EXS Explor Resources Inc

This release is intended for distribution in Canada only and is not intended for
distribution to United States newswire services or for dissemination in the
United States


Explor Resources Inc. ("Explor" or the "Corporation") (TSX
VENTURE:EXS)(OTCQX:EXSFD)(FRANKFURT:E1H1)(BERLIN:E1H1) announces that it has
filed a preliminary short form prospectus with the securities commissions of the
following provinces of Canada: British Columbia, Alberta, Saskatchewan, Ontario
and Quebec, in respect of a rights offering to raise gross proceeds of
$8,193,298 (the "Rights Offering").


Each holder of record of Explor common shares ("Common Shares"), as of a record
date to be announced, will receive two rights (a "Right") for each Common Share
held. Each Right will entitle the holder thereof to acquire one Common Share at
a subscription price of $0.10 per Common Share (the "Subscription Price"). The
Rights Offering will include an additional subscription privilege under which
holders of Rights who fully exercise their Rights will be entitled to subscribe
for additional Common Shares, if available, that were not otherwise subscribed
for in the Rights Offering. The Rights will be exercisable for 21 days. The
record date and expiry date for the Rights Offering will be determined at the
time of filing of the final short form prospectus.


To subscribe for Common Shares, a completed rights certificate, together with
payment in full of the Subscription Price for each Common Share subscribed for,
must be received by the subscription agent for the Rights Offering, CST Trust
Company (the "Subscription Agent"), prior to the expiry date.


The Rights Offering is being made to holders of Common Shares in the provinces
of British Columbia, Alberta, Saskatchewan, Ontario and Quebec ("Qualifying
Jurisdictions"). Rights certificates and prospectuses will not be mailed to
holders of Common Shares resident outside of the Qualifying Jurisdictions
("Non-Qualifying Shareholders"). Non-Qualifying Shareholders will be sent a
letter advising them that their rights certificates will be issued to and held
by the Subscription Agent, which will hold those Rights as agent for the benefit
of all Non-Qualifying Shareholders. The Subscription Agent will attempt, on a
commercially reasonable basis, to sell the Rights of Non-Qualifying Shareholders
(other than those shareholders from whom Explor accepts subscriptions) over the
facilities of the TSX Venture (the "TSXV"). The Subscription Agent will mail
cheques representing the net proceeds, without interest, from such sales.


The Rights and Common Shares issuable upon the exercise of the Rights have not
been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"), and may not be offered or sold in the
United States or any of its territories or possessions or to U.S. persons.
Accordingly, subscriptions will not be accepted from any security holder or
transferee who is a U.S. person or resident in the United States, its
territories or possessions.


Explor will accept subscriptions from Non-Qualifying Shareholders, other than
holders resident in the United States, if they satisfy the Subscription Agent
and the Corporation that such offering to, and subscription by, such holder or
transferee, is lawful and in compliance with all securities and other laws
applicable in the jurisdiction where such holder or transferee is resident. A
Non-Qualifying Shareholder in a jurisdiction other than the United States who
meets these requirements and wishes to exercise Rights must complete and deliver
a request for exempt purchaser status, which will be provided in the materials
sent to such shareholder.


Further details concerning the Rights Offering and the procedures to be followed
by holders of Common Shares are contained in the preliminary prospectus
available on the Corporation's profile at www.sedar.com. The preliminary
prospectus is still subject to completion or amendment. There will not be any
sale or any acceptance of an offer to buy the securities until a receipt for the
(final) prospectus has been issued.


The Rights and the Common Shares issuable on exercise of the Rights will not be
and have not been registered under the U.S. Securities Act, and may not be
offered or sold in the United States or to, or for the account or benefit of, a
U.S. person, absent registration or an applicable exemption therefrom. This news
release does not constitute an offer to sell, or the solicitation of an offer to
buy securities in any jurisdiction, including the United States, or to or for
the account or benefit of U.S. persons absent U.S. registration or an applicable
exemption therefrom, nor shall there be any sale of the securities in any state
in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.
"United States" and "U.S. person" are as defined in Regulation S under the U.S.
Securities Act.


Explor Resources Inc. is a publicly listed company trading on the TSX Venture
(EXS), on the OTCQX (EXSFD) and on the Frankfurt and Berlin Stock Exchanges
(E1H1).


This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the Policies of the
TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or
accuracy of this release.


About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral
holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently
focused on exploration in the Abitibi Greenstone Belt. The belt is found in both
provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in
Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and
450,000,000 tonnes of cu-zn ore over the last 100 years. 


This document may contain forward-looking statements relating to Explor's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Explor's control. A number of important factors could
cause actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public filling.
In addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not be placed on such forward-looking
statements. Explor disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities
laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Christian Dupont, President
Tel: 888-997-4630 or 819-797-4630
819-797-6050 (FAX)
website: http://www.explorresources.com/


Investor Relations:
Gary Lindsey, North America: Ph: 1-720-273-6224
Michael Adams, Europe : E-mail: info@star-ir.com

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