﻿<?xml version="1.0" encoding="utf-8"?><rss version="2.0"><channel><title>Explorator Resources Inc. Press Releases</title><link>http://www.explorator.ca/</link><description>generated by Q4</description><lastBuildDate>Mon, 30 Aug 2010 17:00:00 -0400</lastBuildDate><copyright>Copyright Q4 Web Systems. All rights reserved.</copyright><item><title>Explorator Resources Reports on Drilling at El Espino-Results Continue to Add Confidence to Existing Resource Model and Extend Mineralization Beyond Previous Limit Boundaries</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;08/30/10&lt;/chron&gt; -- 
  &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) through its subsidiary Explorator SCM ("Explorator Chile", 51% owned by &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; and 49% owned by Explorator) reports results of an ongoing drilling campaign at the El Espino project in &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;.
&lt;/p&gt;

&lt;p&gt;
The diamond drill program for 2010 is currently budgeted to include a total of 20,425 meters in 95 holes. A total of 4,966 meters of diamond drilling in 23 holes were completed in the second quarter of 2010. Of these, 22 were drilled in the Rachel Zone and one was drilled in the La Viuda Zone, (see plan at end of release).
&lt;/p&gt;

&lt;p&gt;
The drilling continues to result in better definition of contiguous zones of copper-gold mineralization within the stacked mantos of the Rachel Zone and has identified additional mineralization beyond the previous boundaries. Drilling highlights are broken out below into various areas within the Rachel Zone. All significant drill hole intersections are set out in the table at the end of this release.
&lt;/p&gt;

&lt;p&gt;
CENTRAL RACHEL
&lt;/p&gt;

&lt;p&gt;
Three additional holes, PXE-425, PXE-426 and PXE-429, were drilled in central Rachel. PXE-425 was designed to test of the all the mantos and the deep Rachel Gold Zone but was lost at 119 meters due to drilling related problems.
&lt;/p&gt;

&lt;p&gt;
Drill hole PXE-426 was completed to a depth of 377.3 m where it was stopped by poor drilling conditions. The upper mantos were intersected with thicknesses and grades similar to those in adjacent holes, confirming the continuity of mineralization in these mantos. It also intercepted the Rachel Gold Zone 110 metres west of the high grade gold intersection in PXE-329 (27 metres of 11.99 g/t Au). From 273 meters to the hole bottom at 377.3 meters, PXE-426 encountered volcanic breccias hosting scattered calcite veins up to 2 meters thick, with only trace amounts of sulphide, and bottomed in a gold bearing calcite vein. The interval from 314.6 meters to 377.3 meters returned 62.6 meters of 0.94 g/t Au. as indicated below. This result demonstrates that the Rachel Gold Zone has a vertical extend of greater than 100 meters.
&lt;/p&gt;&lt;pre&gt;

--  PXE-426: 46m of 0.67% Cu and 0.25 g/t Au, from 118 meters, sulphide,
    with 17m of 1.02% Cu and 0.22g/t Au
--  PXE-426: 35m of 0.53% Cu and 0.10 g/t Au, from 238 meters, sulphide,
    with 15m of 0.80% Cu and 0.11 g/t Au
--  PXE-426: 63m of 0.00% Cu and 0.94 g/t Au, from 315 meters, sulphide,
    with 21m of 0.00% Cu and 1.87 g/t Au

&lt;/pre&gt;&lt;p&gt;
Drill hole PXE-429 is located in a down dropped block in south central Rachel east. It encountered moderate to high grade intersections in all expected mantos from 93 to 264 metres. The hole failed to reach the deeper M6 manto because of drilling problems.
&lt;/p&gt;&lt;pre&gt;

--  PXE-429: 45m of 1.03% Cu and 0.15 g/t Au of sulphide, from 93 meters
--  PXE-429: 116m of 0.58% Cu and 0.1 g/t Au of sulphide, from 150 meters,
    with 14m of 1.15% Cu and 0.29 g/t Au

&lt;/pre&gt;&lt;p&gt;
NORTHWEST RACHEL ZONE
&lt;/p&gt;

&lt;p&gt;
Three drill holes, PXE-421, PXE-422 and PXE-423 targeted a north-northwest trending zone of mineralization which runs along the western margin of the Rachel zone. Mineralization in this zone is generally confined to the deeper mantos. All 3 drill holes intersected significant mineralization in multiple mantos.
&lt;/p&gt;&lt;pre&gt;

--  PXE-421: 88m of 0.58% Cu and 0.09 g/t Au of sulphide, from 120 meters,
    with 25m of 0.86% Cu and 0.13 g/t Au
--  PXE-422: 48m of 0.58% Cu and 0.05 g/t Au of sulphide, from 200 meters,
    with 8m of 1.37% Cu and 0.06 g/t Au
--  PXE-423: 43m of 0.87% Cu and 0.33 g/t Au of sulphide, from 213 meters,
    with 5m of 3.36% Cu and 0.57g/t Au

&lt;/pre&gt;&lt;p&gt;
The Northwest Rachel Zone is only partially defined. It extends at least 300 meters to the north-northwest and has an east-west extent of greater than 50 meters.
&lt;/p&gt;

&lt;p&gt;
SOUTHWEST RACHEL ZONE
&lt;/p&gt;

&lt;p&gt;
Four drill holes, PXE-404, PXE-406, PXE-427 and PXE-428, were designed to test the gold rich high grade mineralization along the western margin of the Rachel Breccia Zone. This target is important as the mineralization starts at surface. Drill hole PXE-404 was lost at 19 meters due to bad ground conditions. Drill hole PXE-406, PXE-427 and PXE-428 all reached target depth and confirmed the presence of high-grade gold rich mineralization in this area.
&lt;/p&gt;&lt;pre&gt;

--  PXE-406: 39m of 0.63% Cu and 0.13 g/t Au of oxide, from 4 meters, with
    12m of 0.92% Cu and 0.24 g/t Au
--  PXE-406: 35m of 0.51% Cu and 0.03 g/t Au of sulphide, from 43 meters
--  PXE-427: 33m of 1.96% Cu and 0.58 g/t Au of sulphide, from 74 meters,
    with 17m of 3.23% Cu and 1.01 g/t Au
--  PXE-428: 41m of 0.73% Cu and 0.21 g/t Au of sulphide, from 59 meters,
    with 18m of 1.36% Cu and 0.37 g/t Au

&lt;/pre&gt;&lt;p&gt;
Two holes, PXE-430 and PXE-431 were drilled into the up-dip projection of the Rachel mantos along the boundary of Rachel with La Viuda. Both holes encountered well developed mineralization.
&lt;/p&gt;&lt;pre&gt;

--  PXE-430: 27m of 1.13% Cu and 0.45 g/t Au of sulphide, from 130 meters
--  PXE-431: 58m of 0.90% Cu and 0.22 g/t Au of oxide, from 94 meters, with
    25m of 1.81% Cu and 0.33 g/t Au

&lt;/pre&gt;&lt;p&gt;
SOUTHEAST RACHEL
&lt;/p&gt;

&lt;p&gt;
Drill holes PXE-402 and PXE-409 tested for eastward extensions of mineralization in south Rachel. The holes encountered strong epidote-actinolite-pyrite alteration but only minor low grade copper-gold mineralization. These results confirm the eastern boundary of the copper-gold resources in this area.
&lt;/p&gt;

&lt;p&gt;
LA VIUDA
&lt;/p&gt;

&lt;p&gt;
One hole, PXE-432, was drilled at La Viuda to test a northeast trending set of steeply dipping calcite specularite calcite veins exposed in old mine workings. It 432 intersected several parallel sets of veins separated by variably altered and mineralized andesitic volcanic rocks.
&lt;/p&gt;&lt;pre&gt;

--  PXE-432: 20m of 1.18% Cu and 0.97 g/t Au of oxide, from 34 meters, with
    10m of 2.04% Cu and 1.86 g/t Au

&lt;/pre&gt;&lt;p&gt;
The results are consistent with northeast trending parallel sets of sub vertical veins. The zone of veining is 50 to 70 m wide within which there are up to 3 zones consisting of multiple close spaced veins. These zones are in the range of 2 to 20 meters wide and have been traced along strike for 150 meters.
&lt;/p&gt;

&lt;p&gt;
2010 PLANNED DRILLING
&lt;/p&gt;

&lt;p&gt;
Drilling is programmed to begin further testing of the Portugesas and Pirata zones, including testing for extensions of mineralization to the south-west of previous drilling. Subsequent drilling is also planned on the Pichinilla area to the South East of the property which remains open in strike at depth.
&lt;/p&gt;

&lt;p&gt;
UPDATED RESOURCE CALCULATION
&lt;/p&gt;

&lt;p&gt;
An internal updated resource calculation of the Rachel Zone of the El Espino deposit is now underway and will be incorporated into the updated scoping study scheduled for mid Q4, 2010.
&lt;/p&gt;

&lt;p&gt;
OTHER INFORMATION:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David O'Connor&lt;/person&gt;, Vice President, Exploration
&lt;/p&gt;

&lt;p&gt;
ABOUT &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost for the base case of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and a cash cost of &lt;money&gt;US$0.97&lt;/money&gt;/lb net of gold credits based on a gold price of &lt;money&gt;US$850&lt;/money&gt;/oz. Good potential for further resource expansion was also noted. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds directed at the continued exploration and evaluation activities.
&lt;/p&gt;

&lt;p&gt;
REGULATORY FOOTNOTE
&lt;/p&gt;

&lt;p&gt;
Mr. &lt;person&gt;Michael Schuler&lt;/person&gt;, in charge of exploration at Explorator SCM is the "Qualified Person" as defined under the National Instrument 43-101 and is responsible for the scientific and technical work on Explorator SCM's exploration program and is responsible for reviewing the technical disclosure in this news release.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
To view the map associated with this press release, click the following link:
&lt;/p&gt;

&lt;p&gt;
&lt;a href="http://media3.marketwire.com/docs/RachelDrillHoleLocation.pdf"&gt;http://media3.marketwire.com/docs/RachelDrillHoleLocation.pdf&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
To view the tables associated with this press release, click the following link:
&lt;/p&gt;

&lt;p&gt;
&lt;a href="http://media3.marketwire.com/docs/exotables830.pdf"&gt;http://media3.marketwire.com/docs/exotables830.pdf&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David O'Connor&lt;/person&gt;
Vice President Exploration
+56 98 255-9071

&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President &amp;amp; CEO
+56 2 793-4925
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=ee254909-48b1-4417-8a51-bb66d7a2d65b</link><pubDate>Mon, 30 Aug 2010 17:00:00 -0400</pubDate></item><item><title>Explorator Resources Reports on Q2 2010 Financial Results</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;08/30/10&lt;/chron&gt; -- 
  &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) reports its financial results for Q2 2010. Set out herein are the highlights for the quarter. A full version of the Q2 2010 Financial Statements and Management Discussion and Analysis of the Company is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and will be available on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
Highlights:
&lt;/p&gt;&lt;pre&gt;

--  &lt;money&gt;US$10.3 million&lt;/money&gt; El Espino budget approved for 2010, including &lt;money&gt;US$3.7
    million&lt;/money&gt; for drilling (20,425 metres in 95 holes) and &lt;money&gt;US$3.2 million&lt;/money&gt; for
    technical studies.

--  4,966 metres (23 drill holes) drilled during Q2, with assay results
    released on &lt;chron&gt;August 30, 2010&lt;/chron&gt;

--  Updated Scoping Study now expected for Q4 2010 including a comprehensive
    metallurgical test work program focusing on the flotation of both
    Sulphide and Oxide ores as well as proportionally blended samples of
    both types of ore

--  Pre-Feasibility decision to follow with potential completion in the
    first half of 2011

--  AJ Ali appointed Director of Explorator in &lt;chron&gt;July 2010&lt;/chron&gt;, bringing
    considerable experience from previous CFO roles with various junior
    mining companies. Mr. Ali to serve as Chairman of the Company's Audit
    Committee.

--  &lt;money&gt;$4.7 million&lt;/money&gt; cash balance as of &lt;chron&gt;August 2010&lt;/chron&gt;. Explorator &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;
    shareholder agreement provides that Explorator shall not face any
    funding requirement for El Espino during 2010.

--  Net Loss for Q2 2010 of &lt;money&gt;$0.9 million&lt;/money&gt; or &lt;money&gt;$0.017&lt;/money&gt;/share - Explorator Chile
    results equity accounted for the period.


&lt;/pre&gt;&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=87d2c3c5-5675-4837-a41f-3bf83ead77b0</link><pubDate>Mon, 30 Aug 2010 16:46:00 -0400</pubDate></item><item><title>Explorator Resources Restates Third Quarter 2009 MD&amp;A and Financial Statements to Correct Non-Cash Accounting Error</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;08/06/10&lt;/chron&gt; -- 
  &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) announces the restatement of its interim MD&amp;amp;A for the three and nine months ended &lt;chron&gt;September 30, 2009&lt;/chron&gt; in order to properly reflect the impact of a prior period error. The interim consolidated financial statements for the same period, which were restated on &lt;chron&gt;May 7, 2010&lt;/chron&gt;, are being re-filed to include additional note disclosures related to the prior period error. These financial statements and MD&amp;amp;A are available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and will be available on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
The &lt;chron&gt;September 30, 2009&lt;/chron&gt; interim consolidated financial statements were restated to include additional disclosures related to the accounting for its 49% interest in its former Chilean subsidiary, Explorator SCM ("Explorator Chile"). Upon the 51% sale of Explorator Chile on &lt;chron&gt;March 20, 2009&lt;/chron&gt;, the Company elected to account for its remaining 49% interest in Explorator Chile as a long-term investment. Upon further analysis and review during the 2009 year end audit process, management of Explorator determined that it was more appropriate to account for its 49% interest on an equity basis, under which the Company reports its pro-rata 49% share of the income or loss of Explorator Chile on its consolidated financial statements. The correction resulted in the Company recording a non-cash increase in the loss in its results of operations of &lt;money&gt;$913,305&lt;/money&gt; for the nine months ended &lt;chron&gt;September 30, 2009&lt;/chron&gt;, which is 49% of the net loss of Explorator Chile for the period then ended. Of that amount, &lt;money&gt;$711,569&lt;/money&gt; related to the three months ended &lt;chron&gt;September 30, 2009&lt;/chron&gt;. The investment included on the balance sheet as at &lt;chron&gt;September 30, 2009&lt;/chron&gt; was restated and was also reduced by the same amount; the restated investment balance decreased from &lt;money&gt;$9,864,108 to $8,950,803&lt;/money&gt;. The amount has been included in the restated Consolidated Statement of Operations, Comprehensive Loss and Deficit under "Other Income" with the line item "Loss from equity accounted investment". The correction has been reflected in the restated interim consolidated accounts of the Company and the MD&amp;amp;A for this period.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=8d251971-338c-4e4d-8b3e-611696691992</link><pubDate>Fri, 06 Aug 2010 16:05:00 -0400</pubDate></item><item><title>Explorator Announces New Directors</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;07/12/10&lt;/chron&gt; -- 
  &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) is pleased to announce the election of Mr. &lt;person&gt;David Prins&lt;/person&gt; and Mr. &lt;person&gt;Amjad J. Ali&lt;/person&gt; to the board of directors of the Company at the Company's Annual General Meeting (the "Meeting") held on &lt;chron&gt;July 5, 2010&lt;/chron&gt;. At the Meeting Richard Colterjohn, &lt;person&gt;David O'Connor&lt;/person&gt; and &lt;person&gt;Walter Segsworth&lt;/person&gt; were also re-elected as directors of the Company. Following the Meeting Walter Segsworth was named Chairman of the Board of the Company.
&lt;/p&gt;

