CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 28, 1999--Orex Gold Mines Corp.
(OTCBB:ORXX - news) is pleased to announce that it is has signed a Letter of Intent with
Golden River Resources Inc. (OTCBB:GDRV - news).
The Letter of Intent will allow Orex and GDRV to negotiate and enter into a definitive agreement with respect to the
contemplated Joint Venture Agreement. Golden River Resources Inc. has several gold claims/properties situated in the State of
Durango, Mexico. Golden River intends to utilize Orex's licensed gold technology for processing ores.
Golden River Resources intends to introduce the technology to the Mexican Mining Industry and GDRV's partner, Minera
Fuerte Mayo, S.A. de C.C. Inc. Minera Fuerte has extensive mineral claims throughout Mexico. This is the first step for Orex
to introduce its licensed technology in neighboring countries. President David St. Clair Dunn of Golden River Resources quotes:
''A gold extraction system that does not use cyanide or other environmentally harmful reagents has an enormous potential
market worldwide''.
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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