Oremex Increases Gold Exploration Potential at San Lucas to 2+ km Mineralized Zone

TORONTO, ONTARIO -- (Marketwire) -- 08/09/10 -- Oremex Resources Inc. (TSX VENTURE: ORM) is pleased to announce continued positive results from surface sampling/mapping at the wholly owned San Lucas project in Durango, Mexico. Field work has been focused to define a drilling program to test the gold mineralization present in a silicified dacite dike (previously classified as a rhyolite dike), which outcrops extensively on the concessions. A total of 220 samples have been collected along the silicified dacite dike, which also has cross cutting mineralized dikes, significantly adding to tonnage potential.

The dike has three more intensely mineralized segments; the 330m long North zone reports silver grades to 1,856 g/t and gold grades to 1.06 g/t, the 800m long Central Zone reports gold grades to 1.68 g/t and the 180m long South Zone reports gold grades to 0.82 g/t. The mapped strike length of the silicified dacite dike has increased from 1.5km to 2.0 km. Basic geological analysis is underway to define the gold potential at depth, both in the dike and adjacent favourable stratigraphic/structural positions.

Oremex CEO Michael Smith commented: 'The discovery of the gold-mineralized silicified dacite dikes and dacite domes at San Lucas leads to exciting exploration potential over the identified 2+ km long mineralized zone. The sampled gold grades clearly indicate significant potential to discover deposits, like at San Agustin and the El Castillo mine, at both shallow and greater depths. Location of favorable stratigraphic and structural positions, associated with the gold-mineralized dacite bodies, could result in significantly higher gold grades than sampled at the surface.'

At San Lucas the mineralization manifests as a low sulfidation epithermal gold deposit, probably associated with nearby volcanic dacite dome complexes. Low sulfidation epithermal gold deposits can be quite large (multi-million ounce) and several are located within the region. In addition to veins like the silicified dacite dike at San Lucas, the potential exists for ore bodies in altered porous rocks to occur in low sulfidation gold deposits. These are present at the nearby El Castillo gold mine owned by Argonaut Gold (recently acquired from Castle Gold) 20 km to the northeast (1,180,000 ozs Au).

Geological conditions at San Lucas are similar to those at El Castillo. Ore-forming hydrothermal solutions associated with the San Lucas silicified dacite dike have the potential to have formed significant gold deposits at depth in porous host rocks. Carbonate rocks outcropping close to the San Lucas silicified dacite dike also lead to the possibility of additional replacement deposits. Ongoing geological mapping/sampling at San Lucas is designed to identify locations at depth where favourable conditions exist for large deposits in porous receptive lithologies, similar to the El Castillo gold mine, and for carbonate replacement deposits.

San Lucas is also located near Silver Standard's San Agustin deposit, which has a published resource of 2.65 million ounces of gold and 84.9 million ounces of silver. San Agustin is 7 km north-northeast of San Lucas. San Agustin is also a low sulfidation epithermal deposit, in a dacite dome, and the gold/silver mineralization is hosted in quartz-sericite-pyrite (QSP) altered central zone. QSP alteration is abundant in the area of the San Lucas silicified dacite dike and is considered to be an important indicator of significant gold exploration potential. A QSP altered dacite dome has been located at the north end of the silicified dacite dike at San Lucas (see Figure 1). Its dimension is approximately 800m by 400m and adds considerably to the exploration potential of the project.

The results completed in 2009 reported herein were carried out by SGS Labs in Durango City, Durango, Mexico an internationally-recognized analytical service provider. The work reported was completed under the supervision of Michael R. Smith, President, CEO and Director of Oremex Resources Inc., a Registered Geologist and a Qualified Person as defined in National Instrument 43-101.

About Oremex:

Oremex 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 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.

Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/ORM%20-%20Figure1.pdf.

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

Contacts:

Oremex Resources Inc.

Michael Smith

CEO

416-309-4320
info@oremex.com