold"), a
wholly owned subsidiary of Oremex Resources; (ii) Oremex Gold amalgamated with
7834845 Canada Inc., a wholly-owned subsidiary of Black Birch (the
"Amalgamation") with the amalgamated entity ("Amalco") becoming a wholly-owned
subsidiary of Black Birch; and (iii) subscription receipt holders of Oremex Gold
received 17,424,000 common shares and 8,712,000 warrants in Oremex Gold which,
upon the Amalgamation, were converted on a one-to-one basis into common shares
and warrants of Black Birch. Accordingly, as of the date hereof, there are
34,766,520 common shares of Black Birch outstanding.


About Oremex Resources 

Oremex is a Canadian-based exploration company with a focus on the acquisition
and development of mineral properties in Mexico. The Company's most advanced
project Tejamen 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. The Company
continues with discussions with various federal and state government officials
and the Ejido of Tejamen (governing authority for the village and surrounding
lands) for surface access rights at the Tejamen Property.


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.


The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons absent registration
or an applicable exemption from registration requirements. This release does not
constitute an offer for sale of securities in the United States.


Cautionary Note Regarding Forward-looking Statements

Certain statements contained in this news release may constitute 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's public filings. Forward-looking information and 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 favorable 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 does not undertake any obligation
to update any forward looking information to reflect, among other things, new
information or future events.