&lt;p&gt;
Mr. Prins was appointed President and CEO of the Company on &lt;chron&gt;April 9, 2010&lt;/chron&gt;. He is a Civil Engineer with deep experience in the evaluation, design, planning and subsequent development execution stages of mining projects, principally in &lt;location value="LR/cam" idsrc="xmltag.org"&gt;Latin America&lt;/location&gt;.
&lt;/p&gt;

&lt;p&gt;
Mr. Ali is a Chartered Accountant with over 25 years experience in the mining industry. In connection with his appointment, Mr. Ali has been granted 500,000 options to acquire common shares of the Company at a price of &lt;money&gt;$0.43&lt;/money&gt; per share, the terms of which will be governed by the Company's current Stock Option Plan.
&lt;/p&gt;

&lt;p&gt;
The Company wishes to thank and acknowledge the valuable contributions made over the past several years by &lt;person&gt;Antonio Ortuzar Jr.&lt;/person&gt;, who did not stand for re-election as a director.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl;LB/sam" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-10 compliant preliminary assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President and CEO
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=49252c7e-5542-4304-ac33-4bcaa4016923</link><pubDate>Mon, 12 Jul 2010 17:13:00 -0400</pubDate></item><item><title>Explorator Resources Reports on Drilling at El Espino-Results Include 40m of 3.20% Cu and 0.54g/t Au From 151 Meters</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;06/22/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) through its subsidiary Explorator SCM ("Explorator Chile", 51% owned by &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; and 49% owned by Explorator) continues to intersect copper and gold rich horizons in the Rachel area of the El Espino project, where the most important of the near surface copper-gold resources discovered to date are located.
&lt;/p&gt;

&lt;p&gt;
The diamond drill program for 2010, which is underway, includes a total of 20,425 meters in 95 holes. A total of 4,483 meters of diamond drilling in 19 holes and 60 meters of RC drilling in 1 hole was completed in the first quarter of 2010. Of these, 19 were drilled in the Rachel Zone and one was drilled in the Chon Chon Zone, (see plan at end of release).
&lt;/p&gt;

&lt;p&gt;
The drilling continues to result in better definition of contiguous zones of copper-gold mineralisation within the stacked mantos of the Rachel Zone. Of particular note are the following previously unreported intercepts:
&lt;/p&gt;&lt;pre&gt;

--  PXE-385: 7m of 1.26% Cu and 0.15 g/t Au, from 121 meters, sulfide
--  PXE-385: 40m of 3.20% Cu and 0.54 g/t Au, from 151 meters, sulfide
--  PXE-388: 5m of 1.46% Cu and 0.20 g/t Au, from 153 meters, sulfide
--  PXE-388: 7m of 1.36% Cu and 0.26 g/t Au, from 170 meters, sulfide
--  PXE-397: 7m of 1.70% Cu and 2.20 g/t Au, from 58 meters, oxide
--  PXE-398: 11m of 1.47% Cu and 0.30 g/t Au, from 117 meters, sulfide
--  PXE-399: 8m of 0.90% Cu and 0.31 g/t Au, from 156 meters, sulfide
--  PXE-400: 22m of 0.75% Cu and 0.29 g/t Au, from 202 meters, sulfide, with
of 11m @ 1.24% Cu and 0.51 g/tAu
--  PXE-405: 51m of 0.47% Cu and 0.22 g/t Au, from 0 meters, oxide
--  PXE-405: 81m of 0.72% Cu and 0.54 g/t Au, from 51 meters, sulfide
--  PXE-410: 25m of 0.64% Cu and 0.11 g/t Au, from 62 meters, sulfide
--  PXE-411: 14m of 0.87% Cu and 0.07 g/t Au, from 118 meters, sulfide

&lt;/pre&gt;&lt;p&gt;
All significant drill hole intersections are set out in the table at the end of this release.
&lt;/p&gt;

&lt;p&gt;
The following drill hole assay results are pending and will be included in the next release. They are PXE-402, PXE-404, PXE-406, PXE-409 AND PXE-413.
&lt;/p&gt;

&lt;p&gt;
RACHEL ZONE
&lt;/p&gt;

&lt;p&gt;
The high grade intersection in PXE-385 (40 m of 3.20% Cu and 0.54 g/t Au, from 151 meters) is part of a zone of high grade mineralization which strikes roughly north-north-west. Previously reported high grade intersections in adjacent drill holes include:
&lt;/p&gt;&lt;pre&gt;

--  MXE-262 50 m to the south (97 m of 1.05% Cu and 0.05 g/t Au from 122 m)
--  MXE-153 40 m to the west (78 m of 0.97 % Cu and 0.10 g/t Au from 126 m)
--  MXE-246 50 m to the north (51 m of 1.30% Cu and 0.12 g/t Au from 109 m)
--  MXE-262 60 m to the northwest (51 m of 1.15% Cu and 0.11 g/t Au from 140
m)

&lt;/pre&gt;&lt;p&gt;
Drill hole PXE-388 is located 50 m east of MXE-262 and encountered strong to intense pyrite-epidotemagnetite alteration with narrow high grade copper-gold intersections. Drill hole PXE-389 was stopped by drilling problems just above the main manto target.
&lt;/p&gt;

&lt;p&gt;
Four diamond drill holes (PXE-403, 405, 407, and 408) were drilled in south central Rachel in and along the margins of the Rachel Breccia Zone. PXE-403 collared in the Rachel Breccia Zone and was stopped in breccias at 41.5, because of drilling difficulties. Drill hole PXE-405 and PXE-407 targeted the mineralization along the western margin of the Rachel Breccia zone and intersected significant mineralization from surface. Of note is the sulfide intersection in PXE-405 which returned a sulfide intersection of 81 m 0.72% Cu and 0.54 g/t Au from 51 m including 1 m of 1.13% Cu and 36.6 g/t Au and 24 m of 1.11% Cu and 0.11 g/t Au. Hole PXE-408 was drilled in the eastern margin of the Rachel Breccia zone and encountered numerous narrow zones of mineralization interpreted as faulted fragments of mineralized mantos.
&lt;/p&gt;

&lt;p&gt;
Drill Holes PXE-377 and PXE 390 are located along the eastern margin of central Rachel. They encountered only narrow low to medium grade mineralized intervals indicating that mineralization is decreasing in an eastward direction. Drill Hole PXE- 401 is on the southeastern margin of the Rachel zone. It was stopped by drilling problems at 209.9 short of the main target (manto M4). It encountered strong pyrite, epidote and actinolite alteration with generally low copper gold values.
&lt;/p&gt;

&lt;p&gt;
Drill holes PXE-386, PXE-399 and PXE-400 were drilled in south central Rachel near the possible northeast extension of the Pirata zone. Significant mineralization was encountered in the upper manto horizons (M1 - M3) including gold rich near surface sulfide mineralization.
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;RACHEL GOLD ZONE&lt;/person&gt;
&lt;/p&gt;

&lt;p&gt;
Drilling in 2009 intersected gold mineralization in 9 holes at depths of between 180 to 300 meters in the Rachel zone below the copper-gold mantos. This zone is located along the north-east extension of the Portugesas fault. Mineralisation is associated with a stockwork of coarse grained calcite veins in volcanic rocks below a capping siltstone unit. The highest gold grades are generally in veins with free gold and little or no sulphide or specularite. This zone is currently defined over an area of 150m x 300m, from sections 7250 to 7400N and is open to the north and east.
&lt;/p&gt;

&lt;p&gt;
Because ground conditions caused drilling difficulties, only 2 of the 5 holes drilled in the area in the first quarter of 2010 reached the Rachel Gold zone. Drill hole PXE-411 encountered minor scattered calcite veins with gold mineralization. The best intersection was 2 m of 0.00% Cu and 4.36 g/t Au from 319 m, one meter above the bottom of the hole at 322 m. Drill hole PXE-397 bottomed in a calcite vein in the lower manto when drill rods twisted off. The bottom sample consisting of calcite vein from 254.0 to 254.9 returned values of 0.61% Cu, and 3.64 g/t Au. Previously reported hole PXE 329 (44.8m at 8.09g/t Au) also bottomed in gold mineralization due to drilling problems.
&lt;/p&gt;

&lt;p&gt;
CHON CHON ZONE
&lt;/p&gt;

&lt;p&gt;
Drill hole PXE-387 was drilled in southeast Chon Chon and intersected narrow intervals of oxide and mixed mineralization. The most significant interval in this hole (7.7 m of 0.50% Cu and 0.16 g/t Au) correlates stratigraphically with the high grade gold-copper intersection in MXE-063 which is 45 m to the northwest of PXE-387.
&lt;/p&gt;

&lt;p&gt;
2010 PLANNED DRILLING
&lt;/p&gt;

&lt;p&gt;
Drilling is programmed to begin further testing of the Portugesas and Pirata zones, including testing for extensions of mineralization to the south-west of previous drilling. Subsequent drilling is also planned on the Pichinilla area to the South East of the property which remains open in strike at depth.
&lt;/p&gt;

&lt;p&gt;
UPDATED RESOURCE CALCULATION
&lt;/p&gt;

&lt;p&gt;
An internal updated resource calculation of the Rachel Zone of the El Espino deposit is now underway and will be incorporated into the updated scoping study scheduled for Q3, 2010.
&lt;/p&gt;

&lt;p&gt;
OTHER INFORMATION:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David O'Connor&lt;/person&gt; Vice President, Exploration
&lt;/p&gt;

&lt;p&gt;
ABOUT &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$0.97&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$850&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds directed at the continued exploration and evaluation activities.
&lt;/p&gt;

&lt;p&gt;
REGULATORY FOOTNOTE
&lt;/p&gt;

&lt;p&gt;
Mr. &lt;person&gt;Michael Schuler&lt;/person&gt;, in charge of exploration at Explorator SCM is the "Qualified Person" as defined under the National Instrument 43-101 and is responsible for the scientific and technical work on Explorator SCM's exploration program and is responsible for reviewing the technical disclosure in this news release. All analytical work has been completed by &lt;org&gt;ACME Analytical Laboratories of Santiago&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;. ACME is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO17025:1999. They employ a variety of international standards for quality control purposes. Samples are transported from the project to the ACME laboratory in &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt; by ACME personnel in an ACME Truck. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ACME Analytical Code Au-G6 (Au 30g fire assay with AAS finish), (2) ACME analytical code Au-G6GRAV (Au 30g fire assay with a gravity finish), (3) ACME analytical code 7D (23 element analysis using a four acid digestion and ICP-AS analysis). All diamond drill core is geologically logged, cut in half using a diamond saw and sampled by Company geologists in one (1) to three (3) meter sample intervals depending on visual grade estimates; the archive portion of the sample is securely stored at the company's core shed adjacent to the office in the town of Illapel. The Company has a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
To view the map associated with this press release, click the following link: &lt;a href="http://media3.marketwire.com/docs/exo0622map.pdf"&gt;http://media3.marketwire.com/docs/exo0622map.pdf&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
To view the tables associated with this press release, click the following link: &lt;a href="http://media3.marketwire.com/docs/exo0622tables.pdf"&gt;http://media3.marketwire.com/docs/exo0622tables.pdf&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David O'Connor&lt;/person&gt;
Vice President Exploration
+56 98 255-9071

&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President &amp;amp; CEO
+56 2 793-4925
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=9478d4c4-0612-4f51-8408-042acfceb1b1</link><pubDate>Tue, 22 Jun 2010 08:30:00 -0400</pubDate></item><item><title>Explorator Resources Reports on Q1 2010 Financial Results</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;05/27/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) reports its financial results for Q1 2010. Set out herein are the highlights for the quarter. A full version of the Q1 2010 Financial Statements and Management Discussion and Analysis of the Company is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and will be available on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
Highlights:
&lt;/p&gt;&lt;pre&gt;

--  &lt;money&gt;US$10.3 million&lt;/money&gt; El Espino budget approved for 2010, including &lt;money&gt;US$3.7
million&lt;/money&gt; for drilling (20,425 metres in 95 holes) and &lt;money&gt;US$3.2 million&lt;/money&gt; for
technical studies.
--  5,038 metres (27 drill holes) drilled during Q1, with assay results to
be released in the coming weeks.
--  Updated Scoping Study remains on track for Q3 2009; Pre-Feasibility
decision to follow with potential completion in early 2011.
--  &lt;person&gt;David Prins&lt;/person&gt; appointed President &amp;amp; CEO of Explorator in &lt;chron&gt;April 2010&lt;/chron&gt;,
bringing considerable experience in mining project evaluation and
development execution across &lt;location value="LR/cam" idsrc="xmltag.org"&gt;Latin America&lt;/location&gt; - will lead Explorator
participation in El Espino Technical Committee.
--  &lt;person&gt;David O'Connor&lt;/person&gt; appointed Vice President, Exploration, focusing on
acquisition of additional exploration or evaluation stage copper
projects.
--  &lt;money&gt;$4.9 million&lt;/money&gt; cash balance as of &lt;chron&gt;May 2010&lt;/chron&gt;. Explorator &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; shareholder
agreement provides that Explorator shall not face any funding
requirement for El Espino during 2010.
--  Net Loss for Q1 2010 of &lt;money&gt;$0.3 million&lt;/money&gt; or &lt;money&gt;$0.004&lt;/money&gt;/share - Explorator Chile
results equity accounted for the period.

&lt;/pre&gt;&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=148b0580-0662-45e8-bf63-9f7976cec964</link><pubDate>Thu, 27 May 2010 17:00:00 -0400</pubDate></item><item><title>Explorator Resources Restates Third Quarter 2009 Financial Results to Reflect Change in Accounting Policy</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;05/07/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) announces the restatement of its interim consolidated financial statements for the nine months ended &lt;chron&gt;September 30, 2009&lt;/chron&gt; in order to properly reflect a change of accounting policy adopted as part of the 2009 yearend audit review. These financial statements are available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and will be available on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
The &lt;chron&gt;September 30, 2009&lt;/chron&gt; interim consolidated financial statements were restated to address a change in accounting policy related to the accounting for its 49% interest in its former Chilean subsidiary, Explorator SCM ("Explorator Chile"). Upon the 51% sale of Explorator Chile on &lt;chron&gt;March 20, 2009&lt;/chron&gt;, the Company elected to account for its remaining 49% interest in Explorator Chile as a long-term investment. Upon further analysis and review during the 2009 year end audit process, management of Explorator determined that it was more appropriate to account for its 49% interest on an equity basis, under which the Company reports its pro-rata 49% share of the income or loss of Explorator Chile on its consolidated financial statements. As previously reported in the Company's audited 2009 annual financial statements, this resulted in the Company recording a loss in its results of operations of &lt;money&gt;$1,822,150&lt;/money&gt; for the year ended &lt;chron&gt;December 31, 2009&lt;/chron&gt;, which is 49% of the net loss of Explorator Chile for the year then ended. Of that amount, &lt;money&gt;$913,305&lt;/money&gt; related to the nine months ended &lt;chron&gt;September 30, 2009&lt;/chron&gt;, which has now been reflected in the restated interim consolidated accounts of the Company for this period. Management has also reviewed the impact that this change in accounting policy would have had on the interim consolidated financial statements for the second quarter ended &lt;chron&gt;June 30, 2009&lt;/chron&gt; and the amount was determined to fall below the Company's materiality threshold due to limited activity in Explorator Chile during this period.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=8bbbb9f7-143e-4eec-8720-07902b962b7a</link><pubDate>Fri, 07 May 2010 08:30:00 -0400</pubDate></item><item><title>Explorator Resources Reports on 2009 Financial Results</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;05/03/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) reports its financial results for 2009. Set out herein are the highlights and a summary of the MD&amp;amp;A for the year. A full version of the 2009 Financial Statements and Management Discussion and Analysis of the Company is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and will be available on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
Highlights:
&lt;/p&gt;&lt;pre&gt;

