July 2, 2022

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Orex Announces Board Variations and a Grant of Options

VANCOUVER, BC, Jan. 28, 2021 /CNW/ – Orex Minerals Inc. – (TSXV: REX) (OTCQB: ORMNF) (“Orex” or the “Enterprise“) announces that the Board has gained the resignation of Rick Sayers. His in depth qualifications and senior amount knowledge in finance enabled the Company to proceed with its strategic strategy and development through his tenure. Administration wishes to thank Mr. Sayers for his yrs of services.

The Firm announces the appointment of David R. Gunning, P.Eng., as a Director of Orex effective right away. Mr. Gunning is a graduate mining engineer with 40 years’ knowledge in the mining sector. His encounter involves exploration, functions, and consulting. He has worked on precious steel tasks and operations around the globe but mostly in North and Latin The usa. Most not too long ago Mr. Gunning was COO at Starcore Intl. Mines Ltd with an underground gold mine in Mexico and VP Functions for Bluestone Assets creating the Cerro Blanco undertaking in Guatemala.

The Business also announces that it has granted an aggregate of 3,550,000 incentive stock alternatives to administrators, officers, and consultants to obtain up to 3,550,000 frequent shares in the capital of Orex. The incentive stock options have an exercising selling price of $.17 for every share, expire five years from the day of grant, and vest immediately. As a consequence of this possibility grant, Orex has 12,375,000 inventory options remarkable, symbolizing 6.6% of the issued and outstanding share money of the Organization.

ABOUT OREX MINERALS INC.

Orex is a Canadian-centered junior exploration corporation comprised of really capable mining gurus. Orex has many present-day jobs: the Coneto Gold-Silver Task, a joint venture with Fresnillo PLC, the Sandra Silver-Gold Job, a joint enterprise with Pan American Silver Corp., both positioned in Durango, Mexico, in addition the Jumping Josephine Gold-Silver Undertaking in British Columbia, Canada.&#13

ON BEHALF OF THE BOARD OF Directors

/s/ Ben Whiting
Ben Whiting
President

The Canadian Venture Trade has not reviewed and does not accept duty for the adequacy or precision of the information of this press launch.

Check out authentic information:https://www.prnewswire.com/information-releases/orex-announces-board-alterations-and-a-grant-of-choices-301217808.html

Resource Orex Minerals Inc.