Explor Resources Inc.

Explor Resources Inc.

April 25, 2008 13:00 ET

Explor Increases Montrose Property

ROUYN-NORANDA, QUEBEC--(Marketwire - April 25, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of thirty-four (34) contiguous mineral claims situated in Montrose Township in the Larder Lake mining division, district of Cochrane, province of Ontario. These claims are near the Montrose/Midlothian Property which acquisition was previously announced (July 17, 2007).

Explor Resources inc., will pay a total of $7,500 CDN and issue 50,000 common shares at signature for an Option to acquire 100% interest in the Montrose additional mineral claims. The Optionees have retained a 1.0% NSR in the property. This acquisition is subject to regulatory approval.

The Claims are located in the south eastern part of Montrose Township approximately 8 kilometres northwest of the town of Matachewan. The property is approximately 64 km west of the city of Kirkland Lake, Ontario. Excellent access is provided by Hwy 66 from Kirkland Lake. The additional claims will increase Explor's land position to 3432 contiguous hectares in the area. The most obvious feature in the area is the Young Davidson Mine 10 kilometres to the east of the property. Northgate has reported exploration results up to 46.8 grams/tonne over 9.1 meters on their Young Davidson Property, as per the Northgate press release dated December 20, 2007.

The property is located in a greenstone belt composed mainly of sequences of meta-sedimentary rocks descriptively similar to the Temiskaming meta-sedimentary rocks found in the Kirkland Lake area. The area is characterized by a wide northeast deformation zone of shearing. The claims are located in an area with very little overburden. A series of untested airborne anomalies have been observed on the property.

Explor plans on conducting a two phase exploration program. Phase I is designed to better determine the location of the structural targets via review of existing technical information, ground exploration, outcrop sampling and geophysics. Phase II will consist of diamond drilling the identified target or targets.

Chris Dupont P.Eng is the qualified person responsible for the information contained in 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. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.

Explor Resources Inc. is a public listed company trading on the TSX Venture (EXS).

This press release was prepared by Explor Resources inc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Explor Resources Inc.
    Christian Dupont, President
    800-388-8668 or 819-797-4630
    1-819-797-6050 (FAX)