Developing Silver

Resources in Mexico

TSX VENTURE: OAG OTCQX: ORAGF FRANKFURT: OSI

Q3 2012

2 TSX VENTURE: OAG

• This presentation is prepared by Oremex Silver Inc. (OAG – TSX.V) and Oremex Gold Inc.

(OAU – TSX.V). Management of Oremex are solely responsible for content and format. Management has

compiled this presentation from industry information and 43-101 reports and news releases with specific

underlying Qualified Persons as set out in the Releases and reports. Industry Information has been

compiled from publically available sources and may not be complete, up to date or reliable.

• This presentation contains forward-looking statements within the meaning of Canadian and U.S. securities

laws. Such forward looking statements are subject to risks and uncertainties which could cause actual

results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to,

the Company’s ability to raise capital to fund development and exploration, changes in general economic

conditions or financial markets, changes in metal prices, general cost increases, litigation, legislative,

environment and other judicial, regulatory, political, competitive developments in Mexico, technological and

operational difficulties or inability to obtain permits encountered in connection with The Company’s

exploration activities, community and labour relations matters and changes in foreign exchange rates, all of

which are described in more detail in the Company’s filings with the Canadian Securities Regulators.

• This presentation is for information purposes only and is not a solicitation. Please contact the Company for

complete information and consult a registered investment representative / advisor prior to making any

investment decision.

• Investors are urged to consider closely the disclosure in Oremex’s annual and quarterly reports and other

public filings, accessible through the Internet at www.sedar.com

• Although the Company believes many of its properties have promising potential, its properties are in the

early stages of exploration. None have yet been shown to contain proven or probable mineral reserves.

There can be no assurance that such reserves will be identified on any property, or that, if identified, any

mineralization may be economically extracted.

Forward Looking Statement

3 TSX VENTURE: OAG

• Oremex Resources Inc. was renamed Oremex Silver Inc.

in Q3, 2011 to reflect pure silver focus

• Spin-out of gold projects was listed as Oremex Gold

Inc. (OAU – TSX.V)

• Portfolio of silver projects includes mineral resource of

50.8M oz. of silver (22 Mt at 69 g/t Ag) with P.E.A. at the

Tejamen project

• All projects are in mining and capital-friendly jurisdictions

• Declared a dividend-in-kind of 14M common shares of

Oremex Gold

• Experienced board and management team

• Successful track record of mine development in Mexico

with seasoned ability for new project evaluation and

acquisition

Company Overview

3

Focus on the exploration and development of silver projects

along the highly productive mineralized belt that made Mexico the

largest silver-producing country in the world

4 TSX VENTURE: OAG

MICHAEL R. SMITH, R.G. – PRESIDENT AND CEO Mr. Smith is a geologist with significant international mining operations experience.

Previously, Mr. Smith served as Chief Mine Geologist for Barrick Gold Corp. at the Goldstrike

Mine in Nevada. He subsequently became General Manager of Exploration and

Development for Barrick Gold in South America. Mr. Smith also managed design and

operational aspects of engineering geology and has been involved in all aspects of ore

reserve calculations, parameters and block modeling

PAUL HABER, CA, CPA, C.DIR – CHIEF FINANCIAL OFFICER Mr. Haber is both a CA and CPA with significant amount of public company experience. Over

the last decade, Mr. Haber assisted in building a number of companies at the CFO level. He

also sits on several board of directors within the resource industry

CARLOS E. PACHECO – GENERAL MANAGER

Mr. Pacheco is a geologist with 20 years of experience in exploration, development and

operation with major Mexican and Canadian junior mining companies. Carlos has extensive

experience in community relations and business development

Management Team

5 TSX VENTURE: OAG

JOHN CARLESSO – EXECUTIVE CHAIRMAN

Mr. Carlesso is the President of Cervello Capital Inc., a Toronto-based private merchant

bank. He has extensive experience as a founder, director and an executive with several

junior resource companies throughout Latin America and internationally

DAVID PRINS – DIRECTOR

Mr. Prins is an engineer with 12 years experience with Placer Dome Latin America where he

played a significant role in the Feasibility Studies for the Cerro Casale and Pueblo Viejo

projects. David has an outstanding record in the areas of Mine Safety and the Environment

DAVID A. TERRY, PH.D., P.GEO. – DIRECTOR

Mr. Terry is a geoscientist with over 20 years of international experience in the mining sector

and has held positions with a number of senior mining companies including Hemlo Gold

