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Message: EXPLOR CLOSES A PRIVATE PLACEMENT OF $100,000

EXPLOR CLOSES A PRIVATE PLACEMENT OF $100,000

Rouyn-Noranda, Canada, December 31, 2012

Explor Resources Inc. (the "Corporation") is pleased to announce that it has closed a non-brokered private placement for a total amount of CDN $100,000.

The placement consists of 566,667 flow-through shares at a price of $0.15 per share representing an amount of $85,000 and of 107,143 common shares at a price of $0.14 per common share representing an amount of $15,000. Each flow-through and common share is accompanied of one half common share purchase warrant. Each whole warrant allows the subscriber to purchase one (1) common share of the Corporation at a price of $0.19 per share for a period of 12 months, expiring on December 31, 2013.

The securities issued pursuant to the Private Placement are subject to a hold period of four months and a day from the date of closing. This placement is subject to the final approval of the TSX Venture Exchange.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the USA Pink Sheet (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H).

This press release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that t

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