News Archives 2005

San Lucas Drilling Project Provides A New Discovery For Oremex

Vancouver, B.C. June 21, 2005: Oremex is drilling two of its five projects in the State of Durango, Mexico. The San Lucas project is at an early exploration stage and is being evaluated concurrently with the Company's other project, the Tejamen, which has a 40 million ounce silver resource defined by the N. Tribe, P.Eng., in his February 1, 2005, report entitled "Mineral Resource Evaluation Report on the Tejamen Silver Property". (NI 43-101 compliant).

Oremex is pleased to announce the initial results of a 19-hole drill program on its San Lucas Project. Geological mapping and drilling has outlined a disseminated silver-gold mineralized system with associated lead and zinc. The zone has been traced along a strike length over 1700 meters by mapping and drilling. A total of 3,042 metres of reverse circulation drilling has been completed on 100-metre step-outs along the trend of mineralization.

Highlights include 4 metres (13 feet) of 9.26 gpt gold and 233 gpt silver in drill hole #3, and 6 metres (20 feet) of 203 gpt silver in drill hole #4.

Seventeen of the 19 holes intersected the mineralization with some of the better intercepts as follows (the assays and map of all drill-holes are available on the Oremex website):

This drilling defined a 800-900 metre strike length of better grade mineralization in a volcanic sequence of andesite and rhyolite. Drilling and mapping elsewhere indicates that a carbonate (limestone) unit is projected to intersect the better mineralized zone 100 metres below the present drilling This will be tested in the next phase of drilling to evaluate the potential for replacementtype mineralization, and the expansion of the presently known zones.

TEJAMEN PROJECT

Drilling is continuing to expand the 40 million ounce silver resource as defined by N. Tribe, P.Eng., in his February 1, 2005 report. Assay results are expected in approximately two weeks.

Norm Tribe, P.Eng., is the Qualified Person (QP) responsible for oversight of the San Lucas exploration and has verified the data above.

For more information, please contact: James Yates, Telephone: (604) 683-5651 Fax: (604) 684- 9365

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