Mines, Cominco and Gold Fields. He specializes in advanced project evaluation, acquisitions

as well as design and implementation of exploration programs

Board of Directors

6 TSX VENTURE: OAG

Basic Shares Issued . . . . . . . . . . . 122.8 million

Stock Options Outstanding . . . . . . . . 8.9 million

1.95 million @ $0.10

0.6 million @ $0.15

3.1 million @ $0.32

0.25 million @ $0.26

3.0 million @ $0.19

Warrants Outstanding . . . . . . . . . . . . 13.3 million

0.7 million - Exercisable @ $0.17 expiry Dec. 2012

2.3 million - Exercisable @ $0.16 expiry May 2012

6.7 million - Exercisable @ $0.14 expiry Sept. 2012

3.6 million - Exercisable @ $0.14 expiry Oct. 2012

Fully Diluted Shares . . . . . . . . . . . . . 145 million

Share Capitalization (May 25, 2012)

* All prices expressed in C$

7 TSX VENTURE: OAG

Tejamen

El Sol Chalchihuites

San Lucas

OREMEX SILVER INC. Project locations

Silver Project Portfolio

Oremex Silver Portfolio

TEJAMEN (Durango State)

• Flagship property with

50.8M oz., 43-101 mineral

resource with P.E.A.

• Potential to expand resource

CHALCHIHUITES (Zacatecas State)

• Skarn and carbonate replacement

deposits (CRD) manto system

with past production of

high-grade silver-zinc-lead

• Grades up to 3,800 g/t silver,

0.99 g/t gold + 1.6% Pb

• Completed initial underground

drill program, underground and

surface mapping and sampling

• Initiating follow-up ~1,600m

underground and ~4,350m surface

drilling program

• On strike with and adjacent to First

Majestic Silver’s (NYSE: AG) Del Toro

Project (within 4 km)

TEJAMEN (Durango State)

• Flagship property with 50.8M oz. Ag

(22Mt at 69 g/t Ag), 43-101 mineral

resource with P.E.A.

• Potential to expand resource

CHALCHIHUITES (Zacatecas State)

• Skarn and carbonate replacement

deposits (CRD) manto system with past

production of high-grade silver-zinc-lead

• Grades up to 3,800 g/t Ag, 0.99 g/t Au,

+ 1.6% Pb

• Completed initial underground drill

program, underground and surface

mapping and sampling

• Initiating follow-up ~4,350m surface

drilling program

• On strike with and adjacent to First

Majestic Silver’s (NYSE: AG) Del Toro

Project (within 4 km)

8 TSX VENTURE: OAG

Tejamen

El Sol Chalchihuites

San Lucas

OREMEX SILVER INC. Project locations

Silver Project Portfolio

SAN LUCAS (Durango State)

• 66 hole, 10,000m drilling program

completed

• Similar geology to Tejamen but with

base metals

• Further drilling to establish resource

and follow up high grade zones,

1,856 g/t silver

EL SOL (Durango State)

• Potential for silver-rich, base metal

skarns and CRD

• Adjacent to Cerro Las Minitas

(763,830T @ 211 g/t Ag, 5.2% Pb,

7.17% Zn)

• Cerro Las Minitas acquired by

Southern Silver Sept 23/10 for $3M

+ $3M expenditures

• Strong IP geophysics demonstrate

excellent drill targets

9 TSX VENTURE: OAG

• Key silver valuation component and flagship

project

• Oremex Silver owns 100% mineral rights

• Surface access being negotiated

• Wardrop Report (2006) defines 50.8M oz. Ag

• 22Mt at 69 g/t Ag

• Snowden Report (2006) outlines viability of

open pit, heap leach operation

• 10,000 TPD

• Estimated CapEx USD $45 million

• 2:1 strip ratio

• 3.5 - 4.0M oz. silver per year

• Operating cost scenario of $5.75/ tonne

• Cash operating cost of $4/ oz. Ag

• Block model shows Los Mantos remains open to the south and east

• Significant exploration upside in feeder veins beneath both Los Mantos and Cerro Prieto

deposits, grades to 6m of 1,400 g/t silver, with about 5% lead & zinc

Tejamen: Preliminary Assessment

10 TSX VENTURE: OAG

Tejamen: NPV (7% discount)

CAPITAL

(US $ Million)

AG RECOVERY

%

SILVER

US$ /oz

GOLD

US$ /oz

NPV

(US $ Million)

45 70 8 500 19.2

45 70 10 550 58.6

45 70 12 600 97.4

45 70 15 650 155.5

Source: Snowden (2006)

45 70 25 1300 298.3

45 70 30 1300 372.6

45 70 35 1300 446.9

11 TSX VENTURE: OAG

Tejamen: Target Locations

• Completed 36,318m

of drilling

• Defined two primary

targets: Los Mantos

and Cerro Prieto

• Los Mantos drill

result highlights :

