Explor Resources Inc.

Explor Resources Inc.

March 19, 2009 11:55 ET

Explor Resources Inc.: New Stock Option Plan

ROUYN-NORANDA, QUEBEC--(Marketwire - March 19, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce that the stock option plan that was approved at the Annual General Meeting of shareholders held on November 23, 2007 has been modified to better reflect the current TSX Venture Policy 4.4 - Incentive Stock Options. At the last annual general meeting, the shareholders approved a resolution to increase the total number of Stock Options that could be granted in accordance with the Company's Current Stock Option Plan from 1,875,000 to 6,759,986.

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.

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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