RX Exploration (RXEXF)

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STANDARD & POOR'S INITIATES FACTUAL STOCK REPORT COVERAGE ON RX EXPLORATION, INC.

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The company's flagship project, the Drumlummon Gold and Silver Mine, is located near Marysville, Montana. The mine has never been fully exploited or explored and material that was once considered waste is now potentially economic. In addition, the company has discovered a series of entirely new high-grade gold and silver veins that remain open for expansion in all directions.

The governmental permits required to proceed with restarting operations have been obtained by RX Exploration, and the company is proceeding with dewatering and is test mining and milling, approaching a rate of 300 tons per day.

NI 43-101 compliant inferred resources on the Charly Vein system at the Drumlummon Mine amount to 155,518 tons averaging 0.45 ounces per ton (15.4 grams per ton) gold and 12.3 ounces per ton (421 grams per ton) silver. The resources contain 70,703 ounces of gold and 1,915,560 ounces of silver.

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http://www.reuters.com/article/idUS119248+13-Dec-2010+BW20101213$$314510388