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Message: Appoints Michael R. Smith CEO
| April 1, 2009 |
| Oremex Resources Appoints Michael R. Smith CEO |
| TORONTO, ONTARIO--(Marketwire - April 1, 2009) - The Board of Directors of Oremex Resources Inc. (TSX VENTURE:ORM) has appointed Mr. Michael R. Smith as President and Chief Executive Officer of the Company. Mr. Smith is a professional geologist with over 28 years of industry experience and a focus on mine development and production. His career highlights include being Chief Mine Geologist at Barrick Gold Corp's (TSX:ABX) Goldstrike Mine and a key member of the team that built the 2,000,000 oz per year, 500,000 TPD operation, and managed all design and operational aspects of its engineering geology. Mr. Smith went on to become Barrick's General Manager of Exploration and Development in South America, a role that included responsibility for all aspects of the Cerro Corona Project, now owned by GoldFields (LSE:GOF), from exploration through to Feasibility. He has significant experience throughout Latin America, including Mexico and speaks Spanish fluently. John Carlesso, Executive Chairman of Oremex commented: "Oremex is extremely fortunate to have a professional with Mike's experience and reputation to lead the operations of the company. His specialization in mine development and production will be very valuable as Oremex focuses on the advancement of the Tejamen project. Mike's enthusiasm and people skills will also be a tremendous asset for us on the ground in Mexico." Michael Smith stated: "I believe the Oremex assets in Mexico have tremendous value and am especially excited about the prospects to develop the Tejamen silver deposit. The Wardrop and Snowden technical reports completed to date indicate a robust open-pittable and heap-leachable silver resource of roughly 50 million ounces of contained silver. We will be very active in the short term and continue to build the relationship with the local community, upgrade the quantity and quality of the resource, initiate additional technical evaluations, and establish budget and scheduling requirements toward feasibility studies to convert resources to reserves. I'm thrilled to be part of the team and look forward to working with the Board of Directors to create value within Oremex." |
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