Explorator Press Releases

Explorator Resources Intercepts a New Gold Rich Horizon at the Base of the Rachel Zone at El Espino

Mon, 14 Dec 2009 07:00:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 12/14/09 -- Explorator Resources Inc. ("Explorator" or the "Company")(TSX VENTURE: EXO) through its subsidiary Explorator SCM (51% owned by Sociedad Punta del Cobre S.A. and 49% owned by Explorator Resources Inc.) has intercepted a gold rich horizon during the continuation of its two-drill rig, 14,000 meter diamond drilling program focused 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.

HIGHLIGHTS INCLUDE DRILL HOLES PXE-329: 44.8 m @ 0.36% Cu and 8.09 g/t Au, with 19.8 m @ 0.09% Cu and 14.73 g/t Au; PXE-339: 11.0 m @ 0.08% Cu and 8.07 g/t Au; PXE-352: 2.0 m @ 0.01% Cu and 18.90 g/t Au)

The Rachel area extends roughly 1,100 meters north-south and 600 meters east-west. Copper-gold mineralization at Rachel is hosted by a sequence of interlayered calcareous sedimentary rocks and andesitic volcanic rocks and consists of multiple stratigraphically controlled subhorizontal manto horizons as well as steep dipping vein sets.

In the Central Rachel area, recent drilling programmed to demonstrate geological continuity of previously defined mineralised areas has intersected a zone of gold mineralization at depth. Intercepts over a 200m long east-west section of this zone are highlighted above. The north-south continuity is unknown to date. In addition, several of the gold rich intercepts, including Hole PXE 329 (44.8m at 8.09g/tAu) bottomed in gold mineralization, due to drilling problems.

The gold mineralization is located below a 20 to 40 meter thick brecciated calcilutite unit and massive pyrite +- chalcopyrite often occurs at the top of the gold zone and below the calcilutite. Gold is associated with coarse grained calcite-quartz veins both crosscutting and subparallel stratigraphically and which have variable amounts of sulphide and specularite. The highest gold grades are generally in veins with free gold and little or no sulphide or specularite.

This newly recognised gold zone is located outside of the Whittle Pit shell floated by AMEC in their preliminary economic assessment and has the potential to add to the overall gold resource at El Espino.

There are two major structural components controlling copper-gold mineralisation at El Espino, being the main NNW trend of mineralisation and the northeast trending Pirata-Portugesas trend. The latter trend has associated higher grade gold values and is evident in the Chon Chon gold mine and Portugesas-Pirata zones. In addition to our ongoing drill testing of the copper-gold mantos, the joint venture technical committee plans to evaluate a program of deeper exploration drilling in the Rachel area to determine the dimensions and grade of this gold resource.

A total of 45 holes (10,000 meters) have been completed in the current program and results for 36 holes have been received. Results for the initial 10 holes were reported September 2, 2009. Significant intersections for the latest 26 drill holes are listed in the table at the end of this press release. In addition to the deeper gold intercepts, the following copper-gold values are highlighted, which support the model used by Micon International in their resource estimate:


PXE-325 - 46.0 m @ 0.72% Cu and 0.14 g/t Au
PXE-327 - 28.0 m @ 1.04% Cu and 0.11 g/t Au
PXE-329 - 31.0 m @ 1.54% Cu and 0.16 g/t Au
PXE-335 - 47.0 m @ 0.70% Cu and 0.07 g/t Au
PXE-341 - 29.0 m @ 0.94% Cu and 0.13 g/t Au
PXE-343 - 47.0 m @ 1.06% Cu and 0.12 g/t Au
PXE-344 - 38.0 m @ 0.96% Cu and 0.83 g/t Au
PXE-350 - 34.0 m @ 1.07% Cu and 0.17 g/t Au
PXE-356 - 48.8 m @ 0.93% Cu and 0.05 g/t Au
PXE-357 - 22.4 m @ 1.02% Cu and 0.27 g/t Au
PXE-363 - 34.0 m @ 1.26% Cu and 0.57 g/t Au

The mineral resources estimated by Micon International for El Espino (see press release dated Nov 25, 2008) were (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).

The mineral resource estimate was completed using Kriging estimation methodology. The resource estimate was based on block modeling with a search ellipse for the indicated resource of 75 metres by 55 metres by 20 metres and a search ellipse for the inferred resource of 180 metres by 90 metres by 36 metres for the copper resources. For high grade gold a third search ellipse of 35 metres by 25 metres by 10 metres was used to limit the extent of the higher grade mineralization in the indicated resource category. The resource estimate was based on using the grade from 6969 - 2 metre composites in 268 drill holes.

The November 2008 El Espino-Venus mineral resource estimate was audited by "Qualified Person" William Lewis, P. Geo. of Micon International Limited.


                  Significant Drill Hole Intersections

PXE-325
   97.0  to 143.0 46.0 m @ 0.72% Cu and 0.14 g/t Au  Sulfide

PXE-326
   129.0 to 136.0 7.0 m @ 0.52% Cu and 0.07 g/t Au   Sulfide (2% soluble)
   161.0 to 166.0 5.0 m @ 0.52% Cu and 0.05 g/t Au   Sulfide (1% soluble)
   177.0 to 180.0 3.0 m @ 0.47% Cu and 0.12 g/t Au   Sulfide

PXE-327
   99.0  to 112.0 13.0 m @ 0.67% Cu and 0.20 g/t Au  Sulfide
   145.0 to 173.0 28.0 m @ 1.04% Cu and 0.11 g/t Au  Sulfide

PXE-328
   100.0 to 109.0 9.0 m @ 0.52% Cu and 0.12 g/t Au   Oxide
   115.0 to 127.0 12.0 m @ 0.93% Cu and 0.12 g/t Au  Sulfide
   129.0 to 133.0 4.0 m @ 0.73% Cu and 0.06 g/t Au   Sulfide

PXE-329
   85.0 to 102.0  17.0 m @ 0.41% Cu and 0.21 g/t Au  Sulfide
   Including      4.0 m @ 0.63% Cu and 0.27 g/t Au   Sulfide
   140.0 to 171.0 31.0 m @ 1.54% Cu and 0.16 g/t Au  Sulfide
   Including      6.0 m @ 3.76% Cu and 0.31 g/t Au   Sulfide
   179.0 to 209.0 30.0 m @ 0.64% Cu and 0.09 g/t Au  Sulfide
   Including      7.0 m @ 1.36% Cu and 0.16 g/t Au   Sulfide
   192.0 to 200.0 8.0 m @ 0.77% Cu and 0.06 g/t Au   Sulfide
   298.0 to 342.8 44.8 m @ 0.36% Cu and 8.09 g/t Au  Sulfide
   Including      7.0 m @ 1.05% Cu and 0.51 g/t Au   Sulfide
   And            36.8 m @ 0.23% Cu and 9.75 g/t Au  Sulfide
   With           19.8 m @ 0.09% Cu and 14.73 g/t Au Sulfide

PXE-334
   74.0 to 115.0  41.0 m @ 0.58% Cu and 0.06 g/t Au  sulfide
   With           11.0 m @ 0.91% Cu and 0.11 g/t Au  sulfide
   127.0 to 140.0 13.0 m @ 0.75% Cu and 0.14 g/t Au  sulfide
   149.0 to 155.0 6.0 m @ 0.85% Cu and 0.12 g/t Au   sulfide

PXE-335
   73.0 to 120.0  47.0 m @ 0.70% Cu and 0.07 g/t Au  sulfide
   With           15.0 m @ 1.35% Cu and 0.14 g/t Au  sulfide

PXE-336
   70.0 to 73.0   3.0 m @ 0.54% Cu and 0.03 g/t Au   oxide   (69% soluble)
   95.0 to 106.0  11.0 m @ 0.79% Cu and 0.18 g/t Au  sulfide

PXE-337
   56.0 to 69.0   13.0 m @ 0.91% Cu and 0.07 g/t Au  oxide
   86.0 to 92.0   6.0 m @ 0.47% Cu and 0.04 g/t Au   sulfide
   170.0 to 175.0 5.0 m @ 0.97% Cu and 1.20 g/t Au   sulfide

