Explor Closes a Private Placement of $750,000

ROUYN-NORANDA, CANADA--(Marketwired - Jun 13, 2013) - Explor Resources Inc. (TSX VENTURE:EXS)(EXSFF)(E1H.F) ("Explor" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement of Flow-Through Units (the "Private Placement") for a total gross amount of CDN $750,000.

The Private Placement consists of 15,000,000 flow-through units at a price of $0.05 each. Each Flow-Through Unit consists of one (1) common share issued on a flow-through basis and of one half (1/2) common share purchase warrant. Each whole warrant entitles the subscriber to purchase one (1) common share of the Corporation at a price of $0.10 each for a period of 12 months, expiring on June 13, 2014.

In connection with the Private Placement, the Corporation paid a finder's cash commission equal to 9% of the gross proceeds from the sale of the Flow-Through Units and granted Finder's Warrants entitling it to purchase that number of Common Shares of the Corporation equal to 4% of the aggregate number of Flow-Through Units issued and sold under the Private Placement at a price of $0.10 per Common Share at any time on or prior to June 13, 2014.

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 Private Placement is subject to the final approval of the TSX Venture Exchange.