Explorator Resources Inc.

Explorator Resources Inc.

July 18, 2007 08:30 ET

Explorator Resources Announces Appointment of Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Explorator Resources Inc. ("Explorator" or the "Corporation) (TSX VENTURE:EXO) is pleased to announce the appointment of Mr. Michael H. Farrant as Chief Financial Officer of Explorator Resources Inc. Mr. Farrant is replacing Kurt Bordian who will remain as a consultant to Explorator during the interim.

Mr. Farrant comes to Explorator with more than a decade of financial management experience in the mining sector. He currently serves as the CFO and Vice President of Aurogin Resources Ltd. His other mining experience includes Vice President and Treasurer of Kinross Gold Corporation, Corporate Controller of Barrick Gold Corporation and consultant to Centerra Gold Inc.

"Michael Farrant's wealth of experience in finance and specifically in the mining industry, makes him a valuable asset to Explorator as we continue on our aggressive path of moving from a copper-gold exploration company to becoming a producer in South America," said David O'Connor, President and CEO of Explorator Resources. "We also want to thank Mr. Bordian for his service at Explorator and wish him much success going forward."

Mr. Farrant holds a Bachelor of Commerce with Honours from Queen's University and earned his C.A. designation in 1995 while with Coppers & Lybrand.

Mr. Farrant has been granted the option to purchase up to 125,000 common shares of the Corporation at an exercise price of $0.80 per common share, valid for a period of five years and subject to regulatory approval.


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 Corderilla de la Costa province in Chile. The Company's El Espino Project lies within this prolific copper-gold mineral area and is central to an important cluster of copper-gold deposits. El Espino is located in the Illapel district, approximately 3.5 hours drive north of Santiago. The Company recently announced plans to acquire the adjacent Venus-Marcelo claim block immediately north of El Espino (see release dated May 15, 2007). The Venus-Marcelo block covers 132 hectares and is host to major gold and copper mineralized structures on which six currently small active mines have been developed.


Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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