Explor Timmins Porcupine West Gold Property Retraction

ROUYN-NORANDA, Quebec, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Explor Resources Inc. (“Explor” or “the Corporation”) (TSX-V: EXS, OTC PK EXSFF, FSE & BE: E1H1) announces that it is retracting the information that was provided in an article published on February 5, 2019 on the web site Metalsnews.com entitled “ Explor Resources Inc.: Gold Miner Exploring and Developing in the Historically Prolific Timmins Mining Camp in Ontario, Canada: Interview with Chris Dupont, President and CEO” and in the interview given in February 2018 by Mr. Dupont to George Tsiolis of Agoracom (together referred to as the “Information”).

Part of the Information was pertaining to the exploration potential of the Timmins Porcupine West property, owned by Explor, was not presented in conformity with Section 2.3 (2) of National Instrument 43-101 Standards of Disclosure for Mineral Projects and is not confirmed by a current Technical Report complying with NI 43-101. Also, certain technical prospective data contained in the Information were pertaining to a potential mining production and are not confirmed by a current independent preliminary economic evaluation. Thus, the Information should not be relied upon and the Corporation has required to have the article and interview mentioned above retracted.

Chris Dupont, P.Eng is the qualified person responsible for the information contained in this release.

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.

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.

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