PXE-338
   1.0 to 48.0    47.0 m @ 0.28% Cu and 0.05 g/t Au  oxide   (45% soluble)
   Including      6.0 m @ 0.51% Cu and 0.05 g/t Au   oxide   (56% soluble)
   54.0 to 60.0   6.0 m @ 0.09% Cu and 6.78 g/t Au   oxide   (57% soluble)
   Including      1.0 m @ 0.16% Cu and 36.20 g/t Au  oxide   (63% soluble)
   75.0 to 97.0   22.0 m @ 0.44% Cu and 0.04 g/t Au  sulfide
   Including      2.0 m @ 1.01% Cu and 0.10 g/t Au   sulfide
   127.0 to 142.0 15.0 m @ 0.43% Cu and 0.07 g/t Au  sulfide
   179.0 to 201.0 22.0 m @ 0.36% Cu and 0.28 g/t Au  sulfide
   Including      13.0 m @ 0.54% Cu and 0.31 g/t Au  sulfide
   206.0 to 230.0 24.0 m @ 0.34% Cu and 0.29 g/t Au  sulfide
   237.0 to 251.6 14.6 m @ 0.00% Cu and 0.22 g/t Au  sulfide

PXE-339
   33.0 to 51.0   18.0 m @ 0.44% Cu and 0.11 g/t Au  Oxide   (52% soluble)
   75.0 to 77.0   2.0 m @ 0.69% Cu and 0.02 g/t Au   Sulfide
   91.0 to 92.0   1.0 m @ 0.98% Cu and 0.17 g/t Au   Sulfide
   109.0 to 126.0 17.0 m @ 0.44% Cu and 0.04 g/t Au  Sulfide
   Including      3.0 m @ 1.03% Cu and 0.05 g/t Au   Sulfide
   And            3.0 m @ 0.90% Cu and 0.07 g/t Au   Sulfide
   135.0 to 149.0 14.0 m @ 0.54% Cu and 0.11 g/t Au  Sulfide
   Including      8.0 m @ 0.71% Cu and 0.16 g/t Au   Sulfide
   151.0 to 175.0 24.0 m @ 0.40% Cu and 0.16 g/t Au  Sulfide
   Including      16.0 m @ 0.54% Cu and 0.22 g/t Au  Sulfide
   197.0 to 210.0 13.0 m @ 0.54% Cu and 0.34 g/t Au  Sulfide
   Including      7.0 m @ 0.63% Cu and 0.35 g/t Au   Sulfide
   And            3.0 m @ 0.75% Cu and 0.52 g/t Au   Sulfide
   229.0 to 232.7 3.7 m @ 0.01% Cu and 1.15 g/t Au   Sulfide
   245.0 to 260.0 15.0 m @ 0.07% Cu and 5.97 g/t Au  Sulfide
   Including      11.0 m @ 0.08% Cu and 8.07 g/t Au  Sulfide

PXE-340
   92.0 to 118.0  26.0 m @ 0.45% Cu and 1.10 g/t Au  Sulfide
   Including      4.0 m @ 0.21% Cu and 6.79 g/t Au   Sulfide
   And            10.0 m @ 0.89% Cu and 0.09 g/t Au  Sulfide
   133.0 to 161.0 28.0 m @ 0.35% Cu and 0.12 g/t Au  Sulfide
   Including      7.0 m @ 0.82% Cu and 0.13 g/t Au   Sulfide

PXE-341
   21.0 to 35.0   14.0 m @ 0.46% Cu and 0.03 g/t Au  Oxide
   Including      6.0 m @ 0.73% Cu and 0.03 g/t Au   Oxide
   45.0 to 52.0   7.0 m @ 0.40% Cu and 0.08 g/t Au   Oxide
   110.0 to 122.0 12.0 m @ 0.40% Cu and 2.14 g/t Au  Sulfide
   Including      4.0 m @ 0.44% Cu and 6.35 g/t Au   Sulfide
   137.0 to 166.0 29.0 m @ 0.94% Cu and 0.13 g/t Au  Sulfide
   Including      10.0 m @ 1.58% Cu and 0.18 g/t Au  Sulfide
   189.0 to 195.0 6.0 m @ 0.24% Cu and 0.46 g/t Au   Sulfide

PXE-342
   1.0 to 6.0     5.0 m @ 0.31% Cu and 0.07 g/t Au   Oxide   (29% soluble)
   71.0 to 73.0   2.0 m @ 0.72% Cu and 0.01 g/t Au   Sulfide
   79.0 to 87.0   8.0 m @ 0.51% Cu and 0.14 g/t Au   Sulfide
   Including      6.0 m @ 0.62% Cu and 0.18 g/t Au   Sulfide

PXE-343
   21.0 to 43.0   22.0 m @ 0.76% Cu and 0.11 g/t Au  Oxide   (84% soluble)
   Including      10.0 m @ 1.24% Cu and 0.14 g/t Au  Oxide   (87% soluble)
   46.0 to 50.0   4.0 m @ 0.72% Cu and 0.07 g/t Au   Oxide   (58% soluble)
   65.0 to 112.0  47.0 m @ 1.06% Cu and 0.12 g/t Au  Sulfide
   Including      19.0 m @ 2.00% Cu and 0.23 g/t Au  Sulfide
   And            5.0 m @ 0.79% Cu and 0.05 g/t Au   Sulfide
   121.0 to 137.0 16.0 m @ 0.69% Cu and 0.18 g/t Au  Sulfide
   Including      5.0 m @ 1.12% Cu and 0.36 g/t Au   Sulfide

PXE-344
   18.0 to 26.0   8.0 m @ 0.29% Cu and 0.05 g/t Au   Oxide   (76% soluble)
   31.0 to 43.0   12.0 m @ 0.35% Cu and 0.10 g/t Au  Oxide   (67% soluble)
   55.0 to 56.0   1.0 m @ 0.45% Cu and 3.44 g/t Au   Oxide   (74% soluble)
   69.0 to 87.0   18.0 m @ 1.17% Cu and 0.20 g/t Au  Sulfide
   110.0 to 125.0 15.0 m @ 0.48% Cu and 0.09 g/t Au  Sulfide
   Including      5.0 m @ 0.74% Cu and 0.16 g/t Au   Sulfide
   134.0 to 172.0 38.0 m @ 0.96% Cu and 0.83 g/t Au  Sulfide
   Including      8.0 m @ 1.93% Cu and 2.04 g/t Au   Sulfide
   And            4.7 m @ 2.04% Cu and 0.83 g/t Au   Sulfide

PXE-345
   31.0 to 52.0   21.0 m @ 0.42% Cu and 0.03 g/t Au  oxide   (78% soluble)
   Including      7.0 m @ 0.76% Cu and 0.03 g/t Au   oxide   (77% soluble)
   52.0 to 75.0   23.0 m @ 0.60% Cu and 0.06 g/t Au  sulfide
   Including      7.0 m @ 1.13% Cu and 0.10 g/t Au   sulfide
   89.0 to 99.0   10.0 m @ 0.54% Cu and 0.05 g/t Au  sulfide
   Including      5.0 m @ 0.87% Cu and 0.07 g/t Au   sulfide
   105.0 to 109.0 4.0 m @ 1.06% Cu and 0.12 g/t Au   sulfide

PXE-346
   42.0 to 47.0   5.0 m @ 0.68% Cu and 0.10 g/t Au   Oxide   (69% soluble)
   72.0 to 76.0   4.0 m @ 0.41% Cu and 0.11 g/t Au   Sulfide
   83.0 to 95.0   12.0 m @ 0.69% Cu and 0.13 g/t Au  Sulfide
   Including      8.0 m @ 0.86% Cu and 0.14 g/t Au   Sulfide
   154.0 to 163.0 9.0 m @ 1.08% Cu and 0.15 g/t Au   Sulfide
   198.0 to 202.0 4.0 m @ 0.68% Cu and 0.18 g/t Au   Sulfide
   219.0 to 276.0 57.0 m @ 0.56% Cu and 0.08 g/t Au  Sulfide
   Including      10.0 m @ 0.71% Cu and 0.06 g/t Au  Sulfide
   And            12.0 m @ 1.04% Cu and 0.12 g/t Au  Sulfide
   And            4.0 m @ 1.08% Cu and 0.23 g/t Au   sulfide

