ROUYN-NORANDA, CANADA--(Marketwired - May 23, 2013) - Explor Resources Inc. ("Explor or the "Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H)(BERLIN:E1H) is pleased to announce that it has retained Envoy Strategic Partners, an investor relations firm from Toronto ("Envoy Strategic Partners") as the Corporation' Canadian investor relations counsel.
Envoy Strategic Partners will provide investor relations, marketing and consultant services for the Canadian market for Explor Resources Inc. for a period of six months. Envoy Strategic Partners will be paid a monthly fee of $2,900 plus allowable disbursements. Additionally, Envoy Strategic Partners will receive incentive stock options, subject regulatory approvals, in the amount of 100,000 common shares at an exercise price of $0.15 per common share, valid for a period of six months.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H).
This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.
Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated April 16, 2013) includes the following:
Open Pit Mineral Resources:
| Indicated: | 74,000 oz (1,248,000 tonnes at 1.85 g/t Au) | |
| Inferred: | 186,000 oz (2,502,000 tonnes at 2.31 g/t Au) |
Underground Mineral Resources:
| Indicated: | 224,000 oz (1,758,000 tonnes at 3.96 g/t Au) | |
| Inferred: | 594,000 oz (6,145,000 tonnes at 3.01 g/t Au) |
This document may contain forward-looking statements relating to Explor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
