Oremex Board Adopts Shareholder Rights Plan

VANCOUVER, Canada, April 6/PRNewswire/ -- Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that
its board of directors has adopted a Shareholder Rights Plan (the "Rights
Plan"). The objectives of the Rights Plan are to ensure, to the extent
possible, that all shareholders of the Company are treated equally and
fairly in connection with any take-over bid for the Company. Take-over bids
may not always result in shareholders receiving equal or fair treatment or
full value for their investment. In addition, current securities legislation
only requires a take-over bid to remain open for 35 days. The Board believes
that this period may be insufficient for the shareholders to evaluate a bid,
or for the Board to pursue alternatives which could maximize shareholder
value and make informed recommendations to shareholders. The Rights Plan
was not adopted in response to, or in anticipation of, any acquisition or
takeover offer. The Company is not aware of any pending or threatened
takeover bid.

In order to implement the Rights Plan, the board of directors has
authorized the issuance of the rights to holders of its common shares at the
rate of one right for each common share outstanding. For administrative
convenience, the rights will automatically attach to the common shares and
will be represented by certificates representing the common shares. No
further action will be required by the shareholders. On the occurrence of
certain triggering events, which includes the acquisition by a person or a
group of 20% or more of the votes attached to all outstanding voting shares
of the Company in a transaction not approved by the board of directors, the
rights will entitle to holders (other than the acquiring person or group) to
acquire common shares of the Company at a 50% discount to the market price.
The rights are not triggered by purchases of voting shares made pursuant to a
"permitted bid", which is a takeover bid made by way of a formal takeover bid
circular to all holders of common shares on identical terms, which is open
for at least 60 days and is for a minimum of at least 50% of the outstanding
voting shares held by independent shareholders, and which permits
shareholders who tender their shares to subsequently withdraw them before the
closing date of the bid.

The Rights Plan is subject to acceptance by the TSX Venture Exchange and
ratification by the Company's shareholders. The Rights Plan will be submitted
to the shareholders for ratification at the Company's upcoming annual and
special general meeting, scheduled for May 6, 2008.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.

For further information: Linda Thorstad, M.Sc., P.Geo., Chief Executive
Officer, T: +1-604-683-5651, E: linda.thorstad@oremex.com.

Source: Oremex Resources Inc.

For further information: Linda Thorstad, M.Sc., P.Geo., Chief Executive Officer, T: +1-604-683-5651, E: linda.thorstad@oremex.com.

2008-04-06 07:17:52 0328784 PRNEWSWIRE