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To: Claude Cormier who wrote (62167)	9/22/2006 11:20:06 PM
From: Rocket Red	Respond to of 312594

Orex arranges $1-million private placement 2006-09-22 20:12 ET - News Release Shares issued 22,541,100 REX Close 2006-09-22 C$ 0.53 Mr. Gary Cope reports OREX ANNOUNCES $1,000,000 PRIVATE PLACEMENT Orex Ventures Inc. has arranged and filed with the TSX Venture Exchange for acceptance, a private placement consisting of four million units at a price of 25 cents per unit. Each unit comprises one common share and one-half of a transferable share purchase warrant. Each whole warrant is exercisable into an additional common share for a period of 18 months from closing at a price of 30 cents per share. The proceeds of the private placement will be used for the continuing exploration program on the company's Pamel and Las Sorpresas mining properties, and for general working capital. The company has agreed to pay finders' fees of 7 per cent of the gross proceeds to various finders in consideration of their efforts in introducing placees to the company. The finders' fees will be satisfied by the issuance of 260,120 units to the finders, with each finders' unit having the same terms and conditions as the units issued under the private placement. All securities issued under the private placement are subject to a hold period expiring four months and one day from the closing date