Oremex Silver Inc. Delayed in Filing Annual Financial Statements and Seeks Management Cease Trade Order

Oremex Silver Inc. (TSX VENTURE:OAG) ("Oremex" or the "Company") announced today
that its audited financial statements, CEO and CFO certifications, and
management discussion & analysis (the "Annual Filings") for the year ended
November 30, 2013 were not released as scheduled on March 30, 2014. It is now
anticipated that the release will occur no later than May 30, 2014.


The Company has been unable to meet the filing deadline as a result of the
recent proxy contest initiated by two concerned shareholders of the Company that
resulted in a replacement of the entire board of directors of the Company
effective on December 31, 2013. Since that date, the board of directors has been
working diligently to obtain and review all of the financial records of the
Company, in addition to the operations and state of affairs of the Company
generally. The board of directors has also spent considerable effort compiling
the financial records of the Company in preparation of the Annual Filings. It
was hoped that the Annual Filings would be completed and filed prior to the
deadline, but due to the time involved in transitioning management, auditors
were not able to complete the audit within the prescribed timeframe and the
Company was not in a position to meet the March 30, 2013 deadline for filing the
Annual Filings.


As a result of the delay, the Company has voluntarily requested that the
Securities Commissions in British Columbia and Alberta and issue a temporary
order that prohibits certain current directors, officers and insiders of Oremex
from trading in securities of Oremex for so long as the Annual Filings are not
filed. The issuance of such management cease trade order generally does not
affect the ability of persons who have not been directors, officers or insiders
of the issuer to trade in their securities. Oremex intends to provide updates in
accordance with National Policy 12-203 - Cease Trade Orders for Continuous
Disclosure Defaults with respect to further developments in respect of this
matter promptly following their occurrence, including the issuance of bi-weekly
status update reports until such time as Annual Filings are completed. 


About Oremex 

Oremex is a Canadian company focusing on the exploration and development of
silver projects along a 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. 


Forward-Looking Statements 

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. 


Neither TSX Venture Exchange nor its Regulation Services 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.
Allan Folk
Director
[e-mail]