Explor Resources Inc.
TSX VENTURE : EXS
FRANKFURT : E1H
PINK SHEETS : EXSFF

Explor Resources Inc.

December 09, 2011 13:33 ET

Explor Resources Annual and Special Meeting

ROUYN-NORANDA, CANADA--(Marketwire - Dec. 9, 2011) - Explor Resources Inc. (TSX VENTURE:EXS)(PINKSHEETS:EXSFF)(FRANKFURT:E1H) is pleased to announce that at the Annual and Special Meeting of Shareholders held on December 7, 2011, the following directors were elected: Christian Dupont, of Janeville New Brunswick, Geoffrey Carter, of Toronto, Ontario, Mario Colantonio of Porcupine, Ontario, Jacques Frigon, of Amos, Quebec and Andrew Malim of London, England.

The accounting firm of Dallaire & Lapointe Inc. was re-appointed as independent auditors. The shareholders have also approved the continuation of the Company's stock option plan and the continuation of the Company Shareholders Rights Plan. The item 7 at the agenda of the meeting for the approval of a cashless provision to agent's warrant was withdrawn from the agenda because the scheduled private placement with an American firm as released on August 25, 2011, has been cancelled.

Subsequently to the Annual and Special Meeting, the Board of Directors of the Company held a Director's meeting and have appointed the following officers: Christian Dupont, as president and Chief Executive Officer, Jacques Frigon as Chief Financial Officer and Julie Godard as Corporate Secretary.

The following persons have been appointed to the Audit Committee: Christian Dupont, Mario Colantonio, and Geoff Carter. Two members of this committee are considered independent directors.

The board has also decided to appoint two other special committees: the Financing Committee that consists of Andrew Malim, Jacques Frigon and Christian Dupont and the Strategic Development Committee that consists of Andrew Malim, Jacques Frigon and Christian Dupont.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the USA Pink Sheet (EXSFF) and on the Frankfurt Stock Exchange (E1H).

This press release was prepared by Explor Resources Inc. Neither the TSX Venture Exchange Inc 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. The Company was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.

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 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.

Contact Information

  • Christian Dupont, President
    888-997-4630 or 819-797-4630
    819-797-6050
    www.explorresources.com

    Investor Relations: Gary Lindsey
    Stratastar Marketing Group LLC
    720-273-6224