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Orex Announces Proposed Spin Out
Published : February 01, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Orex Minerals Inc. (News - Market indicators) ("Orex" or the "Company") announces that its board of directors and management are consulting with its legal and financial advisors to evaluate the merits of proceeding with a reorganization of its business that will separate Orex's advanced-stage Barsele Gold Project in Sweden from all of Orex's other mineral properties (the "Proposed Transaction"). It is expected that the Proposed Transaction will be completed through a shareholder-approved plan of arrangement that would result in shareholders receiving the shares of a new company and continuing to hold shares of Orex.

The Proposed Transaction would be subject to the approval of Orex's shareholders, as well as regulatory and other approvals, including the approval of the TSX-V. If the board of directors of Orex decides to proceed with the Proposed Transaction, it is expected that it would become effective on or after May 1, 2013.

ABOUT OREX MINERALS INC.

Orex Minerals Inc. (News - Market indicators) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has two current projects: its flagship property, the Barsele Gold Project located in Sweden, and the Coneto Gold-Silver Project situated in Durango, Mexico, currently under option to Fresnillo PLC.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking statements" including but not limited to statements with respect to Orex's plans, the estimation of mineral reserves and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, fluctuations in foreign currency exchange rates, possible variations in ore reserves or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations; and political and economic developments in countries in which Orex operates. Although Orex has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Orex does not undertake any responsibility to update forward-looking statements, except as required by law.

Neither the 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.

Orex Minerals Inc.
Gary Cope
President
604-687-8566
(604) 687-6365 (FAX)
info@orexminerals.com
www.orexminerals.com
Data and Statistics for these countries : Mexico | Sweden | All
Gold and Silver Prices for these countries : Mexico | Sweden | All
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Orex Minerals Inc.

