Vancouver, British Columbia - Orex Minerals Inc. ("Orex" or the "Company") - REX: TSX-V. Orex announces that due to strategic reasons and the current state of the financial markets, the Company has determined not to proceed with its brokered private placement announced by news release dated June 2, 2008.
The Company will provide an update on its exploration and development activities shortly.
About Orex Minerals Inc.
Orex Minerals Inc. is a junior mineral exploration company comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and gold-silver properties in Mexico and northern Peru.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President and Chief Executive Officer Orex Minerals Inc.
For further information, contact Orex Minerals Inc. at (604) 684-4691 or Via email at or visit our website on line at www.orexminerals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release. 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. Orex relies upon litigation protection for forward-looking statements.
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