Sale of Encarnacion Mining Claim

TSX Venture Exchange: ORM   
www.oremex.com

VANCOUVER, April 27 /CNW/ - Oremex Resources Inc. ("Oremex") announces
that it has entered into a Letter Agreement with First Majestic Resource Corp.
("Majestic") to sell its interest in the La Encarnacion Mining Claim
(La Parrilla) located in the State of Durango, Mexico. The terms of the
agreement requires Majestic to pay Oremex CDN$20,000 and 200,000 common shares
of Majestic. The terms and conditions of the Letter Agreement are subject to
final legal due diligence review and regulatory approval.
Oremex acquired the rights to the La Encarnacion mining claim and five
other mineral properties under an agreement dated February 28, 2003. The
principal properties acquired under this agreement were the Tejamen and the
San Lucas properties, however, the other properties were not considered to be
principal properties. Oremex had not conducted any work programs on the
La Encarnacion Mining Claim as the management of Oremex has decided to focus
on the development of the resources at its Tejamen Silver Property. In
March 2005, an independent resource study concluded that the Tejamen property
contains an equivalent silver resource of 40.3 million ounces in a total of
10,190,000 tonnes, grading a silver equivalent of 123.47 g/t (3.97 ounces).

This press release contains forward looking statements, except for
historical information. These statements involve known and unknown risks,
uncertainties, and other factors that may cause the Company's actual results,
level of activity, performance, and/or achievements to be materially different
from any future results, levels of activity, performance, or achievements
expressed or implied by these forward looking statements.

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responsibility for the adequacy or accuracy of this news release.