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OX

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:OX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Orex Exploration Inc.: Corporate Update

30/03/2012 4:23pm

Marketwired Canada


OREX EXPLORATION INC. (TSX VENTURE:OX)(FRANKFURT:O5D) would like to inform
shareholders that the Company has engaged Mercator Geological Services of
Dartmouth, Nova Scotia, to review all of the technical information relating to
the Company's 100%-owned Goldboro Gold Property in Nova Scotia. Mercator is a
geological consulting firm that offers expertise in project design and
management, mineral resource estimation and evaluation, drilling program
management and design, GIS-based compilation and mapping, quality assurance and
quality control studies, and NI 43-101 technical reporting.


The mandate given to Mercator by Orex comprises several specific elements. The
immediate priority for Orex is to have a review of all technical information,
which will lead to a bulk sample being done at the Goldboro Gold Property. Once
Mercator has completed its review of the data and recommended to Orex which
areas would be most suitable for such a bulk sample, the Company will then
present this plan to the Nova Scotia Department of Natural Resources, and other
interested departments, with the objective of securing a bulk sample permit.


In addition, Orex has asked Mercator to update its 2009 NI 43-101- compliant
Mineral Resource Estimate to include the data from the 2010 and 2011 drilling
campaigns; this will likely include data that will be generated as a result of
the bulk sample. Furthermore, Orex would like to follow-up a new NI
43-101-compliant Mineral Resource Estimate with a Preliminary Economic
Assessment, which will examine the economic feasibility of a production scenario
at Goldboro.


About Orex Exploration Inc.

Orex Exploration Inc. is a Canadian-based junior resource and exploration
company trading under the symbol OX on the TSX Venture Exchange and O5D on the
Frankfurt Stock Exchange. The Company holds a 100% interest in the Goldboro Gold
Project in Nova Scotia.


Neither the 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 news release. The statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statements.


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