--  Company closed sale of 51% interest in Explorator Chile to Pucobre in
&lt;chron&gt;March 2009&lt;/chron&gt;, for minimum &lt;money&gt;US$17 million&lt;/money&gt; capital contribution for El Espino
copper-gold project in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;.
--  Explorator &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; exercised option to acquire 100% of El Espino for
&lt;money&gt;US$7.0 million&lt;/money&gt; in &lt;chron&gt;March 2009&lt;/chron&gt;.
--  NI 43-101 compliant El Espino Preliminary Assessment filed in May.
Highlights include:
--  Average annual production of 77 million lbs copper and 40,000 oz
gold over 19 year mine life
--  LOM cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold
price of &lt;money&gt;$680&lt;/money&gt;/oz.)
--  LOM production of 1.467 billion lbs copper and 755,000 oz. gold
--  Good potential noted for further resource expansion.
--  Further 17,771 metres drilled in 68 holes at El Espino in 2009. Results
generally validate 2008 Micon resource model in Rachel area, while
developing additional mineralization below pit shell, including a deeper
gold zone.
--  El Espino 2009 expenditures of &lt;money&gt;US$11.4 million&lt;/money&gt;, including &lt;money&gt;US$7.0 million&lt;/money&gt;
for option exercise and &lt;money&gt;US$4.4 million&lt;/money&gt; in drilling and other
expenditures.
--  &lt;money&gt;US$10.3 million&lt;/money&gt; El Espino budget approved for 2010, including &lt;money&gt;US$3.7
million&lt;/money&gt; for drilling (20,425 metres in 95 holes) and &lt;money&gt;US$3.2 million&lt;/money&gt; for
technical studies.
--  Updated Scoping Study planned for Q3 2009; Pre-Feasibility decision to
follow with potential completion in early 2011
--  &lt;person&gt;Walter Segsworth&lt;/person&gt; and &lt;person&gt;Richard Colterjohn&lt;/person&gt; joined Explorator Board in
&lt;chron&gt;November 2009&lt;/chron&gt;, bringing considerable experience in mining operations and
capital markets respectively.
--  &lt;person&gt;David Prins&lt;/person&gt; appointed President &amp;amp; CEO of Explorator in &lt;chron&gt;April 2010&lt;/chron&gt;,
bringing considerable experience in mining project evaluation and
development execution across &lt;location value="LR/cam" idsrc="xmltag.org"&gt;Latin America&lt;/location&gt; - will lead Explorator
participation in El Espino Technical Committee.
--  &lt;person&gt;David O'Connor&lt;/person&gt; appointed Vice President, Exploration, focusing on
acquisition of additional exploration or evaluation stage copper
projects.
--  Financing activities raised &lt;money&gt;$7.1 million&lt;/money&gt; in 2009 - &lt;money&gt;$5.1 million&lt;/money&gt; cash
balance as of &lt;chron&gt;April 2010&lt;/chron&gt;. Explorator &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; shareholder agreement
provides that Explorator shall not face any funding requirement for El
Espino during 2010.
--  Net Loss for 2009 of &lt;money&gt;$2.9 million&lt;/money&gt; or &lt;money&gt;$0.04&lt;/money&gt;/share - Explorator Chile
results consolidated until &lt;chron&gt;March 20&lt;/chron&gt; and then equity accounted
thereafter.

&lt;/pre&gt;&lt;p&gt;
Extract from the Company's Management Discussion and Analysis:
&lt;/p&gt;

&lt;p&gt;
Description of the Business
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") was incorporated under the Business Corporations Act (&lt;location value="LS/ca.ab" idsrc="xmltag.org"&gt;Alberta&lt;/location&gt;) on &lt;chron&gt;May 18, 2005&lt;/chron&gt; and was continued under the laws of the Province of &lt;location value="LS/ca.on" idsrc="xmltag.org"&gt;Ontario&lt;/location&gt; on &lt;chron&gt;September 22, 2007&lt;/chron&gt;. On &lt;chron&gt;January 25, 2007&lt;/chron&gt;, the Company acquired &lt;org&gt;Maximus Resources Chile S.A.&lt;/org&gt; ("Maximus"), a private Chilean company and on &lt;chron&gt;October 10, 2007&lt;/chron&gt; &lt;org&gt;Maximus&lt;/org&gt; changed its name to &lt;org&gt;Explorator Resources Chile S.A.&lt;/org&gt; Upon acquisition, Explorator Chile's sole asset was an agreement to acquire a 100% interest in the El Espino claim block. In &lt;chron&gt;March 2009&lt;/chron&gt;, Explorator Chile exercised the option-to-purchase agreement relating to the &lt;org&gt;El Espino Project&lt;/org&gt; by payment of &lt;money&gt;US$7.0 million&lt;/money&gt; and now owns a 100% interest in the &lt;org&gt;El Espino Project&lt;/org&gt;.
&lt;/p&gt;

&lt;p&gt;
SPC Investment in Explorator Chile
&lt;/p&gt;

&lt;p&gt;
On &lt;chron&gt;March 19, 2009&lt;/chron&gt;, Explorator completed a previously announced agreement with &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") pursuant to which SPC acquired a 51% interest in Explorator Chile in exchange for a payment of &lt;money&gt;US$17 million&lt;/money&gt; (the "Agreement"). The Company now records its interest in Explorator Chile as an equity investment.
&lt;/p&gt;

&lt;p&gt;
Under the terms of the Agreement, SPC made a capital contribution of &lt;money&gt;US$10 million&lt;/money&gt; to Explorator Chile at the end of &lt;chron&gt;March 2009&lt;/chron&gt; and will make a further capital contribution of &lt;money&gt;US$7 million&lt;/money&gt; to Explorator Chile within 18 months of closing, representing a 51% interest in Explorator Chile. Additionally, the Agreement requires SPC to provide additional funds (up to &lt;money&gt;US$1.5 million&lt;/money&gt;) that would be required to carry out a bankable feasibility study with respect to the &lt;org&gt;El Espino Project&lt;/org&gt;. Explorator will retain a royalty of &lt;money&gt;US$0.10&lt;/money&gt; per ton of ore that may be processed from the El Espino project.
&lt;/p&gt;

&lt;p&gt;
Of the initial SPC &lt;money&gt;US$10 million&lt;/money&gt; capital contribution into Explorator Chile, &lt;money&gt;US$7.0 million&lt;/money&gt; was used in &lt;chron&gt;March 2009&lt;/chron&gt; to complete its acquisition of a 100% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt;. The remaining &lt;money&gt;US$3.0 million&lt;/money&gt; of SPC's initial capital contribution and SPC's required further capital contributions of up to &lt;money&gt;US$8.5 million&lt;/money&gt; will be used to finance the continued exploration and evaluation of the &lt;org&gt;El Espino Project&lt;/org&gt;.
&lt;/p&gt;

&lt;p&gt;
El Espino Project Overview
&lt;/p&gt;

&lt;p&gt;
&lt;org&gt;The El Espino Project&lt;/org&gt; lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits.
&lt;/p&gt;

&lt;p&gt;
The latest NI 43-101 mineral resource estimate for &lt;org&gt;El Espino Project&lt;/org&gt; audited by &lt;org&gt;Micon International Limited&lt;/org&gt; (see press release dated &lt;chron&gt;November 25, 2008&lt;/chron&gt;) described: (1) oxide mineralization containing 26.9 million tonnes grading 0.53% Cu and 0.33 g/t Au in an indicated category and 3.7 million tonnes grading 0.41% Cu and 0.16 g/t Au in an inferred category; and (2) sulphide mineralization containing 96.1 million tonnes grading 0.70% Cu and 0.21 g/t Au in an indicated category and 28.4 million tonnes grading 0.62% Cu and 0.19 g/t Au in an inferred category.
&lt;/p&gt;

&lt;p&gt;
A National Instrument 43-101 compliant preliminary assessment (the "Preliminary Assessment") was completed on the &lt;org&gt;El Espino Project&lt;/org&gt; in &lt;chron&gt;May 2009&lt;/chron&gt; (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;). The Preliminary Assessment defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion.
&lt;/p&gt;

&lt;p&gt;
El Espino Project Exploration Update - 2009 Program
&lt;/p&gt;

&lt;p&gt;
During 2009, total Explorator Chile expenditures on El Espino amounted to &lt;money&gt;US$11.4 million&lt;/money&gt;. This included &lt;money&gt;US$7.0&lt;/money&gt; for the final payment for the exercise of the El Espino option to purchase agreement (see "Description of the Business" above) and &lt;money&gt;US$4.4 million&lt;/money&gt; in other project related expenses, consisting of &lt;money&gt;US$2.4 million&lt;/money&gt; in drilling and assaying costs, &lt;money&gt;US$0.8 million&lt;/money&gt; in IVA and &lt;money&gt;US$1.2 million&lt;/money&gt; in other expenditures.
&lt;/p&gt;

&lt;p&gt;
During 2009 a total of 15,380 metres of diamond drilling was completed in 70 holes in the Rachel and Chon Chon areas. A plan map showing pre-2009 drilling, together with 2009 drilling in the Rachel area may be found on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;. In addition, a total of 2,391 meters of reverse circulation drilling was completed in 13 holes. The reverse circulation drilling was focused on condemnation drilling in preparation for proposed mine infrastructure developments.
&lt;/p&gt;

&lt;p&gt;
In the Rachel zone, which contains over 50% of the current El Espino resource base and extends roughly 1,100 meters north-south and 600 metres east-west, the 2009 drilling has increased drilling density and has resulted in better definition of contiguous zones of copper-gold mineralisation within the stacked mantos. Details of the reported intercepts can be found in the press release dated &lt;chron&gt;April 13, 2010&lt;/chron&gt; on the Company's website at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;. Details show that the 2009 drilling has generally validated the 2008 Micon resource model for &lt;person&gt;Rachel Area&lt;/person&gt; within the 2008 pit shell floated by &lt;org&gt;AMEC&lt;/org&gt;. They also show the development of additional mineralization below the 2008 pit shell in their preliminary economic assessment, and which could add to the project's overall economics, in the event that it is subsequently incorporated into a revised pit shell.
&lt;/p&gt;

&lt;p&gt;
The 2009 drilling has intersected a zone of gold mineralization at depth in the Rachel zone, located along the north-east extension of the Portugesas fault. Mineralisation is associated with a stockwork of coarse grained calcite veins in volcanic rocks below a capping siltstone unit. The highest gold grades are generally in veins with free gold and little or no sulphide or specularite. This zone is currently defined over an area of 150m x 300m, from sections 7250 to 7400N and is open to the north and east. To date, 9 drill holes have intersected this zone.
&lt;/p&gt;

&lt;p&gt;
The drill holes in the Rachel area were designed to confirm and extend the resources outlined by previous drilling campaigns. The results support the resource model utilized by &lt;org&gt;Micon International Limited&lt;/org&gt; in the latest resource estimate. Of interest is the near surface high-grade mineralization in MXE-330 and MXE-331, which could have a positive impact on project economics.
&lt;/p&gt;

&lt;p&gt;
The drill holes at Chon Chon targeted a high-grade gold zone discovered by previous drilling. The drill holes intersected anomalous gold in the stratigraphically controlled horizon which hosts the high grade gold but failed to return high-grade gold values. The results demonstrate the erratic nature of the high grade gold mineralization at Chon Chon. In results announced on &lt;chron&gt;April 13, 2010&lt;/chron&gt;, the Company reported that four holes were drilled in the Chon Chon zone in 2009. None of these holes intersected high grade gold mineralization, confirming the erratic nature of gold in this area and reducing size potential of the Chon Chon gold zone. This could result in a reduction in the quantity of mineable gold ounces in the Chon Chon portion of the El Espino resource and negatively impact &lt;org&gt;AMEC's&lt;/org&gt; cash flow model of the &lt;org&gt;El Espino Project&lt;/org&gt; preliminary assessment of &lt;chron&gt;May 2009&lt;/chron&gt;.
&lt;/p&gt;

&lt;p&gt;
El Espino Project Exploration Update - 2010 Program
&lt;/p&gt;

&lt;p&gt;
The board of Explorator Chile has approved a &lt;money&gt;US$10.3 million&lt;/money&gt; Program &amp;amp; Budget for evaluation activities at the &lt;org&gt;El Espino Project&lt;/org&gt; during 2010, with a significant portion of expenditures directed at the completion of an Updated Scoping Study, expected in Q3 2010.
&lt;/p&gt;

&lt;p&gt;
Included in the 2010 Program &amp;amp; Budget is &lt;money&gt;US$3.7 million&lt;/money&gt; for drilling and assaying, consisting of 20,425 metres in 95 holes (see Explorator news release dated &lt;chron&gt;April 13, 2010&lt;/chron&gt;). This includes 41 drill holes planned in the Rachel area in preparation for an updated resource estimate, 9 at Chon Chon to improve the accuracy of the resource model in this area, and a total of 45 holes in the Portugesas, Pirata and Pichanilla areas to test for extensions of resources along strike and at depth.
&lt;/p&gt;

&lt;p&gt;
Also included in the 2010 Program &amp;amp; Budget is approximately &lt;money&gt;US$3.2 million&lt;/money&gt; in various studies, including mine, plant and tailings engineering, water supply, environmental, metallurgical test work and geotechnical studies. The balance relates to various salaries and general administrative expenses and approximately &lt;money&gt;US$1.6 million&lt;/money&gt; of IVA (sales tax), which would be recoverable in the event of the future development of the El Espino project.
&lt;/p&gt;

&lt;p&gt;
It is currently planned that the Updated Scoping Study will incorporate an updated resource, mine plan, capital and operating costs, together with such additional metallurgical work as may be available at that time. It will also draw from the previous analysis as reported in the 2009 Scoping Study (see &lt;chron&gt;May 30, 2009&lt;/chron&gt; NI 43-101 El Espino Preliminary Assessment Technical Report which is filed on SEDAR and posted on the Company's web site). Based on the results of the Updated Scoping Study, the Explorator Chile board will make a determination as to whether to proceed to a Pre-Feasibility study, which if commissioned, would be expected to be completed in early 2011.
&lt;/p&gt;

&lt;p&gt;
Other Projects
&lt;/p&gt;

&lt;p&gt;
In addition to its investment in El Espino, Company management continues to evaluate additional potential investment opportunities.
&lt;/p&gt;

&lt;p&gt;
Management
&lt;/p&gt;

&lt;p&gt;
In &lt;chron&gt;April 2010&lt;/chron&gt;, Explorator announced the appointment of &lt;person&gt;David Prins&lt;/person&gt; to the position of President and CEO of the Company. Mr. Prins will be replacing &lt;person&gt;David O'Connor&lt;/person&gt; as President and CEO, who will continue on in the role as Vice President, Exploration for the Company. In connection with his appointment, Mr. Prins was granted 1,000,000 Explorator Options at an exercise price of &lt;money&gt;$0.54&lt;/money&gt;, the terms of which will be governed by the Company's current Stock Option Plan.
&lt;/p&gt;

&lt;p&gt;
Mr. Prins is a Civil Engineer with extensive experience in the evaluation, design, planning and subsequent development execution stages of mining projects, principally in &lt;location value="LR/cam" idsrc="xmltag.org"&gt;Latin America&lt;/location&gt;. Prior to joining the Company, he was the principal of his own &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt; based consulting firm which provided project evaluation and management services to many leading precious and base metals mining companies. In this capacity, Mr. Prins previously assisted Explorator in the preparation of its Preliminary Assessment of the Company's El Espino project (49% owned by Explorator).
&lt;/p&gt;