PXE-347
   23.0 to 31.0   8.0 m @ 0.29% Cu and 0.14 g/t Au   Oxide   (34% soluble)

PXE-349
   72.0 to 148.0  76.0 m @ 0.65% Cu and 0.06 g/t Au  Sulfide
   Including      24.0 m @ 1.03% Cu and 0.08 g/t Au  Sulfide
   154.0 to 189.2 35.2 m @ 0.47% Cu and 0.04 g/t Au  Sulfide
   180.0 to 189.2 9.2 m @ 1.24% Cu and 0.10 g/t Au   Sulfide

PXE-350
   82.0 to 90.0   8.0 m @ 0.69% Cu and 0.10 g/t Au   Sulfide
   106.0 to 115.0 9.0 m @ 0.53% Cu and 0.10 g/t Au   Sulfide
   Including      6.0 m @ 0.64% Cu and 0.13 g/t Au   Sulfide
   130.0 to 164.0 34.0 m @ 1.07% Cu and 0.17 g/t Au  sulfide
   255.0 to 272.0 17.0 m @ 0.75% Cu and 1.22 g/t Au  sulfide
   Including      10.0 m @ 1.26% Cu and 1.60 g/t Au  sulfide
   278.0 to 280.0 2.0 m @ 0.00% Cu and 2.73 g/t Au   sulfide

PXE-352
   73.0 to 82.0   9.0 m @ 0.53% Cu and 0.06 g/t Au   oxide   (71% soluble)
   120.0 to 126.0 6.0 m @ 0.61% Cu and 0.30 g/t Au   sulfide
   162.0 to 179.0 17.0 m @ 0.55% Cu and 0.10 g/t Au  sulfide
   Including      3.0 m @ 0.96% Cu and 0.17 g/t Au   sulfide
   256.0 to 258.0 2.0 m @ 0.01% Cu and 18.90 g/t Au  sulfide
   273.0 to 295.0 22.0 m @ 0.21% Cu and 0.91 g/t Au  sulfide

PXE-356
   88.3 to 137.0  48.8 m @ 0.93% Cu and 0.05 g/t Au  Oxide   (71% soluble)
   Including      18.8 m @ 1.29% Cu and 0.05 g/t Au  Oxide   (82% soluble)

PXE-357
   111.8 to 139.0 27.2 m @ 0.88% Cu and 0.23 g/t Au  Oxide
   Including      22.4 m @ 1.02% Cu and 0.27 g/t Au  Oxide
   192.0 to 196.0 4.0 m @ 1.22% Cu and 1.82 g/t Au   Sulfide

PXE-363
   0.0 to 34.0    34.0 m @ 1.26% Cu and 0.57 g/t Au  Oxide   (82% soluble)
   34.0 to 60.0   26.0 m @ 0.98% Cu and 0.27 g/t Au  sulfide

Other Information:

This news release, as well as other information related to the Company, is available on the Company's web site at www.explorator.ca.

EXPLORATOR RESOURCES INC.

David O'Connor, President

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company with a 49% interest in the El Espino Copper-Gold Project in Chile (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of Santiago, 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 May 11, 2009) 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 $1.06/lb, net of gold credits (based on a gold price of $680/oz.) and also noted good potential for further resource expansion. Sociedad Punta del Cobre S.A. ("SPC") acquired the remaining 51% of the Project in March 2009 in return for an investment of up to US$18.5 million, with US$7.0 million 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.

REGULATORY FOOTNOTE

Mr. Michael Schuler, 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 ALS Chemex of La Serena in Chile; ALS Chemex 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 ALS Chemex laboratory in La Serena by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ALS Analytical Code Au-ICP22 (Au 50g fire assay with ICP-AES finish), (2) ALS analytical code Au-GRA22 (Au 50g fire assay with a gravity finish), (3) ALS analytical code ME-ICP61 (33 element analysis using a four acid digestion and ICP-AES analysis), (4) ALS analytical code Cu-AA62 (ore grade copper analysis using a four acid digestion and an AAS finish. 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 initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

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.

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.

Contacts:
Explorator Resources Inc.David O'Connor
President
+56-9787800401
email at info@explorator.cawww.explorator.ca

Explorator Resources Intercepts a New Gold Rich Horizon at the Base of the Rachel Zone at El Espino

Mon, 07 Dec 2009 15:05:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 12/07/09 -- Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE: EXO) through its subsidiary Explorator SCM (51% owned by Sociedad Punta del Cobre S.A. and 49% owned by Explorator Resources Inc.) has intercepted a gold rich horizon during the continuation of its two-drill rig, 14,000 meter diamond drilling program focused 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.

The gold mineralization is located below a 20 to 40 meter thick brecciated calcilutite unit and massive pyrite +/- chalcopyrite often occurs at the top of the gold zone and below the calcilutite. Gold is associated with coarse grained calcite-quartz veins both crosscutting and subparallel stratigraphically and which have variable amounts of sulphide and specularite. The highest gold grades are generally in veins with free gold and little or no sulphide or specularite.

A total of 45 holes (10,000 meters) have been completed in the current program and results for 36 holes have been received. Results for the initial 10 holes were reported September 2, 2009.

Significant intersections for the latest 26 drill holes are listed in the table at the end of this press release. In addition to the deeper gold intercepts, the following copper-gold values are highlighted, which support the model used by Micon International in their resource estimate:


PXE-325 - 46.0 m @ 0.72% Cu and 0.14 g/t Au
PXE-327 - 28.0 m @ 1.04% Cu and 0.11 g/t Au
PXE-329 - 31.0 m @ 1.54% Cu and 0.16 g/t Au
PXE-335 - 47.0 m @ 0.70% Cu and 0.07 g/t Au
PXE-341 - 29.0 m @ 0.94% Cu and 0.13 g/t Au
PXE-343 - 47.0 m @ 1.06% Cu and 0.12 g/t Au
PXE-344 - 38.0 m @ 0.96% Cu and 0.83 g/t Au
PXE-350 - 34.0 m @ 1.07% Cu and 0.17 g/t Au
PXE-356 - 48.8 m @ 0.93% Cu and 0.05 g/t Au
PXE-357 - 22.4 m @ 1.02% Cu and 0.27 g/t Au
PXE-363 - 34.0 m @ 1.26% Cu and 0.57 g/t Au

The November 2008 El Espino-Venus mineral resource estimate was audited by "Qualified Person" William Lewis, P. Geo. of Micon International Limited.


                       Significant Drill Hole Intersections

PXE-325 97.0 to 143.0  46.0 m @ 0.72% Cu and 0.14 g/t Au  Sulfide

                                                                  (2%
PXE-326 129.0 to 136.0 7.0 m @ 0.52% Cu and 0.07 g/t Au   Sulfide soluble)
                                                                  (1%
        161.0 to 166.0 5.0 m @ 0.52% Cu and 0.05 g/t Au   Sulfide soluble)
        177.0 to 180.0 3.0 m @ 0.47% Cu and 0.12 g/t Au   Sulfide

PXE-327 99.0 to 112.0  13.0 m @ 0.67% Cu and 0.20 g/t Au  Sulfide
        145.0 to 173.0 28.0 m @ 1.04% Cu and 0.11 g/t Au  Sulfide

PXE-328 100.0 to 109.0 9.0 m @ 0.52% Cu and 0.12 g/t Au   Oxide
        115.0 to 127.0 12.0 m @ 0.93% Cu and 0.12 g/t Au  Sulfide
        129.0 to 133.0 4.0 m @ 0.73% Cu and 0.06 g/t Au   Sulfide

