REX.V · 2025-03-12 12:00:00

Diamond Drilling Intercepts 15 Metres Grading 3.02 g/t Gold-Equivalent on the Loma Verde Vein on the Coneto Gold-Silver Project in Durango, Mexico

Drill Results

Diamond Drilling Intercepts 15 Metres Grading

3.02 g/t Gold-Equivalent on the Loma Verde

Vein on the Coneto Gold-Silver Project in

Durango, Mexico

VANCOUVER, BC

March 12, 2025

/CNW/ -

Orex Minerals Inc.

(TSXV: REX) (OTCQB: ORMNF)

Orex

" or the "

Company

") is pleased to announce that "Exploraciones y Desarrollos Mineros

Coneto, SAPI de CV", a joint venture company held by

Fresnillo

plc (LON: FRES) for 61.21% and

Orex for 38.79%, has completed the Phase-VI diamond drilling program of 2,000.8 metres in 8 holes

on the Coneto Gold-Silver Project in

Durango, Mexico

The

Loma Verde

target area was the focus for Phase-VI drilling. Results include hole BCO-85

yielding a core length of

15.00 m

(true thickness

11.50 m

) grading Au 0.75 g/t and Ag 174 g/t for a

gold-equivalent of 3.02 g/t, plus hole BCO-89 yielding a core length of

4.50 m

(true thickness

3.90

) grading Au 1.70 g/t and Ag 180 g/t for a gold-equivalent of 4.05 g/t.

John Eren

, President and CEO states,

"The

Loma Verde

vein was intercepted in every hole in this

phase of the program, thus confirming the strong continuity over 1.2 km

s strike length. There is

also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver

project, as each precious metal accounts for roughly half the contained value."

Hole

From

(m)

Core

Length

True

Width

(g/t)

Au-Eq

(g/t)

Ag-Eq

(g/t)

BCO-84

Unnamed

104.10

105.90

1.80

1.61

0.52

0.57

Loma V

121.55

122.50

0.95

0.85

0.17

373

5.07

386

BCO-85

Loma V

87.80

102.80

15.00

11.50

0.75

173

3.02

230

Incl.

87.80

92.40

4.60

3.53

1.37

419

6.88

523

BCO-86

Unnamed

170.10

171.25

1.15

0.85

3.76

4.23

322

Unnamed

258.25

259.25

1.00

0.85

0.21

1.17

Loma V

271.90

277.20

5.30

4.77

0.17

122

1.82

138

Incl.

271.90

275.65

3.75

3.38

0.20

143

2.07

158

BCO-87

Loma V

137.35

138.05

0.70

0.63

0.08

1.05

BCO-88

Unnamed

84.25

85.10

0.85

0.65

0.14

280

3.81

291

Loma V

159.80

164.00

4.20

3.20

0.45

1.30

Unnamed

166.45

167.75

1.30

1.22

0.58

1.29

BCO-89

Unnamed

57.70

62.45

4.75

4.42

1.17

2.32

176

Incl.

59.00

59.75

0.75

0.70

5.01

357

9.07

738

Loma V

135.30

139.80

4.50

3.94

1.70

180

4.05

309

Incl.

135.30

136.30

1.00

0.87

5.42

603

13.35

1,015

BCO-90

Unnamed

259.00

260.50

1.50

1.41

1.00

287

4.77

363

Loma V

327.75

329.05

1.30

1.22

0.76

259

4.15

317

BCO-91

Loma V

286.40

288.15

1.75

1.34

3.79

554

11.05

834

Unnamed

317.50

318.10

0.60

0.50

0.57

1.19

For the purposes of gold and silver equivalent values, the long-term metal prices of gold

$1,750

/oz

and silver

$23

/oz were applied. Gold to silver price ratios vary over time. Base metals value are

scattered and non-economic, max. isolated values of 0.2% Pb, 0.4% Zn.

To date, the Coneto Project has had five previous phases of diamond drilling from 2010 to 2017,

totaling 106 drill holes for 38,515.67 metres. This drilling formed the basis of an independent mineral

resource estimate announced in a news release dated

October 27, 2021

. The new drilling brings the

total to 114 drill holes for 40,516.47 metres.

The 2021 Inferred Mineral Resources stands at 5,325,000 tonnes, grading 1.67 g/t gold and 112 g/t

silver for a gold-equivalent grade of 3.15 g/t. Contained metal totals 286,000 oz gold and

19,111,000 oz silver, for a gold-equivalent of 538,000 oz. (The full technical report was filed on

SEDAR+,

www.sedarplus.com

, and is also available on the Orex website,

www.orexminerals.com

Coneto Silver-Gold Project,

Durango, Mexico

Coneto is situated around the town of

Coneto de Comonfort, Durango

, in north-central

Mexico

. It is

approximately 100 km north of the City of Durango and 25 km west of Argonaut's El Castillo Gold

Mine. This prolific trend hosts some of the world's largest silver camps and deposits, including

Fresnillo

Guanajuato

, La Pitarrilla, La Preciosa, Real de Angeles and

Zacatecas

. (Note:

Mineralization hosted on adjacent and/or nearby properties may not necessarily be indicative of

mineralization hosted on the JV's property.)

The Project consists of approximately 4,997 hectares (11,860 acres) of contiguous mineral

concessions and covers over 40 discrete mineralized low to intermediate-sulphidation epithermal

quartz veins. Excellent infrastructure exists in the Coneto area, including paved road access,

electrical power, water and manpower from nearby communities.

Ben Whiting

, P.Geo., is a Qualified Persons as defined in NI 43-101 and take responsibility for the

technical disclosure contained in this news release.

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. A third project is the Jumping Josephine Gold Project

British Columbia, Canada

. Orex is managed by an experienced group of highly qualified mining

professionals.

ON BEHALF OF THE BOARD OF DIRECTORS

John Eren

President and CEO

STAY CONNECTED

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FORWARD LOOKING STATEMENTS

This News Release may contain forward-looking statements including, but not limited to,

statements with respect to the planned program and budget for the Project. Forward-looking

statements address future events and conditions and therefore involve inherent risks and

uncertainties. Actual results may differ materially from those currently anticipated in such

statements and Orex undertakes no obligation to update such statements, except as required by

law.

For additional information on risks and uncertainties, see the Company's most recently filed annual

management discussion and analysis ("MD&A"), which is available on SEDAR+ at

www.sedarplus.com

and on the Company's website at

www.orexminerals.com

. The risk factors

identified in the MD&A are not intended to represent a complete list of factors that could affect the

Company.

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.

SOURCE

Orex Minerals Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2025/12/c7522.html

%SEDAR: 00013850E

For further information:

For further information, please contact Orex Minerals Inc. at 604-687-

8566, email [email protected] or visit our website www.orexminerals.com.

CO: Orex Minerals Inc.

CNW 09:00e 12-MAR-25

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