January 11, 2010
TSX Venture Exchange
Trading Symbol: REX
Orex Expands Mineral Concessions at Coneto Project
Request for Proposals Issued for Diamond Drilling
Vancouver, B.C. – Orex Minerals Inc. – (REX: TSXV) is pleased to present a second progress report on the geological program at the Coneto silvergold mining camp in Durango State, Mexico.
In December, 2009, Orex applied for and was awarded an increase in the size of the mineral concession holdings in the Coneto camp, bringing the total holdings to 15,906 hectares. The addition of the “Lomas 3” mineral concession adds 12,610 hectares and spans over 16 km strike length of the main mineralized corridor.
In addition, the surface geological and geochemical mapping and sampling program has continued to yield high grade gold and silver results on multiple veins. A request for proposal has been issued to several diamond drilling companies for a PhaseI drilling program planned for 5,000 metres.
Gary Cope, President of Orex, says; “We are very pleased with the surface results to date for gold and silver. These results demonstrate strong mineralization in many veins at Coneto. We anticipate awarding a diamond drilling contract in February.”
In order to better define drilling targets, the southeastern and central regions of the property have undergone extensive surface examination. This testing clearly illustrates parallel mineralized structures carrying gold and silver, as well as other pathfinder elements.
As of midDecember, regional geology mapping at 1:10,000 scale covered about 35 km2 and detailed structural geology mapping at 1:500 scale covered15 km2. Fortynine linekilometres of geochemical sampling, both for soil and rock channel/chip/grab, total 1,794 samples. An initial update of results was published in a news release dated 17 November 2009. The highlights in the table below are in addition to those previously released.
Key highlights include channel samples on the Sauce, Palma, and Pobre Sur veins in the central region of the camp, plus favourable signs of mineralization from prospecting related grab samples in the Loma Verde area on the west region of the camp.
Sauce vein sample #4946 yielded true width 1.0 m grading gold 17.60 g/t and silver 222.0 g/t for a silverequivalent of 1,278 g/t and sample #4948 yielded 2.0 m grading gold 7.75 g/t and silver 242.0 g/t for a silverequivalent of 707.0 g/t.
Palma vein sample #5152 yielded 1.2 m grading gold 6.08 g/t and silver 497.0 g/t for a silverequivalent of 861.8 g/t and sample #5098 yielded 1.6 m grading gold 2.49 g/t and silver 564.0 g/t for a silverequivalent of 713.4 g/t.
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On a projection of the Pobre vein, herein named Pobre Sur, sample #487 yielded 1.0 m grading gold 12.50 g/t and silver 78.0 g/t for a silverequivalent of 828.0 g/t. Grab samples from old rock piles in the Loma Verde area include #5819 which yielded gold 15.90 g/t and silver 1,750.0 g/t for a silverequivalent of 2,704 g/t, and #5811 which yielded gold 2.60 g/t and silver 830.0 g/t for a silverequivalent of 986.0 g/t.
Rock sampling highlights – November 1 to December 15, 2009 Maps of the geochemical program can be found on the Orex website at the following address:
| Sector | Sample | Rock | Sample | True | Au | Ag | AgEq |
| Number | Type | Type | Width (m) | (g/t) | (g/t) | (g/t) |
| | | | | | | |
| Impulsora Sur | 366 | VEIN | Channel | 1.1 | 0.65 | 67.0 | 105.8 |
| Impulsora | 408 | BRXX | Channel | 1.0 | 1.51 | 73.0 | 163.6 |
| Impulsora | 410 | VEIN | Channel | 1.8 | 3.39 | 143.0 | 346.4 |
| Promentorio | 422 | STWK | Channel | 1.6 | 2.29 | 7.0 | 144.4 |
| Promentorio | 424 | STWK | Channel | 3.3 | 3.63 | 4.0 | 221.8 |
| Promentorio | 429 | VEIN | Channel | 1.0 | 1.70 | 139.0 | 241.0 |
| Pobre Sur | 487 | VEIN | Channel | 1.0 | 12.50 | 78.0 | 828.0 |
| Pobre Sur | 488 | VEIN | Channel | 0.6 | 4.32 | 42.0 | 301.2 |
| Pobre Sur | 489 | VEIN | Channel | 0.5 | 2.65 | 15.0 | 174.0 |
| Pobre Sur | 490 | VEIN | Channel | 1.0 | 1.44 | 68.0 | 154.4 |
| Consuelo | 494 | VEIN | Grab | n/a | 1.19 | 720.0 | 791.4 |
