Dow Jones Utilities 280.22 -2.38 10:47 am PST, April 07, 2004 Dow Jones Spot 191.77 + 0.00 For info, visit access.smallcapnetwork.com Philadelphia Gold & Silver 103.17 +0.75 VOLUME 01: ISSUE 03 Amex Oil 595.63 -0.20 To be removed, please click here.   Trading Alert: Oremex Resources - Emerging Silver SmallCap Digest Natural Resource readers are among the first to hear of this emerging silver company. Oremex Resources (TSXV: ORM) trades on the Toronto Stock Exchange Venture market--in Canadian dollars-- under the symbol (on Yahoo) ORM.V. We will discuss how and where to get quotes, how to trade the shares and the foreign exchange considerations below. Upon examining Oremex's extremely experienced management, properties and prospects against an extremely favorable outlook for silver, we firmly believe that accumulation of the shares between C$1-$1.30 (75-85 cents) is warranted by risk-oriented investors. Oremex shares have been in a trading range of between C$0.80 and C$1.28 since the company's listing debut in November 2003. Once the shares garner more attention-- as drilling results are announced and the potential of the silver market becomes even more apparent to investors-- that trading range will likely be broken to the upside. The shares appear to be in a nice uptrend and a break past the old high of C$1.28 would likely evidence significant further price progress (see chart below). Our reasons for focusing on a silver company are detailed in our recent piece "Silver: No Longer in Gold's Shadow". Have a read for background. Salient points: Listed as an IPO in November 2003 at C$0.50 cents.  19 million shares outstanding (24 million fully diluted). The trading float as of April 1st 2004; 13 million shares. An experienced management team that is second to none in the mining business. Flagship property (Tejamen) in the extremely silver-rich Durango area of Mexico. (Mexico is the largest silver producer in the world) Current indicated resources of 22 million ounces silver (grading 89g/t) and 49,000 ounces gold (grading 0.2g/t) Focused 117 hole grid drilling program that commenced in December at Tejamen has had very impressive initial results (first 8 holes) of 52 to 145 g/t over intervals of up to 66 meters More drilling results expected shortly. Exploration portfolio includes three other Mexican target properties in the Durango State and one in Zacatecas State. Company has the exclusive right to acquire 100 percent of its current silver exploration portfolio for a very reasonable US$2 million in payments until July 2006 Recently announced C$5.5 private placement (release attached) The reason Oremex has come out of the gate so strongly--right properties, right commodity, right timing--is simple; management. The team behind the company could hardly be stronger. Starting with Chairman Tony Harvey along with President and CEO Dale Scholz and Director Henry Scholz--to name just a few--the Oremex team brings an incredible wealth of experience and success.  Mr. Harvey has over 40 years of experience engineering and developing mines and was a founder and executive of publicly traded AZCO Mines. He has a history of identifying properties that 'have legs' and surrounding himself with the best people possible. His global contacts range from Governments to financial institutions and the media.  Messrs. Dale and Henry Scholz are highly respected in the industry and their resumes include successes with such high-profile names as Wharf Resources, Placer, Kennecott (now Rio Tinto) as well as a plethora of mining engineering and operations expertise. The Oremex team demonstrates a pedigree that is well versed in running successful public companies as well as finding and developing significant deposits. Precious metal companies have always been more about the 'who' rather than the 'what'.  An example of past success (among many).  As a founder of AZCO in 1988, Tony Harvey took this copper play from a junior concern at 20 cents through property and mine development doing significant deals and joint ventures (in the 10's of millions of dollars) with Phelps Dodge (NYSE: PD). Under his stewardship, the shares moved to $5.00 a share prior to his departure in 2000. The ability of these proven professionals to do deals as well as find and develop deposits was established long ago. Now, they have joined forces and brought that expertise to Oremex. More extensive bios as well as in-depth corporate information (and well worth the trip) are available at www.oremex.com. I have to say, the corporate site is very clean, informative and updated in a very timely fashion.  Tejamen (pronounced: Te hey man). The Tejamen property isn't just some 1672-hectare dirt field. The area has had extensive drilling and exploration done dating back to the 1800's. The Durango area is well known as an extremely rich silver play. Oremex is spending C$1.3 million to grid drill a117 hole program on 21 mining concessions on the property.  