Orex Reports 2.7 Metres Grading 840 g/t Silver-Equivalent in

Orex Reports 2.7 Metres Grading 840 g/t Silver-Equivalent in a New
Target Area on the Coneto Gold-Silver Project in Durango, Mexico 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/07/13 -- Orex
Minerals Inc. (TSX VENTURE:REX) ("Orex"), is pleased to announce the
results of the second batch of holes from the 12,000 metres Phase-II
diamond drilling program on the Coneto Gold-Silver Project in
Durango, Mexico. A technical committee, with representation of Orex
and its project partner Fresnillo PLC (LSE:FRES) ("Fresnillo"), is
managing this Phase-II program. 
Hole BCO-11 yielded a high-grade Santo Nino vein intercept of core
length of 3.30 metres (true width 2.70 metres) grading gold 4.34 g/t
and silver 612 g/t, for a gold-equivalent of 16.00 g/t, or
silver-equivalent of 840 g/t. Within this intercept is core length
1.20 metres (true width 0.98 metres) grading gold 11.77 g/t and
silver 1,655 g/t, for a gold-equivalent of 43.29 g/t, or a
silver-equivalent of 2,273 g/t. 
Also in BCO-11 was a La Bufa vein intercept of core length 6.40
metres (true width 5.23 metres) grading gold 2.41 g/t and silver 129
g/t, for a gold-equivalent of 4.87 g/t, or a silver-equivalent of 256
g/t. Within this intercept is core length 2.40 metres (true width
1.96 metres) grading gold 6.08 g/t and 
silver 187 g/t, for a
gold-equivalent of 9.64 g/t, or a silver-equivalent of 506 g/t. 
According to Orex's President, Gary Cope, "This is the first
reconnaissance drilling in the La Bufa Zone at Coneto. This high
grade drill result proves that La Bufa is a promising target area and
deserves more detailed drilling." 


 
Table 1. - Vein Intercepts                                                 
                                                                           
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               From      To    Core    True      Au      Ag   Au-Eq   Ag-Eq
Vein             (m)     (m) Length   Width    (g/t)   (g/t)   (g/t)   (g/t)
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BCO-07                                                                     
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Sauce        272.35   275.6    3.25    2.80    0.17       7    0.32      17
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BCO-08                                                                     
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Sauce        200.20  204.70    4.50    4.23    0.37      39    1.11      58
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 includes    200.20  201.30    1.10    1.03    1.16      39    1.90     100
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 includes    200.90  201.30    0.40    0.38    2.03      43    2.85     149
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Unnamed      554.95  556.60    1.65    1.43    2.80       2    2.83     149
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BCO-09                                                                     
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La Bufa      103.75  109.10    5.35    3.78    0.90      24    1.36      71
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 includes    103.75  106.75    3.00    2.12    1.22      27    1.74      91
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 includes    103.75  105.40    1.65    1.17    1.56      38    2.28     120
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Unnamed      294.20  295.35    1.15    0.81    2.81     181    6.26     329
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Santo Nino   326.95  328.90    1.95    1.60    0.30      23    0.73      39
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BCO-10                                                                     
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La Bufa      159.35  160.60    1.25    0.95    0.36      13    0.60      31
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Santo Nino   367.10  368.80    1.70    1.30    0.07       2    0.10       5
---------------------------------------------------------------------------
                                                                           
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BCO-11                                       
                              
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VBU-A2        19.90   20.85    0.95    0.70    6.68     230   11.06     581
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 includes     20.35   20.85    0.50    0.37   12.15     354   18.89     992
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La Bufa      116.35  122.75    6.40    5.23    2.41     129    4.87     256
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 includes    120.35  122.75    2.40    1.96    6.08     187    9.64     506
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 includes    120.35  121.00    0.65    0.53    4.83     531   14.94     785
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VLB-FW       138.45  139.75    1.30    0.90    0.47     109    2.55     134
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 includes    139.50  139.75    0.25    0.17    1.59     342    8.10     425
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Santo Nino   395.40  398.70    3.30    2.70    4.34     612   16.00     840
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 includes    397.50  398.70    1.20    0.98   11.77    1655   43.29    2273
---------------------------------------------------------------------------
 includes    397.50  397.85    0.35    0.29   38.30    4990  133.35    7001
---------------------------------------------------------------------------
                                                                           
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BCO-12                                                                     
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Unnamed      107.20  108.15    0.95    0.87    2.04     144    4.78     251
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Santo Nino   114.80  116.80    2.00    1.28    0.11     182    3.59     188
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 includes    115.75  116.80    1.05    0.67    0.14     216    4.26     224
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BCO-13                                                                     
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Santo Nino   216.50  216.90    0.40    0.35    0.28      54    1.31      69
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Holes 7 and 8 were drilled in the Coneto "Central Zone" to target the
Sauce vein. Holes 9 to 13 were drilled in the Coneto "La Bufa Zone"
to target the La Bufa and the Santo Nino veins. 
Silver-equivalent for the purposes of this news release is defined as
silver grade plus 52.5 times gold grade. Gold-equivalent is defined
as gold grade, plus silver divided by 52.5. The 52.5:1 ratio is based
on the spot prices of silver $32/ounce and gold $1680/ounce.
Metallurgical recoveries and net smelter returns are assumed to be
100% for the equivalent values. Base metal values are not included in
the equivalent values. 
Coneto Mining District - Durango, Mexico 
The historic Coneto Mining District is situated in the heart of the
"Mexican Silver Trend", stretching from Guanajuato in the southeast,
through to the states of Zacatecas and Durango. The trend hosts some
of the world's largest silver deposits, including Fresnillo,
Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles, and
Zacatecas mining camps. 
Orex and Fresnillo hold extensive contiguous mineral concessions in
the Coneto Mining District, which collectively total approx. 17,600
hectares and cover more than 50 known mineralized epithermal quartz
veins. The project is located in the Mesa Central, on the eastern
flank of the Sierra Madre Occidental Mountains.  
Ben Whiting, P.Geo, is a Qualified Person as defined in NI 43-101 and
takes responsibility for the technical disclosure contained within
this news release.  
The drill core sampling has been conducted with a rigorous QA/QC
program, incorporating analytical standards and blanks into the
sample stream. Analyses were performed in the laboratories of ALS
Chemex. 
The first six holes of the current drilling program, all in the Loma
Verde sector of Coneto, were reported in a news release on November
7th 2012 and are a line of holes drilled beneath the successful
Phase-I drilling program (see news releases: July
 6th 2010 and August
9th 2010). A drill hole location map will be available on the Orex
Minerals Inc. website at www.orexminerals.com. 
ABOUT OREX MINERALS INC.  
Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior
exploration company comprised of highly qualified mining
professionals. The Company has two current projects: its flagship
property, the Barsele Gold Project located in Sweden, and the Coneto
Gold-Silver Project situated in Durango, Mexico, currently under
option to Fresnillo PLC. 
ON BEHALF OF THE BOARD OF DIRECTORS 
Gary Cope, President 
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 and Orex undertakes no obligation to update such
statements, except as required by law. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Orex Minerals Inc.
Gary Cope
President
(604) 687-8566
info@orexminerals.com
www.orexminerals.com
 
 
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