RX Exploration (RXEXF)

[Montanore]

Maybe now they can concentrate on getting the gold. That mine definitely is undervalued!


A total of 80,100,790 or 55.8% percent of all voted shares were cast for the
election of the following directors nominated by management of the Corporation
as set forth in the amendment to the management information circular dated June
12, 2011: Hugh Agro, Darren Blasutti, Alex Davidson, Louis Dionne, John F.
O'Donnell, Paul Parisotto, John Ryan and Lorie Waisberg. These nominees were
declared elected by the Independent Chairman of the Meeting, Philip C. Moore.


"The past few months have been a trying time for the Company and its
shareholders due to the proxy contest. The contest has distracted investors from
the real story, the under-valued nature of the Company's assets," said Darren
Blasutti who was named President and Chief Executive Officer by the new Board.
"The new Board intends to earn the trust of all shareholders and in the coming
weeks and months, I look forward to meeting with our shareholders and sharing
our vision for the Company."


Mr. Blasutti continued, "The Company's main asset, the Drumlummon gold project
is a high-grade gold/silver asset advancing toward production with attractive
upside potential and the new Board of RXE looks forward to exploring and
developing it expeditiously. I want to thank our employees in Montana for
working steadfastly on this project and I believe that their continued dedicated
efforts will result in tangible value creation for all shareholders."


Added Mr. Blasutti, "I want to take this opportunity to thank Messrs. Ellwood,
and Teodorovici for their hard work in getting RX Exploration to its current
heights and wish them well in their future endeavors."


In addition to the vote for the Board, shareholders voted in favour of the
following three resolutions:




-- The re-appointment of Collins Barrow LLP as auditors of the Corporation
for the ensuing year and authorizing the directors to fix the
remuneration of the auditors;

-- The resolution ratifying the rolling stock option plan of the
Corporation, as set out in the management information circular dated May
9, 2011;

-- The resolution approving the adoption of a new general by-law, as set
out in the management information circular dated May 9, 2011.



Appointments by the Board

Following the Meeting of Shareholders RX Exploration's Board of Directors met
and made the following appointments:




-- Lorie Waisberg was appointed as the Chairman of the Board of Directors;

-- Darren Blasutti was named President and Chief Executive Officer of RXE;

-- Louis Dionne was appointed Chairman of the Health, Safety and
Environment Committee;

-- Alex Davidson was appointed Chairman of the Compensation and Governance
Committee;

-- Paul Parisotto was appointed Chairman of the Audit Committee.