The Concerned Shareholders of RX Exploration Inc.

June 28, 2011 11:08 ET

RX Exploration's Current Board is Deaf to Shareholders' Views

Shareholders Are Reminded to Vote Their GOLD Proxy Today to Protect Their Investment

WINNIPEG, MANITOBA--(Marketwire - June 28, 2011) - The Concerned Shareholders of RX Exploration Inc. ("RXE" or the "Company"), Bob Bannerman, Mike Gunsinger, Murray Nye and Max Polinsky (the "Concerned Shareholders"), are further disheartened that Management's new slate continues to be deaf to shareholders' concerns. On June 27, 2011, RXE's new nominees held a carefully scripted conference call that featured what appeared to be hand-picked, pre-screened questions designed to promote their agenda, without having to answer shareholders' real questions.

The important questions are:

1)Why is the new slate planning to give 7.2 million options to the newcomers before they have done a single day's work?
2)How can we believe the new slate will benefit RXE when they lack sufficient apparent knowledge of the mine, to the point where they propose to get a non-existent "commercial production permit?"
3)Based on his past actions, why would we trust our investment to John O'Donnell or any other member of his hand-picked slate?

"It is particularly telling that Management's new slate was not comfortable enough with their position to hold an open and honest live discussion with shareholders," stated Concerned Shareholder Bob Bannerman. "We remain confident, as the Founders and Managers of RXE who have devoted years of our time and personal funds in bringing the Drumlummon mine to production, that we have a superior plan to increase shareholder value."

The Concerned Shareholders would like to express their appreciation for the strong support that shareholders have shown by voting their GOLD proxies. They recognize that every shareholder matters, not just the large institutions, and are dedicated to ensuring that value is enhanced for every shareholder, no matter how many or how few shares they hold.

RXE's business is narrow vein mining and the Concerned Shareholders have put forth a slate of nominees with not just one, but several experts in the field. Their plan is to continue to mine and mill gold and silver from the Drumlummon mine and to augment production in a prudent manner that will allow the Company to grow, increasing shareholder value. They have assembled a first-class team of geologists and miners who are familiar with both the Montana and United States regulations and practices. The Concerned Shareholders continue to believe that taking the gold and silver out of the ground is the best way for a mining company to increase shareholder value, which they believe will ultimately result in profits coming back into the hands of their shareholders.

Support the Concerned Shareholders and protect your investment by voting your GOLD proxy by the proxy voting deadline, July 4, 2011 at 10:00 a.m.

Shareholders who require assistance voting their GOLDproxy should contact Kingsdale Shareholder Services Inc. at 1-888-518-6812 or email contactus@kingsdaleshareholder.com.

For more information, please visit www.saveRXE.com.

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