TORONTO, ONTARIO--(Marketwire - Aug. 15, 2011) -


Black Birch Capital Acquisition I Corp. (TSX VENTURE:BBC.P) ("Black Birch") is pleased to announce that, further to its press release dated July 29, 2011 (the "Prior Release") announcing the completion of its qualifying transaction (the "Transaction") with 7678576 Canada Inc. ("Oremex Gold"), Black Birch has received final acceptance of the TSX Venture Exchange the "TSX-V") in respect of the Transaction. Trading in the common shares of Black Birch on the TSX-V will resume on Monday August 15, 2011 under the trading symbol "BBC".

Subsequent to the closing of the Transaction, Black Birch intends to change its name to name to "Oremex Gold Corp." and to apply to the TSX-V for a new trading symbol. The name change was approved by Black Birch shareholders at its annual and special meeting of shareholders held June 30, 2011. Black Birch will provide further updates in this regard once additional details concerning its name change and new trading symbol are known.

The Prior Release indicated, among other things, that, in connection with the transaction: (i) Oremex Resources Inc. received 14,000,000 common shares and 2,000,000 warrants of Black Birch and a promissory note for $250,000 in exchange for 100 series 1 preference shares of 7678576 Canada Inc. ("Oremex Gold"), a wholly owned subsidiary of Oremex Resources Inc.; (ii) Oremex Gold amalgamated with 7834845 Canada Inc., a wholly-owned subsidiary of Black Birch (the "Amalgamation") with the amalgamated entity ("Amalco") becoming a wholly-owned subsidiary of Black Birch; and (iii) subscription receipt holders of Oremex Gold received 17,424,000 common shares and 8,712,000 warrants in Oremex Gold which, upon the Amalgamation, were converted on a one-to-one basis into common shares and warrants of Black Birch. Accordingly, as of the date hereof, there are 34,766,520 common shares of Black Birch outstanding.

About Oremex Gold:

Oremex Gold is a wholly owned subsidiary of Black Birch. Oremex Gold holds certain assets comprising the gold properties of Black Birch which includes the San Lucas, Santa Catarina, Maco and Navidad properties located in Mexico, all of which are considered by Black Birch to be promising, early-stage mineral properties. At this stage, preliminary exploration and development work has been conducted on these properties, however there can be no assurances that any significant mineralization will be discovered on any of these properties.

San Lucas is the material property of Oremex Gold, and is the subject of a technical report filed on National Instrument Form 43-101F1. The San Lucas property is located 86 kilometres north of the city of Durango and accessed via paved highway. The property consists of seven mineral concessions covering approximately 1,235 hectares. San Lucas consists of a series of northeast trending gold and silver mineralized shear zones in volcanic and sedimentary rocks. Black Birch has designed a drilling program based on field sampling and mapping. Field work has been focused to define drill targets to test the gold mineralization present in a silicified dacite dike, which outcrops extensively on the concessions. A total of 220 samples have been collected along the silicified dacite dike, which also has cross cutting mineralized dikes, significantly adding to tonnage potential. The dike has three more intensely mineralized segments; the 330m long North zone reports silver grades to 1,856 g/t and gold grades to 1.06 g/t, the 800m long Central Zone reports gold grades to 1.68 g/t and the 180m long South Zone reports gold grades to 0.82 g/t. The mapped strike length of the silicified dacite dike is 2.0 km. Access rights to the San Lucas property for a period of 30 years, renewable at the holder's option for another 30 years, have been secured. The work report was completed under the supervision of William Feyerabend, a Registered Geologist and a Qualified Person as defined in National Instrument 43-101.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.

Cautionary Note Regarding Forward-looking Statements

Certain statements contained in this news release may constitute forward-looking information, within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Oremex's public filings. Forward-looking information and anticipated events or results and can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of Black Birch, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Black Birch filings at and other unforeseen events or circumstances. Other than as required by law, Black Birch does not intend, and does not undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Black Birch:
John Carlesso
Executive Chairman
(416) 309-4322