Mr. John Eren reports

OREX MINERALS ANNOUNCES REPRICING OF WARRANTS

Subject to acceptance by the TSX Venture Exchange, Orex Minerals Inc. intends to amend the exercise price of an aggregate of 6,366,282 outstanding common share purchase warrants of the company that were issued in connection with a warrant exercise incentive program that completed on Nov. 8, 2024.

The warrants have a current exercise price of 25 cents, and the company intends to amend the exercise price to 17 cents following receipt of TSX-V acceptance of the proposed repricing of the warrants. All other terms of the warrants will remain the same, including their respective expiry dates of Nov. 8, 2026. The common shares issued on exercise of the outstanding warrants will not be subject to any hold period.

The repricing of the warrants is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX-V.

About Orex Minerals Inc.

Orex Minerals is a precious and base metals exploration company with projects in Mexico and Canada. The company's portfolio includes the Sandra silver-gold project (Durango state, Mexico), in partnership with Pan American Silver Corp., and the Jumping Josephine gold project in British Columbia, Canada. Orex is led by an experienced team of mining and exploration professionals dedicated to value creation through strategic project advancement and partnerships.

We seek Safe Harbor.