&lt;p&gt;
In &lt;chron&gt;November 2009&lt;/chron&gt;, the Company announced the appointment of &lt;person&gt;Walter Segsworth&lt;/person&gt; and &lt;person&gt;Richard Colterjohn&lt;/person&gt; to the Board of Directors. Concurrent with the appointment of these directors, &lt;person&gt;Tony Wonnacott&lt;/person&gt; resigned as a director and officer of the Company.
&lt;/p&gt;

&lt;p&gt;
Mr. Segsworth, a professional engineer, brings much experience as an operator and director in the mining sector. His operating roles have included being President and COO of &lt;org&gt;Homestake Mining Company&lt;/org&gt; and President and CEO of &lt;org&gt;Westmin Resources Ltd.&lt;/org&gt; He has served on a number of boards, including as Chairman of &lt;org&gt;Centenario Copper Corporation&lt;/org&gt;, &lt;org&gt;Cumberland Resources Ltd.&lt;/org&gt; and &lt;org&gt;Plutonic Power Corporation&lt;/org&gt;.
&lt;/p&gt;

&lt;p&gt;
Mr. Colterjohn is a principal of Glencoban and has over 20 years of involvement in the mining sector as an investment banker, director and operator. Most recently, he was founder, President and CEO, and Director of &lt;org&gt;Centenario Copper Corporation&lt;/org&gt;. His directorships have also included &lt;org&gt;Cumberland Resources Ltd.&lt;/org&gt;, &lt;org&gt;Canico Resource Corp.&lt;/org&gt;, &lt;org&gt;Viceroy Exploration Ltd.&lt;/org&gt;, &lt;org&gt;MAG Silver Corp.&lt;/org&gt;, and &lt;org&gt;Gammon Gold Inc.&lt;/org&gt; Previously, his career was focused as an investment banker, most recently as Managing Director and Head of the Mining Sector practice for &lt;org&gt;UBS Bunting Warburg Ltd.&lt;/org&gt; in &lt;location value="LC/ca" idsrc="xmltag.org"&gt;Canada&lt;/location&gt;.
&lt;/p&gt;

&lt;p&gt;
Results of Operations for the Year Ended &lt;chron&gt;December 31, 2009&lt;/chron&gt; versus 2008
&lt;/p&gt;

&lt;p&gt;
For accounting purposes, Explorator's results for the year ended &lt;chron&gt;December 31, 2009&lt;/chron&gt; reflect the results of operations of the Chilean subsidiary, Explorator Chile, up to &lt;chron&gt;March 20, 2009&lt;/chron&gt;, the date the Company completed the sale of 51% of the subsidiary, compared to 100% of the results of its then wholly-owned subsidiary for 2008. As of &lt;chron&gt;March 20, 2009&lt;/chron&gt;, Explorator accounts for its investment in Explorator Chile as an equity investment, whereby it reports its pro-rata 49% share of income or loss of Explorator Chile. The net loss for the year ended &lt;chron&gt;December 31, 2009&lt;/chron&gt; was &lt;money&gt;$2,914,047&lt;/money&gt; or &lt;money&gt;$0.04&lt;/money&gt; per share compared to a net loss of &lt;money&gt;$7,443,916&lt;/money&gt; or &lt;money&gt;$0.16&lt;/money&gt; per share for 2008.
&lt;/p&gt;

&lt;p&gt;
Liquidity Outlook
&lt;/p&gt;

&lt;p&gt;
As at &lt;chron&gt;April 30, 2010&lt;/chron&gt;, cash balances were approximately &lt;money&gt;$5,100,000&lt;/money&gt;, inclusive of the proceeds of a &lt;money&gt;$4.4 million&lt;/money&gt; private placement which closed on &lt;chron&gt;November 6, 2009&lt;/chron&gt;.
&lt;/p&gt;

&lt;p&gt;
In connection with the sale of 51% of Explorator Chile, SPC is obligated to make capital contributions into Explorator Chile of a minimum of &lt;money&gt;US$17.0 million&lt;/money&gt;, and up to &lt;money&gt;US$18.5 million&lt;/money&gt;, in order to advance the &lt;org&gt;El Espino Project&lt;/org&gt;. Of this amount, &lt;money&gt;US$7.0&lt;/money&gt; was used in &lt;chron&gt;March 2009&lt;/chron&gt; to exercise the option-to-purchase agreement relating to the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt;. The balance of the capital contributions will be directed towards the exploration and evaluation of the &lt;org&gt;El Espino Project&lt;/org&gt;.
&lt;/p&gt;

&lt;p&gt;
Between the inception of joint ownership of Explorator Chile on &lt;chron&gt;March 20, 2009&lt;/chron&gt; and the end of 2009, Pucobre has funded cumulative Explorator Chile expenditures of &lt;money&gt;US$10.5 million&lt;/money&gt;. Based on the approved 2010 Program &amp;amp; Budget, cumulative expenditures from inception of joint ownership to the end of 2010 are projected to amount to &lt;money&gt;US$20.7 million&lt;/money&gt;. Pucobre will contribute the balance of its initial capital contribution of &lt;money&gt;US$6.5 million&lt;/money&gt;, leaving an expected funding shortfall of &lt;money&gt;US$3.7 million&lt;/money&gt; to the end of 2010, of which Explorator's share would be 49% or &lt;money&gt;US$1.8 million&lt;/money&gt;. In the event that all or a portion of this shortfall needs to be funded during 2010, Pucobre has agreed to contribute the additional &lt;money&gt;$1.5 million&lt;/money&gt; discussed above and may elect to either bridge any remaining funding shortfall until the end of 2010 or delay a portion of the investment program.
&lt;/p&gt;

&lt;p&gt;
Prior to the end of 2010, the Company does not, therefore, currently anticipate the requirement to make any additional funding commitments to Explorator Chile. In the interim, the Company will use existing cash balances for general corporate overhead and working capital purposes as it evaluates additional potential investment opportunities.
&lt;/p&gt;

&lt;p&gt;
Explorator currently anticipates that it will meet any future capital calls in 2011 that relate to evaluation stage activities at El Espino from a combination of cash on hand and the proceeds from offerings of equity securities in the capital markets. In the event of a decision to bring the El Espino project into production, the Company anticipates that it will require access to considerably greater funding resources than it currently has available to it. The Company anticipates that it would meet this funding requirement by means of a combination of debt and equity financing in the capital markets. However, there can be no assurance that such funding will be available to the Company on terms acceptable to it, if at all.
&lt;/p&gt;

&lt;p&gt;
Risks and Uncertainties
&lt;/p&gt;

&lt;p&gt;
Exploration, development and mining of metals involve numerous inherent risks. As such, the Company is subject to various financial, operational and political risks that could have a significant impact on its profitability and levels of operating cash flows. Although the Company assesses and minimizes these risks by applying high operating standards, including careful management and planning of its facilities, hiring qualified personnel and developing their skills through training and development programs, these risks cannot be eliminated. Such risks include changes in local laws governing the mining industry, a decline in commodity prices and the activity in the mining sector, and uncertainties inherent in estimating mineral reserves and mineral resources.
&lt;/p&gt;

&lt;p&gt;
Readers are encouraged to read and consider the risk factors more particularly described in Note 10, "Financial Instruments Risk Exposure and Risk Management" to the Audited Consolidated Financial Statements for the year ended &lt;chron&gt;December 31, 2009&lt;/chron&gt;, which have been filed on the Company's website and on SEDAR (&lt;a href="http://www.sedar.com/"&gt;http://www.sedar.com/&lt;/a&gt;). Such risk factors could materially affect the future operating results of the Company and could cause actual events to differ materially from those described in forward-looking statements relating to the Company.
&lt;/p&gt;

&lt;p&gt;
An investment in the securities of the Company should be considered speculative due, generally, to the nature of the business in which the Company is engaged, the limited extent of the Company's assets, the Company's state of development and the degree of its reliance upon the expertise of management.
&lt;/p&gt;

&lt;p&gt;
The Company's investment in Explorator Chile represents its sole material investment at this time. As a result of the sale of the majority interest in Explorator Chile in &lt;chron&gt;March 2009&lt;/chron&gt;, the Company now holds a 49% minority interest in Explorator Chile. While the Company believes that it exerts significant influence over the affairs of Explorator Chile, it no longer exerts control, which might compromise the Company's ability to maximize the value of this investment.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
REGULATORY FOOTNOTE
&lt;/p&gt;

&lt;p&gt;
Mr. &lt;person&gt;Michael Schuler&lt;/person&gt;, in charge of exploration at Explorator SCM is the "Qualified Person" as defined under the National Instrument 43-101 and is responsible for the scientific and technical work on Explorator SCM's exploration program and is responsible for reviewing the technical disclosure in this news release. All analytical work has been completed by &lt;org&gt;ACME Analytical Laboratories of Santiago&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;; ACME is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO17025:1999. They employ a variety of international standards for quality control purposes. Samples are transported from the project to the ACME laboratory in &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt; by ACME personnel in an ACME Truck. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ACME Analytical Code Au-G6 (Au 30g fire assay with AAS finish), (2) ACME analytical code Au-G6GRAV (Au 30g fire assay with a gravity finish), (3) ACME analytical code 7D (23 element analysis using a four acid digestion and ICP-AS analysis). All diamond drill core is geologically logged, cut in half using a diamond saw and sampled by Company geologists in one (1) to three (3) meter sample intervals depending on visual grade estimates; the archive portion of the sample is securely stored at the company's core shed adjacent to the office in the town of Illapel. The Company has a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=8d97b071-b396-4e97-b9f8-d8a39aeffb12</link><pubDate>Mon, 03 May 2010 08:30:00 -0400</pubDate></item><item><title>Explorator Resources Announces US$10.3 Million 2010 Budget for El Espino Project, With Updated Scoping Study Planned for Q3 2010</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;04/30/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) through its affiliate Explorator Chile SCM ("SCM", 51% owned by &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("Pucobre") and 49% owned by Explorator) announces that the board of SCM has approved a &lt;money&gt;US$10.3 million&lt;/money&gt; Program &amp;amp; Budget for evaluation activities at the &lt;org&gt;El Espino Project&lt;/org&gt; during 2010, with a significant portion of expenditures directed at the completion of an Updated Scoping Study, expected in Q3 2010.
&lt;/p&gt;

&lt;p&gt;
Included in the 2010 Program &amp;amp; Budget is &lt;money&gt;US$3.7 million&lt;/money&gt; for drilling and assaying, consisting of 20,425 metres in 95 holes (see Explorator news release dated &lt;chron&gt;April 13, 2010&lt;/chron&gt;). This includes 41 drill holes planned in the Rachel area in preparation for an updated resource estimate, 9 at Chon Chon to improve the accuracy of the resource model in this area, and a total of 45 holes in the Portugesas, Pirata and Pichanilla areas to test for extensions of resources along strike and at depth.
&lt;/p&gt;

&lt;p&gt;
Also included in the 2010 Program &amp;amp; Budget is approximately &lt;money&gt;US$3.2 million&lt;/money&gt; in various studies, including mine, plant and tailings engineering, water supply, environmental, metallurgical test work and geotechnical studies. The balance relates to various salaries and general administrative expenses and approximately &lt;money&gt;US$1.6 million&lt;/money&gt; of IVA (sales tax), which would be recoverable in the event of the future development of the El Espino project.
&lt;/p&gt;

&lt;p&gt;
During 2009, total SCM expenditures on El Espino amounted to &lt;money&gt;US$11.4 million&lt;/money&gt;. This included &lt;money&gt;US$7.0&lt;/money&gt; for the final payment for the exercise of the El Espino option to purchase agreement and &lt;money&gt;US$4.4 million&lt;/money&gt; in other project related expenses, consisting of &lt;money&gt;US$2.4 million&lt;/money&gt; in drilling and assaying costs, &lt;money&gt;US$0.8 million&lt;/money&gt; in IVA and &lt;money&gt;US$1.2 million&lt;/money&gt; in other expenditures.
&lt;/p&gt;

&lt;p&gt;
It is currently planned that the Updated Scoping Study will incorporate an updated resource, mine plan, capital and operating costs, together with such additional metallurgical work as may be available at that time. It will also draw from the previous analysis as reported in the 2009 Scoping Study (see &lt;chron&gt;May 30, 2009&lt;/chron&gt; NI 43-101 El Espino Preliminary Assessment Technical Report which is filed on SEDAR and posted on the Company's web site). Based on the results of the Updated Scoping Study, the SCM board will make a determination as to whether or not to proceed to a Pre-Feasibility study, which if commissioned, would be expected to be completed in early 2011.
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President and CEO of Explorator commented: "We are excited to be moving forward with the evaluation of El Espino in 2010. An Updated Scoping Study will allow us to better analyze various process and infrastructure alternatives that were not evaluated in the previous Scoping Study which was focused on dimensioning the property's potential and to provide a solid technical platform from which to design future drilling programs. This evaluation, together with the results of considerable additional drilling activity, should serve to significantly derisk and better define the economics of the project."
&lt;/p&gt;

&lt;p&gt;
Explorator and Pucobre entered into a Shareholders Agreement in relation to SCM in &lt;chron&gt;March 2009&lt;/chron&gt;, pursuant to which Pucobre acquired 51% of SCM in return for contributing into SCM &lt;money&gt;$17.0 million&lt;/money&gt;, plus up to a further &lt;money&gt;$1.5 million&lt;/money&gt; if required in order to complete a bankable feasibility study. Future capital calls are to be funded by Pucobre and Explorator pro-rata, although no capital calls shall be made prior to &lt;chron&gt;December 31, 2010&lt;/chron&gt;.
&lt;/p&gt;

&lt;p&gt;
Between the inception of joint ownership of SCM on &lt;chron&gt;March 20, 2009&lt;/chron&gt; and the end of 2009, Pucobre has funded cumulative SCM expenditures of &lt;money&gt;US$10.5 million&lt;/money&gt;. Based on the approved 2010 Program &amp;amp; Budget, cumulative expenditures from inception of joint ownership to the end of 2010 are projected to amount to &lt;money&gt;US$20.7 million&lt;/money&gt;. Pucobre will contribute the balance of its initial capital contribution of &lt;money&gt;US$6.5 million&lt;/money&gt;, leaving an expected funding shortfall of &lt;money&gt;US$3.7 million&lt;/money&gt; to the end of 2010, of which Explorator's share would be 49% or &lt;money&gt;US$1.8 million&lt;/money&gt;. In the event that all or a portion of this shortfall needs to be funded during 2010, Pucobre has agreed to make additional contributions of up to &lt;money&gt;$1.5 million&lt;/money&gt; as discussed above and may elect to either bridge any remaining funding shortfall until the end of 2010 or delay a portion of the investment program.
&lt;/p&gt;

&lt;p&gt;
Explorator currently anticipates that it will meet any future capital calls in 2011 and beyond from a combination of cash on hand, which amounted to &lt;money&gt;$5.3 million&lt;/money&gt; as of the end of 2009, and the proceeds from offerings of equity securities in the capital markets.
&lt;/p&gt;

