Monarca Minerals Inc.TSXV: MMN

Oremex Resources Inc. - News Release

VANCOUVER, Feb. 16 /CNW/ - The Company regrets to announce the
resignation of David K. Duval as its Chief Executive Officer. Mr. Duval is
unable to meet the time commitment required to fulfill the duties of CEO
because of a family-related matter.
He will remain on the Board of Directors and will continue to play a role
in the Company during the exploration and development of the Company's Tejamen
Silver Project in Mexico.

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.