Looks like the insiders are getting their $0.92 shares before blow out news is released!

A further $0.23 sp increase or 30% on 4million shares must mean some serious rumours out there.

Yesterdays news release.

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.