&lt;p&gt;
The Company is also pleased to announce that it is presently developing a preliminary 2010 budget for &lt;org&gt;Explorator International&lt;/org&gt;, its 100% owned Chilean subsidiary, through which the Company intends to acquire one or more additional exploration or evaluation stage copper projects. This program has now become a primary focus of the Company and will be led by &lt;person&gt;David O'Connor&lt;/person&gt;, who has recently assumed the role of VP Exploration, following his replacement by &lt;person&gt;David Prins&lt;/person&gt; as President and CEO of the Company.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David Prins&lt;/person&gt;, President &amp;amp; CEO
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David Prins&lt;/person&gt;
President
+56 99 219 7346
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=89d3cdbf-6b06-4046-bd87-4746a4bcfc5a</link><pubDate>Fri, 30 Apr 2010 08:30:00 -0400</pubDate></item><item><title>Explorator Resources Reports on Ongoing Drilling at the El Espino Project in Chile. Results Generally Validate Micon Resource Estimate and Continue to Develop New Gold Zone at Depth</title><description>
&lt;p&gt;&lt;location value="LU/ca.on.tornto" idsrc="xmltag.org"&gt;TORONTO, ONTARIO&lt;/location&gt; -- (MARKET WIRE) -- &lt;chron&gt;04/13/10&lt;/chron&gt; -- 
 &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt; ("Explorator" or the "Company") (TSX VENTURE: EXO) through its subsidiary Explorator SCM (51% owned by &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; and 49% owned by &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;) continues to intersect copper and gold rich horizons in the Rachel area of the El Espino project, where the most important of the near surface copper-gold resources discovered to date are located.
&lt;/p&gt;

&lt;p&gt;
In late 2008, &lt;org&gt;Micon International&lt;/org&gt; prepared a mineral resource estimate for El Espino (see press release dated &lt;chron&gt;Nov 25, 2008&lt;/chron&gt;), which included (1) oxide mineralisation containing 26.0Mt grading 0.53% Cu and 0.33 g/t Au (indicated) and 3.7Mt grading 0.41% Cu and 0.16 g/t Au (inferred); and (2) sulphide mineralisation containing 96.1Mt grading 0.70% Cu and 0.21 g/t Au (indicated) and 28.4Mt grading 0.62% Cu and 0.19 g/t au (inferred).
&lt;/p&gt;

&lt;p&gt;
During 2009 a total of 15,166 metres of diamond drilling was completed in 68 holes in the Rachel and Chon Chon areas. A plan map showing pre-2009 drilling, together with 2009 drilling in the Rachel area is attached at the end of this release and may be found on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
The diamond drill program for 2010, which is underway, includes a total of 20,425 meters in 95 holes. Of these, 41 are planned in the Rachel area in preparation for an updated resource estimate, 9 at Chon Chon to improve the accuracy of the resource model in this area, and a total of 45 holes in the Portugesas, Pirata and Pichanilla areas to test for extensions of resources along strike and at depth.
&lt;/p&gt;

&lt;p&gt;
In the Rachel zone, which contains over 50% of the current El Espino resource base and extends roughly 1,100 meters north-south and 600 metres east-west, the 2009 drilling has increased drilling density and has resulted in better definition of contiguous zones of copper-gold mineralisation within the stacked mantos. Of particular note are the following previously unreported intercepts from 2009 drilling:
&lt;/p&gt;&lt;pre&gt;

- PXE-382: 138m of 0.96% Cu and 0.18 g/t Au, from 82 metres, comprised of
  84m @0.79%Cu and 0.24g/tAu and 44m @1.49%Cu and 0.13g/tAu.
- PXE-353: 50m of 1.02% Cu and 0.18 g/t Au, from 132 metres
- PXE-364: 60m of 1.14% Cu and 0.44 g/t Au, from 0 metres
- PXE-365: 52m of 0.59% Cu and 0.29 g/t Au, from 0 metres
- PXE-368: 34m of 1.07% Cu and 0.25 g/t Au, from 230 metres
- PXE-369: 80m of 0.78% Cu and 0.15 g/t Au, from 174 metres
- PXE-375: 24m of 1.24% and 0.29 g/t Au, from 252 metres, comprised of 5m @
  2.51Cu and 0.73g/tAu, 8m @1.15%Cu and 0.14g/tAu and 4.5m @ 1.78%Cu and
  0.49g/tAu.

&lt;/pre&gt;&lt;p&gt;
A sample section from the middle of the Rachel zone (section 6527350) is attached to this release and located on the Company's web site. The section shows a comparison between the 2008 Micon resource model and the resource blocks modified by 2009 drilling. It shows that the 2009 drilling has generally validated the 2008 Micon resource model for &lt;person&gt;Rachel Area&lt;/person&gt; within the 2008 pit shell floated by &lt;org&gt;AMEC&lt;/org&gt;. It also shows the development of additional mineralization below the 2008 pit shell in their preliminary economic assessment, and which could add to the project's overall economics, in the event that it is subsequently incorporated into a revised pit shell.
&lt;/p&gt;

&lt;p&gt;
The 2009 drilling has intersected a zone of gold mineralization at depth in the Rachel zone, located along the north-east extension of the Portugesas fault. Mineralisation is associated with a stockwork of coarse grained calcite veins in volcanic rocks below a capping siltstone unit. The highest gold grades are generally in veins with free gold and little or no sulphide or specularite. This zone is currently defined over an area of 150m x 300m, from sections 7250 to 7400N and is open to the north and east. To date, 9 drill holes have intersected this zone, which are listed below.
&lt;/p&gt;&lt;pre&gt;

- PXE-329: 44.8m @ 0.36% Cu and 8.09 g/t Au, with 19.8 m @ 0.09% Cu and
  14.73 g/t Au, (see press release dated &lt;chron&gt;14 Dec, 2009&lt;/chron&gt;)
- PXE-332: 16m @ 0.96% Cu and 2.20g/t Au
- PXE-339: 15m @ 0.07% Cu and 5.97 g/t Au, (see release dated &lt;chron&gt;14 Dec, 2009&lt;/chron&gt;)
- PXE-350: 17m @ 0.75% Cu and 1.22g/t Au; 2m @ 0.00% Cu and 2.73g/t Au.
- PXE 351: 8m @ 0.59% Cu and 0.35g/t Au and 3m @ 1.85% Cu and 4.68g/t Au.
- PXE-352: 2m @ 0.01% Cu and 18.90 g/t Au, (see release dated &lt;chron&gt;14 Dec, 2009&lt;/chron&gt;)
- PXE-358: 5m @ 2.03% Cu and 0.54g/t Au.
- EDH-04: 10.8m @ 0.04% Cu and 1.55g/t Au (Teck Cominco 2004).
- MXE-297: 40m @ 1.45% Cu and 0.59g/t Au.

&lt;/pre&gt;&lt;p&gt;
Several of the gold rich intercepts are located on the attached section, including previously reported Hole PXE 329 (44.8m at 8.09g/tAu), which bottomed in gold mineralization due to drilling problems. This newly recognized gold zone in the Rachel area is located below the Whittle Pit shell floated by &lt;org&gt;AMEC&lt;/org&gt; in their preliminary economic assessment and has the potential to add to the overall gold resource at El Espino.
&lt;/p&gt;

&lt;p&gt;
Four holes were drilled in the Chon Chon zone in 2009. None of these holes intersected high grade gold mineralization, indicating the erratic nature of gold in this area and reducing size potential of the Chon Chon gold zone. This could result in a reduction in the quantity of mineable gold ounces in the Chon Chon portion of the El Espino resource and negatively impact &lt;org&gt;AMEC's&lt;/org&gt; cash flow model for the initial years of production.
&lt;/p&gt;

&lt;p&gt;
A complete list of results of drill holes completed in 2009 is included in Appendix No 1, which includes newly released drill holes 288 and 351 to 396.
&lt;/p&gt;

&lt;p&gt;
Other Information:
&lt;/p&gt;

&lt;p&gt;
A copy of the release, as well as other information related to the Company, is available on the Company's web site at &lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt; and on SEDAR at &lt;a href="http://www.sedar.com"&gt;www.sedar.com&lt;/a&gt;.
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;EXPLORATOR RESOURCES INC.&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;person&gt;David O'Connor&lt;/person&gt;, Vice President, Exploration
&lt;/p&gt;

&lt;p&gt;
About &lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt;:
&lt;/p&gt;

&lt;p&gt;
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources&lt;/org&gt; is a Canadian-based mining exploration company with a 49% interest in the &lt;org&gt;El Espino Copper-Gold Project&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt; (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt;, and is central to an important cluster of "Candelaria-style" copper-gold deposits. A National Instrument 43-101 compliant Preliminary Assessment (see press release dated &lt;chron&gt;May 11, 2009&lt;/chron&gt;) has defined the potential for an average annual payable production of 77 million pounds of copper and 40,000 ounces of gold over a 19 year mine life (life-of-mine payable production of 1.467 billion lbs copper and 755,000 oz. gold) at an average cash cost of &lt;money&gt;$1.06&lt;/money&gt;/lb, net of gold credits (based on a gold price of &lt;money&gt;$680&lt;/money&gt;/oz.) and also noted good potential for further resource expansion. &lt;org&gt;Sociedad Punta del Cobre S.A.&lt;/org&gt; ("SPC") acquired the remaining 51% of the Project in &lt;chron&gt;March 2009&lt;/chron&gt; in return for an investment of up to &lt;money&gt;US$18.5 million&lt;/money&gt;, with &lt;money&gt;US$7.0 million&lt;/money&gt; used to exercise the option to purchase agreement on the Project and the remaining funds expected to be adequate to fund continued exploration and evaluation through to the end of 2010.
&lt;/p&gt;

&lt;p&gt;
REGULATORY FOOTNOTE
&lt;/p&gt;

&lt;p&gt;
Mr. &lt;person&gt;Michael Schuler&lt;/person&gt;, in charge of exploration at Explorator SCM is the "Qualified Person" as defined under the National Instrument 43-101 and is responsible for the scientific and technical work on Explorator SCM's exploration program and is responsible for reviewing the technical disclosure in this news release. All analytical work has been completed by &lt;org&gt;ACME Analytical Laboratories of Santiago&lt;/org&gt; in &lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;; ACME is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO17025:1999. They employ a variety of international standards for quality control purposes. Samples are transported from the project to the ACME laboratory in &lt;location value="LU/cl..santig" idsrc="xmltag.org"&gt;Santiago&lt;/location&gt; by ACME personnel in an ACME Truck. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ACME Analytical Code Au-G6 (Au 30g fire assay with AAS finish), (2) ACME analytical code Au-G6GRAV (Au 30g fire assay with a gravity finish), (3) ACME analytical code 7D (23 element analysis using a four acid digestion and ICP-AS analysis). All diamond drill core is geologically logged, cut in half using a diamond saw and sampled by Company geologists in one (1) to three (3) meter sample intervals depending on visual grade estimates; the archive portion of the sample is securely stored at the company's core shed adjacent to the office in the town of Illapel. The Company has a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.
&lt;/p&gt;

&lt;p&gt;
FORWARD-LOOKING STATEMENTS
&lt;/p&gt;

&lt;p&gt;
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, production levels and costs, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral reserve and resource estimates, equipment and supply risks, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
&lt;/p&gt;

&lt;p&gt;
To view CENTRAL RACHEL AREA DRILL PLAN, please visit the following link: &lt;a href="http://media3.marketwire.com/docs/rachel_drill_plan.pdf"&gt;http://media3.marketwire.com/docs/rachel_drill_plan.pdf&lt;/a&gt;
&lt;/p&gt;

&lt;p&gt;
To view SECTION 652750N IN RACHEL AREA, UNDRILLED PRIOR TO 2009, please visit the following link: &lt;a href="http://media3.marketwire.com/docs/section_rachel_area.pdf"&gt;http://media3.marketwire.com/docs/section_rachel_area.pdf&lt;/a&gt;
&lt;/p&gt;

&lt;p&gt;
To view DRILL SECTION IN RACHEL AREA SHOWING GOLD ZONE AT DEPTH, please visit the following link: &lt;a href="http://media3.marketwire.com/docs/rachel_gold_zone.pdf"&gt;http://media3.marketwire.com/docs/rachel_gold_zone.pdf&lt;/a&gt;
&lt;/p&gt;

&lt;p&gt;
Appendix
&lt;/p&gt;

&lt;p&gt;
Significant Intervals in 2009 Drilling
&lt;/p&gt;

&lt;p&gt;
&lt;org&gt;El Espino Project&lt;/org&gt;
&lt;/p&gt;

&lt;p&gt;
&lt;location value="LC/cl" idsrc="xmltag.org"&gt;Chile&lt;/location&gt;
&lt;/p&gt;&lt;pre&gt;

