Oremex Silver Announces Q3 Financial Results and Appoints Chief Financial Officer

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UNITED STATES


Oremex Silver Inc. ("Oremex" or the "Company") (TSX
VENTURE:OAG)(OTCQX:ORAGF)(FRANKFURT:OSI) announces Q3 and nine month financial
results for fiscal 2013. For the third quarter the Company recorded a loss of
$301,294 or $0.00 per share compared to a loss of $463,106 or $0.00 per share in
Q3 2012. For the nine month period the Company recorded a loss of $809,558 or
$0.01 per share compared to a loss of $1.76 million or $0.01 per share for the
nine month period in 2012.


The Company also announces that Bruce Reilly has been appointed Chief Financial
Officer of the Company. For the past twenty years Mr. Reilly has successfully
developed and managed a chartered accounting firm, during which time he has
acquired a broad range of experience with a primary focus in public company and
not-for-profit sectors. In addition to this experience, Mr. Reilly has served as
Vice President of Banco Central of Canada, which is a subsidiary of Banco
Central S.A. Madrid, one of the top fifty banks in the world at the time of Mr.
Reilly's involvement. Mr. Reilly holds a Bachelor of Commerce degree from the
University of Toronto and holds the Chartered Accountant designation.


Executive Chairman John Carlesso stated: "The Board of Directors welcomes Bruce,
and we are certain that his experience will be valuable in assisting the Company
to continue implementing its strategic plan while demonstrating the financial
value of its portfolio of silver assets."


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 a
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 to, 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 the
Company considers these assumptions to be reasonable based on information
currently available to it, 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 on
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.


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


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