San Lucas drilling project provides a new discovery for Oremex

TSX Venture Exchange: ORM
www.oremex.com

VANCOUVER, June 21 /CNW/ - Oremex is drilling two of its five projects in
the State of Durango, Mexico. The San Lucas project is at an early exploration
stage and is being evaluated concurrently with the Company's other project,
the Tejamen, which has a 40 million ounce silver resource defined by the
N. Tribe, P.Eng., in his February 1, 2005, report entitled "Mineral Resource
Evaluation Report on the Tejamen Silver Property". (NI 43-101 compliant).
Oremex is pleased to announce the initial results of a 19-hole drill
program on its San Lucas Project. Geological mapping and drilling has outlined
a disseminated silver-gold mineralized system with associated lead and zinc.
The zone has been traced along a strike length over 1700 meters by mapping and
drilling. A total of 3,042 metres of reverse circulation drilling has been
completed on 100-metre step-outs along the trend of mineralization.

Highlights include 4 metres (13 feet) of 9.26 gpt gold and 233 gpt silver
in drill hole No. 3, and 6 metres (20 feet) of 203 gpt silver in drill hole
No. 4.

Seventeen of the 19 holes intersected the mineralization with some of the
better intercepts as follows (the assays and map of all drill-holes are
available on the Oremex website):
<<
                                     Grade     Grade     Grade     Grade
HOLE    From        To       Int      Gold    Silver      Zinc      Lead
 No.     (m)       (m)       (m)     (gpt)     (gpt)       (%)       (%)

1         20        22         2     0.140    156.00
          66        74         8     0.080     78.75

3         40        44         4     9.260    232.85      3.05      1.45
          58        62         4     0.100    298.50      3.80      1.10
         104       118        14     0.030     49.14      0.46      0.15

4         62        68         6     0.090    203.10      1.69      0.66

8         46        52         6     0.200     72.73      1.26      0.34
          58        62         4     0.240     72.80      0.90      0.34

9         30        32         2     6.050     25.50      1.53      0.35
          40        42         2     0.050     61.10      9.74      1.10

This drilling defined a 800-900 metre strike length of better grade
mineralization in a volcanic sequence of andesite and rhyolite. Drilling and
mapping elsewhere indicates that a carbonate (limestone) unit is projected to
intersect the better mineralized zone 100 metres below the present drilling
This will be tested in the next phase of drilling to evaluate the potential
for replacement-type mineralization, and the expansion of the presently known
zones.

TEJAMEN PROJECT
---------------

Drilling is continuing to expand the 40 million ounce silver resource as
defined by N. Tribe, P.Eng., in his February 1, 2005 report. Assay results are
expected in approximately two weeks.
Norm Tribe, P.Eng., is the Qualified Person (QP) responsible for
oversight of the San Lucas exploration and has verified the data above.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release.
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