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Oremex Gold Inc. (OAU.V), which is trading at year lows, announced that an interested third party in Mexico is alleging ownership of two concessions totaling 78.9 hectares in the Melchor Ocampo gold mining district, Zacatecas state, Mexico, comprising the company's Cerro del Oro (Gold Hill) project.

Acquisition of the Cerro del Oro concessions by the company's wholly-owned subsidiary, Minera Tres Diamantes, S. de R.L. de C.V., from Minera Mantos, S. de R.L. de C.V., a wholly-owned subsidiary of Oremex Silver, Inc., was previously announced on February 23, 2012. Prior to acquisition by the company, the Cerro del Oro concessions had been subject to a court process to determine the legal owner of the property. The concessions were acquired by the company only after it had been advised that the legal ownership matter had been favorably resolved and the final court decision in the process was non-appealable.

The company has engaged, and is working with, various legal and other advisors in the jurisdiction to refute any challenge to the legal ownership of the Cerro del Oro concessions. The company intends to pursue all viable courses of action to preserve the full legal rights it believes it acquired to the Cerro del Oro concessions. Until this issue is resolved, the company does not intend to undertake any further exploration work on the Cerro del Oro concessions or release results in connection with exploration work on the concessions.

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