VANCOUVER, B.C. (April 17, 2006) - Oremex Resources Inc. (TSXV symbol - ORM) (the "Company") announced that it will proceed with an additional private placement consisting of up to 1,250,000 units ("Units") at CDN$0.80 per Unit for gross proceeds of up to CDN$1,000,000.

Each unit consists 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$1.00 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 agreed to pay an 8% finders fee in connection with the private placement. If all of the Units are sold the net proceeds to be realized by the Company from the private placement will be approximately CDN$920,000. The private placement proceeds will be used to fund drilling and related exploration work on the San Lucas property, exploration programs on the Company's other mineral properties and for property acquisitions in Mexico.

This private placement is in addition to the CDN $4,000,000 private placement financing that the Company announced on April 11, 2006.

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.