Oremex Silver Announces Financial Q2 Results

Oremex Silver Inc. ("Oremex" or the "Company") (TSX
VENTURE:OAG)(OTCQX:ORAGF)(FRANKFURT:OSI) announces Q2 and six month financial
results for fiscal 2013. For the second quarter the Company recorded a loss of
($202,301) or ($0.00) cents per share compared to a loss of ($612,803) or
($0.00) per share in Q2 2012. For the six month period the Company recorded a
loss of ($496,598) or ($0.00) per share compared to a loss of ($1,257,376) or
($0.01) per share for the six month period in 2012. 


The Company also announces that health-related issues have led to the inability
of the previous Chief Financial Officer to continue fulfill his role. In the
interim Executive Chairman John Carlesso has assumed the role of Chief Financial
Officer while the Company seeks a permanent replacement.


About Oremex Silver Inc. 

Oremex 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's public filings, anticipated
events or results and can be identified by terminology such as "may", "will",
"would", "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 entering into definitive
and binding agreements with respect to financings, capital and operating
expenditures, economic conditions, availability of sufficient financing, receipt
of approvals, the receipt of exemptive relief from securities requirements,
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,
and include the ultimate availability and final receipt of required approvals
and/or exemptive relief, the decision of third parties to consummate definitive
agreements with Oremex, 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 filings at
www.sedar.com and other unforeseen events or circumstances. Other than as
required by law, Oremex does not intend, and undertakes no obligation, to update
any forward looking information to reflect, among other things, new information
or future events. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Oremex Silver Inc.
Christian Scovenna
+1 416.453.4708
[e-mail]
www.oremexsilver.com