Canadian Company Spotlight

Orex Exploration Inc. is a Canadian-based junior resource and exploration company trading under the symbol OX on the TSX Venture Exchange and O5D on the Frankfurt Stock Exchange. The Company holds a 100% interest in the Goldboro Gold Project in Nova Scotia.

Profile

Orex Exploration Inc. is a Canadian-based gold mining exploration and development company listed on the TSX Venture Exchange (ticker symbol OX) (Frankfurt: O5D). The risk-reward characteristics are highly advantageous for investors establishing a long position in OX.V as their high-grade 800,000oz gold deposit at their 100% owned Goldboro Property in Nova Scotia, Canada is poised to sizably increase upon validation of their new geological model. It appears OX.V is highly undervalued relative to the inherent nature of the Goldboro property and its potential. Equally as important, Orex has a highly experienced and talented management team dedicated to maximizing shareholder value.

Orex's Goldboro project located in Guysbourough county Nova Scotia (on the N.E. tip of the mainland, approximately 185 kilometres northeast of Halifax), consists of 37 contiguous claims (600 hectares), in which Orex holds a 100% interest. The property is accessible by a 2.5 kilometre gravel road from the paved, all-weather Highway 316 which links the village of Goldboro to the town of Antigonish.

This August Orex released a 43-101 resource report at the 60% mark of their planned drilling (Orex has completed 12,000m out of an original 20,000m planned). The report was originally commissioned and designed to be stepping stone, providing a snapshot in order to determine how to best proceed. In the process of analyzing the data Orex decided to take a different tact, one they believe will be more beneficial for the company down the road. It was recommended and agreed that Orex changed focus from a high tonnage resource model to a new model that focuses on more economic parts of property with a higher grade cut-off and a new model that employs structural high-grade domains of gold that quantifies gold in zones around and between slates.

The current estimated gold resource under the new higher-grade cut off is ~800,000oz (397,200 gold ounces measured & indicated, 405,926 gold ounces inferred) -- This resource number is expected to be dramatically revised upwards as the latest resource estimate had to attribute 0 values for these structural high-grade domains of gold between slates under 43-101 regulations until assay data confirms what geologists have identified and understand to be there. Additionally, new drilling along an additional 1 km strike length, infill drilling, and bulk sampling will also contribute to validating the new model and provide a large increase in the gold resource estimate.

One of the unique features of the Goldboro property, which has been problematic in past attempts at defining the resource, is that Goldboro has a 'nugget effect' - the gold isn’t uniformly distributed in the slate belts and there is an inordinate amounts of visible gold, chunks of gold, on the property. Protocols agreed upon by the geologists recommending the new model have solved issues necessary in quantifying the gold and a new mineral resources estimate at the completion of the next series of drilling and bulk sampling will incorporate the information.

The current drilling campaign is chopped up into five separate phases; A, B, C, D, & E - The now completed AB&C drilling programs were on the eastern part of the property where the historical ramp is located, that’s where most of the drilling has occurred to date and east of that ramp area. The D&E programs are planned to look more on the western part of the property where a lot of historical drilling hasn’t been done.

The Company is trading at around the mid-way point of their 52 week range, it is a quite actively traded stock which seems to have stabilized after a significant price decline beginning in mid-July. Technically, most indicators are signalling that the stock is in oversold ranges, and the MACD is looking like it is going to be crossing at any moment. A technical breakout may be in the works for this stock, and given the fundamentals, this stock is worth watching closely over the next few weeks. As such, AllPennyStocks.com has chosen Orex Exploration Inc. (TSX-Venture: OX) as their latest Canadian Company spotlight and will be periodically updating their subscribers to this Company's developments.

History of Goldboro

• 1893-1912: Production of 54,871 Oz Gold (376,383 tonnes @ 4.53 g/t).
• 1988-1996: Cdn $19M in expenditures; 30M tonnes @ 0.7 g/t Gold.
• 2004-2006: 36,415 metres of drilling; new mineral resource estimate (43-101 compliant).

Mr. Mark Billings, President and CEO, Mr. Billings is presently the President and CEO of Orex Exploration Inc. (OX: TSX-V), a junior gold exploration company with properties in Nova Scotia. Mr. Billings also serves as President and CEO of Argex Silver Capital (RGX.P: TSX-V), a Capital Pool Company, which went public in July 2008. He is on the board of directors of a number of companies in Canada and the United States.

