Mr. Christian Scovenna reports

OREMEX SILVER ANNOUNCES PRIVATE PLACEMENT OFFERING WITH MANAGEMENT AND INSIDERS TO PARTICIPATE

Oremex Silver Inc. intends to complete a non-brokered private placement of up to 15 million units from treasury at a price of five cents per unit for proceeds of up to $750,000.

Each unit shall comprise one common share of the corporation and one common share purchase warrant. Each warrant shall be exercisable for one common share at a price of 10 cents per common share until the date that is 36 months from the closing of the offering. It is expected that management and/or insiders will collectively subscribe for up to $200,000 under the offering, subject to the policies of the TSX Venture Exchange.

The proceeds of the offering will be used to finance exploration activities in Mexico and for general working capital purposes.

The company may pay a cash commission or finder's fee of up to 7 per cent of the gross proceeds of the offering and broker warrants of up to 7 per cent of the number of units sold pursuant to the offering, subject to the policies of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month hold period in Canada. The offering, or a part thereof, is expected to close on or about July 31, 2012 (or such other date(s) as the company may determine), and is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The company confirms the expiry of the private placement it initially announced by press release on April 16, 2012.

We seek Safe Harbor.