TORONTO, May 30, 2012 - Oremex Silver Inc. (the "Company") (TSX Venture: OAG) (OTCQX: ORAGF) (Frankfurt: OSI) announces that it has postponed its annual and special meeting of shareholders (the "Meeting") that was scheduled to be held on Thursday, May 31, 2012. The Company expects to issue a further news release advising of the rescheduled Meeting date, time and location and particulars with respect to the treatment of proxies in the near future.

About Oremex Silver Inc.

Oremex Silver Inc. is a Canadian company focusing on the exploration and development of silver projects along the highly productive mineralized belt in Mexico. The Company has a portfolio of silver projects including a mineral resource of 50.8 million ounces of silver at its Tejamen deposit. The Company's projects are located in mining-friendly jurisdictions and the management team has a successful track record of mine building in Mexico.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.