PXE-329 85.0 to 102.0  17.0 m @ 0.41% Cu and 0.21 g/t Au  Sulfide
        Including      4.0 m @ 0.63% Cu and 0.27 g/t Au   Sulfide
        140.0 to 171.0 31.0 m @ 1.54% Cu and 0.16 g/t Au  Sulfide
        Including      6.0 m @ 3.76% Cu and 0.31 g/t Au   Sulfide
        179.0 to 209.0 30.0 m @ 0.64% Cu and 0.09 g/t Au  Sulfide
        Including      7.0 m @ 1.36% Cu and 0.16 g/t Au   Sulfide
        192.0 to 200.0 8.0 m @ 0.77% Cu and 0.06 g/t Au   Sulfide
        298.0 to 342.8 44.8 m @ 0.36% Cu and 8.09 g/t Au  Sulfide
        Including      7.0 m @ 1.05% Cu and 0.51 g/t Au   Sulfide
        And            36.8 m @ 0.23% Cu and 9.75 g/t Au  Sulfide
        With           19.8 m @ 0.09% Cu and 14.73 g/t Au Sulfide

PXE-334 74.0 to 115.0  41.0 m @ 0.58% Cu and 0.06 g/t Au  sulfide
        With           11.0 m @ 0.91% Cu and 0.11 g/t Au  sulfide
        127.0 to 140.0 13.0 m @ 0.75% Cu and 0.14 g/t Au  sulfide
        149.0 to 155.0 6.0 m @ 0.85% Cu and 0.12 g/t Au   sulfide

PXE-335 73.0 to 120.0  47.0 m @ 0.70% Cu and 0.07 g/t Au  sulfide
        With           15.0 m @ 1.35% Cu and 0.14 g/t Au  sulfide

                                                                  (69%
PXE-336 70.0 to 73.0   3.0 m @ 0.54% Cu and 0.03 g/t Au   oxide   soluble)
        95.0 to 106.0  11.0 m @ 0.79% Cu and 0.18 g/t Au  sulfide

PXE-337 56.0 to 69.0   13.0 m @ 0.91% Cu and 0.07 g/t Au  oxide
        86.0 to 92.0   6.0 m @ 0.47% Cu and 0.04 g/t Au   sulfide
        170.0 to 175.0 5.0 m @ 0.97% Cu and 1.20 g/t Au   sulfide

                                                                  (45%
PXE-338 1.0 to 48.0    47.0 m @ 0.28% Cu and 0.05 g/t Au  oxide   soluble)
                                                                  (56%
        Including      6.0 m @ 0.51% Cu and 0.05 g/t Au   oxide   soluble)
                                                                  (57%
        54.0 to 60.0   6.0 m @ 0.09% Cu and 6.78 g/t Au   oxide   soluble)
                                                                  (63%
        Including      1.0 m @ 0.16% Cu and 36.20 g/t Au  oxide   soluble)
        75.0 to 97.0   22.0 m @ 0.44% Cu and 0.04 g/t Au  sulfide
        Including      2.0 m @ 1.01% Cu and 0.10 g/t Au   sulfide
        127.0 to 142.0 15.0 m @ 0.43% Cu and 0.07 g/t Au  sulfide
        179.0 to 201.0 22.0 m @ 0.36% Cu and 0.28 g/t Au  sulfide
        Including      13.0 m @ 0.54% Cu and 0.31 g/t Au  sulfide
        206.0 to 230.0 24.0 m @ 0.34% Cu and 0.29 g/t Au  sulfide
        237.0 to 251.6 14.6 m @ 0.00% Cu and 0.22 g/t Au  sulfide

                                                                  (52%
PXE-339 33.0 to 51.0   18.0 m @ 0.44% Cu and 0.11 g/t Au  Oxide   soluble)
        75.0 to 77.0   2.0 m @ 0.69% Cu and 0.02 g/t Au   Sulfide
        91.0 to 92.0   1.0 m @ 0.98% Cu and 0.17 g/t Au   Sulfide
        109.0 to 126.0 17.0 m @ 0.44% Cu and 0.04 g/t Au  Sulfide
        Including      3.0 m @ 1.03% Cu and 0.05 g/t Au   Sulfide
        And            3.0 m @ 0.90% Cu and 0.07 g/t Au   Sulfide
        135.0 to 149.0 14.0 m @ 0.54% Cu and 0.11 g/t Au  Sulfide
        Including      8.0 m @ 0.71% Cu and 0.16 g/t Au   Sulfide
        151.0 to 175.0 24.0 m @ 0.40% Cu and 0.16 g/t Au  Sulfide
        Including      16.0 m @ 0.54% Cu and 0.22 g/t Au  Sulfide
        197.0 to 210.0 13.0 m @ 0.54% Cu and 0.34 g/t Au  Sulfide
        Including      7.0 m @ 0.63% Cu and 0.35 g/t Au   Sulfide
        And            3.0 m @ 0.75% Cu and 0.52 g/t Au   Sulfide
        229.0 to 232.7 3.7 m @ 0.01% Cu and 1.15 g/t Au   Sulfide
        245.0 to 260.0 15.0 m @ 0.07% Cu and 5.97 g/t Au  Sulfide
        Including      11.0 m @ 0.08% Cu and 8.07 g/t Au  Sulfide

PXE-340 92.0 to 118.0  26.0 m @ 0.45% Cu and 1.10 g/t Au  Sulfide
        Including      4.0 m @ 0.21% Cu and 6.79 g/t Au   Sulfide
        And            10.0 m @ 0.89% Cu and 0.09 g/t Au  Sulfide
        133.0 to 161.0 28.0 m @ 0.35% Cu and 0.12 g/t Au  Sulfide
        Including      7.0 m @ 0.82% Cu and 0.13 g/t Au   Sulfide

PXE-341 21.0 to 35.0   14.0 m @ 0.46% Cu and 0.03 g/t Au  Oxide
        Including      6.0 m @ 0.73% Cu and 0.03 g/t Au   Oxide
        45.0 to 52.0   7.0 m @ 0.40% Cu and 0.08 g/t Au   Oxide
        110.0 to 122.0 12.0 m @ 0.40% Cu and 2.14 g/t Au  Sulfide
        Including      4.0 m @ 0.44% Cu and 6.35 g/t Au   Sulfide
        137.0 to 166.0 29.0 m @ 0.94% Cu and 0.13 g/t Au  Sulfide
        Including      10.0 m @ 1.58% Cu and 0.18 g/t Au  Sulfide
        189.0 to 195.0 6.0 m @ 0.24% Cu and 0.46 g/t Au   Sulfide

                                                                  (29%
PXE-342 1.0 to 6.0     5.0 m @ 0.31% Cu and 0.07 g/t Au   Oxide   soluble)
        71.0 to 73.0   2.0 m @ 0.72% Cu and 0.01 g/t Au   Sulfide
        79.0 to 87.0   8.0 m @ 0.51% Cu and 0.14 g/t Au   Sulfide
        Including      6.0 m @ 0.62% Cu and 0.18 g/t Au   Sulfide

                                                                  (84%
PXE-343 21.0 to 43.0   22.0 m @ 0.76% Cu and 0.11 g/t Au  Oxide   soluble)
                                                                  (87%
        Including      10.0 m @ 1.24% Cu and 0.14 g/t Au  Oxide   soluble)
                                                                  (58%
        46.0 to 50.0   4.0 m @ 0.72% Cu and 0.07 g/t Au   Oxide   soluble)
        65.0 to 112.0  47.0 m @ 1.06% Cu and 0.12 g/t Au  Sulfide
        Including      19.0 m @ 2.00% Cu and 0.23 g/t Au  Sulfide
        And            5.0 m @ 0.79% Cu and 0.05 g/t Au   Sulfide
        121.0 to 137.0 16.0 m @ 0.69% Cu and 0.18 g/t Au  Sulfide
        Including      5.0 m @ 1.12% Cu and 0.36 g/t Au   Sulfide

                                                                  (76%
PXE-344 18.0 to 26.0   8.0 m @ 0.29% Cu and 0.05 g/t Au   Oxide   soluble)
                                                                  (67%
        31.0 to 43.0   12.0 m @ 0.35% Cu and 0.10 g/t Au  Oxide   soluble)
                                                                  (74%
        55.0 to 56.0   1.0 m @ 0.45% Cu and 3.44 g/t Au   Oxide   soluble)
        69.0 to 87.0   18.0 m @ 1.17% Cu and 0.20 g/t Au  Sulfide
        110.0 to 125.0 15.0 m @ 0.48% Cu and 0.09 g/t Au  Sulfide
        Including      5.0 m @ 0.74% Cu and 0.16 g/t Au   Sulfide
        134.0 to 172.0 38.0 m @ 0.96% Cu and 0.83 g/t Au  Sulfide
        Including      8.0 m @ 1.93% Cu and 2.04 g/t Au   Sulfide
        And            4.7 m @ 2.04% Cu and 0.83 g/t Au   Sulfide

