Oremex Gold Obtains Final Approval on Cerro del Oro Gold Project Acquisition

Oremex Gold Inc. ("Oremex Gold" or the "Company") (TSX
VENTURE:OAU)(FRANKFURT:OM8) is pleased to announce that it received final
approval from the TSX Venture Exchange regarding the Cerro del Oro Gold Project
acquisition announced February 23, 2012.


About Oremex Gold Inc. 

Oremex Gold Inc. 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 properties in
prolific mining regions of Mexico. Its two main projects are Santa Catarina,
located in prolific Sierra Rosario gold belt and San Lucas, in Durango state. 


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 Gold's 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.