----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                       Drill
Hole ID   Type   from     to  width    Cu%   Au g/t  Cu% Sol  % Sol     Type
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    112    114    2.0   0.10     0.13                       RC
         -------------------------------------------------------------------
PXE-284     su    166    172    6.0   0.17     0.07                       RC
         -------------------------------------------------------------------
            su    246    250    4.0   0.08     0.07                       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-285   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-286   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-287   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    2.0   14.0   12.0   0.39     0.60                       RC
         -------------------------------------------------------------------
            su   86.0  102.0   16.0   0.68     0.62                       RC
PXE-288     su   98.0  102.0    4.0   0.98     1.50                       RC
         -------------------------------------------------------------------
            su  118.0  134.0   16.0   0.22     0.32                       RC
         -------------------------------------------------------------------
            su  186.0  192.0    6.0   0.44     0.55                       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-289     ox    0.0    8.0    8.0   0.57     0.04     0.29     50       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            mx   25.0   49.0   24.0   0.35     0.08     0.14     39       DD
            su   26.0   28.0    2.0   0.39     0.13     0.10     27       DD
PXE-319     ox   28.0   43.0   15.0   0.44     0.10     0.20     46       DD
            ox   33.0   36.0    3.0   0.72     0.23     0.46     64       DD
         -------------------------------------------------------------------
            su   57.0   61.0    4.0   0.89     0.03                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   98.6  104.6    6.0   0.63     0.03     0.46     73       DD
            ox   98.6  100.7    2.1   1.26     0.04     1.02     81       DD
         -------------------------------------------------------------------
            mx  131.0  139.0    8.0   0.57     0.23                       DD
            mx  131.0  133.0    2.0   0.94     0.09                       DD
PXE-320     su  135.0  138.0    3.0   0.81     0.51                       DD
         -------------------------------------------------------------------
            su  147.0  161.0   14.0   0.43     0.33                       DD
            su  147.0  153.0    6.0   0.60     0.18                       DD
         -------------------------------------------------------------------
            su  158.0  161.0    3.0   0.52     1.12                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   56.0   66.0   10.0   0.55     0.73     0.40     72       DD
            ox   56.0   61.1    5.1   0.91     0.89     0.73     80       DD
         -------------------------------------------------------------------
PXE-321     ox   80.0   85.0    5.0   0.74     0.07     0.62     84       DD
            ox   80.0   82.0    2.0   1.49     0.14     1.30     87       DD
         -------------------------------------------------------------------
            su  132.0  135.0    3.0   0.96     0.03                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   70.0   74.0    4.0   0.29     0.08     0.20     67       DD
            ox   70.0   72.0    2.0   0.50     0.11     0.34     68       DD
         -------------------------------------------------------------------
            ox   82.0   85.0    3.0   0.54     0.06     0.39     73       DD
PXE-322     ox   83.0   84.0    1.0   1.20     0.08     0.88     73       DD
         -------------------------------------------------------------------
            ox  113.4  142.0   28.6   1.00     0.09     0.74     74       DD
            ox  131.0  141.0   10.0   1.52     0.11     1.20     79       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   63.0   72.0    9.0   0.25     0.04     0.08     33       DD
            ox   68.0   71.0    3.0   0.44     0.03     0.16     37       DD
         -------------------------------------------------------------------
            mx   77.0   89.0   12.0   4.39     0.16     3.81     87       DD
            mx   79.0   89.0   10.0   5.22     0.18     4.54     87       DD
         -------------------------------------------------------------------
            su   89.0  111.0   22.0   0.62     0.05                       DD
            su   89.0   92.0    3.0   1.89     0.04                       DD
            su   95.0   98.0    3.0   0.54     0.02                       DD
            su  102.0  111.0    9.0   0.60     0.08                       DD
         -------------------------------------------------------------------
PXE-323     su  135.0  145.9   10.9   1.15     0.67                       DD
            su  138.0  145.9    7.9   1.48     0.85                       DD
         -------------------------------------------------------------------
            su  195.0  201.0    6.0   0.69     0.81                       DD
            su  195.0  199.0    4.0   0.97     1.18                       DD
         -------------------------------------------------------------------
            su  203.0  219.7   16.7   0.63     0.47                       DD
            su  203.0  208.0    5.0   0.68     0.17                       DD
            su  203.0  206.0    3.0   0.91     0.22                       DD
         -------------------------------------------------------------------
            su  210.0  218.0    8.0   0.83     0.84                       DD
            su  214.0  217.3    3.3   1.62     1.82                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   34.0   37.0    3.0   0.12     0.10     0.05     43       DD
         -------------------------------------------------------------------
            ox   60.0   61.0    1.0   0.20     0.24                       DD
            ox   67.0   80.0   13.0   0.34     0.03                       DD
PXE-324     ox   67.0   71.0    4.0   0.75     0.07                       DD
         -------------------------------------------------------------------
            su   83.0  105.0   22.0   0.54     0.08                       DD
            su   99.0  105.0    6.0   0.94     0.16                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   97.0  143.0   46.0   0.72     0.14                       DD
PXE-325     su  110.0  143.0   33.0   0.84     0.17                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   76.0   99.0   23.0   0.21     0.07                       DD
         -------------------------------------------------------------------
            su  128.0  144.0   16.0   0.32     0.07                       DD
            su  129.0  136.0    7.0   0.52     0.07                       DD
         -------------------------------------------------------------------
            su  151.0  153.0    2.0   0.62     0.04                       DD
         -------------------------------------------------------------------
PXE-326     su  161.0  169.0    8.0   0.38     0.03                       DD
            su  161.0  166.0    5.0   0.52     0.05                       DD
         -------------------------------------------------------------------
            su  175.0  181.0    6.0   0.32     0.07                       DD
            su  177.0  180.0    3.0   0.47     0.12                       DD
         -------------------------------------------------------------------
            su  233.0  236.0    3.0   0.17     0.01                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   99.0  120.0   21.0   0.49     0.13                       DD
            su   99.0  112.0   13.0   0.67     0.20                       DD
         -------------------------------------------------------------------
            su  127.0  134.0    7.0   0.27     0.02                       DD
PXE-327     su  129.0  133.0    4.0   0.36     0.03                       DD
         -------------------------------------------------------------------
            su  145.0  173.0   28.0   1.04     0.11                       DD
            su  145.0  171.0   26.0   1.10     0.11                       DD
         -------------------------------------------------------------------
            su    194    198    4.0   0.27     0.06                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    100    109    9.0   0.52     0.12                       DD
         -------------------------------------------------------------------
            su    111    133   22.0   0.67     0.09                       DD
            su    115    127   12.0   0.93     0.12                       DD
PXE-328     su    129    133    4.0   0.73     0.06                       DD
         -------------------------------------------------------------------
            su    193    200    7.0   0.25     0.02                       DD
         -------------------------------------------------------------------
            su    276    281    5.0   0.17     0.02                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   85.0  102.0   17.0   0.41     0.21                       DD
            su   98.0  102.0    4.0   0.63     0.27                       DD
         -------------------------------------------------------------------
            su  124.0  136.0    5.0   0.28     0.03                       DD
         -------------------------------------------------------------------
            su  140.0  171.0   31.0   1.54     0.16                       DD
            su  141.0  147.0    6.0   3.76     0.31                       DD
         -------------------------------------------------------------------
            su  179.0  209.0   30.0   0.64     0.09                       DD
PXE-329     su  179.0  186.0    7.0   1.36     0.16                       DD
            su  192.0  200.0    8.0   0.77     0.06                       DD
         -------------------------------------------------------------------
            su  298.0  342.8   44.8   0.36     8.09                       DD
            su  298.0  305.0    7.0   1.05     0.51                       DD
            su  306.0  342.8   36.8   0.23     9.75                       DD
            su  323.0  342.8   19.8   0.09    14.73                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   10.0   16.0    6.0   1.11     0.05     0.84     76       DD
         -------------------------------------------------------------------
            su   65.0   67.7    2.7   0.80     0.16                       DD
            su   66.0   67.7    1.7   1.23     0.10                       DD
         -------------------------------------------------------------------
            su   70.3  112.0   41.7   0.98     0.33                       DD
            su   70.3  101.0   30.7   1.21     0.40                       DD
            su   71.3   86.0   14.7   1.53     0.32                       DD
PXE-330     su   94.0   99.0    5.0   1.82     1.38                       DD
            su  103.0  105.0    2.0   0.98     0.07                       DD
         -------------------------------------------------------------------
            su  130.0  162.0   32.0   0.66     0.10                       DD
            su  131.0  135.0    4.0   1.20     0.33                       DD
            su  142.0  159.0   17.0   0.89     0.09                       DD
            su  142.0  144.0    2.0   2.09     0.28                       DD
            su  151.0  157.0    6.0   1.09     0.10                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   19.0   58.0   39.0   1.07     0.07     0.73     69       DD
            ox   21.0   32.0   11.0   1.64     0.04     1.12     68       DD
            ox   38.0   47.0    9.0   1.20     0.12     0.87     72       DD
            ox   49.0   58.0    9.0   1.25     0.07     0.89     71       DD
         -------------------------------------------------------------------
            su   58.0   65.0    7.0   0.53     0.04                       DD
            su   58.0   62.0    4.0   0.79     0.05                       DD
         -------------------------------------------------------------------
            su   77.0   79.0    2.0   0.41     0.04                       DD
         -------------------------------------------------------------------
PXE-331     su   83.0  130.0   47.0   1.89     0.40                       DD
         -------------------------------------------------------------------
            su  146.0  161.0   15.0   0.63     0.18                       DD
            su  147.0  154.0    7.0   1.05     0.31                       DD
         -------------------------------------------------------------------
            su  175.0  181.0    6.0   0.76     0.09                       DD
            su  176.0  180.0    4.0   1.04     0.10                       DD
         -------------------------------------------------------------------
            su  186.0  189.0    3.0   1.56     0.14                       DD
            su  187.0  189.0    2.0   2.21     0.19                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   56.0   92.0   36.0   0.26     0.10                       DD
            su   73.0   92.0   19.0   0.41     0.11                       DD
            su   78.0   84.0    6.0   0.68     0.16                       DD
            su   90.0   92.0    2.0   0.59     0.21                       DD
         -------------------------------------------------------------------
            su  114.0  124.0   10.0   0.75     0.08                       DD
            su  115.0  123.0    8.0   0.88     0.09                       DD
PXE-332     su  115.0  121.0    6.0   1.07     0.10                       DD
         -------------------------------------------------------------------
            su  134.0  161.0   27.0   0.69     0.12                       DD
            su  140.0  150.0   10.0   1.37     0.25                       DD
         -------------------------------------------------------------------
            su  181.0  186.0    5.0   0.22     0.39                       DD
            su  181.0  183.0    2.0   0.38     0.85                       DD
         -------------------------------------------------------------------
            su  216.0  232.0   16.0   0.97     2.20                       DD
            su  219.3  232.0   12.7   1.11     2.73                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    9.0   13.0    4.0   0.17     0.03     0.06     37       DD
         -------------------------------------------------------------------
            ox   18.0   35.0   17.0   0.22     0.03     0.11     48       DD
            ox   30.0   33.0    3.0   0.41     0.06     0.25     61       DD
         -------------------------------------------------------------------
            ox   39.0   41.0    2.0   0.43     0.01     0.26     61       DD
         -------------------------------------------------------------------
            su   54.0   59.0    5.0   0.41     0.03                       DD
         -------------------------------------------------------------------
PXE-333     su   72.0   95.0   23.0   0.88     1.05                       DD
            su   77.0   83.2    6.2   1.83     3.57                       DD
         -------------------------------------------------------------------
            su  107.0  117.0   10.0   0.27     0.05                       DD
            su  107.0  109.0    2.0   0.66     0.09                       DD
            su  116.0  117.0    1.0   0.77     0.17                       DD
         -------------------------------------------------------------------
            su  172.0  177.0    5.0   0.25     0.03                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    2.0    5.3    3.3   0.17     0.06     0.04     23       DD
         -------------------------------------------------------------------
            ox   48.0   52.0    4.0   0.40     0.04     0.30     74       DD
         -------------------------------------------------------------------
            su   74.0  115.0   41.0   0.58     0.06                       DD
            su   77.0   92.0   15.0   0.67     0.03                       DD
PXE-334     su  102.0  113.0   11.0   0.91     0.11                       DD
         -------------------------------------------------------------------
            su  127.0  140.0   13.0   0.75     0.14                       DD
         -------------------------------------------------------------------
            su  149.0  160.0   11.0   0.55     0.08                       DD
            su  149.0  155.0    6.0   0.85     0.12                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    1.7   13.0   11.3   0.18     0.04     0.05     27       DD
         -------------------------------------------------------------------
            ox   56.0   57.0    1.0   0.07     2.00     0.02     29       DD
         -------------------------------------------------------------------
            ox   68.0   71.0    3.0   0.22     0.15     0.14     66       DD
         -------------------------------------------------------------------
PXE-335     su   73.0  120.0   47.0   0.70     0.07     0.13     18       DD
            su   74.0   85.0   11.0   0.76     0.05     0.15     20       DD
            su  100.0  115.0   15.0   1.35     0.14                       DD
         -------------------------------------------------------------------
            su  133.0  142.0    9.0   0.15     0.14                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   46.0   52.0    6.0   0.26     0.03     0.08     31       DD
         -------------------------------------------------------------------
            ox   70.0   73.0    3.0   0.54     0.03     0.37     69       DD
         -------------------------------------------------------------------
PXE-336     mx   77.0   81.0    4.0   0.26     0.01     0.13     52       DD
         -------------------------------------------------------------------
            su   95.0  106.0   11.0   0.79     0.18                       DD
         -------------------------------------------------------------------
            su  202.0  206.0    4.0   0.27     0.03                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   28.0   31.0    3.0   0.14     0.02                       DD
         -------------------------------------------------------------------
            ox   56.0   69.0   13.0   0.91     0.07                       DD
            ox   56.0   61.5    5.5   1.16     0.09                       DD
            ox   64.0   69.0    5.0   1.04     0.08                       DD
         -------------------------------------------------------------------
            su   77.0   96.0   19.0   0.28     0.02                       DD
PXE-337     su   86.0   92.0    6.0   0.47     0.04                       DD
         -------------------------------------------------------------------
            su  102.0  108.0    6.0   0.34     0.06                       DD
         -------------------------------------------------------------------
            su  169.0  176.0    7.0   0.70     0.93                       DD
            su  170.0  175.0    5.0   0.97     1.20                       DD
         -------------------------------------------------------------------
            su  214.0  215.0    1.0   0.61     3.76                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    1.0   48.0   47.0   0.28     0.05     0.13     45       DD
            ox   20.0   26.0    6.0   0.51     0.05     0.28     56       DD
         -------------------------------------------------------------------
            ox   54.0   60.0    6.0   0.09     6.78     0.05     57       DD
            ox   54.0   57.0    3.0   0.10     1.48     0.06     59       DD
            ox   59.0   60.0    1.0   0.16    36.20     0.10     63       DD
         -------------------------------------------------------------------
            su   75.0   97.0   22.0   0.44     0.04                       DD
            su   77.0   79.0    2.0   1.01     0.10                       DD
            su   83.0   92.0    9.0   0.66     0.03                       DD
         -------------------------------------------------------------------
            su  108.0  110.0    2.0   0.65     0.05                       DD
         -------------------------------------------------------------------
PXE-338     su  119.0  121.0    2.0   0.73     0.04                       DD
         -------------------------------------------------------------------
            su  127.0  142.0   15.0   0.43     0.07                       DD
            su  128.0  133.0    5.0   0.61     0.09                       DD
         -------------------------------------------------------------------
            su  174.0  176.0    2.0   0.57     0.94                       DD
         -------------------------------------------------------------------
            su  179.0  201.0   22.0   0.36     0.28                       DD
         -------------------------------------------------------------------
            su  187.0  200.0   13.0   0.54     0.31                       DD
         -------------------------------------------------------------------
            su  206.0  230.0   24.0   0.34     0.29                       DD
            su  222.0  230.0    8.0   0.34     0.35                       DD
         -------------------------------------------------------------------
            su  237.0  251.6   14.6   0.00     0.22                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     21     23    2.0   0.31     0.06     0.19     61       DD
         -------------------------------------------------------------------
            ox     33     51   18.0   0.44     0.11     0.23     52       DD
         -------------------------------------------------------------------
            ox     56     58    2.0   0.21     0.11     0.12     57       DD
         -------------------------------------------------------------------
            ox     63     68    5.0   0.21     0.07     0.11     51       DD
         -------------------------------------------------------------------
            su     68     71    3.0   0.33     0.04                       DD
         -------------------------------------------------------------------
            su     75     77    2.0   0.69     0.02                       DD
         -------------------------------------------------------------------
            su     91     92    1.0   0.98     0.17                       DD
         -------------------------------------------------------------------
            su    102    104    2.0   0.47     0.03                       DD
         -------------------------------------------------------------------
            su    109    126   17.0   0.44     0.04                       DD
            su    109    126   17.0   0.44     0.04                       DD
            su    113    116    3.0   1.03     0.05                       DD
            su    121    124    3.0   0.90     0.07                       DD
         -------------------------------------------------------------------
PXE-339     su    135    149   14.0   0.54     0.11                       DD
            su    141    149    8.0   0.71     0.16                       DD
         -------------------------------------------------------------------
