Osisko Mining Corporation

Chris Dupont & his team have completed preparations for the annual Canadian Mining Exposition being held May 31st to June 1st, in Timmins, Ontario, Canada. This gathering of Mining related companies has become a very important event, and from Explor Resources perspective, second only marginally, to the PDAC, held in Toronto.

The long-awaited geophysics report at East Bay should be in Dupont's hands by the end of this week, or the beginning of the next. I believe we will see drilling commence on that property, prior to programs initiated on the others mentioned.

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) ("Yamana"), Agnico Eagle Mines Limited (NYSE:AEM)(TSE:AEM) ("Agnico Eagle") and Osisko Mining Corporation (TSE:OSK)(FRANKFURT:EWX) ("Osisko") are pleased to announce that they have entered into an agreement ("the Agreement") pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osisko's issued and outstanding common shares for a total consideration of approximately C$3.9 billion or C$8.15 per share.