Oremex Silver Confirms Annual General Meeting to Proceed as Planned

TORONTO, ONTARIO--(Marketwired - Dec. 20, 2013) -

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Oremex Silver Inc. ("Oremex" or the "Company") (TSX VENTURE:OAG)(PINKSHEETS:ORAGF)(FRANKFURT:OSI) today announced that a decision has been reached by the Ontario Superior Court of Justice (the "Court") in regards to the application (the "Application") by Concept Capital Management ("CCM") previously announced by the Company in a press release dated December 2, 2013. Pursuant to the Application, CCM was seeking a declaration affirming the results of a meeting held by CCM on November 26, 2013 (the "CCM Meeting") or, in the alternative, that the annual shareholders meeting of the Company scheduled for December 31, 2013 (the "Meeting") be conducted in a prescribed manner.

The Court found that the CCM Meeting was not a valid meeting of shareholders of the Company, and thus the Meeting shall proceed on December 31, 2013 as planned. Additionally, the Court ordered that the record date for the Meeting, set by the Company at November 29, 2013, be amended to be set at November 27, 2013.

All shareholders of the Company as at November 27, 2013 are invited to attend and to vote at the Meeting, to be held at 10:00 a.m. on Tuesday, December 31, 2013 at Wildeboer Dellelce Place, 365 Bay Street, Suite 800, Toronto, Ontario.

About Oremex Silver Inc.

Oremex is a Canadian company focusing on the exploration and development of silver projects along the highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 50.8 million ounces of silver at its Tejamen deposit. The Company's projects are located in mining-friendly jurisdictions and the management team has a successful track record of mine-building in Mexico.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Oremex's public filings, anticipated events or results and can be identified by terminology such as "may", "will", "would", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to entering into definitive and binding agreements with respect to financings, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, the receipt of exemptive relief from securities requirements, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other public filings of Oremex, and include the ultimate availability and final receipt of required approvals and/or exemptive relief, the decision of third parties to consummate definitive agreements with Oremex, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability to execute its business plan on economically favourable terms. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Oremex filings on www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Oremex does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

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