Plexmar Resources Inc.
TSX VENTURE : PLE

Plexmar Resources Inc.

January 20, 2012 23:22 ET

Plexmar Resources Inc.: Proposed Warrants Extension

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 20, 2012) - Plexmar Resources Inc. (TSX VENTURE:PLE) announces that it is applying to the TSX Venture Exchange ("TSXV") to extend the term of 11,066,667 common share purchase warrants originally issued on August 3, 2010, (the "Warrants") as part of a non brokered private placement of its securities. The Corporation is seeking an extension of the term of the original expiry date of Feb.3 2012 to Feb.3, 2013. All other terms of the Warrants, including the exercise price of Cdn$0.12 per common share, will remain unchanged.

The extension to the Warrant terms is subject to approval of the TSX Venture Exchange.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

PROFILE

Plexmar is a junior company focused on precious metals in Peru

PROPERTIES

Gold :Peru: Oro Del Norte, Marilia, Bolsa Del Diablo

CORPORATE INFO

-228 M shares outstanding

-Symbol: PLE (TSX-V)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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