RXE RX Gold And Silver

RX EXPLORATION INC. ("RXE" or the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF)
announced today that it has been advised by Sprott Asset Management LP that
Sprott supports the RXE nominees and is in the process of voting the BLUE proxy
FOR RXE's slate of mining and corporate executives.


The RXE nominees believe that Sprott is the largest single RXE shareholder,
exercising voting discretion over approximately 7.8% of the Company's issued and
outstanding shares.


"Sprott is one of many shareholders who have told us in recent days that they
are switching their vote away from the dissidents and toward RXE's slate," said
John O'Donnell, Chairman of RXE. "We thank Sprott and all shareholders who have
moved decisively to revoke their previously voted proxies and have voted BLUE,
or have expressed their intention to do so. While we are now developing
momentum, the contested election is far from over and we need the votes of all
RXE shareholders to carry the day and prevent the dissidents from seizing
control."


Voting Instructions 

RXE recommends that shareholders vote only the BLUE proxy FOR the RXE nominees
as the primary step towards real value creation. A completed BLUE proxy will
replace any previously voted proxy - dissident or the original Management proxy
mailed in May.


In order to be counted at the Annual and Special Meeting of Shareholders, the
BLUE proxy should be voted well in advance of the proxy voting deadline of July
4, 2011 at 4:30 p.m. (Toronto time). Please do not attempt to mail your proxy
unless you have no other alternative. Shareholders who require assistance voting
the BLUE proxy should please contact Laurel Hill Advisory Group at
1-877-304-0211 or by e-mail at assistance@laurelhill.com. 


The vote will take place at the adjourned Annual and Special Meeting of
Shareholders on July 6, 2011 at 4:30 p.m. (Toronto time) at the Ontario Bar
Association Conference Centre, Salon 3, 20 Toronto Street, Toronto, Ontario M5C
2B8.


About Sprott Asset Management LP 

Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott
Inc. (www.sprottinc.com), is a Toronto-based fund company dedicated to achieving
superior returns for its investors over time. Sprott Asset Management LP manages
assets primarily for institutions, endowments and high net worth individuals and
is the investment manager of the Sprott Mutual Funds.


About RX Exploration Inc.

RX Exploration Inc. is a gold exploration company whose strategy is to
re-examine gold and silver projects within North America that have previously
reached advanced exploration, underground development or past gold or silver
production. The Company is currently focused on re-starting production from its
Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal
underground gold and silver mine in Montana.


The Company's shares are listed on TSX-V (Symbol: RXE) and on the OTCQX (Symbol:
RXEXF). There are 160,438,980 common shares issued and outstanding.


Cautionary Statement Regarding Forward Looking Information

This press release contains "forward-looking information" within the meaning of
applicable securities laws. Forward-looking information includes, but is not
limited to, the Company's expectations, intentions, plans and beliefs with
respect to, among other things, the Drumlummon property. Often, but not always,
forward-looking information can be identified by forward-looking words such as
"anticipate", "believe", "expect", "goal", "plan", "intend", "estimate", "may"
and "will" or similar words suggesting future outcomes, or other expectations,
beliefs, plans, objectives, assumptions, intentions or statements about future
events or performance. Forward-looking information is based on the opinions and
estimates of the Company as of the date such information is provided and is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including the ability to develop and operate the
Drumlummon property, risks associated with the mining industry such as economic
factors (including future commodity prices, currency fluctuations and energy
prices), failure of plant, equipment, processes and transportation services to
operate as anticipated, environmental risks, government regulation, actual
results of current exploration activities, possible variations in ore grade or
recovery rates, permitting timelines, capital expenditures, reclamation
activities, social and political developments and other risks of the mining
industry. Although RXE has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Readers should be aware that this
forward-looking information is subject to known and unknown risks, uncertainties
and other factors that could cause actual results to differ materially from
those suggested by such information and are cautioned not to place undue
reliance on such information. By its nature, forward-looking information
involves numerous assumptions, inherent risks and uncertainties, both general
and specific, that contribute to the possibility that the predictions,
forecasts, projections and various future events will not occur. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking information whether as a result of new information, future
events or other such factors which affect this information, except as required
by law.


On Behalf of the Board

John F. O'Donnell, Chairman of the Board

John A. Ryan, Chief Financial Officer

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