CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 7, 1999--Orex Gold
Mines Corp. (OTC BB:ORXX) is pleased to announce that it is has
entered into negotiations with a publicly traded junior mining
company. Discussions surround the potential of a Joint Venture between
the companies for the application of Orex's licensed gold recovery
technology (HGP) to a world class gold property, located in the
Durango State of Mexico.
The HGP technology is a non-hazardous alternative to the
conventional use of cyanide leaching and which may additionally
increases recovery yield.
Orex will make additional announcements as to terms and
conditions as they develop. Orex management believes that this
exciting project will be followed by additional interest in the
licensed technology, industry awareness and ultimately improve share
value in the market place.
This news release contains forward-looking statements as defined
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance and
underlying assumptions, and all statements that are other than
statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and
service demand and acceptance, changes in technology, economic
conditions, the impact of competition and pricing, government
regulation, and other risks defined in this document. These cautionary
statements expressly qualify all such forward-looking statements made
by or on behalf of Orex. In addition, Orex disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
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CONTACT: Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 305-444-5890
KEYWORD: FLORIDA INTERNATIONAL LATIN AMERICA
INDUSTRY KEYWORD: MINING/METALS
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