Mr. Ben Whiting reports

SURFACE ACCESS AND CORE STORAGE FACILITIES SECURED FOR THE SANDRA SILVER-GOLD PROJECT IN NORTHWESTERN DURANGO STATE, MEXICO

Orex Minerals Inc., as operator of the joint venture, has secured surface access and core storage facilities for exploration on the Sandra silver-gold project, located on lands of the Ejido, Escobar y Anexos, in Guanacevi, Durango, Mexico. The Sandra project is held by Empresa Minera Sandra-Escobar SA de CV, a 60:40 joint venture between Pan American Silver Corp. and Orex.

A signing ceremony with the executives of the Ejido was conducted on June 7, 2023, with the presentation of a cheque as monetary compensation for the use of the land. The village of Escobar is located approximately five kilometres northwest of the Boleras silver deposit.

Ben Whiting, PGeo, Orex's president and chief executive officer, said: "Positive engagement with the local community is an important part of our ongoing commitment to social responsibilities. Money provided this way will go directly to the needs of the local community."

Sandra silver-gold project, Durango, Mexico

The Sandra silver-gold project consists of 6,976 hectares of mineral concessions, covering multiple Tertiary-age precious and base metal showings within the Cienega de Escobar caldera complex, on the Mesa Central, west of the Sierra Madre occidental, in Durango state, Mexico. It is midway between the mining districts of Tovar and Guanacevi.

The Boleras silver deposit in the southeast part of the caldera complex is a disseminated, low sulphidation epithermal deposit, hosted in a rhyolite crystal lithic tuff. A technical report has been published under National Instrument 43-101, describing an inferred mineral resource of 33.3 million ounces of silver in 9.8 million tonnes grading 106 grams per tonne (g/t) (effective date Oct. 25, 2016). The detailed technical report has been filed with SEDAR and posted on the Orex website for public access.

Mr. Whiting, PGeo, is the qualified person as defined in National Instrument 43-101 and takes responsibility for the technical disclosure contained in this news release.

About Orex Minerals Inc.

Orex Minerals is a mineral exploration company focused on precious and base metals exploration in Mexico and Canada. Orex has several current projects; two projects are located in Durango state, Mexico, the Sandra silver-gold project with Pan American Silver and the Coneto gold-silver project with Fresnillo PLC. The third project is the Jumping Josephine gold project in British Columbia, Canada. Orex is managed by the experienced Belcarra Group Management Ltd., comprising highly qualified mining professionals.

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