                                                                  (78%
PXE-345 31.0 to 52.0   21.0 m @ 0.42% Cu and 0.03 g/t Au  oxide   soluble)
                                                                  (77%
        Including      7.0 m @ 0.76% Cu and 0.03 g/t Au   oxide   soluble)
        52.0 to 75.0   23.0 m @ 0.60% Cu and 0.06 g/t Au  sulfide
        Including      7.0 m @ 1.13% Cu and 0.10 g/t Au   sulfide
        89.0 to 99.0   10.0 m @ 0.54% Cu and 0.05 g/t Au  sulfide
        Including      5.0 m @ 0.87% Cu and 0.07 g/t Au   sulfide
        105.0 to 109.0 4.0 m @ 1.06% Cu and 0.12 g/t Au   sulfide

                                                                  (69%
PXE-346 42.0 to 47.0   5.0 m @ 0.68% Cu and 0.10 g/t Au   Oxide   soluble)
        72.0 to 76.0   4.0 m @ 0.41% Cu and 0.11 g/t Au   Sulfide
        83.0 to 95.0   12.0 m @ 0.69% Cu and 0.13 g/t Au  Sulfide
        Including      8.0 m @ 0.86% Cu and 0.14 g/t Au   Sulfide
        154.0 to 163.0 9.0 m @ 1.08% Cu and 0.15 g/t Au   Sulfide
        198.0 to 202.0 4.0 m @ 0.68% Cu and 0.18 g/t Au   Sulfide
        219.0 to 276.0 57.0 m @ 0.56% Cu and 0.08 g/t Au  Sulfide
        Including      10.0 m @ 0.71% Cu and 0.06 g/t Au  Sulfide
        And            12.0 m @ 1.04% Cu and 0.12 g/t Au  Sulfide
        And            4.0 m @ 1.08% Cu and 0.23 g/t Au   sulfide

                                                                  (34%
PXE-347 23.0 to 31.0   8.0 m @ 0.29% Cu and 0.14 g/t Au   Oxide   soluble)

PXE-349 72.0 to 148.0  76.0 m @ 0.65% Cu and 0.06 g/t Au  Sulfide
        Including      24.0 m @ 1.03% Cu and 0.08 g/t Au  Sulfide
        154.0 to 189.2 35.2 m @ 0.47% Cu and 0.04 g/t Au  Sulfide
        180.0 to 189.2 9.2 m @ 1.24% Cu and 0.10 g/t Au   Sulfide

PXE-350 82.0 to 90.0   8.0 m @ 0.69% Cu and 0.10 g/t Au   Sulfide
        106.0 to 115.0 9.0 m @ 0.53% Cu and 0.10 g/t Au   Sulfide
        Including      6.0 m @ 0.64% Cu and 0.13 g/t Au   Sulfide
        130.0 to 164.0 34.0 m @ 1.07% Cu and 0.17 g/t Au  sulfide
        255.0 to 272.0 17.0 m @ 0.75% Cu and 1.22 g/t Au  sulfide
        Including      10.0 m @ 1.26% Cu and 1.60 g/t Au  sulfide
        278.0 to 280.0 2.0 m @ 0.00% Cu and 2.73 g/t Au   sulfide

                                                                  (71%
PXE-352 73.0 to 82.0   9.0 m @ 0.53% Cu and 0.06 g/t Au   oxide   soluble)
        120.0 to 126.0 6.0 m @ 0.61% Cu and 0.30 g/t Au   sulfide
        162.0 to 179.0 17.0 m @ 0.55% Cu and 0.10 g/t Au  sulfide
        Including      3.0 m @ 0.96% Cu and 0.17 g/t Au   sulfide
        256.0 to 258.0 2.0 m @ 0.01% Cu and 18.90 g/t Au  sulfide
        273.0 to 295.0 22.0 m @ 0.21% Cu and 0.91 g/t Au  sulfide

                                                                  (71%
PXE-356 88.3 to 137.0  48.8 m @ 0.93% Cu and 0.05 g/t Au  Oxide   soluble)
                                                                  (82%
        Including      18.8 m @ 1.29% Cu and 0.05 g/t Au  Oxide   soluble)

PXE-357 111.8 to 139.0 27.2 m @ 0.88% Cu and 0.23 g/t Au  Oxide
        Including      22.4 m @ 1.02% Cu and 0.27 g/t Au  Oxide
        192.0 to 196.0 4.0 m @ 1.22% Cu and 1.82 g/t Au   Sulfide

                                                                  (82%
PXE-363 0.0 to 34.0    34.0 m @ 1.26% Cu and 0.57 g/t Au  Oxide   soluble)
        34.0 to 60.0   26.0 m @ 0.98% Cu and 0.27 g/t Au  sulfide

Other Information:

This news release, as well as other information related to the Company, is available on the Company's web site at www.explorator.ca.

EXPLORATOR RESOURCES INC.

David O'Connor, President

About Explorator Resources

REGULATORY FOOTNOTE

FORWARD-LOOKING STATEMENTS

Contacts:
Explorator Resources Inc.David O'Connor
President
+(56) 978-780-0401
info@explorator.cawww.explorator.ca

Explorator Reports Third Quarter 2009 Results

Thu, 26 Nov 2009 15:05:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 11/26/09 -- Explorator Resources Inc. ("Explorator" or the "Company")(TSX VENTURE: EXO) reports its financial results for the three and nine month period ended September 30, 2009. Set out herein are the highlights and an excerpt from the MD&A for the three and nine month period ended September 30, 2009.

Highlights:


- Ongoing 14,000 metre drilling program delivers promising results at
  El Espino:
 - Program targeting closer drill spacing of previously defined mineralized
   areas and expanding deposit at depth, where the deposit remains open.
   Initial drilling focused on Rachel and Chon Chon prospects.
 - Initial Chon Chon drill holes 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 high grade gold mineralization at Chon Chon.
 - Initial Rachel area drill holes were designed to confirm and extend the
   resources outlined by previous drilling campaigns. The results support
   the resource model utilized by Micon International Limited 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.
 - Drilling ongoing, with further results released as available.

- Company strengthens team: In early November, 2009, the Company announced the appointment of Walter Segsworth and Richard Colterjohn, as directors. Both individuals have considerable public company experience in the mining sector. Mr. Segsworth also brings considerable mining sector operating experience to the Company, including roles as President and COO of Homestake Mining Company and President and CEO of Westmin Resources Ltd. Mr. Colterjohn has extensive experience in the financing of mining companies, as an investment banker, director and active investor.

- Recent private placement increases Company treasury to $5.5 million: In early November 2009, the Company completed a $4.4 million private placement of Units consisting of 1 common share and 1 warrant. Each Unit was priced at $0.40/share, with each warrant exercisable into 1 common share at a price of $0.50 for a period of 24 months from closing. The investors consisted of Mr. Segsworth, affiliates of Glencoban Capital Management Inc. (of which Mr. Colterjohn is a Managing Partner), SPC and certain other investors.

- Other Projects: In addition to its investment in El Espino, Company management continues to evaluate additional potential investment opportunities.

- Earnings: Q3 2009 loss of CDN$172,181 ($0.003 loss per share basic).

Extract from the Company's Management Discussion and Analysis:

SPC Investment in Explorator Chile:

On March 19, 2009, Explorator completed a previously announced agreement with Sociedad Punta del Cobre S.A. ("SPC") pursuant to which SPC acquired a 51% interest in Explorator Chile in exchange for a payment of US$17 million (the "Agreement"). Under the terms of the Agreement, SPC made a capital contribution of US$10 million to Explorator Chile at the end of March 2009 and will make a further capital contribution of US$7 million to Explorator Chile within 18 months of the execution of a definitive capital contribution agreement for the shares, representing a 51% interest in Explorator Chile. Additionally, the Agreement requires SPC to provide additional funds (up to US$1.5 million) that would be required to carry out a bankable feasibility study with respect to the El Espino Project. Explorator will retain a royalty of US$0.10 per ton of ore that may be processed from the El Espino project.

