Oremex Silver Announces Filing of Interim Financial Statements

TORONTO, ONTARIO -- (Marketwired - Jan. 19, 2015) - Oremex Silver Inc. ("Oremex" or the "Company") (TSX VENTURE:OAG) (OTC PINK:ORAGF) (FRANKFURT:OSI) today announced that it has filed its unaudited condensed consolidated interim financial statements and the related interim management discussion and analysis for the three month period ended February 28, 2014, the three and six month period ended May 31, 2014 and the three and nine month period ended August 31, 2014 (collectively, the "Interim Filings"). The Interim Filings are intended to bring the Company up to date with its continuous disclosure obligations and the Company intends to apply to the TSX Venture Exchange for the reinstatement of trading of its common shares.

Additionally, the Company announced that it has filed amended and restated unaudited condensed consolidated interim financial statements of the Company for the three and nine month period ended August 31, 2013 (the "2013 Q3 Financial Statements"). On close examination of the 2013 Q3 Financial Statements, the Company noticed a number of minor inaccuracies that required certain non-consequential amendments to the 2013 Q3 Financial Statements. As a result, the Company refiled the 2013 Q3 Financial Statements to bring the 2013 Q3 Financial Statements into compliance with Canadian accounting standards.


About Oremex Silver Inc.

Oremex is a Canadian company focusing on the exploration and development of silver projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 50.8 million ounces of silver at its Tejamen deposit.


Cautionary Note Regarding Forward-Looking Statements

Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES



Contact

Oremex Silver Inc.
Allan Folk, Interim Chief Executive Officer
Afolk.bb@gmail.com
www.oremexsilver.com