• Hole MMT-141:

80m at 417 g/t Ag

• Hole MMT-101:

89m at 621 g/t Ag

View of Cerro Prieto and Los Mantos with drill holes

Cerro Prieto Upper

Cerro Prieto Lower

Los Mantos

Pueblo Fault

12 TSX VENTURE: OAG

Tejamen: Site Map

• Located close to

Tejamen town with

400 people

• Power and water

access

• Year-around access:

at a low elevation and

in easy to access

topography

• Mining-friendly

jurisdiction with

no violence

Vein outcrops

CERRO PRIETO

Perimeter potential

LOS MANTOS open pit

13 TSX VENTURE: OAG

Tejamen: Ore Body Geological Section

Opportunity for upside to

expand the resource by

drilling the South Eastern

area of the project with high

grade mineralisation

SECTION FROM

WARDROP

ENGINEERING

14 TSX VENTURE: OAG

Tejamen: Exploration Potential

DRILL

HOLE NO.

INTERCEPT

INTERVALS METERS

AG

GRADE

TJBD - 6 166 -172 6.00 1,400

MMT - 149 168 -170 2.00 448

MMT -150 134 – 136 2.00 1,355

MMT -142 160 – 162 2.00 806

MMT - 156 110 - 112 2.00 773

LOS MANTOS FEEDER

VEIN INDICATIONS

15 TSX VENTURE: OAG

Tejamen: Community Infrastructure Program

Oremex Silver is committed to responsibly

conducting our business to deliver long-term

benefits for the communities we operate in

• Beginning in 2009, current management of

Oremex Silver began establishing positive

community relations with the local Tejamen

town population

• The company employed local labour for

various opportunities

• Due to the success of the program, the

vast majority of the Tejamen Community supports

Oremex Silver and the development of the project

• Together with the Tejamen Community

Association, Oremex Silver is in the process

of negotiating surface access

• A decision from the Secretaria de la Reforma

Agraria is expected in the future

16 TSX VENTURE: OAG

Chalchihuites Silver Project

• Located on the north edge of the Chalchihuites silver

district where historic, high-grade silver, lead and zinc

production came from veined manto deposit

• Eight concessions total 440 hectares

• Initial 4 hole, 525 m underground drill program

completed Q1, 2012

• Highlights of the mineralized intervals include:

• 5.5 m of 212.26 g/t Ag containing

1.7 m of 563 g/t Ag

• 5.4 m of 28.56 g/t Ag and 0.82 g/t Au comprising

of 1.4 m of 56.6 g/t Ag and 2.54 g/t Au

• Sample values:

• 2,000 - 3,540 g/t Ag, 0.011 - 3.405 g/t Au,

0.020 - 13.2% lead and 0.012 - 5.4% zinc

• Exploratory surface drill program anticipated to

commence

17 TSX VENTURE: OAG

Chalchihuites Silver Project

• Two parallel silver/ gold/ base metal mineralized shear zones, separated by approx. 100m

• Mineralization can be traced over a WNW zone with a map area of approx. 900 m long

by 200 m wide

• The shear zones have proven vertical extent of about 300m and 75m along strike

length

• Veins, breccias and mantos on Chalchihuites project are similar to those of First Majestic

Silver Corp. (NYSE: AG) and Pan American Silver Corp. (TSX: PAA)

• On strike with and adjacent to First Majestic Silver’s Del Toro Project (within 4 km)

North view of the Purisima mine located at the middle of the project.

Purísima

mine Santa María

mine

First Majestic’s

Dolores mine

18 TSX VENTURE: OAG

Value Underpinning Oremex

Silver Unchanged

19 TSX VENTURE: OAG

• Management with a successful track record of mine discovery, exploration and

development in Mexico and seasoned ability for project evaluation and acquisition

• Highly prospective portfolios of silver assets with substantial exploration upside

• Tejamen asset underpins the value of the company and provides a “call option” on

price of silver

• Spin-out of Oremex Gold to unlock unrecognized value

• Oremex Silver shareholders to receive Oremex Gold share dividend

• All projects are located in a democratic, mining and capital-friendly jurisdiction

• Dedicated to building a discrete, legitimate growth platform

Overview

Contact Information

TSX VENTURE: OAG OTCQX: ORAGF FRANKFURT: OSI

1200 - 333 Bay St. | Toronto, ON M5H 2R2 | T: +1 (416) 309.4321

info@oremexsilver.com

www.oremexsilver.com