Headline: Explor Resources Grants Stock Options
Symbol: EXS
ROUYN-NORANDA, CANADA--(Marketwire - Jan. 28, 2010) - Explor Resources Inc. TSX VENTURE:EXS) is pleased to announce the granting of 2,650,000 stock options to directors and consultants of Explor Resources Inc. to acquire shares of the Company at $0.92. The Options are valid for a period of 5 years and expire January 28, 2015.
Bay Street Connect, a firm providing investor relations services to the Company will continue to be paid a monthly fee of $3,000 plus allowable disbursements. Additionally, Bay Street Connect will receive incentive stock options, to acquire 250,000 common shares at an exercise price of $0.92 per share, valid for a period of one (1) year.
Also, Explor is granting Union Securities Ltd, incentive stock options, valid for one (1) year, to acquire 750,000 common shares at an exercise price of $0.92 per share, for providing fiscal agency services to the Company.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Qu�bec, 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 Qu�bec with approximately 33% in Ontario and 67% in Qu�bec. 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 Qu�bec and was incorporated in Alberta in 1986.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS).