Oremex Silver Inc. announces that its board of directors has declared a dividend-in-kind of 14,000,000 common shares held by it in the capital of Oremex Gold Inc. The Company intends to pay the Dividend during the week of May 7, 2012 to the holders of record of the outstanding common shares of the Company at the close of business on April 30, 2012. The common shares of the Company will start to trade ex-dividend on April 26, 2012 (i.e. shares of the Company purchased on the TSX Venture Exchange on or after April 26, 2012 will not be eligible to receive the Oremex Gold Shares as a dividend-in-kind). The Company would like to remind all holders of Company options or warrants who intend to exercise their securities and participate in the Dividend that they should proceed to do so well in advance of the ex-dividend date in order to ensure that they are eligible to receive the Dividend.