| Consuelo | 495 | VEIN | Grab | n/a | 1.97 | 530.0 | 648.2 |
| Durazno | 4691 | VEIN | Channel | 2.0 | 1.27 | 193.0 | 269.2 |
| Durazno | 4692 | VEIN | Channel | 2.0 | 2.59 | 191.0 | 346.4 |
| Estrella | 4868 | STWK | Channel | 1.5 | 1.10 | 36.0 | 102.0 |
| Estrella | 4873 | VEIN | Channel | 0.8 | 1.08 | 21.0 | 85.8 |
| Estrella | 4874 | ANVT | Channel | 2.0 | 1.62 | 43.0 | 140.2 |
| Estrella | 4875 | BRXX | Channel | 0.7 | 1.02 | 90.0 | 151.2 |
| Tres Amigos | 4905 | ANVT | Channel | 2.0 | 3.91 | 129.0 | 363.6 |
| Tres Amigos | 4909 | BRXX | Channel | 0.5 | 1.48 | 102.0 | 190.8 |
| Tres Amigos | 4922 | BRXX | Channel | 0.5 | 0.54 | 108.0 | 140.1 |
| Sauce | 4945 | STWK | Channel | 1.5 | 0.37 | 107.0 | 128.9 |
| Sauce | 4946 | VEIN | Channel | 1.0 | 17.60 | 222.0 | 1278.0 |
| Sauce | 4948 | VEIN | Channel | 2.0 | 7.75 | 242.0 | 707.0 |
| Pobre | 4957 | ANVT | Channel | 1.0 | 0.64 | 70.0 | 108.2 |
| Pobre | 4962 | ANVT | Channel | 1.1 | 0.91 | 92.0 | 146.5 |
| Sauce | 4969 | STWK | Channel | 1.2 | 1.33 | 143.0 | 222.8 |
| Sauce | 5009 | ANVT | Channel | 1.5 | 4.78 | 128.0 | 414.8 |
| Sauce | 5010 | VEIN | Channel | 2.0 | 4.15 | 87.0 | 336.0 |
| Sauce | 5086 | VEIN | Channel | 2.0 | 0.27 | 131.0 | 147.3 |
| Palma | 5092 | VEIN | Channel | 1.1 | 2.09 | 117.0 | 242.4 |
| Palma | 5093 | ANVT | Channel | 1.7 | 2.16 | 12.0 | 141.6 |
| Palma | 5094 | ANVT | Channel | 2.0 | 1.38 | 7.0 | 89.8 |
| Palma | 5096 | ANVT | Channel | 2.0 | 3.41 | 66.0 | 270.6 |
| Palma | 5097 | VEIN | Channel | 2.3 | 2.34 | 97.0 | 237.4 |
| Palma | 5098 | VEIN | Channel | 1.6 | 2.49 | 564.0 | 713.4 |
| Sauce | 5132 | ANVT | Channel | | 1.9 | 0.27 | 129.0 | 145.0 |
| Sauce | 5142 | VEIN | Channel | | 2.0 | 6.34 | 137.0 | 517.4 |
| Sauce | 5143 | VEIN | Channel | | 2.0 | 0.73 | 67.0 | 111.0 |
| Palma | 5152 | VEIN | Channel | | 1.2 | 6.08 | 497.0 | 861.8 |
| Palma | 5153 | ANVT | Channel | | 1.6 | 1.55 | 50.0 | 143.0 |
| Loma Verde | 5811 | ANVT | Grab | n/a | | 2.60 | 830.0 | 986.0 |
| Loma Verde | 5819 | VEIN | Grab | n/a | | 15.90 | 1750.0 | 2704.0 |
| | | | | | | | |
www.orexminerals.com
The first and second interim reports cover 428 Bhorizon soil, 657 rock channel, 656 rock chip and 9 rock grab totaling 1,794 samples, ranging from trace to 17.60 g/t for gold and trace to 1,750 g/t for silver. SGS Mineral Services, a certified commercial laboratory in Durango, Mexico, performed the analytical testing by fire assay with atomic absorption finish, and multielement inductively coupled plasma analyses. A QA/QC program is in place for sample collection through to laboratory analysis. Host rock is primarily andesite of the Triassic Lower Volcanic Group. Sample rock type abbreviations used in this news release are ANVT andesite with quartz veinlets, BRXX breccia, STWK stockwork, VEIN quartz vein, VNBX vein breccias and VNST vein stockwork.
Located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains, Coneto is centrally positioned in the “Mexican Silver Trend”. This silver trend, stretching from Guanajuato in the southeast, through the states of Zacatecas and Durango, hosts some of the World’s largest silver deposits, including the Real de Angeles, Zacatecas, Fresnillo, La Preciosa, and La Pitarrilla mining camps.
Over 40 epithermal silvergold vein structures have been identified at Coneto. The initial Orex program consists of detailed structural geology mapping and geochemical sampling in the central, west and southeast areas. This program is designed to guide a diamond drilling program.
Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release.
Silverequivalent for the purposes of this news release is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silverequivalent value. Base metal values are not included in the silverequivalent value.
About Orex Minerals Inc.
Orex Minerals Inc. is a junior mineral exploration company comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and goldsilver properties in Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope President
For further information, contact Orex Minerals Inc. at (604) 6876310, email info@orexminerals.com or visit our website at www.orexminerals.com