            su    151    175   24.0   0.40     0.16                       DD
            su    155    171   16.0   0.54     0.22                       DD
         -------------------------------------------------------------------
            su    197    210   13.0   0.54     0.34                       DD
            su    198    205    7.0   0.63     0.35                       DD
         -------------------------------------------------------------------
         -------------------------------------------------------------------
            su    207    210    3.0   0.75     0.52                       DD
         -------------------------------------------------------------------
            su    229  232.7    3.7   0.01     1.15                       DD
         -------------------------------------------------------------------
            su    245    260   15.0   0.07     5.97                       DD
            su    247    258   11.0   0.08     8.07                       DD
            su    249    250    1.0   0.01    66.40                       DD
            su    255    257    2.0   0.37     1.54                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     37     49   12.0   0.29     0.03     0.18     61       DD
            ox     37     44    7.0   0.34     0.04     0.19     57       DD
         -------------------------------------------------------------------
            su     49     56    7.0   0.33     0.05                       DD
         -------------------------------------------------------------------
            su     64     67    3.0   0.36     0.04                       DD
         -------------------------------------------------------------------
            su     92    118   26.0   0.45     1.10                       DD
            su     92    100    8.0   0.25     3.43                       DD
PXE-340     su     93     97    4.0   0.21     6.79                       DD
            su    102    112   10.0   0.89     0.09                       DD
            su    105    112    7.0   1.17     0.12                       DD
         -------------------------------------------------------------------
            su    133    161   28.0   0.35     0.12                       DD
            su    145    152    7.0   0.82     0.13                       DD
            su    148    151    3.0   1.31     0.18                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox      3     14   11.0   0.15     0.13                       DD
         -------------------------------------------------------------------
            ox     21     35   14.0   0.46     0.03                       DD
            ox     24     32    8.0   0.63     0.03                       DD
            ox     24     30    6.0   0.73     0.03                       DD
         -------------------------------------------------------------------
            ox     41     52   11.0   0.30     0.06                       DD
            ox     45     52    7.0   0.40     0.08                       DD
            ox     48     52    4.0   0.49     0.10                       DD
         -------------------------------------------------------------------
            ox     65     71    6.0   0.21     0.03                       DD
         -------------------------------------------------------------------
            ox     76     79    3.0   0.17     0.01                       DD
         -------------------------------------------------------------------
            su     94    104   10.0   0.25     0.02                       DD
         -------------------------------------------------------------------
PXE-341     su    110    122   12.0   0.40     2.14                       DD
            su    110    120   10.0   0.45     2.56                       DD
            su    113    120    7.0   0.58     3.65                       DD
            su    115    119    4.0   0.44     6.35                       DD
         -------------------------------------------------------------------
            su    129    131    2.0   0.57     0.08                       DD
         -------------------------------------------------------------------
            su    137    166   29.0   0.94     0.13                       DD
            su    142    166   24.0   1.05     0.15                       DD
            su    156    166   10.0   1.58     0.18                       DD
         -------------------------------------------------------------------
            su    179    196   17.0   0.18     0.29                       DD
            su    189    195    6.0   0.24     0.46                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox      1      6    5.0   0.31     0.07     0.09     29       DD
         -------------------------------------------------------------------
            ox     41   43.8    2.8   0.28     0.04     0.15     54       DD
         -------------------------------------------------------------------
PXE-342     su     71     73    2.0   0.72     0.01     0.10     14       DD
         -------------------------------------------------------------------
            su     79     87    8.0   0.51     0.14                       DD
            su     79     85    6.0   0.62     0.18                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox      4     15   11.0   0.22     0.03     0.12     57       DD
         -------------------------------------------------------------------
            ox     21     43   22.0   0.76     0.11     0.64     84       DD
         -------------------------------------------------------------------
            ox     25     50   22.0   0.87     0.12     0.70     81       DD
            ox     25     43   18.0   0.90     0.13     0.77     85       DD
            ox     28     38   10.0   1.24     0.14     1.08     87       DD
            ox     41     50    6.0   0.84     0.07     0.58     69       DD
            ox     46     50    4.0   0.72     0.07     0.42     58       DD
         -------------------------------------------------------------------
            su     65    112   47.0   1.06     0.12                       DD
            su     65     67    2.0   0.73     0.03                       DD
PXE-343     su     69     88   19.0   2.00     0.23                       DD
            su     72     88   16.0   2.30     0.25                       DD
            su     96    101    5.0   0.79     0.05                       DD
            su     96     99    3.0   0.95     0.07                       DD
            su    104    111    7.0   0.57     0.11                       DD
         -------------------------------------------------------------------
            su    121    137   16.0   0.69     0.18                       DD
            su    128    137    9.0   0.78     0.29                       DD
            su    130    135    5.0   1.12     0.36                       DD
            su    143    147    4.0   0.27     0.34                       DD
            su    144    146    2.0   0.39     0.64                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox      3     14    9.0   0.17     0.03     0.10     61       DD
         -------------------------------------------------------------------
            ox     18     56   35.0   0.26     0.15     0.17     66       DD
            ox     18     26    8.0   0.29     0.05     0.22     76       DD
            ox     31     43   12.0   0.35     0.10     0.23     67       DD
            ox     55     56    1.0   0.45     3.44     0.33     74       DD
         -------------------------------------------------------------------
            su     69     87   18.0   1.17     0.20     0.01      1       DD
            su     70     87   17.0   1.23     0.21     0.01      1       DD
            su     70     85   15.0   1.34     0.22     0.01      1       DD
         -------------------------------------------------------------------
PXE-344     su    104    125   21.0   0.39     0.07                       DD
            su    110    125   15.0   0.48     0.09                       DD
            su    110    115    5.0   0.58     0.04                       DD
            su    120    125    5.0   0.74     0.16                       DD
         -------------------------------------------------------------------
            su    134    172   38.0   0.96     0.83                       DD
            su    134    147   13.0   1.37     1.32                       DD
            su    139    147    8.0   1.93     2.04                       DD
            su    151  155.7    4.7   2.04     0.83                       DD
            su    158    171   13.0   0.60     0.72                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     17     24    7.0   0.19     0.02     0.11     58       DD
         -------------------------------------------------------------------
            ox     31     52   21.0   0.42     0.03     0.33     78       DD
            ox     31     35    4.0   0.55     0.04     0.50     89       DD
            ox     43     52    9.0   0.63     0.03     0.48     77       DD
            ox     45     52    7.0   0.76     0.03     0.58     77       DD
         -------------------------------------------------------------------
            su     52     75   23.0   0.60     0.06                       DD
            su     52     57    5.0   0.66     0.05                       DD
         -------------------------------------------------------------------
            su     64     71    7.0   1.13     0.10                       DD
         -------------------------------------------------------------------
            su     80     99   19.0   0.35     0.03                       DD
            su     89     99   10.0   0.54     0.05                       DD
PXE-345     su     93     98    5.0   0.87     0.07                       DD
         -------------------------------------------------------------------
            su    105    109    4.0   1.06     0.12                       DD
            su    106    109    3.0   1.37     0.14                       DD
         -------------------------------------------------------------------
            su    111    114    3.0   0.48     0.11                       DD
            su    111    112    1.0   0.98     0.16                       DD
         -------------------------------------------------------------------
            su    120    126    6.0   0.32     0.06                       DD
            su    120    123    3.0   0.48     0.07                       DD
         -------------------------------------------------------------------
            su    148    159   11.0   0.11     0.11                       DD
         -------------------------------------------------------------------
            su    162    174   12.0   0.20     0.14                       DD
            su    166    174    8.0   0.25     0.18                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     42     47    5.0   0.68     0.10     0.47     69       DD
            su     47     62   15.0   0.31     0.15                       DD
         -------------------------------------------------------------------
            su     72     76    4.0   0.41     0.11                       DD
         -------------------------------------------------------------------
            su     83     95   12.0   0.69     0.13                       DD
            su     87     95    8.0   0.86     0.14                       DD
         -------------------------------------------------------------------
            su    154    163    9.0   1.08     0.15                       DD
         -------------------------------------------------------------------
            su    165    180   15.0   0.23     0.02                       DD
            su    165    169    4.0   0.43     0.01                       DD
         -------------------------------------------------------------------
PXE-346     su    198    202    4.0   0.68     0.18                       DD
            su    198    202    4.0   0.68     0.18                       DD
         -------------------------------------------------------------------
            su    208    210    2.0   0.44     0.04                       DD
         -------------------------------------------------------------------
            su    213    216    3.0   0.15     0.02                       DD
         -------------------------------------------------------------------
            su    219    276   57.0   0.56     0.08                       DD
            su    219    276   57.0   0.56     0.08                       DD
            su    219    229   10.0   0.71     0.06                       DD
         -------------------------------------------------------------------
            su    235    247   12.0   1.04     0.12                       DD
         -------------------------------------------------------------------
            su    256    260    4.0   1.08     0.23                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-348   No Significant results  - Failed to Reach Target Depth          DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     21     39   18.0   0.21    0.142     0.07     31       DD
PXE-347     ox     23     30    7.0   0.31    0.153     0.10     33       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su     72    148   76.0   0.65    0.056                       DD
            su     72    116   44.0   0.79    0.071                       DD
            su     86    110   24.0   1.03     0.08                       DD
         -------------------------------------------------------------------
PXE-349     su    141    146    5.0   0.94    0.091                       DD
         -------------------------------------------------------------------
            su    154  189.2   35.2   0.47    0.038                       DD
            su    174  189.2   15.2   0.88    0.066                       DD
            su    180  189.2    9.2   1.24    0.096                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su     75     91   16.0   0.47     0.13                       DD
            su     78     90   12.0   0.56     0.15                       DD
            su     82     90    8.0   0.69     0.10                       DD
         -------------------------------------------------------------------
            su    106    115    9.0   0.53     0.10                       DD
            su    106    114    8.0   0.57     0.11                       DD
            su    108    114    6.0   0.64     0.13                       DD
         -------------------------------------------------------------------
PXE-350B    su    130    164   34.0   1.07     0.17                       DD
            su    131    163   32.0   1.13     0.17                       DD
            su    131    157   26.0   1.25     0.15                       DD
         -------------------------------------------------------------------
            su    255    272   17.0   0.75     1.22                       DD
            su    255    265   10.0   1.26     1.60                       DD
            su    258    269   11.0   1.03     1.66                       DD
         -------------------------------------------------------------------
            su    278    280    2.0   0.00     2.73                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   99.0  111.0   12.0   0.36     0.16                       DD
         -------------------------------------------------------------------
            su  113.0  117.0    4.0   0.30     0.01                       DD
         -------------------------------------------------------------------
            su  123.0  128.0    5.0   0.55     0.03                       DD
         -------------------------------------------------------------------
            su  136.0  148.0   12.0   0.89     1.68                       DD
            su  136.0  139.0    3.0   1.23     6.63                       DD
         -------------------------------------------------------------------
            su  172.0  174.0    2.0   1.25     0.08                       DD
         -------------------------------------------------------------------
PXE-351     su  220.0  232.0   12.0   0.44     0.06                       DD
         -------------------------------------------------------------------
            su  341.0  349.0    8.0   0.59     0.35                       DD
            su  341.0  342.0    1.0   2.06     2.07                       DD
         -------------------------------------------------------------------
            su  352.0  360.0    8.0   0.63     0.10                       DD
         -------------------------------------------------------------------
            su  363.0  367.0    4.0   0.56     0.08                       DD
         -------------------------------------------------------------------
            su  381.0  384.0    3.0   1.85     4.68                       DD
         -------------------------------------------------------------------
            su  392.0  394.0    2.0   0.14     0.02                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox     65     83   18.0   0.39     0.12                       DD
            ox     73     82    9.0   0.53     0.06                       DD
         -------------------------------------------------------------------
            su     86     93    7.0   0.31     0.04                       DD
         -------------------------------------------------------------------
            su    120    126    6.0   0.61     0.30                       DD
            su    124    125    1.0   2.71     1.66                       DD
         -------------------------------------------------------------------
            su    152    155    3.0   0.35     0.03                       DD
         -------------------------------------------------------------------
PXE-352     su    162    179   17.0   0.55     0.10                       DD
            su    162    172   10.0   0.66     0.14                       DD
            su    169    172    3.0   0.96     0.17                       DD
         -------------------------------------------------------------------
            su    256    258    2.0   0.01    18.90                       DD
         -------------------------------------------------------------------
            su    273    295   22.0   0.21     0.91                       DD
            su    273    285   12.0   0.15     1.14                       DD
         -------------------------------------------------------------------
            su  306.0  308.4    2.4   0.00     5.01                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            mx   76.0   93.0   17.0   0.85     0.20     0.42     50       DD
            mx   88.0   92.0    4.0   2.39     0.21     1.13     47       DD
         -------------------------------------------------------------------
            su  102.0  108.0    6.0   0.33     0.03                       DD
         -------------------------------------------------------------------
PXE-353     su  132.0  182.0   50.0   1.02     0.18                       DD
            su  134.0  145.0   11.0   2.74     0.46                       DD
         -------------------------------------------------------------------
            su  189.0  197.0    8.0   0.60     0.08                       DD
            su  189.0  194.0    5.0   0.88     0.11                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   69.0   71.0    2.0   0.53     0.06                       DD
         -------------------------------------------------------------------
PXE-354     mx  120.0  131.0   11.0   0.26     0.16                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   58.0   65.0    7.0   0.44     0.17                       DD
            su   62.0   65.0    3.0   0.62     0.32                       DD
         -------------------------------------------------------------------
PXE-355     su   71.0   74.0    3.0   0.69     0.51                       DD
         -------------------------------------------------------------------
            su   77.0   83.0    6.0   0.30     0.02                       DD
            su   81.0   83.0    2.0   0.35     0.00                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            mx   88.3    137   48.8   0.93    0.048     0.66     71       DD
PXE-356     ox   88.3    107   18.8   1.29    0.046     1.05     82       DD
            mx    114    136   22.0   0.83    0.055     0.50     60       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-357     ox  135.0  137.0    2.0   0.67     1.40                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   88.0   97.0    9.0   0.45     0.15                       DD
         -------------------------------------------------------------------
            su  101.0  115.0   14.0   0.56     0.08                       DD
            su  101.0  103.0    2.0   1.20     0.07                       DD
            su  108.0  115.0    7.0   0.64     0.14                       DD
         -------------------------------------------------------------------
            su  125.0  130.0    5.0   0.45     0.04                       DD
PXE-358     su  127.0  129.0    2.0   0.74     0.06                       DD
         -------------------------------------------------------------------
            su  150.0  154.0    4.0   0.30     0.02                       DD
         -------------------------------------------------------------------
            su  219.0  228.0    9.0   0.33     0.04                       DD
         -------------------------------------------------------------------
            su  302.0  304.0    2.0   4.27     1.08                       DD
         -------------------------------------------------------------------
            su  324.0  334.0   10.0   0.42     0.14                       DD
            su  331.0  333.0    2.0   0.65     0.21                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   93.0  100.0    7.0   0.61     0.09                       DD
         -------------------------------------------------------------------
PXE-359     su  144.0  147.0    3.0   0.32     0.03                       DD
         -------------------------------------------------------------------
            ox  212.0  218.0    6.0   0.73     0.73                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   73.0   81.0    8.0   0.24     0.12                       DD
            su   78.0   81.0    3.0   0.57     0.04                       DD
         -------------------------------------------------------------------
            su   88.0  103.0   15.0   0.41     0.17                       DD
            su  100.0  103.0    3.0   0.82     0.23                       DD
         -------------------------------------------------------------------
            su  113.0  125.0   12.0   0.51     0.17                       DD
            su  115.0  123.0    8.0   0.64     0.24                       DD
         -------------------------------------------------------------------
            su  130.0  143.0   13.0   0.71     0.47                       DD
            su  130.0  135.0    5.0   0.87     0.68                       DD
            su  137.0  141.0    4.0   1.11     0.60                       DD
         -------------------------------------------------------------------
PXE-360     su  145.0  149.0    4.0   0.23     0.19                       DD
         -------------------------------------------------------------------
            su  193.0  220.0   27.0   0.33     0.16                       DD
            su  209.0  216.0    7.0   0.54     0.18                       DD
