Press Release: Temex Resources : Oban Mining Elects Not to Pursue Temex Arrangement in Response to Offer from Lake Shore Gold

TORONTO, ONTARIO--(Marketwired - July 31, 2015) - Oban Mining Corporation (TSX:OBM) ("Oban") announced today that it has received notice of termination from Temex Resources Corp. ("Temex") of the arrangement agreement dated June 29, 2015 made between Oban and Temex (the "Temex Arrangement Agreement"). Oban has not exercised its right to match the Lake Shore Proposal and has received notice of termination from Temex together with a payment of the termination fee of $691,856.