Explor Resources Inc.

Explor Resources Inc.

May 13, 2009 16:10 ET

Explor Announces Changes to the Board of Directors

ROUYN-NORANDA, CANADA--(Marketwire - May 13, 2009) - (TSX VENTURE:EXS)

Explor Resources Inc. is pleased to announce the appointment of Mr. Mario Colantonio to the Board effective May 13, 2009.

Mr. Colantonio is a professional engineer and businessman who has been active in the mining industry since the mid 1980's. He has significant experience in engineering and management for capital and infrastructure projects for mine/mill construction, including feasibility studies. His past experience includes senior management positions for AMEC, a multi-national mine/mill engineering and construction company. He is currently President of Porcupine Engineering Services of Timmins Ontario.

Mr. Colantonio will be granted 100,000 stock options at a price of $0.30 per option, valid for a period of five years. The appointment of Mr. Colantonio is subject to the approval of the TSX Venture Exchange.

The Company also acknowledges the resignation of Mr. Christian Guilbaud as a director of the Company, effective April 14, 2009. Mr. Colantonio will replace Mr. Guilbaud on the Audit Committee. The Board would like to thank Mr. Guilbaud for his valuable contributions since he became a director in 2007 and wishes him success in his future endeavours.

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.

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 filings. 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.

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
    800-388-8668 or 819-797-4630
    819-797-6050 (FAX)
    Bay Street Connect Inc.
    Michael D'Amico
    Investor Relations