RX Exploration Inc.

May 24, 2011 12:52 ET

RX Exploration Inc. Announces Appointment of Special Committee

TORONTO, ONTARIO--(Marketwire - May 24, 2011) - RX EXPLORATION INC. ("RXE" or the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF) announced today the appointment of a special committee of the board of directors (the "Special Committee").

The Special Committee has been appointed to supervise the business and to preserve stakeholder value in the Company in light of the recent actions taken by a group of dissidents, including the President & CEO of RXE.

The Special Committee consists of the following members from the Company's current board of directors: John F. O'Donnell, LLB, John A. Ryan, CGA, Edward L. Ellwood, MBA, and Paul V. Teodorovici. John F. O'Donnell will serve as Chair of the Special Committee.

The Company has retained Goodmans LLP and Laurel Hill Advisory Group to advise the Special Committee.

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.

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