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Thursday, 06/16/2011 11:30:02 AM

Thursday, June 16, 2011 11:30:02 AM

Post# of 12573
From IR to the ihub message board - I just got Gary at IR's response to our questions - (answers in bold) :

Hi Gary,

Hope all is well with you and your family.

In order to reduce the number of emails you receive on the same topics, I am writing this email on behalf of the shareholders who post on the ihub message board. They currently have the following questions:

From the following people:

Destinator: When is the company planning to put hole numbers on top of their drill hole pins on their 2d images? I will bug the geologists about that one...and then replace the maps

Redinvest: Where, exactly is EXS drilling on on the TPW property - are they expanding the strike heading toward LSG or are they doing wedge drills on the flank or appraisal wells? There is a line called the southern flank that is being drilled. We are moving toward the Lakeshore property and are currently 1 kilometer away. That is where most of the high grade intercepts are being found. We are VERY pleased with the results so far. Also, is the company pleased with the most of the drill hole results currently being drilled?

Security01: Are you aware that a company, FUNDAMENTAL RESEARCH CORP., iniatiated coverage on EXS recently with a price target of $2.25. Perhaps, EXS could include that report on its website along with the RB Milestone Report??? I know Fundamental and I will look for their research report. Thanks for the tip - usually they charg so I hope it is with Explor. They did an initial report over a year ago, maybe this is an update.

GO4It6: When, if any, will there be drill results for Destor? The geologist is a contractor and is working on them right now. Chris said he would get him more motivated to get the report out - he asked for a map and something else last week. This is the same geologist that is working on Kidd Creek - hence the delays. Will the next PR (probably next week)? include the drill results for Hole 47 at TPW?, or is hole 47 for the next PR? I know we have 3 holes to report right when Chris returns and I am not sure if it will include hole 47.

Mining Junkie: Regarding the turn down in EXS share price, he stated that there are people on the US Eastern Seaboard that are trying to gain some market traction during a bearish market. Can you comment on this and who they might be? We arein the middle of a roadshow in Boston, NY and Baltimore right now. And the reception has been good. Since most of these are institutional - they do their own due diligence and a meeting is just the beginning with them. Lots of follow up gets them into the stock. Some jump in right away, but that is rare. The important thing is to get a wider circle of investors into the stock and that is what we are working on from many angles. The roadshow is just one of them.

Myself, I have tried to get an outstanding share count from CIBC Transfer Company. Although they have written back, they seem to think I am asking about my own shares in EXS. Would you have updated information of the O/S share count, and also, if possible the outstanding warrants and options.
Outstanding Shares 106.1 million
Warrants Outstanding 13.0 million
Broker Warrants 2.0 million
Options Outstanding 10.3 million
Fully Diluted Shares 131.4 million



Lastly, when will you be reporting on the latest drill results for Kidd Creek. Kidd Creek is unfortunately on a slow track because of that geologist. I am asking Chris to light a fire under that geologist every week. I would not be surprised if it is later this summer.

Thanks in advance, from all of us.

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