(Source: MARKETWIRE)RX Exploration Inc. (the "Company") (CNSX: RXE) is pleased to announce that on June 30, 2009, the Company completed private placements totaling $1,679,700 consisting of a non-brokered private placement of 5,143,500 units and a brokered private placement of 3,255,000 units through IBK Capital Corp. Each unit consisted of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share for two years at $0.40 per share (the expiry date shall be accelerated to thirty days from the tenth consecutive trading day on which the common shares of the Company close at or above $0.60). The securities issued are subject to a four month hold period. Cash commissions in the amount of $58,590 (9%) were paid and 325,500 (10%) broker's warrants were issued in connection with the brokered portion of the offerings resulting in total net proceeds to the Company in the amount of $1,621,110 which will be used primarily for general administrative expenses and working capital. The broker's warrants are exercisable at $0.20 per share for a two year period. The Company previously completed on April 24, 2009 a tranche of financing through IBK Capital Corp. of 1,225,000 units on the same terms as aforesaid resulting in net proceeds of $219,735.24 which was used for exploration and development at the Drumlummon Mine in Marysville, Montana.

The Company is considering the driving of a new decline to give access to the Charly Vein, discovered by the company in 2008 where it calculated initial inferred resources of 155,518 tons containing 70,703 ounces of gold and 1,915,560 ounces of silver as reported in its news release dated November 25, 2008. The proposed portal will be collared on surface at mine level 465 and initially driven 2000 feet to the 600 level. As part of the design and planning functions for the decline, a pilot hole was cored along the approximate path of the decline. This pilot hole encountered what is believed to be the northern extension of the Drumlummon Vein, approximately 400 feet north of any known previous stoping. The vein appears similar to the Drumlummon as exposed in areas previously mined. Further down the hole, a second vein, believed to be the Empire was also intersected.