Explor Resources Inc. (fka EXSFF)

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New Listing Release

http://tmx.quotemedia.com/article.php?newsid=51488665&qm_symbol=EXS

Explor Commences Trading on the OTCQX Under the Symbol "EXSFF"
ROUYN-NORANDA, CANADA--(Marketwire - May 23, 2012) - Explor Resources Inc. (TSX VENTURE:EXS)(PINKSHEETS:EXSFF)(OTCQX:EXSFF)(FRANKFURT:E1H)(BERLIN:E1H) is pleased to announce that its common shares are now trading on the highest tier of the OTC market, OTCQX.

The OTCQX is the premier tier of the U.S. Over-the Counter (OTC) marketplace. It is reserved for international companies with the highest financial standards and is one of three distinct tiers of the OTC Marketplace. The OTCQX provides easy access to U.S. investors and the ability to diversify shareholder base. The OTCQX separates out the credible companies from the large number of economically distresses and questionable companies that trade OTC. Companies that joint OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards.

Chris Dupont, President and Chief Executive Officer of Explor Resources Inc. commented: "We are extremely pleased to join the prestigious tier OTCQX International. The superior information and visibility of the OTCQX marketplace will help Explor build investor confidence and expand our shareholder base. Trading on the OTCQX will help to broaden Explor investor reach by allowing a large number of U.S. brokers to market our shares and by making it easier for U.S. investors to trade our stock. We benefit from having a premier U.S. trading avenue without the regulatory costs of a traditional U.S. Exchange."

Explor also announces that it has appointed Roth Capital Partners, LLC ("Roth Capital") as its Principal American Liaison ("PAL") on OTCQX. Roth Capital will be responsible for providing guidance to Explor on OTCQX requirements and U.S. Securities laws.

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

This press release was prepared by Explor Resources Inc