RX Exploration Inc.

May 25, 2010 09:00 ET

RX Receives Conditional Approval for Listing on the TSX Venture Exchange

WINNIPEG, MANITOBA--(Marketwire - May 25, 2010) - RX Exploration Inc. (CNSX:RXE) (the "Company" or "RX") is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally approved the Company's application to list on Tier 1 as a Mining Issuer. The listing is subject to the Company fulfilling certain requirements of the Exchange in accordance with the terms of its conditional approval letter dated May 20, 2010.

The Company will proceed expeditiously to satisfy these conditions and management is confident that all conditions for listing will be met. Upon obtaining final approval, the Company will issue a further press release to inform shareholders when it anticipates that its common shares will commence trading on the Exchange. Upon listing, it is anticipated that the common shares will continue to trade under the trading symbol "RXE".

"Our listing on the TSX Venture Exchange is another important milestone in our growth and development," said Murray Nye, President of the Company. "We believe that this listing will provide the company and its shareholders with many advantages, including greater visibility and enhanced market access for Canadian and international investors."

The TSX Group, which includes the Toronto Stock Exchange and the TSX Venture Exchange, is the world's premier listing destination for mining and mineral exploration companies.

About RX

RX is a gold exploration and development company whose strategy is to re-examine gold projects within North America that have previously reached advanced exploration, underground development or past gold production. The Company is currently focused on re-starting the Drumlummon Mine, its past producing high-grade, bonanza-style, epithermal underground gold and silver mine in Montana. The Company has installed a water treatment system at the mine and mining activities are fully permitted. The Company recently leased a gravity/flotation mill facility to enable bulk metallurgical and process test-work to be completed on feedstock from the Drumlummon Mine, taken as part of the bulk sampling program currently underway.

The Company's shares are listed on CNSX (Symbol: RXE). There are 109,399,331 common shares issued and outstanding.

Forward Looking Statements: Statements made in this news release that relate to future plans, expectations, events or performances are forward looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • RX Exploration Inc.
    Murray R. Nye
    (204) 989-2434