VANCOUVER, B.C., (June 15, 2006) - Oremex Resources Inc. (TSXV symbol -- ORM) (the "Company") announces the completion of the sale to First Majestic Resource Corp. ("Majestic") of its interest in the La Encarnacion Mining Claims (La Parilla) located in the State of Durango, Mexico. The terms of the agreement requires Majestic to pay Oremex CDN $40,000 and 200,000 common shares of Majestic.

Don Smith, the Company's Chief Financial Officer, reported that this is an excellent transaction for the Company and its shareholders. "We were able to monetize non core properties and to raise approximately CDN $900,000 for various exploration programs without any further dilution to the existing shareholders."

The Company had not conducted any work programs on the La Encarnacion Mining Claims as the management of Oremex has decided to focus on the development of the resources at its Tejamen Silver Property and San Lucas Polymetallic Property. In April 2006, an independent resource study (43 -- 101 compliant, available on www.sedar.com) concluded that the Tejamen property contains an equivalent silver resource of 50.8 million ounces in a total of 22,600,000 tonnes, grading a silver equivalent of 69.8 grams per tonne.

The Company is continually evaluating all of its mineral concessions. Those that do not meet the strict criteria for principal property status thereby warranting further exploration work will be available for sale. If favourable terms can be arranged they will be sold. In addition the Company is continuing to look for, and to acquire, new principal properties.

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.