Orex Grants Stock Options

May 3, 2017

OREX GRANTS STOCK OPTIONS

Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX -V) (" Orex") announces that it has granted an

aggregate of 2,950,000 incentive stock options to directors, officers, and consultants to purchase up

to 2,950,000 common shares in the capital of Orex. The incentive stock options have an exercise price

of $0.17 per share, expire five years from the date of grant and vest immediately. As a result of this

option grant, Orex has 10,730,000 stock options issued, representing 9. 5% of the issued and

outstanding share capital.

ABOUT OREX MINERALS INC.

Orex Minerals Inc. (TSX-V: REX) is a Canadian-based junior exploration company comprised of highly

qualified mining professionals. Orex has several current projects: the Coneto Gold -Silver Project in

Durango, Mexico, a joint venture with Fresnillo PLC, the Jumping Josephine Gold -Silver Project in

British Columbia, Canada, and the Sandra Escobar Silver Project in Durango, Mexico, with Canasil

Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope,

President

For further information, please contact Orex Minerals Inc. at (604) 687 -8566 x227, email

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

FORWARD-LOOKING INFORMATION

This News Release may contain forward-looking statements including but not limited to comments regarding the

timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential

mineral recovery processes, etc. 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.

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.