RX Exploration Inc.
TSX VENTURE : RXE
OTCQX : RXEXF

May 20, 2011 09:00 ET

RX Exploration Inc. Advises Shareholders to Take No Voting Action at This Time With Respect to Any Gold Proxy Form Received

TORONTO, ONTARIO--(Marketwire - May 20, 2011) -RX Exploration Inc. ("RXE" or the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF) is aware of a press release issued May 17, 2011 by a group of dissidents led by Murray Nye, President & CEO of RXE, Max Polinsky, the former CFO of RXE, Mike Gunsinger, Vice President Mining Operations of RXE and Bob Bannerman.

The dissidents are attempting to take control of the board of directors of your company at the currently scheduled June 7, 2011 shareholder meeting by proposing a handpicked board to serve the dissidents' interests. Your board is dismayed by the self-serving nature of the dissidents' action to take control of your company. Your board intends to take all reasonable actions to ensure the interests of all shareholders are considered and protected, and that the shareholders are informed of the complete record of all relevant facts so that the shareholders can make an informed decision.

Your board urges you to TAKE NO ACTION at this time with respect to any GOLD PROXY FORM you may have received. Your board will provide a detailed response that will best position the Company for future growth, benefiting all shareholders.

About RX Exploration

RX Exploration Inc. is a gold exploration company whose strategy is to re-examine gold and silver projects within North America that have previously reached advanced exploration, underground development or past gold or silver production. The Company is currently focused on re-starting production from its Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal underground gold and silver mine in Montana.

The Company's shares are listed on TSX-V (Symbol: RXE) and on the OTCQX (Symbol: RXEXF). There are 160,438,980 common shares issued and outstanding.

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

Contact Information