Vancouver, BC — August 7, 2020 — Orex Minerals Inc. (“Orex” or the “Company“) (TSXV:REX) (OTCQB:ORMNF) is pleased to announce a non-brokered private placement offering of units of the Company (the “Units”) at a price of $0.15 per Unit (the “Offering Price“) for aggregate gross proceeds of up to $5,500,000 (the “Offering“). Eric Sprott intends to subscribe for the entirety of the Offering.