Orex Exploration Inc.

Orex Exploration Inc.

June 08, 2005 09:37 ET

Orex Identifies Extension of Boston-Richardson Gold Belt at Goldboro

ROUYN-NORANDA, QUEBEC--(CCNMatthews - June 8, 2005) - OREX EXPLORATION INC. ("OREX") (TSX VENTURE:OX) is pleased to report significant new information from the Company's recently completed 23 diamond drill holes (2,425 metres) Phase 1 campaign at the 100% owned Goldboro Property in Nova Scotia. The Company has already provided a series of updates on February 28, April 12, April 19 and May 9, 2005. Main highlights to date include:

- All 23 drill holes intersected abundant "gold belts", averaging 5
belts greater than one metre per hole, ranging from under 0.5 to
over 23 metres in core length, representing 20% of the total
available footage drilled. The "gold belts" consist of argillites
typical for the region, with minor interbedded greywackes. The
current drilling has been able to identify extend the Boston-
Richardson Belt (historical mining of 377,000 tones at 6.8 g/t Au)
for an additional 400 metres west of the historic underground

- Visible gold grains were seen in 18 of the 23 holes drilled in
either quartz veins within "gold belts" or quartz veins outside of
belts. Of significance is that visible gold also occurs in
silicified greywackes, distant from any quartz veining and having
no sulphide association. Visible gold has long been an established
attribute of the Meguma Gold District of Nova Scotia, especially at
Goldboro. It should be noted that visual gold is not always a
reliable indication of gold grades, and should not also be taken as
an indication of potential economic grades. Historical assays at
Goldboro in areas of visible gold have been highly variable with
assays ranging from trace to multiple ounces per ton gold.

- Some 66 quartz veins greater than one metre in core length were
intersected. Of the total 137 "gold belt" intervals intersected in
the 23 drill holes, more than 27% of the "belts" host quartz veins
greater than 1 metre. A number of the greywackes host large quartz
veins. Quartz veins greater than one metre in core length represent
nearly 6% of the total footage drilled. Almost all of the "belts"
have quartz veins and veinlets in the 1 to 50 centimetre range.

The Goldboro drill core from the Phase 1 drilling was logged at the Goldboro site by Bruce Mitchell, P. Geo.. After logging, the core was photographed and sealed with security bands in the original boxes in preparation for truck transport to Val D'Or, Quebec. Under well controlled conditions at the Val D'Or facilities under the supervision of Alex Horvath, P. Eng. and Martin Bourgoin, P.Geo., the core is being sampled for conventional sample preparation and fire assaying at ALS-Chemex in Val-d'Or, Quebec. Results from the initial fire assays will be reconciled with the detailed logging to define extents of the mineralized intersections in each drill hole. The 5 to 6 kilogram coarse crushed sample rejects from each of the initial samples will be composited into larger samples ranging in weight from 10 to 85 kilograms for total gold extraction metallurgical testing. This will insure more realistic gold grades for the Goldboro mineralization. An increase in the gold grade could potentially have a major impact on the gold resource.

The Boston-Richardson Belt area was previously drilled in detail in the 1980's and 1990's from surface and underground at 12.5 metre spacing over a distance of 125 meters. The current program includes drilling over a 150 meter strike length in this area. Several Phase 1 drill holes have "twinned" previous holes and will enable direct comparison with the historical diamond drill assay results.

A preliminary sectional / 3-D geological and genetic model of the Goldboro mineralization has been completed by Luc Theberge, P. Geo. (Innovexplo Inc.) and Alex Horvath, P. Eng.. The model will eventually serve for future resource delineation and modelling purposes.

The Press Release has been prepared and revised under the supervision of Jean Lafleur, P. Geo., the Company's principal consultant and a Qualified Person under the NI 43-101 guidelines.

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

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