VANCOUVER, B.C. (June 6, 2006) -- Oremex Resources Inc. (TSXV symbol -- ORM) (the "Company"), Minera Montana S. de R.L. de C.V. (Minera Montana), Canasil Resources Inc. (Canasil, TSXV: CLZ) and its wholly owned subsidiary Minera Canasil S.A. de C.V. (Minera Canasil), have signed a letter of agreement granting Canasil the right to acquire 100% interest in the Mezquital silver-zinc-lead claims, in which Oremex and Minera Montana have an option to earn a 100% interest.

The purchase agreement requires Canasil to issue 650,000 common shares and 75,000 share purchase warrants to Oremex, upon approval of the agreement by the TSX Venture Exchange and transfer of the claim titles, as full payment for 100% interest in the Mezquital claims. Each warrant will entitle Oremex to acquire one common share of Canasil at a price of $0.50 within 12 months of the approval of the final agreement by the TSX Venture Exchange.

"In order to maximize shareholder value, we will continue to focus on our highest priority projects that yield the greatest returns and seek out opportunities to capitalize on our non-core holdings," said Don Smith, the Company's Chief Financial Officer. "This allows us to fund further exploration and purchase additional properties without any dilution."

Oremex had not conducted work programs on the Mezquital Claims as a decision was made to concentrate on the development of the resources at its Tejamen and San Lucas properties. In April 2006, an independent resource study (NI 43 -- 101 compliant) concluded that the Tejamen property contains a silver-equivalent resource of 50.8 million ounces in a total of 22,600,000 tonnes, grading a silver-equivalent of 69.8 grams per tonne.1

1 Note that of this total, 66.9 g/t consists of silver (96% of the total), and the silver-equivalent is equal to silver (g/t) plus 64.5 x gold (g/t).

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

About Oremex Resources Inc.

Oremex Resources Inc. (www.oremex.com) is a Vancouver based resource company that is actively developing two of its six silver properties in Mexico. Oremex management are experienced in exploration and mining, with expertise in the development and operation of mines.

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.