Monarca Minerals Inc.TSXV: MMN

Oremex Resources Inc. - Appointment of Chief Executive Officer

· Issued by Monarca Minerals Inc. via CNW
TSX-V: ORM

VANCOUVER, July 25 /CNW/ - Oremex Resources Inc. (TSXV symbol - ORM) (the
"Company") is pleased to announce the appointment of Linda Thorstad, PGeo, as
the Chief Executive Officer of the Company. A registered professional
geoscientist, Thorstad has many years of senior management experience in the
mining industry and brings a wealth of development and mining experience to
the Company. In addition to her many senior mining roles, she is past
president of the Association of Professional Engineers and Geoscientists of BC
as well as recipient of the 2002 Woman of Influence in Business Award. Her
technical background, coupled with strong communications and management
skills, will be an asset to the Company.
The Company's Chairman, Andrew Milligan stated: "The Company is delighted
to have someone with Ms. Thorstad's background and experience to fill the CEO
role and round out the management team".
The Company also announced the grant of 250,000 stock options to
Ms. Thorstad under the incentive option plan. The options are exercisable at a
price of $0.60 per share for a period of five years.
Company assets include both the Tejamen Silver and the San Lucas
Polymetallic Properties located in Mexico. An independent resource study
(NI 43 - 101 compliant) concluded that the Tejamen property contains an
equivalent silver resource of 50.8 million ounces in a total of 22,600,000
tonnes, grading a silver equivalent of 69.8 grams per tonne. An independent
preliminary assessment is anticipated for late summer 2006.
The San Lucas Property represents a promising polymetallic project.
Oremex continues to evaluate its other mineral concessions for principal
property status and will either complete further exploration work or sell the
asset.

The TSX Venture Exchange has not reviewed or does not accept
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.