TSXV: EXS US OTC: EXSFF Frankfurt: E1H1

East Bay

THE PROPERTY

The East Bay property is located in the western central part of Duparquet Township, approximately 1 km west of the Town of Duparquet, Quebec. Excellent road access is provided by a paved road that connects Hwy 101 from Matheson, Ontario to Rouyn-Noranda, Quebec. The property lies on the Porcupine Destor Fault zone, which has been associated with several gold deposits, including the Hollinger, MacIntyre, Dome and Beattie mines. Explor Resources owns 129 mineral claims covering approximately 2631.58 hectares of land.

HISTORY AND GEOLOGICAL BACKGROUND

The mineralization on the property is exposed on Beattie Island within Lac Duparquet and is hosted within the Destor Theolitic Unit of the Blake River Group. Mineralization is associated with interflow volcanic sediments between andesite flows and dioritic sills. The alteration consists of silicification, carbonization and considerable sulphide enrichment. Gold occurs with pyrite-chalcopyrite in shallow dipping quartz veins which crosscut the stratigraphy. Historical channel samples completed by Lacana Mining Corporation in 1982 include 0.81 oz/ton over 5 feet, 0.165 oz/ton over 6 feet and 0.10 oz/ton over 10 feet.

This property is located approximately 0.5 km directly to the west of the former Consolidated Beattie and Donchester gold Mines which produced over 1.0 million oz of gold between 1933-1956. The mineralization appears to be located in a splay off the Porcupine Destor Fault Zone.