EXPLORATION STAGE
CODE : REX.V
ISIN : CA68616N2014
CUSIP : 68616Q
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Financings of Orex Minerals Inc.
9/25/2013Announces Non-Brokered Private Placement
9/6/2013Announces Private Placements
4/26/2013Closes Non-Brokered Private Placement
2/18/2013Announces Non-Brokered Private Placement
9/24/2012Closes Non-Brokered Private Placement
9/29/2008=?windows-1252?Q?OREX_ANNOUNCES_$1,200,000_NON-BROKERED_PRIV...
6/2/2008Announces $5,302,500 Brokered Private Placement
Option Grants of Orex Minerals Inc.
4/11/2013Engages Communications and Investor Relations Consultant
10/30/2012Ends Investor Relations Agreement
Nominations of Orex Minerals Inc.
10/19/2012Appoints New Director
10/19/2012Appoints New Director
Project news of Orex Minerals Inc.
10/21/2013(Barsele)Minerals Inc. Closes Amended Barsele Acquisition
10/3/2013(Barsele)Announces Completion of Barsele Acquisition
5/3/2013(Barsele)Amends Barsele Acquisition Agreement to Defer Cash Payment a...
3/25/2013(Coneto)Minerals Inc.: Third Drilling Rig Added to the Coneto Gold-S...
10/9/2012(Coneto)and Fresnillo Add Second Drilling Rig To Coneto Silver-Gold ...
8/27/2012(Coneto)and Fresnillo Commence Drilling at Coneto Silver-Gold Projec...
7/23/2011(Barsele)Orex Completes Airborne Geophysical Survey Over The Barsele ...
5/9/2011(Barsele)Initiates Airborne Geophysical Survey Over Barsele Gold Proj...
5/2/2011(Barsele)Minerals Completes Purchase of Barsele Gold Project
3/31/2011(Las Mesas Durango)Diamond Drilling has Started on Orex’s “Las Mesas” Gold-Silv...
3/23/2011(Barsele)Signs Final Agreement to Acquire Barsele Gold Project
8/9/2010(Coneto)Extends Gold and Silver in the Loma Verde Sector of the Cone...
7/6/2010(Coneto)Progress Report on Orex's Drilling Program at the Coneto Gol...
4/27/2010(Coneto)Diamond Drilling to Commence on Orex’s Coneto Gold-Silver Pr...
2/9/2010(Coneto)Awards Diamond Drilling Contract to Major Drilling for the C...
1/11/2010(Coneto)Expands Mineral Concessions at Coneto Project Request for Pr...
11/17/2009(Coneto)Coneto Project Yields High Gold and Silver Values
4/8/2009(Santa Cruz)hits 6 kilograms Silver per tonne over 1.1 metres on Zambran...
Corporate news of Orex Minerals Inc.
9/18/2013Minerals Inc. (TSX.V:REX) Closes $2-Million Private Placemen...
8/20/2013Minerals Inc.: Additional Gold and Silver Results Received f...
7/10/2013Minerals Inc.: Attractive Gold and Silver Results Received f...
7/3/2013Options Claims Strategically Located Near Colorado Resources...
3/25/2013(Coneto)=?windows-1252?Q?Third_Drilling_Rig_Added_to_the_Coneto_Gold...
3/18/2013Letter from the President
2/13/2013and Astral Announce Completion of Arrangement
2/1/2013Announces Proposed Spin Out
1/21/2013Astral Announces Annual General and Special Meeting
1/7/2013(Coneto)=?windows-1252?Q?Orex_reports_2.7_Metres_Grading_840_g/t_Sil...
12/10/2012and Astral Announce Signing of Arrangement Agreement
12/3/2012(Barsele)Files an Updated Resource Estimate for Barsele Gold Project,...
12/3/2012(Barsele)Files an Updated Resource Estimate for Barsele Gold Project,...
11/21/2012(Barsele)=?windows-1252?Q?Orex_Announces_43%_Increase_in_Indicated_Mi...
11/7/2012(Coneto)=?windows-1252?Q?Orex_reports_10_Metres_Grading_300_g/t_Silv...
11/7/2012(Coneto)Reports 10 Metres Grading 300 g/t Silver-Equivalent on the C...
10/15/2012and Astral Announce Merger by way of Plan of Arrangement
10/9/2012(Coneto)=?windows-1252?Q?Orex_and_Fresnillo_Add_Second_Drilling_Rig_...
7/18/2012=?windows-1252?Q?Orex_and_Fresnillo_Award_a_12,000_Metre_Dia...
4/20/2012BTV Profiles Orex Minerals Inc.
2/22/2012(Barsele)=?windows-1252?Q?Orex_Provides_Results_for_the_First_Diamond...
2/2/2012(Coneto)=?windows-1252?Q?Orex_Minerals_Inc._and_Fresnillo_Plc_Sign_A...
1/4/2012(Barsele)=?windows-1252?Q?Orex_Provides_Update_on_Drilling_at_Barsele...
11/9/2011(Barsele)=?windows-1252?Q?Orex_Initiates_Drilling_at_Barsele_Gold_Pro...
9/20/2011(Barsele)=?windows-1252?Q?Orex_Completes_First_Phase_Ground_Geophysic...
5/24/2011Engages Sigorex as New Investor Relations Consultant
4/22/2011Minerals is on BTV this weekend
4/4/2011=?windows-1252?Q?Orex_Awards_Airborne_Geophysical_Survey_Con...
3/4/2011=?windows-1252?Q?Orex_Closes_4,653,000_Unit_Non-Brokered_Pri...
3/3/2011=?windows-1252?Q?Indicated_Mineral_Resources_of_382,000_gold...
5/4/2010Commences drilling on the Coneto Gold-Silver Project
8/31/2009Geological Work Commences on Coneto Silver-Gold Project in M...
7/16/2009Signs Letter of Intent to Purchase 100% of Core Claims in Co...
9/2/2008Commencement of Production at Santa Cruz
5/12/2008Completes Mill Upgrading
1/31/2008Orex Minerals Provides Santa Cruz Project Update
11/19/2007Work Program Underway on Santa Cruz Property
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