Orex and Fresnillo Add Second Drilling Rig To Coneto Silver-Gold Project in Durango, Mexico

Tue Oct 9, 2012 9:30am EDT

* Reuters is not responsible for the content in this press release.

  VANCOUVER, BRITISH COLUMBIA, Oct 09 (MARKET WIRE) --
Orex Minerals Inc. (TSX VENTURE:REX) ("Orex"), in conjunction with their
project partner Fresnillo plc (LSE:FRES) ("Fresnillo"), have added a
second diamond drilling rig to the ongoing Phase-II 12,000 metre diamond
drilling program on their Coneto Silver-Gold Project in Durango, Mexico.
Kluane Drilling Ltd. is the service provider for Phase-II drilling at
Coneto.

    According to Orex's President, Gary Cope, "This expansion of the drilling
capacity illustrates the importance both companies place on the progress
of our exploration at Coneto. We look forward to results from this
current phase of diamond drilling to be released this fall."

    Coneto Mining District - Durango, Mexico

    The historic Coneto Mining District is situated in the heart of the
"Mexican Silver Trend", stretching from Guanajuato in the southeast,
through to the states of Zacatecas and Durango. The trend hosts some of
the world's largest silver deposits, including Fresnillo, Guanajuato, La
Pitarrilla, La Preciosa, Real de Angeles, and Zacatecas mining camps.

    Orex and Fresnillo hold extensive contiguous mineral concessions in the
Coneto Mining District, which collectively total approx. 17,600 hectares
and cover more than 40 known mineralized epithermal quartz veins. The
project is located in the Mesa Central, on the eastern flank of the
Sierra Madre Occidental Mountains. 

    Ben Whiting, P.Geo, is a Qualified Person as defined in NI 43-101 and
takes responsibility for the technical disclosure contained within this
news release.

    ABOUT OREX MINERALS INC.

    Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior
exploration company comprised of highly qualified mining professionals.
The Company has two current projects: its flagship property, the Barsele
Gold Project located in Sweden, and the Coneto Silver-Gold Project
situated in Durango, Mexico, currently under option to Fresnillo plc.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Gary Cope, President

    FORWARD-LOOKING INFORMATION 

    This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements and Orex undertakes no
obligation to update such statements, except as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Orex Minerals Inc.
Jada Jennings
Sr. Communications/Investor Relations
(604) 684-4691 ext. 227
(604) 687-6365 (FAX)
info@orexminerals.com
www.orexminerals.com

Copyright 2012, Market Wire, All rights reserved.

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