TORONTO, Dec. 31, 2012 /CNW/ - Oremex Gold Inc. (the "Company" or "Oremex Gold") (TSX Venture: OAU) (Frankfurt: OM8) is pleased to announce the appointment of Mr. Michael Ivan, CA to the
position of Chief Financial Officer.
Mr. Ivan is a Chartered Accountant with extensive experience managing
the financial operations for both private and public companies. Mr.
Ivan began his career with Collins Barrow, where he was a key member of
the firm's public company group, with a particular focus on junior
resource companies. Throughout his career he has specialized in
auditing, internal controls, and financial reporting. He most recently
served as Corporate Controller for Oremex Gold and the Company expects
the transition to be seamless given Mr. Ivan's knowledge and
familiarity.
Mr. Ivan replaces Mr. Paul Haber. The Company would like to thank Mr.
Haber for his many years of contributions and wishes him all the best
in his future endeavours.
About Oremex Gold Inc.
Oremex Gold Inc. is a Canadian gold exploration and development company
created from the spin-out of gold assets owned by Oremex Silver Inc.
(previously Oremex Resources Inc.) in 2011. The Company has a portfolio
of gold properties in prolific mining regions of Mexico. Its two main
projects are Cerro del Oro, located in the historic Melchor Ocampo gold
district and Santa Catarina, located in the prolific Sierra Rosario
gold belt.
Forward Looking Information
Certain information contained in this news release, including any
information relating to Oremex Gold's future financial or operating
performance may be deemed "forward looking". All statements in this
news release, other than statements of historical fact, that address
events, developments, strategies, projects or plans that Oremex Gold
expects to occur, are "forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "predict", "forecasts", "intends",
"anticipates", "projects", "potential", "believes" or variations of
such words and phrases or statements that certain actions, events or
results "may", "could", "would", "should", "might" or "will be taken",
"occur", "be achieved" or "continue" or the negative connotation. All
such forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and are subject
to important risk factors and uncertainties, many of which are beyondOremex Gold's ability to control or predict. Forward-looking statements
are necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors
that may cause actual results, level of activity, performance or
achievements to be materially different from those expressed or implied
by such forward-looking statements. Such factors include, without
limitation: significant capital requirements for development and
operations; access to capital markets and other sources of financing
and associated cost of funds; receipt of all required regulatory and
other approvals; fluctuations in the international currency markets and
in the rates of exchange of the currencies of Canada, the United States
and Mexico; price volatility in the spot and forward markets for
commodities; impact of any hedging activities; discrepancies between
actual and estimated reserves and resources and between actual and
estimated metallurgical recoveries; changes in national and local
government legislation in Canada, Mexico and any other country in whichOremex Gold currently or may in the future carry on business; taxation;
controls, regulations and political or economic developments in the
countries in which Oremex Gold does or may carry on business; the
speculative nature of mineral exploration and development, including
the risks of obtaining and maintaining the validity and enforceability
of the necessary licenses and permits and complying with the permitting
requirements of each jurisdiction that Oremex Gold operates, including,
but not limited to, Mexico; the lack of certainty with respect to the
Mexican and other foreign legal systems, which may not be immune from
the influence of political pressure, corruption or other factors that
are inconsistent with the rule of law; the uncertainties inherent to
current and future legal challenges the company is or may become a
party to; diminishing quantities or grades of reserves; competition;
loss of key employees; actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; access to adequate services and supplies; accidents; labour
disputes; defective title to mineral claims or property or contests
over claims to mineral properties. In addition, there are risks and
hazards associated with the business of mineral exploration,
development and mining, including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins and
flooding (and the risk of inadequate insurance or inability to obtain
insurance to cover these risks); the ultimate ability to execute
business plans on economically favorable terms; as well as the Risk
Factors included in Oremex Gold's disclosure documents filed on and
available at www.sedar.com. Forward-looking statements are not guarantees of future performance,
and actual results and future events could materially differ from those
anticipated in such statements. All of the forward-looking statements
contained in this news release are qualified by these cautionary
statements. Oremex Gold further cautions that information contained on,
or accessible through, this website is current only as of the date of
filing such information and may be superseded by subsequent events or
filings. Oremex Gold expressly disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, events or otherwise, except in accordance with
applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange) has
reviewed or accepts responsibility for the adequacy or accuracy of this
news release.