MONTREAL, QUEBEC -- (Marketwired) -- 09/10/13 -- OREX EXPLORATION INC. (the "Company")(TSX VENTURE: OX)(FRANKFURT: O5D) is pleased to announce that Willie McLucas has been appointed as President and CEO of the Company, effective immediately, by Orex's Board of Directors. He succeeds Mark Billings, who will remain as a director and as Chairman of the Board of the Company.
Willie McLucas is a mining financier with over 35 years' experience covering all aspects of the mining industry from exploration through to production in coal, gold and base metals. His experience has taken him to Australia, Bolivia, Chile, France, Kazakhstan, South Africa, Turkey and Zimbabwe. After an early career as a stockbroker and fund manager, his first appointment to the board of a listed company was with Perseverance Corporation in Australia. Perseverance developed the Fosterville mine outside Bendigo in Victoria, Australia.
Commenting on his appointment, Willie said: "After a career working with several Canadian companies, it is a pleasure to be able to join Orex and to focus on a Canadian project that offers the potential of the Goldboro property in Nova Scotia. I feel that the Goldboro property offers first-class potential to build a Canadian-focussed mining company. The history of Orex's property, as one of the earliest producers in Canada, and the exploration possibilities throughout Nova Scotia, provide an exciting opportunity to become not only a producer in the short-term but offers longer-term potential through exploration partially funded from internally generated revenues to build further resources in the Province."
The board of directors, as elected at the Company's annual general meeting of shareholders on May 27, 2013, includes: Mark Billings, Michael Dehn, Will Felderhof, Jacques Levesque (who is also CFO of the Company) and Claude Poulin. Willie McLucas joins the Company as President and CEO, and Julie Godard remains as Corporate Secretary of Orex.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The statements made in this news release that are not historical facts are `forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking" statements.
President and CEO
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Chairman of the Board
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