Explorator Resources Inc.
TSX VENTURE : EXO

Explorator Resources Inc.

October 19, 2007 17:00 ET

Explorator Files Notice of Change of Auditor

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2007) - Explorator Resources Inc. (TSX VENTURE:EXO) announces that it has changed its auditors from Kenway Mack Slusarchuk Stweart LLP, Chartered Accountants ("KMSS") to McGovern, Hurley, Cunningham, LLP, Chartered Accountants ("MHC"). KMSS resigned and were replaced by MHC effective October 17, 2007.

The Company has sent a change of auditor notice (the "Notice") to each of KMSS and MHC and has received a letter from each of KMSS and MHC addressed to the securities commissions in each of British Columbia and Alberta (the "Commissions") and the TSX Venture Exchange stating that they agree with the information contained in the Notice. A copy of each letter from KMSS and MHC addressed to the Commissions and the TSX Venture Exchange will be filed on SEDAR with a copy of the Notice.

During the appointment of KMSS as the Company's auditors from the incorporation of the Company to November 18, 2007, there were no disagreements or unresolved issues with KMSS on any matter of audit scope or procedure, accounting principles or policies, or financial statement disclosure. During such period there were no consultations with respect to the foregoing matters.

It is the Company's opinion that there have been no reportable events within the two most recently completed fiscal years or for any period subsequent to the date the most recent audit report was issued and preceding the date hereof. KMSS did not have any reservation in their auditors' report for the financial statements for the Company's last two fiscal years or for any period subsequent to the date the most recent audit report was issued and preceding the date hereof.

ABOUT EXPLORATOR RESOURCES INC.

Explorator Resources is a Canadian-based mining exploration company focused on building a strong position of copper-gold projects in South America. Explorator is initially concentrating its efforts in the mineral rich Cordillera de la Costa province in Chile. The Company's El Espino-Venus Project lies within this prolific copper-gold mineral area and is central to an important cluster of "Candelaria-style" copper-gold deposits. El Espino-Venus is located in the Illapel district, approximately 3.5 hours drive north of Santiago. The El Espino-Venus block covers 75 square kilometers and is host to major gold and copper mineralized structures on which nine small operating mines have been developed.

Contact Information