Vancouver, B.C. - November 23, 2005: Oremex Resources Inc. (the "Company") announced the appointment of Andrew Milligan as Chairman of the board, in place of Anthony Harvey, who will remain as a Director of the Company. Mr. Milligan has held a number of senior positions with public mining companies including President and CEO of Glamis Gold Ltd. and subsequently Cornucopia Resources Ltd. Cornucopia Resources was merged into Quest Investment and Mr. Milligan remained a Director of Quest until June, 2004. Mr. Milligan is currently a Director of several other public mining companies. The board would like to thank Mr. Harvey for his many contributions to the Company during his term as Chairman.

The Company announced that the option agreement between Minera Montana and Bertha Gamiz de Jarvis to acquire certain mineral claims which comprise the majority of the Tejamen and certain other mineral properties in Mexico (the "Jarvis Agreement") has been amended to extend the final payment of US $1,115,000 that was due on July 20, 2006. Under the terms of the amendment, the final payment has effectively been extended for one year under the following revised payment schedule: US $250,000 (Jan. 20, 2006), US $300,000 (July 20, 2006), US $350,000 (Jan. 20, 2007) and US $415,000 (July 20, 2007). Under a previous agreement dated February 28, 2003, the Company has assumed the obligations of Minera Montana under the Jarvis Agreement. Don Smith CA, the CFO of the Company, stated that "the amendment is a significant event for the Company as it allows the Company to focus its attention and financial resources in the near term toward further exploration and evaluation of Tejamen, the Company's flagship resource property".

The Company announced the grant of 50,000 stock options to a consultant retained to serve as the field program manager in Mexico. The options are exercisable at $0.52 per share for five years. The Company also announced that 765,000 existing stock options held by certain directors, officers and employees that were previously granted at prices ranging from $0.80 to $1.02 per share, have been re-priced at $0.52 per share. The decision to re-price the affected options to more closely reflect the current market price of the shares of the Company was made after significant reductions in management compensation agreements were implemented by the board of directors. Re-pricing of the options is subject to the acceptance of the TSX Venture Exchange and disinterested shareholder approval at the next general meeting of the shareholders of the Company. None of the re-priced options may be exercised until these conditions have been satisfied. In addition, the re-priced options are subject to a four month hold period from November 16, 2005.

On February 1, 2005, an NI 43-101 compliant resource calculation report for the Tejamen property was prepared by N. Tribe and Associates Ltd. (the "Tribe Report"), which is available on SEDAR. The Company is in the process of having the Tribe Report updated to incorporate the results from an additional 51 holes from the 2005 drilling program and anticipates completing this report by December, 2005. To date, over 215 holes have been drilled in two zones, the Cerro Prieto and the Los Mantos zones. In addition, metallurgical work is ongoing and these results will be made available in early January, 2006. The metallurgical results and the updated Tribe Report will be incorporated into a subsequent Preliminary Economic Assessment (Scoping Study) which should be completed by the end of March, 2006.

For further information, please contact:

James Yates,
Telephone: (604) 683 - 5651
Fax: (604) 684 - 9365
Or, send questions and comments to: info@oremex.com

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