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OX

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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.: Update on NI 43-101-Compliant Technical Report

30/08/2012 4:26pm

Marketwired Canada


OREX EXPLORATION INC. (TSX VENTURE:OX)(FRANKFURT:O5D) would like to provide
shareholders with an update on the National Instrument 43-101 Mineral Resource
Estimate that is currently being done by Mercator Geological Services of
Dartmouth, Nova Scotia.


Mercator has completed a validation of all of the recent drilling from 2010 and
2011, as well as all previous drilling, and is developing a new geological model
of the Company's wholly-owned Goldboro Gold Property in Nova Scotia. Orex will
provide shareholders with additional information on the NI 43-101 Technical
Report as it becomes available.


This new geological model, which will contain all available technical
information on the Goldboro Gold Property, will enable Orex and its technical
advisors to better plan target areas for a bulk sample on this property. As
indicated previously, subsequent to the completion of the updated NI 43-101
Technical Report, the Company also intends to conduct 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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