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Explor closes a first tranche of a maximum of $1 million private placement in flow-through shares

ROUYN-NORANDA, QUEBEC–(Marketwired – March 31, 2017) – Explor Resources Inc. (TSX VENTURE:EXS) (OTCQB: EXSFF) (FRANFURT:E1H1) (BERLIN:E1H1) (“Explor” or the Corporation) announces the closing of a first tranche of a non-brokered private placement of a maximum of 11,764,705 flow-through common shares at a price of $0.085 each, for total gross proceeds of up to CDN $1,000,000 (the “Private Placement“). The first tranche of the Private Placement closed on March 30, 2017 consists in the sale of 5,294,000 flow-through shares for an aggregate subscription of $449,990.