Orex Minerals Inc.
TSX VENTURE : REX

Orex Minerals Inc.

October 19, 2012 18:15 ET

Orex Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2012) - Orex Minerals Inc. (TSX VENTURE:REX) ("Orex" or the "Corporation") would like to announce that Dr. Petri Peltonen has resigned from the board of directors and has been replaced by Jukka Jokela, who will serve as Northland Resources S.A.'s ("Northland") appointee to the Orex Board of Directors.

Mr. Jokela is the VP Exploration & Finnish Operations and has been with Northland for the last 4 years serving as the Managing Director of Northland Mines OY. Mr. Jokela has over 25 years of international experience in mineral exploration, geological research, and project and company management in different mining and exploration companies, including Outokumpu Mining Oy, Polar Mining Oy, Store Norske Gull As, and the Geological Survey of Finland. Mr. Jokela holds an M.Sc. in Geology and Mineralogy from the University of Turku, Finland.

Mr. Jokela replaces Dr. Petri Peltonen who resigned as a director of Orex today. Dr. Peltonen served as Northland Resources S.A.'s previous appointee to the Orex Board of Directors. We thank Dr. Peltonen for his contributions to Orex and wish him well in his future endeavours.

ABOUT OREX MINERALS INC.

Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has two current projects: its flagship property, the Barsele Gold Project located in Sweden, and the Coneto Silver-Gold Project situated in Durango, Mexico, currently under option to Fresnillo PLC.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law.

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

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