Of the initial SPC US$10 million capital contribution into Explorator Chile, US$7.0 million was used in March 2009 to complete its acquisition of a 100% interest in the El Espino Copper-Gold Project. The remaining US$3.0 million of SPC's initial capital contribution and SPC's required further capital contributions of up to US$8.5 million will be used to finance the continued exploration and evaluation of the El Espino Project. The Company currently anticipates that this funding should be adequate to meet project expenditures until the end of 2010.

Other Information:

The interim Financial Statements and Management Discussion and Analysis, as well as other information related to the Company are available on the Company's web site at www.explorator.ca and on SEDAR at www.sedar.com.

EXPLORATOR RESOURCES INC.

David O'Connor, President

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company with a 49% interest in the El Espino Copper-Gold Project in Chile (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of Santiago, 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 May 11, 2009) 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 $1.06/lb, net of gold credits (based on a gold price of $680/oz.) and also noted good potential for further resource expansion. Sociedad Punta del Cobre S.A. ("SPC") acquired 51% of the Project in March 2009 in return for an investment of US$17.0 million (plus US$1.5 million as needed to complete a bankable feasibility study), with US$7.0 million used to exercise the option to purchase agreement on the Project and the balance expected to be adequate to meet project expenditures until the end of 2010.

REGULATORY FOOTNOTE

Mr. Michael Schuler, 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 ALS Chemex of La Serena in Chile; ALS Chemex 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 ALS Chemex laboratory in La Serena by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ALS Analytical Code Au-ICP22 (Au 50g fire assay with ICP-AES finish), (2) ALS analytical code AuGRA22 (Au 50g fire assay with a gravity finish), (3) ALS analytical code ME-ICP61 (33 element analysis using a four acid digestion and ICP-AES analysis), (4) ALS analytical code Cu-AA62 (ore grade copper analysis using a four acid digestion and an AAS finish. 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 initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Contacts:
Explorator Resources Inc.David O'Connor
President
+(56) 978-780-0401
info@explorator.cawww.explorator.ca

Explorator Completed Private Placement and Appoints Walter Segsworth and Richard Colterjohn as Directors

Fri, 06 Nov 2009 15:05:00 CST

TORONTO, ONTARIO--(Marketwire - Nov. 6, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES

Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE:EXO) has completed its previously announced private placement (see press release dated October 26, 2009) through a non-brokered private placement offering of 11,000,000 units (the "Units") at a price of $0.40 per Unit for proceeds of $4,400,000. Each Unit consisted of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire a common share at an exercise price of $0.50 for until November 6, 2011. The Common Shares and Warrants are subject to a resale restriction that will expire on March 7, 2010. The proceeds of the offering will be used for the exploration and development of the Company's properties and for working capital purposes.

THE COMMON SHARES WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM U.S. REGISTRATION REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

The purchasers of the financing included affiliates of Glencoban Capital Management Inc., a private, resource focused equity investment fund, and Walter Segsworth. In addition, Sociedad Punta del Cobre S.A. ("SPC") acquired 2,000,000 Units. Prior to the Closing, SPC beneficially owned, or exercised control or direction over 12,067,796 Common Shares representing approximately 17.56% of the Common Shares of the Company. Following the Closing, SPC will beneficially own, or exercise control or direction over 16,067,796 Common Shares, representing approximately 19.66% of the Common Shares of the Company calculated on a partially diluted basis.

The Company is also pleased to announce the appointment of Walter Segsworth and Richard Colterjohn as directors of the Company.

Mr. Segsworth, a professional engineer, brings a lifetime of accomplishment as an operator and director in the mining sector. His operating roles have included being President and COO of Homestake Mining Company and President and CEO of Westmin Resources Ltd. He has served on a number of boards, including as Chairman of Centenario Copper Corporation, Cumberland Resources Ltd. and Plutonic Power Corporation.

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 Centenario Copper Corporation. His directorships have also included Cumberland Resources Ltd., Canico Resource Corp., Viceroy Exploration Ltd. and MAG Silver Corp. Previously, his career was focused as an investment banker, most recently as Managing Director and Head of the Mining Sector practice for UBS Bunting Warburg Ltd. in Canada.

The appointment of Mr. Segsworth and Mr. Colterjohn to the Board of Directors follows the resignation of Tony Wonnacott as a member of the Board of Directors and Corporate Secretary, however Mr. Wonnacott will continue as a consultant to the Company.

In addition, the Company has granted options to purchase 2,200,000 common shares of the Company at an exercise price of $0.40 and valid for a period of five years to directors, officers and consultants of the Company (with vesting consistent with the Company's Stock Option Plan), subject to regulatory approval.

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company with a 49% interest in the El Espino Copper-Gold Project in Chile (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of Santiago, 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 May 11, 2009) 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 $1.04/lb, net of gold credits (based on a gold price of $680/oz.) and also noted good potential for further resource expansion. Sociedad Punta del Cobre S.A. ("Pucobre") owns the remaining 51% of the Project and is responsible for funding the completion of a feasibility study, currently targeted for late 2010.

REGULATORY FOOTNOTE

The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

FOR FURTHER INFORMATION PLEASE CONTACT:
        Explorator Resources Inc.David O'Connor
        President
        +56-9787800401
        info@explorator.cawww.explorator.ca

Source: Explorator Resources Inc.

Explorator Announces Private Placement and Appointment of Walter Segsworth and Richard Colterjohn as Directors

Mon, 26 Oct 2009 07:00:00 CST

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES

Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE:EXO) is pleased to announce a non-brokered private placement offering (the "Offering") of $3,200,000 of gross proceeds based on the issuance of 8,000,000 units (the "Units") at a price of $0.40 per Unit. Each Unit would consist of one common share (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire a common share at an exercise price of $0.50 for a period of 24 months from the completion of the Offering, which is scheduled for November 6, 2009 (the "Closing"). Closing of the offering is subject to the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The Common Shares and Warrants will be subject to a resale restriction for a period of four months plus one day from Closing. The proceeds of the offering will be used for the exploration and development of the Company's properties and for working capital purposes.

The purchasers are affiliates of Glencoban Capital Management Inc. ("Glencoban"), a private, resource focused equity investment fund, and Walter Segsworth. The Company may increase the size of the Offering by up to 3,000,000 Units ($1,200,000) in order to accommodate certain additional investors.

The Company is also pleased to announce the appointment of Walter Segsworth and Richard Colterjohn as directors of the Company, effective upon the Closing. In connection with their appointment as directors, the Company shall grant each of Mr. Segsworth and Mr. Colterjohn options to purchase 500,000 common shares of the Company, with a term of 5 years, with pricing based on the closing price of the Company's Common Shares on the date of the Closing and with vesting consistent with the Company's current Stock Option Plan.

Mr. David O'Connor, President and CEO of Explorator commented: "I am absolutely delighted that Walter and Richard have agreed to join the board of the Company at a time where we, together with Pucobre, are rapidly advancing the El Espino project towards a development decision. Both individuals know Chile well from previous activities, including their leadership in the recent feasibility study evaluation and development of the Franke copper mine. In addition to his tremendous reputation as an operator, Walter also brings a strong background in governance in the Canadian markets, which will be invaluable as we continue to build the Company. Richard brings great depth in experience and relationships in financing the mining sector, which the Company will leverage as we start preparing for the financing of the potential development of El Espino".

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company with a 49% interest in the El Espino Copper-Gold Project in Chile (the "Project"). The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa, 240 km. north of Santiago, 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 May 11, 2009) 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 $1.04/lb, net of gold credits (based on a gold price of $680/oz.) and also noted good potential for further resource expansion. Sociedad Punta del Cobre S.A. ("Pucobre") owns the remaining 51% of the Project and is responsible for funding the completion of a feasibility study, currently targeted for late 2010.

REGULATORY FOOTNOTE

The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

FOR FURTHER INFORMATION PLEASE CONTACT:
        Explorator Resources Inc.David O'Connor
        President
        +56-9787800401
        info@explorator.cawww.explorator.ca

Source: Explorator Resources Inc.

