Explor Resources Assays Pending, Building on 7.65 g/Tonne Au Over 33.2 Meters, Updated Resource Calculation Expected by Year End

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EXS.V	0.135	0.00

Explor Resources Inc. (TSX-V:EXS.V - News) (Pink Sheets: EXSFF) (Frankfurt:E1H.F - News) is the subject of a Mining MarketWatch Journal Review offering insight and opportunity afforded investors as EXS.V has proven its exploration model at its Timmins Porcupine West (TPW) gold deposit in the prolific Abitibi Greenstone belt of Ontario and is building building ounces. The current resource at the TWP is 212,800 oz gold Indicated at 4.83 g/t + 814,800 oz gold Inferred at 3.56 g/t and that is expected to rise dramatically over the near-term; by the end of 2012 Mining MarketWatch Journal forecasts the resource to be advanced to ~1.5 million ounces gold, and by the end of 2013 advanced to ~3 million ounces gold -- that would represent only 10% of the deposits potential.

The full Mining Journal review may be found at http://www.miningmarketwatch.net/exs.htm online.

Explor Resources has a market cap under $21 million, and is poised for considerable share price appreciation as the reality of the accomplishment underway is appreciated by the market. The exploration model EXS.V has developed for the deposit is named after the nearby Hollinger and McIntyre gold mines that have a similar porphyry and produced 30 million ounces of gold. The porphyry is the heat engine that pushes the gold into weak adjacent (sedimentary and mafic volcanic) rocks -- the bigger the porphyry the bigger the potential deposit; Explor Resources' TPW porphyry is 5 times bigger than the Hollinger-McIntyre porphyry and all evidence to date has shown the exploration model to be accurate. The gold mineralization is concentrated in two mineralized limbs of syncline and so far EXS.V has concentrated its efforts only on top portion of the south limb, the north limb is believed to be as equally rich. There is a 2 kilometre long strike length open on both ends and at depth. Area mines are worked for high-grade gold to ~2,000+ metres, double the depth currently established on the south limb; the current resource established on the south limb was based on drilling to ~600 m, and recent drilling not yet incorporated into the resource is proving up high grades to ~1000 m (i.e. Jan. 31, 2012 release '14.8 g/t gold over 7.8 m', Feb. 23, 2012 release '7.36 g/t gold over 13.5 m', May 15, 2012 release '28.46 g/t gold over 3.30 m'). In excess of 100,000 m of diamond drilling has been completed by Explor Resources to date. Recent drill programs (including, August 21, 2012 "Explor Intersects 7.65 g/tonne Au Over 33.2 Meters on Timmins Porcupine West") has affirmed the continuity of mineralization and quality grade from hole to hole with increasing width as EXS.V goes to depth and are very significant in terms of establishing a potentially large mineable gold resource. The strike length of the gold mineralization is greater than 2000 meters, with the structure still open on strike and at depth. A new updated resource calculation is expected to be prepared for the end of 2012.

Mining MarketWatch Journal sees a comparison, exit strategy wise for shareholders benefit, to the scenario that unfolded for Virginia Gold Mines with its sale of its Eleonore gold deposit to Goldcorp for close to half a billion dollars plus the retention of a rich sliding royalty. Virginia Mines proved up ~3M ounces and sold to Goldcorp which carried the ball for many times that. EXS.V has a very real similar potential outcome in store as the porphyry system at the TPW gold deposit is 5 times the size of the 30M ounces gold Hollinger-McIntyre, the exploration efforts to date support the exploration model, and a readily achievable target of 3 million ounces by the end of 2013 represents just the tip of the iceberg. The flagship TPW deposit will continue to receive the bulk (90%+) of EXS.V's exploration budget, however important to note is that the company also has numerous other highly prospective gold and base metal projects in its inventory/portfolio.

Shares outstanding: 147,671,992 (~187.5M fully diluted). It appears the time to buy EXS.V is now while it is trading under 15 cents and poised for significant upside share price revaluation to reflect the inherent value of its properties and immense potential.

The full Mining Journal review may be found at http://www.miningmarketwatch.net/exs.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

Contact Information:
James O'Rourke
Editor, Mining MarketWatch Journal

[email protected]