Oremex Gold Appoints David A. Terry, Ph.D., P.Geo, as CEO and President

Oremex Gold Inc. ("Oremex Gold" or the "Company") (TSX
VENTURE:OAU)(FRANKFURT:OM8) is pleased to announce that David A. Terry, Ph.D.,
P.Geo., has been appointed as CEO and President of the Company.


John Carlesso, Executive Chairman of the Board, commented: "We feel very
fortunate that Dr. Terry will be leading Oremex Gold through what promises to be
a very active and exciting period. David has a tremendous amount of knowledge
and experience throughout Latin America and Mexico in particular. He has been
instrumental in the development of Oremex Gold due to his direct involvement as
a Director on the Board of Oremex Silver. Being based in Vancouver will also
allow for very effective collaboration with our Joint Venture partner, Oro
Mining, on the vast highly-prospective Guasima/Concordia concessions. The entire
Board welcomes Dr. Terry and looks forward to supporting him as Oremex Gold
develops its discrete growth platform and team."


Dr. Terry joined Oremex Gold with over twenty years of international experience
in the natural resource sector with major and junior resource companies. David's
focus has primarily been on exploration and development of precious and base
metal deposits in North and South America. Dr. Terry specializes in public
company and international projects management, advanced project evaluation,
acquisitions, as well as design and implementation of exploration programs. Dr.
Terry formerly held positions with a number of mining companies including
Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco
Limited and Gold Fields Mining Corporation as well as spent several years with
the British Columbia Ministry of Energy and Mines. Dr. Terry has a Ph.D. from
the University of Western Ontario and is a member of the Professional Engineers
and Geoscientists of British Columbia. He has also been a senior executive and a
Director of a number of publicly-listed and private resource-focused companies.
Most recently, he was a Senior VP Exploration of Golden Arrow Resources
Corporation.


The Board of Directors would like to thank Michael R. Smith, R.G., for his
contributions during the successful creation of Oremex Gold. Mr. Smith will
continue to play a key role as a Director of Oremex Gold Inc. 


About Oremex Gold Inc. 

Oremex Gold Inc. (TSX VENTURE:OAU)(FRANKFURT:OM8) is a Canadian gold exploration
and development company created from the spin-out of gold assets owned by Oremex
Silver Inc. (previously Oremex Resources Inc.) in 2011. The Company has a
portfolio of gold projects in the prolific mining regions of Mexico with its two
main projects of focus being Santa Catarina in the prolific Sierra Rosario gold
belt, and San Lucas in the State of Durango.


Forward Looking Information

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' public filings, anticipated
events or results and can be identified by terminology such as "may", "will",
"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 capital and operating
expenditures, economic conditions, availability of sufficient financing, receipt
of approvals, 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 Gold, and include the ultimate availability and
final receipt of required approvals, 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 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 Gold
filings at www.sedar.com and other unforeseen events or circumstances. Other
than as required by law, Oremex Gold does not intend, and undertakes no
obligation, to update any forward looking information to reflect, among other
things, new information or future events.