Oremex Resources Inc. - Extension of Share Purchase Warrants



    VANCOUVER, Oct. 29 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") announced that it intends to extend for a period of three months
the exercise period of 4,666,667 outstanding share purchase warrants, which
are due to expire on November 18, 2007. The affected warrants were issued
pursuant to a private placement completed on May 18 2006. The $0.95 exercise
price of the warrants will remain unchanged. The warrant extension is subject
to the acceptance of the TSX Venture Exchange.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    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.





For further information:

For further information: Linda Thorstad, M.Sc., P.Geo., Chief Executive
Officer, T: (604) 683-5651, E: linda.thorstad@oremex.com

Organization Profile

OREMEX RESOURCES INC.

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