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Orex Closes Over-Subscribed Non-Brokered Private Placement


Vancouver, British Columbia - Orex Minerals Inc. ("Orex" or the "Company") - REX: TSX-V. Orex is pleased to report that it has closed its non-brokered private placement financing for gross proceeds of $1,600,000 (the "Private Placement") by the issuance of 16,000,000 units at $0.10 per unit (each a "Unit") announced by news releases dated September 29, 2008 and January 23, 2009. The Private Placement was over-subscribed by 1,000,000 Units. Each Unit consists of one common share (a "Share") and one non-transferable share purchase warrant (each a "Warrant"). Each Warrant is exercisable into an additional Common Share for a period of two years until February 24, 2011 at a price of $0.15 per Common Share.

In addition, the Company has issued 1,200,000 Units (the "Finder's Units") to certain finders, representing 7.5% of the total proceeds of the Private Placement as finder's fees. Each Finder's Unit consists of one Common Share and one Warrant. Each Finder's Warrant is exercisable into an additional Common Share for a period of two years until February 24, 2011 at a price of $0.15 per Common Share.

All securities issued under this Private Placement are subject to a four month hold period expiring on June 25, 2009.

Orex will use the net proceeds of these financings to advance exploration and development of its Santa Cruz mineral property in Mexico and for general working capital purposes.


Gary Cope, President and Chief Executive Officer
Orex Minerals Inc.

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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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.

"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."

For further information, contact Orex Minerals Inc. at (604) 684-4691 or
Via email at info@orexminerals.com or visit our website on line at www.orexminerals.com

You can view the Next News item: Wed Apr 8, 2009, Orex hits 6 kilograms Silver per tonne over 1.1 metres on Zambraneña Vein, Diamond Drilling to Commence

You can view the Previous News item: Fri Jan 23, 2009, Orex Announces Increase Of Non-Brokered Private Placement From $1,200,000 Up To $1,500,000

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Orex Minerals Inc.