Vancouver, B.C.; January 18, 2005: Oremex Resources Inc. reports assay results from another seven holes (in the El Manto zone) which are provided in the following table. High-grade silver continues to be discovered as reflected in drill hole #58 which intersected 151 gr./tonne (g/tonne) (4.9 oz. silver) over 62 metres (202 feet), including 1227 g/tonne (39.5 oz. silver) over 4 metres (13 feet).

Management reports that exploration activities completed in 2004 resulted in 166 reverse circulation holes being drilled (approximately 27,333 metres), which outlined the presence of a potentially large silver resource contained within the Cerro Prieto and El Manto Zones at the Tejamen Silver Property, Durango, Mexico.

The past year's exploration work was focused on delineating the extent of mineralization within these two zones with sufficient information to permit a resource study to be undertaken. The Tejamen exploration program for 2005 will include the North and North-East extensions of the Cerro Prieto zone and the Southwest extension of the El Manto zone. The Cerro Prieto zone and the El Manto zone are still open for additional drilling and other areas of potential interest are currently being evaluated.

RESOURCE STUDY - With more than 27,000 metres of drilling completed at the Tejamen project by Oremex, plus 40 holes drilled by previous owners, the Company has commissioned a mineral Resource Study for the El Manto and Cerro Prieto zones at Tejamen. This study will be conducted by Mr. Norm Tribe of N.B. Tribe & Associates. Mr. Tribe has completed his site visit to the property and the Company expects to receive his Study by the beginning of March 2005.

SAN LUCAS - Oremex further announces that a first phase 20 hole reverse circulation drilling program has commenced on its San Lucas property located 80 km north of the city of Durango. The San Lucas property, one of Oremex's six 100% owned Mexican Properties, 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, and share similar surface characteristics to those seen at Tejamen. For further detailed information on the San Lucas property, we refer you to our previous news release dated December 13, 2004, which can be viewed on our website, www.oremex.com

CHIEF GEOLOGIST APPOINTED - The Company has entered into a consulting agreement, effective today, with Mr. Gordon Richards, P.Eng., to provide geological consulting services at a rate of $500 per day, subject to regulatory approval. Mr. Richards will act as Chief Geologist for Oremex Resources. Mr. Richards holds a B.A.Sc. and an M.A.Sc. from the University of British Columbia; and has worked extensively for many major mining companies (including Placer Dome, Newmont, Cominco, Chevron Minerals, U.S. Borax, Westmin and Newmont) on various exploration projects. Oremex will grant Mr. Richards 150,000 options at an exercise price of $1.02, for a term of five years, vesting 25% upon grant and 25% every six months thereafter over an 18 month period, subject to regulatory approval. Randall Reneau, who has reduced his activities for health reasons, will remain as a consultant to the Company.

Randall Reneau, P. Geo, Oremex's Chief Geologist, is the Qualified Person (QP) responsible for the Tejamen exploration and has verified the data in the table above.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporation's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

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

January 18th, 2005

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