Subject: CORRECTIONS
Explor - Erratum to the Press Release of June 6, 2017
ROUYN-NORANDA, QUEBEC--(Marketwired - June 12, 2017) - Explor Resources Inc. ("Explor" or "the Corporation") (TSX VENTURE:EXS)(OTCQB:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is announcing an erratum to the Press release issued on June 6, 2017 pertaining to the acquisition of 1 mining claim (8 units) totalling 128 hectares situated in the Porcupine Mining division, District of Cochrane, Wark Township, Ontario. In the second paragraph of the Press Release dated June 6, 2017, the NSR percentage indicated should have read 1% instead of 2%. The second paragraph of the Press Release dated June 6, 2017, should have stated:
Explor Resources Inc. will pay a total of $2,000 and issue 400,000 common shares for an Option to acquire a 100% interest in the additional Kidd Township claim. The sellers have retained a 1.0% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.
Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).
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 August 27, 2013) includes the following:
| Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows: | |||
| Indicated: | 213,000 oz (4,283,000 tonnes at 1.55 g/t Au) | ||
| Inferred: | 77,000 oz (1,140,000 tonnes at 2.09 g/t Au) | ||
| Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows: | |||
| Indicated: | 396,000 oz (4,420,000 tonnes at 2.79 g/t Au) | ||
| Inferred: | 393,000 oz (5,185,000 tonnes at 2.36 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.
A map is available at the following address: http://media3.marketwire.com/docs/Map_May2017.pdf
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