Monarca Minerals Inc.TSXV: MMN

Oremex Announces Appointment of CFO

· Issued by Monarca Minerals Inc. via CNW
VANCOUVER, Aug. 31 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") is pleased to announce the appointment of Chuck Jenkins, BA, CGA,
as Chief Financial Officer of the Company, effective September 5, 2006. Mr.
Jenkins has held senior financial positions with Canadian publicly-traded
companies. He has also worked in a corporate finance and regulatory compliance
capacity with three leading brokerage firms and served in a senior role with
the BC Securities Commission. Mr. Jenkins obtained his BA in 1977 and has held
his CGA designation since 1983.
"Mr Jenkins brings a broad range and depth of experience in the
securities, corporate compliance and corporate finance fields, and will be a
valuable addition to the Oremex team," stated Linda Thorstad, CEO.
The Company also announced the grant of 100,000 stock options to Mr.
Jenkins under the incentive option plan. The options are exercisable at a
price of $0.70 per share for a period of five years.
Mr. Jenkins replaces Mr. Don Smith, MBA, CA, who is leaving the Company
to pursue other professional opportunities. Mr. Smith will remain available to
the Company on a consulting basis. The Board of Directors thanks Mr. Smith for
his service.
The Company's most advanced projects are the Tejamen silver property and
the San Lucas polymetallic property, both located in Mexico. An independent
resource study (NI 43-101 compliant) concluded that the Tejamen property
contains a silver-equivalent resource of 50.8 million ounces in a total of
22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne
(69.8 grams per tonne). The independent preliminary assessment is expected to
be completed by the end of September, 2006.

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responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and, therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.