Explorator Resources Inc.
TSX VENTURE : EXO

Explorator Resources Inc.

September 12, 2007 09:10 ET

Explorator Resources Intercepts High Grade Copper-Gold at El Espino-Venus Project

Results include 73m of 1.12% Cu, and 10m of 1.27% Cu including 1m of 426 g/t Au

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2007) - Explorator Resources Inc. (TSX VENTURE:EXO) continues to intersect significant high grade copper-gold mineralization in its 25,000m Phase Two drilling program at the El Espino-Venus Project in Chile. Recently received results from the Rachel zone, in the north-east area of the Main Copper Zone (see Figure 1), confirm and extend earlier wide intercepts of high-grade copper. New high-grade gold intercepts beneath old workings in the area also highlight the potential to outline gold resources on the project. Wide zones of high-grade copper mineralization were intersected in several holes including MXE 61 - 73m of 1.12% Cu, MXE 17 - 56m of 1.19% Cu, MXE 27 - 43m of 1.12% Cu, and MXE 25 - 10m of 1.27% Cu including 1m of 426 g/t Au.

"The results of these latest drill holes continue to highlight the exciting potential of the El Espino-Venus project. This drilling has increased our confidence in the continuity of the mineralized manto and will assist with our plans for resource definition in the Rachel zone" noted President and CEO David O'Connor. "We are also very pleased with the high-grade gold values being found near the workings of the Chon Chon mine, a historic high-grade gold producer located on the boundary of the Rachel and La Viuda zones. The continuity of gold shown between holes MXE 25 and MXE 09, and surface workings at Chon Chon approximately 40 meters away, is very interesting and we will continue to test this area with the objective of defining a gold zone" David O'Connor added.

Significant intercepts from recent resource definition drilling in the Rachel zone, classified by sulphides and oxides, are listed below:



SULPHIDE INTERCEPTS
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HOLE NO. FROM - TO WIDTH Cu Au
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MXE-17 84 to 140m 56m 1.19% 0.17g/t
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with 5m 2.32% 0.34g/t
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MXE-18 97 to 109m 12m 1.03% 0.05g/t
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133 to 142m 9m 1.30% 0.11g/t
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149 to 203m 54m 0.86% 0.13g/t
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with 21m 1.36% 0.15g/t
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MXE-19 73 to 79m 6m 0.60% 0.86g/t
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MXE-27 197 to 240m 43m 1.20% 0.33g/t
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with 9m 3.45% 0.88g/t
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MXE-44 82 to 130m 48m 0.46% -
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MXE-60 58 to 118m 60m 0.60% 0.46g/t
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134 to 142m 8m 0.57% 0.30g/t
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MXE-61 65 to 138m 73m 1.12% 0.12g/t
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with 24m 2.12% 0.23g/t
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OXIDE INTERCEPTS
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HOLE NO. FROM - TO WIDTH Cu Au
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MXE-16 90 to 99m 9m 0.49% -
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138 to 147m 9m 0.43% -
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MXE-19 38 to 67m 29m 0.42% 0.48g/t
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MXE-25 23 to 38m 15m 0.49% -
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101 to 111m 10m 1.27% -
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with 1m 0.91% 426.0g/t
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Note that hole MXE 16 oxide intercept is on the boundary of the Ravanales and Rachel zones. Holes MXE 25 (with 1m at 426g/tAu) is adjacent to earlier hole MXE 09 (2m at 6.03%Cu, 8.25g/tAu) on the boundary of the La Viuda and Rachel zones and are near the Chon Chon gold mine. It should also be noted that hole MXE 19 has a shallow oxide intercept, with sulphide intercepts beneath, while MXE 25 ended in oxides above the associated sulphide target.

The company continues to receive and tabulate drill results from the current Phase 2 program on an ongoing basis.

ABOUT EXPLORATOR RESOURCES INC.

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.

REGULATORY FOOTNOTE

Mr. Michael Schuler, Explorator Resources' Vice President, Exploration is the "Qualified Person" as defined under the National Instrument 43-101 and is responsible for the scientific and technical work on Explorator's exploration program and is responsible for reviewing the technical disclosure in this news release.

All analytical work has been completed by ALS Chemex of La Serena in Chile; ALS Chemex is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO17025:1999. They employ a variety of international standards for quality control purposes.

Samples are transported from the project to the ALS Chemex laboratory in La Serena sample by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ALS Analytical Code Au-ICP22 (Au 50g fire assay with ICP-AES finish), (2) ALS analytical code Au-GRA22 (Au 50g fire assay with a gravity finish), (3) ALS analytical code ME-ICP61 (33 element analysis using a four acid digestion and ICP-AES analysis), (4) ALS analytical code Cu-AA62 (ore grade copper analysis using a four acid digestion and an AAS finish.

All diamond drill core is geologically logged, cut in half using a diamond saw and sampled by Company geologists in one(1) to three(3)meter sample intervals depending on visual grade estimates; the archive portion of the sample is securely stored at the company's core shed adjacent to the office in the town of Illapel. The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING INFORMATION

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.

To see Figure 1 please view the following link: http://www.ccnmatthews.com/docs/exfig1.pdf

To see Figure 2 please view the following link: http://www.ccnmatthews.com/docs/exfig2.pdf

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