Explor Resources Inc.
TSX VENTURE : EXS

Explor Resources Inc.

January 18, 2008 15:00 ET

Explor Resources Increases East Bay Gold Property

ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 18, 2008) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of twenty (20) Mineral Claims (253 hectares), contiguous and to the northeast of its existing East Bay gold property in the Rouyn-Noranda mining district. This acquisition is in line with the company's strategy of increasing its property along the Porcupine Destor Fault Zone (PDFZ), where several notable gold deposits have been found in the past, including the Timmins mining camp which produced more than 56 million oz of gold. The company now owns 1,262 ha of land (3 km) along the PDFZ. The East Bay property is approximately 0.5 km west of the former Consolidated Beattie and Donchester Gold Mines, which produced over 1.0 million oz of gold between 1933 and 1956.

A two-phase exploration program is planned for the East Bay property. Phase I is designed to determine the location of the structural targets via magnetic and VLF geophysics. Phase II will consist of diamond drilling on the identified target(s).

Explor Resources Inc. will pay $12,000 at signing and will issue 125,000 common shares to acquire a 100% interest in the additional claims of the East Bay property. The Optionees have retained a 2.0% NSR in the property.

Geological Context & Mineralization

The mineralization on the East Bay gold property is similar to the Beattie Island within Lac Duparquet and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment.

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. The company is currently focused on exploration in the Abitibi Greenstone Belt, which is found in Ontario (33%) and Quebec (67%). 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. Explor is headquartered in Quebec and was incorporated in Alberta in 1986. Chris Dupont P.Eng is the qualified person for Explor Resources Inc. Explor Resources Inc. is a publicly-listed company trading on the TSX Venture Exchange under the symbol 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.

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