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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (2163)	10/26/1999 8:34:00 AM
From: O'Brien	Read Replies (1) \| Respond to of 2392

Orex Gold Mines Corp. Plans Stock Buy-Back Orex Gold Mines Corp. Plans Stock Buy-Back Business Editors CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 26, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) is pleased to announce that it intends to re-purchase up to (5) five million shares of its common stock after production commences. The stock buy-back is anticipated to occur over a twelve month period or sooner. Orex's executive directors believe this transaction will benefit the overall stock structure and value of Orex Gold Mines. It is the continued goal of Orex to become a world-renowned mining company and to expand with new joint ventures and alliances. 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. --30--eb/ny* CONTACT: Orex Gold Mines, Coral Gables Investor Relations Contact: Greg Finney 305-444-5890 or Don Blackburn 520-668-0460