Orex Announces Grant of Options

Orex Announces Grant of Options

VANCOUVER, BC

,

Dec. 22, 2021

/CNW/ -

Orex Minerals Inc.

(TSXV: REX) (OTCQB: ORMNF)

(the "

Company

" or "

Orex

") announces that it has granted an aggregate of 3,600,000 incentive stock

options to directors, officers, and consultants to purchase up to 3,600,000 common shares in the

capital of Orex. The incentive stock options have an exercise price of

$0.10

per share, expire five

years from the date of grant, and vest immediately. As a result of this option grant, Orex has

12,500,000 stock options outstanding, representing 6.7% of the issued and outstanding share

capital of the Company.

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. The third project is the Jumping Josephine Gold

Project in

British Columbia, Canada

. Orex is managed by the experienced Belcarra Group

Management Ltd. (the "

Belcarra Group

"), comprised of highly qualified mining professionals.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/

Ben Whiting

Ben Whiting

President

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the

adequacy or accuracy of the content of this press release.

View original content:

https://www.prnewswire.com/news-releases/orex-announces-grant-of-options-301450217.html

SOURCE

Orex Minerals Inc.

View original content:

http://www.newswire.ca/en/releases/archive/December2021/22/c9708.html

%SEDAR: 00013850E

For further information:

please contact Orex Minerals Inc. at 604-687-8566, email

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

CO: Orex Minerals Inc.

CNW 19:59e 22-DEC-21