            su  218.0  220.0    2.0   0.39     0.08                       DD
         -------------------------------------------------------------------
            su  255.0  258.0    3.0   0.29     0.09                       DD
         -------------------------------------------------------------------
            su  262.0  263.0    1.0   1.40     0.30                       DD
         -------------------------------------------------------------------
            su  266.0  271.0    5.0   0.36     0.08                       DD
            su  267.0  271.0    4.0   0.43     0.09                       DD
         -------------------------------------------------------------------
            su  274.0  278.0    4.0   0.18     0.34                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   54.0   64.0   10.0   0.32     0.11                       DD
            su   57.0   62.0    5.0   0.48     0.12                       DD
         -------------------------------------------------------------------
            su   71.0   88.0   17.0   0.52     0.13                       DD
            su   78.0   83.0    5.0   0.79     0.19                       DD
         -------------------------------------------------------------------
            su   94.0  103.0    9.0   0.19     0.06                       DD
         -------------------------------------------------------------------
            su  109.0  117.0    8.0   0.27     0.20                       DD
         -------------------------------------------------------------------
PXE-361     su  132.0  136.0    4.0   0.45     0.30                       DD
         -------------------------------------------------------------------
            su  145.0  153.0    8.0   0.27     0.24                       DD
            su  145.0  148.0    3.0   0.50     0.23                       DD
         -------------------------------------------------------------------
            su  155.0  162.0    7.0   0.97     0.41                       DD
            su  156.0  161.0    5.0   1.30     0.53                       DD
         -------------------------------------------------------------------
            su  187.0  189.0    2.0   0.28     0.08                       DD
         -------------------------------------------------------------------
            su  202.0  203.0    1.0   0.54     0.39                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   25.0   29.0    4.0   0.22     0.27                       DD
         -------------------------------------------------------------------
            su   66.0  123.0   57.0   0.39     0.04                       DD
            su   66.0   69.0    3.0   0.73     0.03                       DD
            su   96.0  105.0    9.0   0.71     0.03                       DD
PXE-362     su  117.0  121.0    4.0   0.89     0.13                       DD
         -------------------------------------------------------------------
            su  178.0  182.0    4.0   0.44     0.09                       DD
         -------------------------------------------------------------------
            su  204.0  215.0   11.0   0.49     0.11                       DD
            su  207.0  211.0    4.0   0.77     0.19                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    1.0   33.0   32.0   0.85     0.49    0.69     82        DD
            ox    3.0   23.0   20.0   0.94     0.66    0.79     84        DD
         -------------------------------------------------------------------
PXE-363     su   33.0   71.0   38.0   0.53     0.28                       DD
            su   33.0   58.0   25.0   0.66     0.34                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    0.0   34.0   34.0   1.26     0.57    1.03     82        DD
            ox    8.0   34.0   26.0   1.51     0.72    1.26     83        DD
         -------------------------------------------------------------------
PXE-364     su   34.0   60.0   26.0   0.98     0.27                       DD
            su   36.0   58.0   22.0   1.12     0.31                       DD
            su   48.0   50.0    2.0   1.34     1.24                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    0.0   40.0   40.0   0.58     0.20    0.38     65        DD
            ox    0.0    8.0    8.0   0.69     0.26    0.30     44        DD
            ox   13.0   17.0    4.0   1.41     0.77    1.09     77        DD
            ox   32.0   40.0    8.0   0.85     0.15    0.69     81        DD
         -------------------------------------------------------------------
            su   40.0   67.0   27.0   0.40     0.38                       DD
PXE-365     su   40.0   52.0   12.0   0.63     0.58                       DD
            su   61.0   64.0    3.0   0.19     0.43                       DD
         -------------------------------------------------------------------
            su   70.0   73.0    3.0   0.46     0.20                       DD
         -------------------------------------------------------------------
            su  216.0  232.0   16.0   0.32     0.19                       DD
            su  226.0  232.0    6.0   0.41     0.26                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   54.0   56.0    2.0   0.50     0.13                       DD
         -------------------------------------------------------------------
PXE-366     su   79.0   95.0   16.0   0.62     0.20                       DD
            su   82.0   91.0    9.0   0.81     0.28                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-367     su  141.0  144.0    3.0   0.30     0.12                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   31.0   49.0   18.0   0.56     0.34                       DD
         -------------------------------------------------------------------
            su   74.0   79.0    5.0   0.28     0.10                       DD
         -------------------------------------------------------------------
            su   85.0   88.0    3.0   0.50     0.09                       DD
         -------------------------------------------------------------------
            su   92.0   98.0    6.0   0.47     0.12                       DD
            su   92.0   95.0    3.0   0.64     0.20                       DD
         -------------------------------------------------------------------
            su  110.0  115.0    5.0   0.41     0.05                       DD
            su  112.0  114.0    2.0   0.75     0.10                       DD
         -------------------------------------------------------------------
PXE-368     su  118.0  128.0   10.0   0.43     0.05                       DD
            su  122.0  127.0    5.0   0.54     0.06                       DD
         -------------------------------------------------------------------
            su  134.0  137.0    3.0   0.52     0.03                       DD
         -------------------------------------------------------------------
            su  143.0  154.0   11.0   0.67     0.18                       DD
            su  151.0  154.0    3.0   1.51     0.23                       DD
         -------------------------------------------------------------------
            su  230.0  264.0   34.0   1.07     0.25                       DD
            su  235.0  256.0   21.0   1.44     0.29                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su  157.0  160.0    3.0   0.36     0.06                       DD
         -------------------------------------------------------------------
            su  165.0  168.0    3.0   0.39     0.02                       DD
         -------------------------------------------------------------------
            su  174.0  254.0   80.0   0.78     0.15                       DD
PXE-369     su  174.0  178.0    4.0   1.87     0.69                       DD
            su  194.0  196.0    2.0   3.98     0.38                       DD
            su  205.0  207.0    2.0   1.29     0.16                       DD
            su  226.0  254.0   28.0   1.24     0.23                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-370   No Significant results - RC  water test                         RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   54.0   68.0   14.0   0.40     0.05     0.26     64       DD
            ox   57.3   64.0    6.7   0.63     0.05     0.42     66       DD
         -------------------------------------------------------------------
            su  126.0  131.0    5.0   0.48     4.64                       DD
PXE-371     su  126.0  129.0    3.0   0.55     7.69                       DD
         -------------------------------------------------------------------
            su  147.0  161.0   14.0   0.65     0.12                       DD
            su  154.0  160.0    6.0   1.24     0.20                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   96.0  109.0   13.0   0.71     0.13                       DD
            su  107.0  109.0    2.0   0.93     0.07                       DD
         -------------------------------------------------------------------
            su  111.0  117.0    6.0   0.59     0.02                       DD
         -------------------------------------------------------------------
            su  119.0  124.0    5.0   0.31     0.02                       DD
         -------------------------------------------------------------------
            su  134.0  140.0    6.0   0.20     0.22                       DD
PXE-372     su  134.0  137.0    3.0   0.28     0.41                       DD
         -------------------------------------------------------------------
            su  143.0  155.0   12.0   0.51     0.02                       DD
            su  143.0  146.0    3.0   1.15     0.06                       DD
         -------------------------------------------------------------------
            su  162.0  174.0   12.0   0.41     0.11                       DD
         -------------------------------------------------------------------
            su  195.0  205.0   10.0   0.67     0.12                       DD
         -------------------------------------------------------------------
            su  292.0  305.3   13.3   1.10     0.12                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su     74    127   53.0   0.49     0.06                       DD
            su     90    114   24.0   0.82     0.08                       DD
            su     90     95    5.0   1.26     0.08                       DD
            su    102    110    8.0   1.28     0.16                       DD
         -------------------------------------------------------------------
PXE-373     su    132    146   14.0   0.35     0.01                       DD
            su    132    139    7.0   0.50     0.01                       DD
         -------------------------------------------------------------------
            su    158    172   14.0   0.49     0.03                       DD
            su    158    162    4.0   0.94     0.06                       DD
         -------------------------------------------------------------------
            su    206    209    3.0   0.24     0.28                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   55.0   59.0    4.0   0.23     0.54                       DD
         -------------------------------------------------------------------
            su   69.0   71.0    2.0   0.34     0.02                       DD
         -------------------------------------------------------------------
            su   95.0   98.0    3.0   0.45     0.05                       DD
         -------------------------------------------------------------------
            su  101.0  104.0    3.0   0.40     0.04                       DD
         -------------------------------------------------------------------
PXE-374     su  124.0  160.0   36.0   0.30     0.04                       DD
            su  132.0  147.0   15.0   0.46     0.06                       DD
         -------------------------------------------------------------------
            su  170.0  172.0    2.0   0.58     0.05                       DD
         -------------------------------------------------------------------
            su  193.0  194.0    1.0   0.60     0.08                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   18.0   22.0    4.0   0.31     0.08                       DD
            ox   20.0   22.0    2.0   0.50     0.11                       DD
         -------------------------------------------------------------------
            ox   24.0   36.0   12.0   0.13     0.15     0.02     19       DD
         -------------------------------------------------------------------
            su   37.0   40.0    3.0   0.19     0.04                       DD
         -------------------------------------------------------------------
            ox   42.0   48.0    6.0   0.84     0.17                       DD
         -------------------------------------------------------------------
            su   53.0   58.0    5.0   0.63     0.13                       DD
            su   55.0   58.0    3.0   0.92     0.21                       DD
         -------------------------------------------------------------------
            su   64.0   69.0    5.0   0.59     0.14                       DD
         -------------------------------------------------------------------
            su   93.0   96.0    3.0   0.49     0.05                       DD
PXE-375     su   93.0   95.0    2.0   0.65     0.07                       DD
         -------------------------------------------------------------------
            su  106.0  117.0   11.0   0.37     0.31                       DD
            su  106.0  110.0    4.0   0.57     0.74                       DD
         -------------------------------------------------------------------
            su  123.0  126.0    3.0   0.42     0.07                       DD
         -------------------------------------------------------------------
            su  183.0  188.0    5.0   0.68     0.15                       DD
         -------------------------------------------------------------------
            su  240.0  257.0   17.0   0.80     0.31                       DD
            su  252.0  257.0    5.0   2.51     0.73                       DD
         -------------------------------------------------------------------
            su  260.0  268.0    8.0   1.15     0.14                       DD
         -------------------------------------------------------------------
            su  272.0  276.5    4.5   1.78     0.49                       DD
            su  274.0  276.5    2.5   3.03     0.84                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   80.0   98.0   18.0   0.28     0.08                       DD
            su   82.0   89.0    7.0   0.46     0.16                       DD
         -------------------------------------------------------------------
            su  130.0  149.0   19.0   0.41     0.05                       DD
         -------------------------------------------------------------------
PXE-376     su  163.0  167.0    4.0   0.41     0.10                       DD
         -------------------------------------------------------------------
            su  192.0  196.0    4.0   0.54     0.05                       DD
            su  192.0  195.0    3.0   0.67     0.05                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-377          Analytical Results Pending
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   87.0   99.0   12.0   0.32     0.04     0.18     55       DD
         -------------------------------------------------------------------
            su  100.0  119.0   19.0   0.52     0.10                       DD
            su  103.0  119.0   16.0   0.58     0.11                       DD
            su  110.0  119.0    9.0   0.83     0.17                       DD
         -------------------------------------------------------------------
PXE-378     su  126.0  134.0    8.0   0.19     0.01                       DD
         -------------------------------------------------------------------
            su  148.0  160.0   12.0   0.21     0.01                       DD
         -------------------------------------------------------------------
            su  240.0  243.0    3.0   0.31     0.09                       DD
            su  241.0  243.0    2.0   0.43     0.06                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su  114.0  116.0    2.0   0.42     0.10                       DD
         -------------------------------------------------------------------
PXE-379     su  153.9  163.0    9.1   0.51     0.10                       DD
            su  153.9  159.4    5.5   0.79     0.04                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-380   No Significant results - Failed to Reach Target Depth           DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox    1.0   33.0   32.0   0.59     0.35     0.33     57       DD
         -------------------------------------------------------------------
PXE-381     su   33.0   76.0   43.0   0.40     0.31                       DD
         -------------------------------------------------------------------
            su  116.0  119.0    3.0   0.44     0.33                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            ox   20.0   26.0    6.0   0.29     1.13                       DD
         -------------------------------------------------------------------
            su   60.0   64.0    4.0   0.25     0.13                       DD
         -------------------------------------------------------------------
            su   82.0  166.0   84.0   0.79     0.24                       DD
            su   82.0  137.0   55.0   0.99     0.34                       DD
         -------------------------------------------------------------------
PXE-382     su  176.0  220.0   44.0   1.49     0.13                       DD
            su  184.0  207.0   23.0   1.31     0.15                       DD
            su  210.0  215.0    5.0   6.18     0.31                       DD
         -------------------------------------------------------------------
            su  293.0  301.6    8.6   0.67     0.24                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-383    No Significant results  - Failed to Reach Target Depth
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-384    No Significant results  - Failed to Reach Target Depth
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-385          Analytical Results Pending
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   22.0   47.0   25.0   0.54     0.41                       DD
            su   24.0   32.0    8.0   0.59     0.92                       DD
            su   35.0   39.0    4.0   0.96     0.37                       DD
            su   41.0   47.0    6.0   0.72     0.20                       DD
            su   41.0   43.0    2.0   1.68     0.46                       DD
         -------------------------------------------------------------------
            su   51.0   73.0   22.0   0.40     0.06                       DD
            su   51.0   55.0    4.0   0.65     0.09                       DD
            su   56.0   59.0    3.0   0.57     0.05                       DD
            su   64.0   73.0    9.0   0.40     0.08                       DD
PXE-386     su   66.0   72.0    6.0   0.49     0.10                       DD
         -------------------------------------------------------------------
            su   80.0   83.0    3.0   0.37     0.05                       DD
            su   82.0   83.0    1.0   0.90     0.05                       DD
         -------------------------------------------------------------------
            su   86.0  100.0   14.0   0.72     0.10                       DD
            su   90.0   98.0    8.0   1.15     0.13                       DD
            su   90.0   96.0    6.0   1.46     0.15                       DD
         -------------------------------------------------------------------
            su  110.0  113.0    3.0   0.66     0.16                       DD
         -------------------------------------------------------------------
            su  118.0  172.0   54.0   0.31     0.05                       DD
            su  118.0  124.0    6.0   0.22     0.04                       DD
----------------------------------------------------------------------------
            su  122.0  124.0    2.0   0.43     0.06                       DD
            su  128.0  134.0    6.0   0.19     0.08                       DD
            su  130.0  134.0    4.0   0.22     0.09                       DD
            su  142.0  148.0    6.0   0.52     0.13                       DD
PXE-386     su  158.0  172.0   14.0   0.62     0.05                       DD
         -------------------------------------------------------------------
(cont)      su  176.0  217.0   41.0   0.67     0.09                       DD
            su  176.0  212.0   36.0   0.73     0.09                       DD
            su  176.0  184.0    8.0   0.49     0.09                       DD
            su  194.0  212.0   18.0   1.07     0.11                       DD
            su  194.0  204.0   10.0   1.68     0.14                       DD
----------------------------------------------------------------------------
----------------------------------------------------------------------------
            su   71.0   74.0    3.0   0.13     0.05     0.05     39       RC
         -------------------------------------------------------------------
            ox   78.0   81.0    3.0   1.10     0.05     0.83     76       RC
            ox   78.0   80.0    2.0   1.56     0.05     1.21     77       RC
         -------------------------------------------------------------------
            ox  111.1  128.0   16.9   0.38     0.12     0.24     64       RC
            ox  113.1  126.7   13.6   0.44     0.13     0.29     65       RC
PXE-387     ox  115.2  126.7   11.5   0.49     0.13     0.32     66       RC
            ox  119.0  126.7    7.7   0.50     0.16     0.30     60       RC
         -------------------------------------------------------------------
            ox  131.1  143.9   12.8   0.28     0.02     0.07     25       RC
            ox  134.1  136.9    2.8   0.35     0.01     0.11     31       RC
            ox  138.3  143.9    5.6   0.36     0.04     0.08     22       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-391   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-392     ox   20.0   26.0    6.0   0.29     1.13                       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-393   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-394   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-395     su   60.0   64.0    4.0   0.25     0.13                       RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------
PXE-396   No Significant results - RC Condemnation Test                   RC
----------------------------------------------------------------------------
----------------------------------------------------------------------------

&lt;/pre&gt;&lt;p&gt;
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

&lt;/p&gt;
 
&lt;pre&gt;Contacts:
&lt;org value="TorontoVE:EXO" idsrc="xmltag.org"&gt;Explorator Resources Inc.&lt;/org&gt;
&lt;person&gt;David O'Connor&lt;/person&gt;
President
+56-9787800401
&lt;a href="mailto:info@explorator.ca"&gt;info@explorator.ca&lt;/a&gt;
&lt;a href="http://www.explorator.ca"&gt;www.explorator.ca&lt;/a&gt;

&lt;/pre&gt;
</description><link>http://www.explorator.ca/PressReleases/PressReleasesLanding/PressReleaseDetails/default.aspx?PressReleaseId=9e942c22-d44b-4b22-8a80-3bd769529c84</link><pubDate>Tue, 13 Apr 2010 08:30:00 -0400</pubDate></item></channel></rss>