Oremex Announces Additional Drill Results from San Lucas Drill Program

    VANCOUVER, Oct. 16 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") announces that it has received additional results from a recently
completed 7,000 metre, 47 hole drill program at its San Lucas Property ("San
Lucas"), Durango, Mexico. The program was designed to test extensions of
mineralization both down dip and along strike to silver-gold-lead-zinc
mineralization defined in a 2005 drill program. Of the assays received for the
balance of holes, the most significant silver results are contained in reverse
circulation drill holes SL-20, 49, 50 and 51 along the main mineralized zone
as follows:

                                   (grams        Ag
                Interval  From-to     per   (ounces                Zn     Pb
    Drill Hole   (metres) (metres)  tonne)  per ton)               (%)    (%)
    SL-20             14    30-44    26.1       0.8               0.4    0.3
                      16    64-80    45.7       1.3  greater than 1.0    0.5
    Incl.              6    64-70    60.9       1.8  greater than 0.7    0.8
    SL-49             16   92-108    81.7       2.4               0.3    0.1
    Incl.              2    94-96   615.6      18.0               0.3    0.1
    SL-50              4    14-18    43.3       1.3     less than 0.1    0.2
                       4    30-34   168.6       4.9               0.2    0.4
                       2    50-52    96.0       2.8               0.4    0.1
    SL-51              4   98-102    37.9       1.1               0.1    0.2

    Compilation of information from previously mined underground workings
along with low grade lead and zinc intercepts in reverse circulation drill
holes suggest that there is potential for a large, low grade zinc-lead body of
mineralization below higher grade silver intercepts intersected in near
surface drill holes and workings.
    Reverse circulation samples were collected following standard industry
practice and were analyzed by Inspectorate America Corporation using 30
element ICP with a fire assay technique with a gravimetric finish for gold and
silver. The majority of the San Lucas Property remains open for exploration.
Linda Thorstad, P. Geo. is the qualified person who reviewed the technical
data presented in this news release.

    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

For further information:

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

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