VANCOUVER, B.C. (April 11, 2006) -- Oremex Resources Inc. (TSX-V symbol -- ORM) (the "Company") announced that it will proceed with a private placement consisting of up to 5,333,333 units ("Units") at CDN$0.75 per Unit for gross proceeds of approximately CDN$4,000,000. The Company has also agreed to grant an over-allotment option for up to an additional 1,333,333 units at CDN$0.75 or CDN$1,000,000.

Each unit will consist of one common share and one-half of one share purchase warrant (a "Unit"). One whole warrant will entitle the holder to purchase one additional common share for a period of 18 months at a price of CDN$0.95 per warrant share, subject to an acceleration provision such that if, at any time following four months after the closing of the financing, the closing price per share on the TSX Venture Exchange is CDN$2.00 or higher for fifteen (15) consecutive business days, then the Company may give the investors notice that the warrants must be exercised or they will expire within 30 days of such notice.

The Company has retained Element & Associates Corporate & Project Finance Limited ("Element") to act as consultant for the Offering. Element will receive an 8% commission on the sale of these units.

If all of the Units are sold, including the over-allotment option, the net proceeds to be realized by the Company from the private placement will be approximately CDN$4,600,000. The proceeds will be used to fund further in-fill, expansion and diamond drilling related development work and a feasibility study on the Tejamen, Mexico property, further exploration work on the other mineral properties held by the Company in Mexico, and for general working capital.

The securities to be issued under the Offering shall be subject to a four month hold period, and the Offering is subject to the acceptance of the TSX Venture Exchange.

For more information, please contact:

Linda Thorstad, M.Sc., P.Geo.
Chief Executive Officer
T: (604) 683-5651
Email: linda.thorstad@oremex.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

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.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.