Previous drilling has, to date, shown the presence of a large silver/gold bearing system with high-grade feeder zones. With drilling results expected shortly, the delineation of the Tejamen reserves and Oremex's program will likely be further borne out. The company intends to employ bulk-tonnage, open pit mining techniques to the property. As we have often said, investors who wait for drilling results before making even an initial purchase tend to miss the most profitable opportunities. While junior mining ventures evidence a high degree of risk, we believe that Oremex's current drilling program will prove up the significant value of the Tejamen deposits. Couple that with management's experience and expertise and Oremex stands out as a superior choice for accumulation by risk-oriented investors. SmallCap Digest Natural Resource will continue to follow and report on corporate developments and drilling results to come at Oremex. For more information, Oremex's Investor Relations contact is Sandy Buschau at (604) 683-5651. Her email is; sandy@oremex.com A Primer for trading Canadian stocks Finding quotes for Oremex Our Homepage http://access.smallcapnetwork.com (symbol V.ORM) Or http://www.smallcapcenter.com  (symbol V.ORM) Or http://finance.yahoo.com   (symbol ORM.V) AOL members; click the quotes tab, select symbol lookup, then select 'Canadian stocks' from the pull down menu next to the symbol window and put in ORM. I believe that the symbol can be put into a portfolio and trading alerts initiated. Or just use your browser and go to one of the other sites noted Trading suggestions: 1. Contact Ben Johnson, President of First Securities in Portland at (800) 547-4898 or (503) 723-4404. or email him with any questions at BENJGOLD@aol.com Ben (who specializes in junior mining shares) and his folks will be able to facilitate your trade in Oremex--or, for that matter, any other domestic or international security. 2. US residents can't trade Canadian stocks online. Instead, you'll have to call your online/discount broker and ask them to facilitate the trade. Full service brokers, as well as the likes of Ameritrade, Schwab and Waterhouse should be able to place the order. Execution may cost you a bit more than online, but worth it, especially if you are using limit orders. Exchange rate considerations C$1= US$0.75 cents Multiply any trading prices both for Oremex quotes and/or orders by .75 to get the US$ equivalent. For example: Oremex closed at C$1.12 a share on Tuesday. The US$ equivalent is C$1.12 multiplied by .75 which equals US$0.84 a share. (All calculations approximate, but close). Also note that the Canadian dollar can be volatile. Whenever you trade in any foreign currency, there are exchange rate risks. In the short term, depending on size of trade, these are fairly minimal, but if you plan a large commitment in any foreign denominated security, those rates should be watched closely. That should cover the housekeeping details. Stay tuned for more silver news to come.     Press release Oremex to Raise $5.5 Million in Private Placement Financing Friday April 2, 3:45 pm ET TSX Venture Exchange: ORM www.oremex.com VANCOUVER, April 2 /PRNewswire-FirstCall/ - Oremex Resources Inc. announces that it plans to raise CAD$5.5 million in private placement financing in anticipation of expanding the current drill-hole program on the Tejamen Silver Property located in the State of Durango, Mexico. The Company has engaged Canaccord Capital Corporation and First Associates Investments Inc., to act as Agents in a brokered private placement of up to five million units at CAD$ 1.10 per unit for a total of CAD$ 5.5 million. Each unit will consist of one common share and one half warrant, each full warrant giving the holder the right to purchase an additional common share at CAD$ 1.25 within a twelve month period. The shares and any shares issued upon exercise of the warrants will be subject to a 4 month hold period. A 8.0% cash commission, of which the Agents may elect to be paid up to half in units (having the same terms as the Units offered) and Agent's warrants equal to 10% of the offering sold entitling the Agents to acquire one Unit at the Offering Price for a period of one year from closing. The private placement is subject to TSX Venture Exchange acceptance. In addition, Oremex reports that additional drill-hole results have been delivered for assays and details will be released when all assays have been received. Oremex Resources Inc. is a Vancouver, Canada-based resource company which holds the right to acquire a 100% interest in six mineral properties in Mexico. Oremex combines an accomplished management team and is currently conducting a 117 hole drill program that commenced in December 2003 on the Tejamen Silver Property located in the municipality of Nuevo Ideal, in the state of Durango, Mexico. The property is comprised of 21 mineral exploration concessions totaling approximately 1,672.05 hectares. Website:  www.oremex.com For more information, please contact: James Yates, CFO or Sandra Buschau, Manager, Corporate Communications, sandy@oremex.com , T. 604 683 5651 F. 604 684 9365 The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.   Source: Oremex Resources Inc.    We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130 Unsubscribe Here   D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. 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