RXE RX Gold And Silver

RX Exploration Inc. (the "Company") (TSX VENTURE:RXE)(OTCQX:RXEXF) announced
today that it completed its previously announced non-brokered private placement
of 5,000,000 units at a price of $0.456 per unit for gross proceeds of
$2,280,000. Each unit is comprised of one common share and one common share
purchase warrant. Each warrant entitles the holder thereof to purchase one
additional common share at a price of $0.60 for a two year period beginning on
the date that the units were issued.


All of the units issued to subscribers pursuant to the private placement,
including the common shares and the warrants underlying such units (and the
common shares issuable upon the exercise of such warrants), are subject to a
four-month hold period expiring November 21, 2011. 


The Company intends to use the proceeds of the private placement to advance its
business plan, to pay the costs of its recent proxy fight and for general
corporate purposes.


Further details regarding the private placement are discussed in the Company's
amendment to its management information circular dated June 12, 2011, a copy of
which has been filed on SEDAR.


About RX Exploration Inc. 

RX Exploration is currently focused on re-starting production and exploring 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 the TSX-V (Symbol: RXE) and on the OTCQX
(Symbol: RXEXF). There are 165,858,390 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

Darren Blasutti, President and CEO

RX Gold And Silver (TSXV:RXE)
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