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25-Jan-16

Orex Hits 61 Metres Grading 359 g/t Silver from Surface at the Sandra Escobar Project in Durango, Mexico

Vancouver, BC - Orex Minerals Inc. - (TSX-V: REX) ("Orex"), is pleased to announce that assay results for the first hole of the 2015-2016 diamond drilling program on the Sandra Escobar Project have been received. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. - (TSX.V: CLZ) ("Canasil").

Hole SA-15-001 has yielded a 61 metres core length (43.1 metres true thickness) intercept grading 359 g/t silver, starting from surface. Within this is a sub-interval of 18 metres (12.7 metres true thickness) grading 748 g/t silver.

Orex's President, Gary Cope says, "This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres."

Sandra Escobar Project SA-15-001 Drill Hole Intercepts -- 2015-2016 Program
Hole From (m) To (m) Core Length (m) True Thick. (m) Ag (g/t)
SA-15-001 1.00 62.00 61.00 43.13 359
  Includes 6.00 24.00 18.00 12.73 748
  Includes 14.00 23.00 9.00 6.36 1,204
  Includes 20.00 23.00 3.00 2.12 2,271


Silver mineralization is hosted on the north side of a rhyolite volcanic dome. An altered and highly permeable volcaniclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have focused mineralizing fluids into the host permeable volcaniclastic unit.

Orex maintains a QA/QC sampling protocol for the diamond drilling program, including the insertion of commercial analytical standards and blank samples. Of the 61 samples included in the above intercept, 60 of the samples exceeded 100 g/t silver, thus demonstrating a strong continuity of mineralization. The detailed table of assays is included on page 3. As part of an early stage exploration program, the above results do not contain any top end truncation (capping). The diamond drilling was contracted by Kluane Drilling Ltd. and analytical testing was performed by SGS Mineral Services. Silver values were determined by fire assay with an atomic absorption finish. Multi-element analyses were also determined using a 4-acid digestion and ICP-MS (Inductively Coupled Plasma Mass Spectrometry).

Sandra Escobar Silver-Gold Project, Durango, Mexico

Sandra Escobar is situated north of the town of Tepehuanes, Durango, in the heart of the "Mexican Silver Trend", midway between the mining districts of Tovar and Guanacevi and is 75 km west of Silver Standard's La Pitarrilla. This prolific trend hosts some of the world's largest silver camps and deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles and Zacatecas.

The project consists of 6,976 hectares of mineral concessions and covers multiple mineralized epithermal quartz veins and breccia structures. These veins form a high level silver-gold-base metals system, hosted in andesitic and rhyolitic rocks, centered on a large rhyolite dome complex in the north and silver systems in smaller rhyolite dome complexes to the southeast. Intense alteration zones and fluid flooding in permeable formations may also indicate the presence of bulk tonnage targets. Excellent infrastructure exists in the Sandra Escobar area, including paved road access, electrical power, water and manpower from nearby communities.

Dale Brittliffe, P.Geo., and Ben Whiting, P.Geo., are Qualified Persons, as defined in NI 43-101, and take responsibility for the technical disclosure contained within this news release.

ABOUT OREX MINERALS INC.

Orex is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Orex has several current projects: the Coneto Gold-Silver Project in Durango, Mexico, a joint venture with Fresnillo PLC, the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Jumping Josephine Gold-Silver Project in British Columbia, Canada, plus this newest Sandra Escobar Silver Project in Durango, Mexico, with Canasil Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, please contact Orex Minerals Inc. at (604) 687-8566 x227, email info@orexminerals.com or visit our website at www.orexminerals.com

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.


Sandra-Escobar Project - Hole SA-15-001 - Silver Grades
Sample No. From To Silver g/t   Sample No. From To Silver g/t
Casing 0 1 n/a   545138 35 36 300.48
545101 1 2 164.62 545139 36 37 329.27
545102 2 3 122.07 545141 37 38 240.10
545103 3 4 117.58 545142 38 39 254.03
545104 4 5 127.80 545143 39 40 315.37
545105 5 6 165.08 545144 40 41 255.43
545106 6 7 209.80 545145 41 42 197.04
545107 7 8 363.54 545146 42 43 170.71
545108 8 9 437.79 545147 43 44 158.04
545109 9 10 430.78 545148 44 45 141.85
545111 10 11 310.19 545149 45 46 150.94
545112 11 12 231.48 545199 46 47 155.04
545113 12 13 197.49 545151 47 48 129.17
545114 13 14 173.38 545152 48 49 175.16
545115 14 15 951.09 545153 49 50 196.52
545116 15 16 645.68 545154 50 51 274.73
545117 16 17 825.40 545155 51 52 239.50
545118 17 18 456.36 545156 52 53 253.38
545119 18 19 618.79 545157 53 54 265.06
545121 19 20 526.64 545158 54 55 250.88
545122 20 21 2324.80 545159 55 56 252.05
545123 21 22 3654.89 545161 56 57 246.93
545124 22 23 832.93 545162 57 58 205.35
545125 23 24 269.19 545163 58 59 203.59
545126 24 25 156.36 545164 59 60 147.13
545127 25 26 190.49 545165 60 61 107.51
545128 26 27 121.91 545166 61 62 117.18
545129 27 28 97.02 545167 62 63 79.35
545131 28 29 160.67 545168 63 64 43.95
545132 29 30 318.04 545169 64 65 51.04
545133 30 31 158.59 545171 65 66 94.58
545134 31 32 135.57 545172 66 67 46.50
545135 32 33 178.43 545173 67 68 31.28
545136 33 34 228.13 545174 68 69 20.88
545137 34 35 285.18 545175 69 70 21.49
 
 

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