Vancouver, BC – Orex Minerals Inc. – (TSX.V: REX – OTCQX: ORMNF) (“Orex”), is pleased to announce that they have signed a non-binding letter of intent (“LOI”) with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”) and Pan American Silver Corp. – (TSX: PAAS – NASDAQ: PAAS) through its subsidiary Plata Panamericana SA de CV (“Pan American”) to advance exploration in the Sandra Escobar Mining Camp, northern Durango State, Mexico.
Gary Cope, President of Orex states, “We are very pleased to bring in a respected and major mining company, as their involvement validates Sandra Escobar and there is still potential for significant upside at the project. We look forward to working closely with both our partners and unlocking future value for our shareholders.”