Oremex Resources Inc.

Oremex Resources Inc.

May 27, 2011 16:48 ET

Oremex Resources Announces Postponement of Shareholders Meeting

TORONTO, CANADA--(Marketwire - May 27, 2011) - Oremex Resources Inc. (TSX VENTURE:ORM) announces that it has postponed its annual and special meeting of shareholders (the "Meeting") that was scheduled to be held on Tuesday, May 31, 2011. The rescheduled Meeting will be held on Tuesday, June 14, 2011 at 10:00 a.m. (EDT) at the offices of Wildeboer Dellelce LLP located at Suite 800, 365 Bay Street, Toronto, Ontario. The record date for determining those shareholders entitled to receive notice of and vote at the Meeting remains April 26, 2011.

Proxies for the rescheduled Meeting must be received no later than 10:00 a.m. (EDT) on Friday, June 10, 2011. Any proxy previously deposited with respect to the original Meeting date will be valid at the rescheduled Meeting, unless revoked by the shareholder.

Shareholders are encouraged to read the management proxy circular, dated April 11, 2011, previously delivered to shareholders. A copy of the circular is available under the corporate profile of Oremex on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About Oremex:

Oremex Resources Inc. ("Oremex" or "the Company") is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company's Tejamen project has an inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes grading a silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report NI 43-101 compliant April 2006). Snowden Mining Industry Consultants completed a Preliminary Assessment Study (NI 43-101 compliant October 2006) demonstrating that the project can support a 10,000 tonne per day open pit, heap leach mining operation.

National Instrument 43-101 ("NI 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.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Oremex Resources Inc.
    John Carlesso, Executive Chairman