Mr. Gary Schellenberg of Explorex reports

EXPLOREX EARNS INTO SILVER DOLLAR PROJECT, BC

Explorex Resources Inc. has now fulfilled all of its obligations under the May 15, 2016, option agreement with Happy Creek Minerals Ltd. to purchase a 100-per-cent interest in Happy Creek's Silver Dollar project, located approximately 45 kilometres southeast of Revelstoke, B.C.

Happy Creek will retain a 1-per-cent NSR (net smelter royalty) on the project.

The Silver Dollar project is 3,344.68 hectares (31.6 square kilometres) in area, and it is situated within the historical Camborne mining camp dating from around the early 1900s. A number of mineral showings and past-producing gold-silver-lead-zinc and gold-silver prospects are in spatial proximity to the Camborne fault and occur over a distance of approximately 12 kilometres.

In 1984, a drill hole on the Silver Dollar zone returned 2.10 metres grading 229.0 grams per tonne silver, 0.96 g/t gold, 10.95 per cent zinc, 4.04 per cent lead and 0.29 per cent copper. Initial due diligence by Happy Creek Minerals in 2012 returned grab sample results containing 50.30 g/t gold, 216 g/t silver, 4.49 g/t gold and 4,496 g/t silver from the Silver Dollar zone. Important base metal results include a 1.8-metre chip sample across the Silver Dollar vein, returning 16.8 per cent zinc, 3.92 per cent lead, 1.67 g/t gold and 241.0 g/t silver. These results have largely confirmed those found in historical reports.

For additional details on the Silver Dollar project, refer to the company news release dated Feb. 7, 2018, and visit the company's website.

The technical elements of this press release have been approved by Richard Kemp, PGeo, a qualified person as that term is defined under National Instrument 43-101.

About Explorex Resources Inc.

Explorex is an exploration company focusing on cobalt and metals critical to rechargeable battery technology with the support of a strong strategic partner and end-user. Explorex has an expanding portfolio of multistage projects, including a letter of intent to acquire the Hautalampi cobalt-copper-nickel deposit in Finland, an option agreement to earn a 75-per-cent interest in the Kagoot Brook cobalt target in New Brunswick, an option agreement to acquire 100 per cent in the Cobalt-Paragon project located within the cobalt embayment region of Northeastern Ontario and a 100-per-cent interest in the early-stage Handlebar Co-Cu-Ni project northeast of Kamloops, B.C. The company also owns 100 per cent of the Silver Dollar project.

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