Vancouver, BC – August 19, 2020 – Orex Minerals Inc. (“Orex” or the “Company“) (TSXV:REX) (OTCQB:ORMNF) is pleased to announce the closing of its non-brokered private placement (the “Offering“) previously announced on August 7, 2020. The Offering consisted of 36,666,666 units of the Company (the “Units“) issued to Eric Sprott at a price of $0.15 per Unit for aggregate gross proceeds of $5,499,999.90.