Prior to joining Orex Exploration, Mr. Billings served as Chief Financial Officer for private and public Internet companies from 2000 to 2006, as well as running his own financial consultancy, Marengo Management Inc. From 2004 to 2006, Mr. Billings was Vice-President of Corporate Finance with Desjardins Securities Inc., where he led a number of public and private financings and took companies public on the Canadian exchanges.

Mr. Billings has a Master of Business Administration degree, with honours, from the Harvard Business School, from where he graduated in 1995. He graduated with a Bachelor of Arts in Political Science, with highest honours, from Carleton University in Ottawa in 1992. In 2002, he was awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute in Charlottesville, Virginia.

Mr. Michael A. Dehn, Director, With over 17 years experience in the mining industry, Michael was President, CEO and Director of Nayarit Gold Inc. from September 2005 to April 2007. Between 1995 and 2005, he worked as an exploration geologist and later as a Senior Geologist with Goldcorp Inc. Michael has been a director and/or management of publicly traded and private junior mining companies, with listings on the TSX, TSX-V, CNQ, Frankfurt, Berlin, OTCBB and Pink Sheets. His expertise lies in grassroots to advanced minerals exploration, marketing and financing junior companies. Michael has worked in diamond, base metals, precious metals, industrial minerals, oil and natural gas, as well as sand, gravel and peat deposits, primarily in the Americas on private, public company and government projects.

Mr. Ali Abbas Ali Al-Hazeem, Chairman, Mr. Al-Hazeem is the Founder and Chairman of Amarium Commodities DMCC, a commodities brokerage and trading firm headquartered in Dubai (United Arab Emirates). Mr. Al-Hazeem is also a former director of the Kuwait Clearing Company S.A.K., of the Kuwait Real Estate Bank and of the Financial Group of Kuwait (Asset Management and Investment Banking Firm). He is a current Director and co-owner of Intercoil International Co. LLC, an industrial company based in Dubai. He was also a banker with Merrill Lynch International and with the Central Bank of Kuwait. Mr. Al-Hazeem is a venture capitalist and active investor on the Canadian markets. He received his MBA in financial studies from the University of Nottingham in the United Kingdom. He holds a Bachelor of Science in International Business Administration from the American University of Switzerland; furthermore he was an Adjunct Lecturer in finance at the American University of Dubai back in 1999. He was previously registered with the NASD, NYSE, CBOE and the Philadelphia Exchange (PHLX) as a general securities representative. Additionally, he was registered with the NFA and the CFTC as a commodities and futures representative. Mr. Al-Hazeem is also a director of Pershimco Resources (TSX-V: PRO) since October, 2006, and of Odyssey Petroleum (TSX-V:ODE) since August 2007.

Mr. Louis Lapointe, Director, Mr. Lapointe is the owner of a private forestry equipment export company. He worked until recently as a corporate finance and business development consultant with biotech and software companies as well as prime brokerage groups and a Montreal based investment bank. For the past three years he has been working extensively with small cap private companies seeking expertise in financial investment and corporate structure. He hold a BA in Business Administration.

Claude Poulin, Director, Mr. Poulin, chartered accountant and income tax specialist, is an independent consultant since 1998. From September 1979 to August 1998, he was associate and director of the income tax department for KPMG in Rouyn-Noranda.

David Hatchette, Director, Mr. Hatchette is a geologist graduated in 1985 from St-Francis Xavier University (Nova-Scotia). He has worked as geologist on the Company's Goldboro project from 1988 to 1990. He is currently working as a technical manager for an information and technology company.

Alex S. Horvath, P.Eng., Project Manager, Alexander S. Horvath, P. Eng. is a geological engineering graduate from the University of Toronto with over 26 years experience in the base and precious metals exploration and mining business. Mr. Horvath has wide ranging domestic and international experience having worked 20 years for Asarco Incorporated and or subsidiary companies in Canada, southwestern US, French Guiana, Portugal and Morrocco. During his tenure with Asarco and its subsidiaries, Mr. Horvath attained positions as Exploration Manager and VP Exploration. Mr. Horvath is also presently an officer and director of several companies including Champion Minerals Inc. (TSX: CHM) and A.S. Horvath Engineering Inc., a private company operated by Mr. Horvath offering professional engineering services to the exploration and mining industry.

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