/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 29, 2012 /CNW/ - Oremex Silver Inc. (TSXV: OAG) (OTCQX: ORAGF) (FRANKFURT: OSI) (the "Company") today announced the results of its annual and special meeting (the "Meeting") held on June 29, 2012.

The shareholders re-elected John Carlesso, Chris Marcus, David William Prins, Michael R. Smith and David A. Terry to serve as directors of the Company. The shareholders re-appointed McGovern, Hurley, Cunningham, LLP as the Company's auditors and authorized the directors to fix the auditors' remuneration. The shareholders approved a special resolution authorizing the Company to reduce the stated capital of the common shares of the Company to $10 million or such other amount as may be determined by the board of directors of the Company. A resolution re-approving and confirming the stock option plan of the Company was not approved by a majority of shareholders represented at the Meeting.

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 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.