Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V) (“Orex” ) announces that it has granted incentive stock options to investor relations consultant Sigorex Management GmbH to purchase 75,000 shares in the capital of Orex for a period of two years at $0.74 per share, being the closing price of the Orex shares today. The options will vest at 25% per quarter over a period of twelve months and will be fully vested by February 17, 2013.

Orex has also granted incentive stock options to directors and officers to purchase 1,425,000 shares in the capital of Orex for a period of five years at $0.74 per share. The options will vest immediately.

Orex Minerals Inc.

Gary Cope
President

For further information, contact Orex Minerals Inc. at (604) 687-6310 or via our website online at www.orexminerals.com

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 release.

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, use of proceeds, 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.