PG-101 Discovery Hole-Explor Intersects 52.01 g/t Au Over 3.0 m

Exploring for gold and base metals in the Abitibi Greenstone Belt

Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date

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PG-101 Discovery Hole-Explor Intersects 52.01 g/t Au Over 3.0 m

posted on Mar 24, 2009 12:25PM

March 24, 2009

Explor Resources: PG-101 Discovery Hole-Explor Intersects 52.01 g/t Au Over 3.0 m

ROUYN-NORANDA, CANADA--(Marketwire - March 24, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the completion and assay results of two (2) drill holes completed on the PG 101 Property. The Property consist of a 101 mineral claims package totalling 1626 hectares, situated in Holloway and Mariott Townships in the Larder Lake Mining Division, District of Cochrane, Province of Ontario known as the PG 101 Gold Property.

The drill program targeted a historic IP survey that was completed in 1991 by Teck Exploration testing areas where there appeared to be gaps in the previous drilling. Hole PG101-09-01 tested a strong IP anomaly in the area of a regional east northeast trending graphitic shear. Hole PG101-09-02 was drilled on the same structure 400 meters to the southwest. Numerous targets remain to be tested (Press Release Dec. 17, 2008).

Hole PG101-09-01 returned an intersection of 52.01 g/tonne gold over a core length of 3.0 meters (equivalent to 1.843 oz/ton over 9.84 feet) in an altered high iron basalt with quartz carbonate veining as well as several other intersections presented in the following table. Hole PG101-09-02 did not return any significant assays. The assays in the following table are only those that assayed above 1.0 g/tonne gold. The following fire assay results as determined Techni-lab of Ste-Germaine de Boule, Quebec:

Hole #                        From      To     Interval         Gold
                                (m)     (m)   (m)   (ft) (g/tonne) (oz/ton)
09-01    Zone 1               91.3    92.0   0.7   2.30      3.10    0.110

         Zone 2               93.5    94.2   0.7   2.30      1.93    0.068

         Zone 3(i)           122.0   125.0   3.0   9.84     52.01    1.843

         Zone 4(ii)          132.5  134.75  2.25   7.38      1.95    0.069

(i)  This interval of 52.01 gpt over 3.0m includes 83.87 gpt/1.0m, 52.83
     gpt/1.3m and 4.97gpt/0.7m The sample interval from 122.0 to 123.0 m
     contained numerous small grains of Visible Gold (VG)
(ii) This interval of 1.95 gpt over 2.25m includes 1.66 gpt/1.5m and
     2.54gpt/0.75m

Two sets of check assays have confirmed these results. The results as reported are core length, true width has yet to be determined.

Assays were conducted on sawn NQ sized half-core sections. Further drilling is required before the true width of the reported intersection can be determined. The saw blade is routinely cleaned between samples when visible gold is noted during logging and sampling of the drill core. Assays were conducted by Techni-lab of Ste-Germaine de Boule, Quebec using standard fire assay on a 30-gram (one assay tonne) sample with a gravimeteric finish procedure. Standard, blanks and check assays were included at regular intervals in each sample batch. Gold standards were prepared by CDN Resource Laboratories Ltd.

The PG 101 Property is underlain by the same succession of mafic volcanic flows, breccias, and tuffs that host the known gold deposits of the area. These volcanic rocks are cut by ENE trending faults that splay from the Destor-Porcupine fault zone ("DPFZ"). The DPFZ is a major deformation zone that crosses along the north boundary of the PG 101 claims in Marriott Township. Proximity to the DPFZ, the Kirkland-Larder lake Break and other similar regional faults are characteristic of significant gold deposits of the Eastern Abitibi greenstone belt.

Chris Dupont P.Eng is the qualified person for Explor Resources Inc. and is responsible for the information contained in this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, 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 Quebec with approximately 33% in Ontario and 67% in Quebec. 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 Company is headquartered in Quebec and was incorporated in Alberta in 1986.

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