Oremex Silver Inc. Updates Status of Management Cease Trade Order

Oremex Silver Inc. (TSX VENTURE:OAG) ("Oremex" or the "Company") announced today
that further to its news release on April 1, 2014 (the "Default Announcement"),
the British Colombia Securities Commission issued a management cease trade order
on April 1, 2014 (the "MCTO") for failure to its annual financial statements,
CEO and CFO certifications and management discussion and analysis for the year
ended November 30, 2013 (the "Annual Filings") by the deadline of March 30,
2013. The MCTO prohibits all trading by certain insiders of Oremex in securities
of the Company until the order is revoked. The Company is required to provide
bi-weekly status updates in accordance with National Policy 12-203 - Cease Trade
Orders for Continuous Disclosure Defaults until the MCTO has been revoked of a
full cease trade order issued. 


The Company has now obtained all the documentation required regarding its
Mexican operations and expects to complete the accounting related to its
Canadian operations in two weeks. The auditors will then commence the audit
process. The Company continues to anticipate that the Annual Filings will be
completed on or before May 30, 2014.


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]