Explorator Commences a 14,000 Meter Diamond Drilling Program at El Espino

Wed, 02 Sep 2009 08:52:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 09/02/09 -- Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE: EXO) is pleased to announce that Explorator SCM (the company in Chile that is owned 49% by Explorator and 51% by Sociedad Punta del Cobre S.A.) commenced a two-drill rig, 14,000 meter diamond drilling program in June 2009. The drilling program is a part of a series of studies currently being conducted at El Espino.

Initial drilling is focused at the Rachel and Chon Chon prospects. The latest NI 43-101 mineral resource estimate for El Espino part of the deposit, audited by Micon International Limited (see press release dated November 25, 2008) 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.

Results have been received from the first 10 drill holes in the current program.


Significant intersections are:

CHON CHON

-------------------------------------------------------------
HOLE         FROM      TO   INTERCEPT     Cu      Au
NO             (m)     (m)         (m)    (%)   (g/t)    Type
-------------------------------------------------------------

PXE 321      56.0    66.0          10   0.55    0.73    Oxide
             80.0    85.0           5   0.74    0.07    Oxide
            132.0   135.0           3   0.96    0.03  Sulfide

PXE 322     113.4   142.0        28.6   1.00    0.09    Oxide


RACHEL

-------------------------------------------------------------
HOLE       FROM      TO   INTERCEPT     Cu      Au
NO           (m)     (m)         (m)    (%)   (g/t)      Type
-------------------------------------------------------------

PXE 319    28.0    43.0          15   0.44    0.10      Oxide
           57.0    61.0           4   0.89    0.03    Sulfide

PXE 320    98.6   104.6           6   0.63    0.03      Oxide
          113.0   139.0           8   0.57    0.23      Mixed
          147.0   153.0           6   0.60    0.18    Sulfide

PXE 323    77.0    89.0          12   4.39    0.16      Oxide
           89.0   111.0          22   0.62    0.05      Oxide
          135.0   145.9        10.9   1.15    0.67    Sulfide
          195.0   199.0           4   0.97    1.18    Sulfide
          203.0   219.7        16.7   0.63    0.47    Sulfide

PXE 324    67.0    71.0           4   0.75    0.07      Oxide
           83.0   105.0          22   0.54    0.08    Sulfide

PXE 330    10.0    16.0           6   1.11    0.05      Oxide
           70.3   112.0        41.7   0.98    0.33    Sulfide
          130.0   162.0          32   0.66    0.10    Sulfide

PXE 331    19.0    58.0          39   1.07    0.07      Oxide
           58.0    62.0           4   0.79    0.05    Sulfide
           83.0   130.0          47   1.89    0.40    Sulfide
          146.0   161.0          15   0.63    0.18    Sulfide
          176.0   180.0           4   1.04    0.10    Sulfide
          186.0   189.0           3   1.56    0.14    Sulfide

PXE 332    78.0    84.0           6   0.68    0.16    Sulfide
          115.0   123.0           8   0.88    0.09    Sulfide
          134.0   161.0          27   0.69    0.12    Sulfide
          216.0   232.0          16   0.97    2.20    Sulfide

PXE 333      72      95          23   0.88    1.02    Sulfide

The two 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.

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 Micon International Limited 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.

The November 2008 mineral resource estimate was completed using the Kriging estimation methodology. The resource estimate was based on block modeling with a search ellipse for the indicated resource of 75 metres by 55 metres by 20 metres and the search ellipse for the inferred resource of 180 metres by 90 metres by 36 metres for the copper resources. For high grade gold a third search ellipse of 35 metres by 25 metres by 10 metres was used to limit the extent of the higher grade mineralization in the indicated resource category. The resource estimate was based on using the grade from 6969 - 2 metre composites in 268 drill holes.

The November 2008 El Espino-Venus mineral resource estimate was audited by "Qualified Person" William Lewis, P. Geo. of Micon International Limited.

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company focused on advancing its El Espino Copper-Gold Project in Chile. The Company is currently completing a scoping study on the Project. The Project lies within the prolific copper-gold mineral area of the Cordillera de la Costa and is central to an important cluster of "Candelaria-style" copper-gold deposits. It is located 3.5 hours drive north of Santiago. The El Espino project block covers 75 square kilometres and is host to major gold and copper mineralized structures on which nine small operating mines have been developed.

REGULATORY FOOTNOTE

Mr. Michael Schuler, 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 ALS Chemex of La Serena in Chile; ALS Chemex 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 ALS Chemex laboratory in La Serena sample by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ALS Analytical Code Au-ICP22 (Au 50g fire assay with ICP-AES finish), (2) ALS analytical code Au-GRA22 (Au 50g fire assay with a gravity finish), (3) ALS analytical code ME-ICP61 (33 element analysis using a four acid digestion and ICP-AES analysis), (4) ALS analytical code Cu-AA62 (ore grade copper analysis using a four acid digestion and an AAS finish. 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 initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Contacts:
Explorator Resources Inc.David O'Connor
President
+56-9787800401
Email: info@explorator.ca
Website: www.explorator.ca

Explorator Completes Private Placement Offering

Tue, 19 May 2009 16:05:00 CST

TORONTO, ONTARIO--(Marketwire - May 19, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Explorator Resources Inc. ("Explorator" or the "Company")(TSX VENTURE:EXO) is pleased to announce that it has completed its previously announced non-brokered private placement offering through the issuance of 1,778,625 common shares at $0.50 per common share for gross proceeds of $889,312.50. The common shares will be subject to a resale restriction that will expire on September 20, 2009. The proceeds of the offering will be used for the exploration and development of the Company's properties and for working capital purposes.

About Explorator Resources

REGULATORY FOOTNOTE

Mr. Michael Schuler, Explorator's Vice President, Exploration is the "Qualified Person" as defined under National Instrument 43-101 and is responsible for the scientific and technical work on Explorator's exploration program and is responsible for reviewing the technical disclosure in this news release. All analytical work has been completed by ALS Chemex of La Serena in Chile; ALS Chemex is a respected international analytical service which is accredited with NATA and complies with standards of ISO 9001:2000 and ISO17025:1999. It employs a variety of international standards for quality control purposes. Samples are transported from the project to the ALS Chemex laboratory in La Serena sample by Company personnel or a reputable commercial carrier. All analytical testing is performed utilizing a variety of industry standard analytical techniques, including: (1) ALS Analytical Code Au-ICP22 (Au 50g fire assay with ICP-AES finish), (2) ALS analytical code Au-GRA22 (Au 50g fire assay with a gravity finish), (3) ALS analytical code ME-ICP61 (33 element analysis using a four acid digestion and ICP-AES analysis), and (4) ALS analytical code Cu-AA62 (ore grade copper analysis using a four acid digestion and an AAS finish. 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 initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and includes, 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. These statements are based on management's current expectations and beliefs and 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 public forward-looking information, whether as a result of new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Explorator Resources Inc.David O'Connor
        President
        +56-9787800401
        info@explorator.cawww.explorator.ca

Source: Explorator Resources Inc.

Explorator Resources Completes Preliminary Assessment on Its El Espino Copper-Gold Project in Chile

Mon, 11 May 2009 08:30:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 05/11/09 -- Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE: EXO) is pleased to announce that it has received the preliminary assessment ('scoping study') on the El Espino Project in Chile. The study was completed by AMEC, an international engineering consulting firm with extensive experience in geology, resource evaluation, mining, mineral processing, infrastructure, environment, cost estimation and financial analysis of mining projects worldwide. The study utilized reports by other specialized consultants including the resource estimate prepared by Micon International Limited ("Micon") and announced in November 2008 and metallurgical testwork completed by SGS Lakefield.

Highlights of the Scoping Study include:

- A pre-tax Net Present Value ("NPV") at an 8% discount rate of US$35 million at a base case life of mine copper price of US$1.80/lb and a gold price of US$680/oz.

- At a copper price of $2.00/lb, the pre-tax NPV rises to US$169 million.

- Average annual production of 77 million pounds of copper and 40,000 ounces of gold over a mine life of 19 years, including 165,000 ounces of gold scheduled for the first year.

