VANCOUVER, BC, March 26,
2024 /CNW/ - Orex Minerals Inc. (TSXV: REX)
(OTCQB: ORMNF) ("Orex" or the "Company") announces
that the Board has received the resignation of David Gunning. His extensive background and
senior level experience enabled the Company to continue with its
strategic plan and growth during his tenure. Management wishes to
thank Mr. Gunning for his years of service.
The Company is also pleased to announce the appointment of
Adam Cegielski as Independent Chair
of the Company's Board of Directors ("Chair") and member of
the Company's Audit Committee effective immediately. Mr. Cegielski
has over 20 years of experience in the venture capital industry
ranging from mineral exploration, technology, health care and
education. He started his career developing an industrial mineral
project in Uganda that he later
sold to Rio Tinto. Mr. Cegielski was the founding director of
Cayden Resources, which was sold to Agnico Eagle Mines for
$205 million. He was the co-founder,
CEO & director of Gold Line Resources Corp, a mineral
exploration company in Sweden
which was recently acquired by First Nordic Metals Corp. (TSX-V:
FNM).
"Adam will be a valued addition to our Board," stated
Ben Whiting, President and CEO of
Orex. "His extensive knowledge and experience in the venture
capital industry, coupled with his strong work ethic, will serve
Orex well as we strive to achieve our goals."
ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a
mineral exploration company focused on precious and base metals
exploration in Mexico and
Canada. Orex has several current
projects: Two projects are located in Durango State, Mexico, the Sandra Silver-Gold Project with
Pan American Silver Corp. and the Coneto Gold-Silver Project with
Fresnillo PLC. In Zacatecas State, Mexico, Orex has recently optioned the
Valenciana Gold-Silver-Base Metals Project. A fourth project is the
Jumping Josephine Gold Project in British
Columbia, Canada. Orex is managed by the experienced
Belcarra Group Management Ltd., comprised of highly qualified
mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ben
Whiting
Ben Whiting,
P.Geo.
President
Forward Looking Information
This news release may contain forward-looking statements,
including statements with respect to the terms of the Offering, the
receipt of regulatory approvals for the Offering and closing of the
Offering. These statements reflect management's current estimates,
beliefs, intentions and expectations; they are not guarantees of
future performance. Forward-looking statements address future
events and conditions and therefore involve inherent risks and
uncertainties. Such factors include, among other things: risks and
uncertainties relating to exploration and development, the ability
of the Company to obtain additional financing, the need to comply
with environmental and governmental regulations, fluctuations in
the prices of commodities, operating hazards and risks, competition
and other risks and uncertainties, including those described in the
Company's financial statements, management discussion and analysis
and/or annual information form available on www.sedarplus.com.
The risk factors identified in such documents are not intended to
represent a complete list of factors that could affect the Company.
Actual results may differ materially from those currently
anticipated in such statements and the Company 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.
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SOURCE Orex Minerals Inc.
