Vancouver, B.C. — Orex Minerals Inc. — (REX: TSX-V) (“Orex” ) announces that it has granted 200,000 incentive stock options to consultants and a director to purchase 200,000 shares in the capital of Orex at an exercise price of $0.25 per share and with a five year term. The options will vest immediately.
Orex accepts the resignation today of director Joseph Drescher. Orex thanks Mr. Drescher for his many years of service to the Company and wishes him the best of luck in the future. Orex is also pleased to announce the appointment of William Henry White as a new independent director. Harry White holds a BASc in Metallurgical Engineering from UBC and an MBA from Harvard Business School.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. (TSX-V: REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: the Barsele Gold Project in Sweden, the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico and the Jumping Josephine Gold-Silver Project in British Columbia, plus the Coneto Gold-Silver Project in Durango, Mexico, which is currently under option to Fresnillo PLC.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope,
President
For further information, please contact Orex Minerals Inc. at (604) 687-8566 x227, email [email protected] or visit our website at www.orexminerals.com
FORWARD-LOOKING INFORATION
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 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.
