Orex Exploration Inc.

Orex Exploration Inc.

November 15, 2005 10:47 ET

Orex Exploration Inc.: Announcement

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Nov. 15, 2005) - On October 28, 2005, Orex Exploration Inc. (the "Company")(TSX VENTURE:OX) has filed with the regulatory authorities a Notice of Default advising that the Company is unable to file on time its annual financial statements for the period ended June 30, 2005.

The Company expects to file its annual financial statements and interim statements for the 3 month period ended September 30, 2005 by November 30, 2005.

The date that is two months after the filing deadline of the Company's annual financial statements for the period ended June 30, 2005, is December 28, 2005. The securities commissions or regulators may impose an issuer trade order (CTO) if the financial statements are not filed by that time. An issuer CTO may be imposed sooner if the Company fails to file its Defaults Status Reports on time.

There are no insolvency proceeding the Company is subject to and no other material information concerning the affairs of the Company that has not been generally disclosed. Furthermore, there is no material change in the information contained in the Notice of Default dated October 28, 2005.

The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Orex Exploration Inc.
    Jacques Levesque
    (819) 797-4354
    (819 )797- 2454. (FAX)