Explor Resources Inc.

Explor Resources Inc.

March 22, 2007 16:58 ET

Explor Resources Inc. Grants Stock Options

ROUYN-NORANDA, QUEBEC--(CCNMatthews - March 22, 2007) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the granting of 600,000 Options to directors and consultants of Explor Resources to acquire shares of the Company at $0.20 and 80,000 Options to acquire shares of the Company at $0.30. The Options are valid for a period of 5 years and expire March 20, 2012.

The transaction is subject to acceptance by the TSX Venture Exchange.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec and Saskatchewan. 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, 450,000,000 tonnes of base metal ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.

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
    CHF Investor Relations
    Jan Moir, Vice President
    416-868-1079 x.237