- Significant potential to increase resource tonnage and grade.

- Average direct costs, inclusive of gold by-product credits, of US$18/t processed or US$1.40/ pound of copper.

- An estimated capital expenditure of US$434 million including a contingency of US$87 million.

David O'Connor, President and CEO, said "The main objectives of the scoping study were to: (1) provide a preliminary evaluation of the financial merits of the El Espino project; (2) determine the work required to advance the project to feasibility stage; and (3) to identify opportunities to enhance the economic value of the project. All objectives were met and we plan to take advantage of the opportunities identified to improve the value of the project. We are particularly excited about the potential to increase the copper-gold grade of the resources as the study indicates that a 10% increase in overall grade will increase the NPV by over US$100 million. Several of the higher grade zones within the identified resources are open along strike and at depth and have excellent potential to be expanded. Future exploration will focus on these higher grade, nearsurface zones which could have a dramatic positive impact on project economics."

The study envisages that the resources at El Espino will be mined by open-pit at a rate of 17,500 t.p.d. (6.4 Mt/a), with total production of 1.467 billion recoverable pounds of copper and 755,000 recoverable ounces of gold over a 19 year mine life. A significant amount of gold (165,000 ounces) is scheduled for production in the first year of operations, relying on very high grades found close to the surface. However, these resources have a marked nugget effect and continuity of the high grade zones is uncertain. Whereas the resource estimate has taken this into account by reducing the search ellipse parameters used and by capping the high grade gold values to 30 g/t, Explorator will increase the confidence in the location and grade of this material with more detailed drilling.

AMEC has developed an ultimate pit using Whittle software and a scoping level production plan that separates sulphide, oxide and high grade gold production and achieves a stripping ratio of 5.6:1 (W/O). Under these assumptions, the extracted portion of the Indicated and Inferred Mineral Resource estimated by Micon and announced in November, 2008, is approximately 17.4 Mt at 0.65% TCu and 0.22 g/t Au, and 96.4 Mt at 0.69% TCu and 0.29 g/t Au, respectively.

Metallurgical testing carried out by Lakefield and CIMM Laboratories has shown that the most profitable mineral processing procedure will be to recover the oxide mineralization in the flotation circuit. This will allow substantial recovery of the significant gold associated with the copper as well as reducing capital costs considerably by eliminating the need for a separate SXEW circuit.


                            DESIGN RECOVERIES

MINERALIZATION TYPE               COPPER RECOVERY (%)            GOLD
RECOVERY (%)

SULPHIDE                                        94.9         50 to 92
OXIDE                                             46               68
HIGH GRADE GOLD                                   46               83

For gold in the sulphides, AMEC used the following recovery function as the metallurgical data showed that the gold recoveries increase with grade:

Gold recovery from sulphide mineralization equals 115.31 x Au + 46.464 (maximum 96%).

Based on iron analyses completed by ALS Laboratories and logging of iron oxide minerals, AMEC state that there is also an opportunity to recover iron from the property. Magnetite and hematite could be recovered from the tailings, and this warrants additional metallurgical studies.

Explorator contracted Gestion Ambiental Consultores (GAC) who completed an environmental baseline study on the El Espino property which was used by AMEC to develop preliminary environmental and social mitigation costs associated with the development of a mine at El Espino.

AMEC has developed a preliminary development schedule in which project study and construction will take three and a half years and the first concentrate would be shipped in the second half of 2012.

The results of the scoping study, summarised in the form required by NI 43-101, will be posted on SEDAR.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured minerals resource category. The preliminary assessment is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is not certainty that the preliminary assessment will be realized.

The mineral resource estimate was completed using the Kriging estimation methodology. The resource estimate was based on block modeling with a search ellipse for the indicated resource of 75 metres by 55 metres by 20 metres and the search ellipse for the inferred resource of 180 metres by 90 metres by 36 metres for the copper resources. For high grade gold a third search ellipse of 35 metres by 25 metres by 10 metres was used to limit the extent of the higher grade mineralization in the indicated resource category. The resource estimate was based on using the grade from 6969 - 2 metre composites in 268 drill holes.

The Preliminary Assessment was prepared under the supervision of Mr. Emmanuel Henry (MAusIMM (CP)) of AMEC, who is a qualified person (QP) within the meaning of NI 43- 101. Mr. Henry has reviewed and approved the contents of this press release.

About Explorator Resources

Explorator Resources is a Canadian-based mining exploration company focused on advancing its El Espino Copper-Gold Project in Chile. The Company is currently completing a scoping study on the Project. The Project lies within the prolific coppergold mineral area of the Cordillera de la Costa and is central to an important cluster of "Candelaria-style" copper-gold deposits. It is located 3.5 hours drive north of Santiago. The El Espino project block covers 75 square kilometres and is host to major gold and copper mineralized structures on which nine small operating mines have been developed.

REGULATORY FOOTNOTE

The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and includes, 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. These statements are based on management's current expectations and beliefs and 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 public forward-looking information, whether as a result of new information, future events or otherwise.

Contacts:
Explorator Resources Inc.David O'Connor
President
56 978780401
Email: info@explorator.ca
Website: www.explorator.ca

Explorator Announces Private Placement Offering

Wed, 29 Apr 2009 17:05:00 CST

TORONTO, ONTARIO--(Marketwire - April 29, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES

Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE:EXO) is pleased to announce a non-brokered private placement offering of up to $900,000 of gross proceeds based on the issuance of up to 1,800,000 common shares at a price of $0.50 per common share. Closing of the offering is subject to the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The common shares will be subject to a resale restriction for a period of four months plus one day from closing (expected in early May). The proceeds of the offering will be used for the exploration and development of the Company's properties and for working capital purposes.

About Explorator Resources

REGULATORY FOOTNOTE

The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and includes, 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. These statements are based on management's current expectations and beliefs and 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 public forward-looking information, whether as a result of new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Explorator Resources Inc.David O'Connor
        President
        +56-9787800401
        info@explorator.cawww.explorator.ca

Source: Explorator Resources Inc.

Explorator Chile Completes Acquisition of 100% Interest in the El Espino Copper-Gold Project

Thu, 26 Mar 2009 16:58:00 CST

TORONTO, ONTARIO -- (MARKET WIRE) -- 03/26/09 -- Explorator Resources Inc. ("Explorator" or the "Company") (TSX VENTURE: EXO) is pleased to announce that Explorator Resources Chile S.A. ("Explorator Chile") has completed the last condition, having made a US$7 million cash payment, and now holds a 100% interest in the El Espino Copper-Gold Project in Chile. The payment by Explorator Chile, follows the receipt of the initial payment of US$10 million from Sociedad Punta del Cobre S.A. ("SPC") the 51% shareholder of Explorator Chile, being part of payments due totaling up to US$18.5 million; US$10 million of which has been received; US$7 million of which will be paid to Explorator Chile on or before September 20, 2010, and US$1.5 million in the event and to the extent such amount is required to complete a bank feasibility study of the Company`s properties (for further details of the deal with SPC see the press releases dated January 20, 2009 and March 20, 2009).

"We are very happy that Explorator Chile now holds a 100% interest in the El Espino project, as well as having El Espino's development financed to the feasibility stage by SPC, which we regard as a very efficient Chilean copper mining company." stated David O'Connor, President and CEO of Explorator. "Under the terms of the agreement with SPC, the Company will not need to meet any costs on El Espino until 2011, at which point the project is very likely to have a bankable feasibility study demonstrating a very robust NPV. El Espino is now a solid cornerstone for our company."

In addition, the Company has received the resignation of Shaun Browne from the Board of Directors. The Company would like to thank Mr. Browne for his contribution and his time served on the Board of Directors.

About Explorator Resources

REGULATORY FOOTNOTE

The Company has initiated a QA/QC program consisting of utilizing standards, duplicate and blank samples and laboratory cross-checks and routinely repeats sample analysis.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and includes, 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. These statements are based on management's current expectations and beliefs and 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 public forward-looking information, whether as a result of new information, future events or otherwise.

Contacts:
Explorator Resources Inc.David O'Connor
President
591 720 46153
Email: info@explorator.ca
Website: www.explorator.ca