Vancouver, B.C. December 13, 2004: The San Lucas property, one of Oremex's six 100%-owned Mexican Properties is located 80 km north of the city of Durango. The property contains a 2 km long northeast-trending zone of alteration and mineralization. The mineralized zone varies from 50 metres to over 100 metres in width. Two parallel northeast-trending silver and gold bearing veins, about 30 metres to 50 metres apart extend over the entire 2 kilometres.

Additional claims along the structure have now been acquired, at a minimal cost to Oremex, entitling the company to 100% ownership and no underlying royalties. The Veta Grande claim was worked at the end of the 19th century and was equipped with a small concentrator. Mining activity was suspended as a result of the Mexican revolution in 1910. It is reported that in the 1980s small shipments were made from the Veta Grande, Noche Buena and El Refugio claims, which are all now part of Oremex's San Lucas property.

The claim known as Noche Buena was previously sampled by Luismin and Echo Bay. Surface sampling of the veins and wall rocks by Luismin returned values of 1.35 g/t Au and 73 g/t Ag over 1.5 metres to 15 g/t Au and 51 g/t Ag over 0.7 metres. An underground sample by Luismin assayed 256 g/t Au and 391 g/t Ag over 0.75 metres. Vuggy quartz stockwork found between the two major quartz veins was sampled by Echo Bay and Oremex. Oremex's rock chip sampling returned weighted averages of 0.87g/t Au and 40g/t Ag over 30 metres, while Echo Bay's sampling returned values of 0.88 g/t Au and 31.4 g/t Ag also over 30 metres.

Dr. Peter Christopher Ormex's independent geological consultant recently collected a 10 metre chip sample near the Noche Buena shaft which assayed 71.9 g/t Ag and 2.49 g/t Au. Additional samples collected by Dr. Christopher from the newly acquired Mina & Paco claims of the San Lucas property are as follows:

Historically, the San Lucas property had been explored by two small past producing mines, but has never been drilled. Oremex plans a 20-hole drill program commencing approximately January 15, 2005 and will test a large portion of the 2 kilometre long structure.

Randall Reneau, P. Geo. is the Qualified Person (QP) responsible for the San Lucas exploration and has verified the data in the table above.

In further news, our application for listing on the TSE has been withdrawn at this time.

For more information, please contact: James Yates, CFO, or Sandra Buschau, Manager, Corporate Communications, sandy@oremex.com T. 604.683.5651 F. 604.684.9365

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