/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES/
TORONTO, Dec. 31, 2012 /CNW/ - Oremex Silver Inc. (TSXV: OAG) (OTCQX: ORAGF) (FRANKFURT: OSI) (the "Company" or "Oremex") is pleased to announce the appointment of Mr. Michael Ivan, CA to the
position of Chief Financial Officer.
Mr. Ivan is a Chartered Accountant with extensive experience managing
the financial operations for both private and public companies. Mr.
Ivan began his career with Collins Barrow, where he was a key member of
the firm's public company group, with a particular focus on junior
resource companies. Throughout his career he has specialized in
auditing, internal controls, and financial reporting. He most recently
served as Corporate Controller for Oremex Silver and the Company
expects the transition to be seamless given Mr. Ivan's knowledge and
Mr. Ivan replaces Mr. Paul Haber who has served as CFO for the past
several years. The Company also announces the resignation of David
Terry from the board of directors of the Company to focus on other
business ventures and commitments. The Company would like to thank Mr.
Haber and Mr. Terry for their contributions and wish them both the best
in their future endeavors.
About Oremex Silver Inc.
Oremex Silver Inc. is a Canadian company focusing on the exploration and
development of silver projects along the highly productive mineralized
belt in Mexico. The Company has a portfolio of silver projects
including a mineral resource of 50.8 million ounces of silver at its
Tejamen deposit. The Company's projects are located in mining-friendly
jurisdictions and the management team has successful track record of
mine-building in Mexico.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release may constitute
forward-looking information, (collectively "forward-looking
information") within the meaning of Canadian securities laws.
Forward-looking information may relate to this news release and other
matters identified in Oremex Silvers' public filings, anticipated
events or results and can be identified by terminology such as "may",
"will", "could", "should", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "projects", "predict", "potential", "continue" or
other similar expressions concerning matters that are not historical
facts and include, but are not limited in any manner to, those with
respect to capital and operating expenditures, economic conditions,
availability of sufficient financing, receipt of approvals,
satisfaction of closing conditions and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors
and assumptions, including, but not limited in any manner, those
disclosed in any other public filings of Oremex Silver, and include the
ultimate availability and final receipt of required approvals,
sufficient working capital for development and operations, access to
adequate services and supplies, availability of markets for products,
commodity prices, foreign currency exchange rates, interest rates,
access to capital markets and other sources of financing and associated
cost of funds, availability of a qualified work force, availability of
manufacturing equipment, no material changes to the tax and regulatory
regime and the ultimate ability to execute its business plan on
economically favourable terms. While we consider these assumptions to
be reasonable based on information currently available to us, they may
prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Oremex Silver
filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by
law, Oremex Silver does not intend, and undertakes no obligation, to
update any forward looking information to reflect, among other things,
new information or future events.
Neither the TSX Venture nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Oremex Silver Inc.
For further information:
Oremex Silver Inc.
P: +1 416.309.4321