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Plexmar Resources Inc.: Clarifications

23.06.2010  |  Marketwire

QUEBEC CITY, QUEBEC -- (Marketwire) -- 06/22/10 -- Plexmar Resources Inc. (TSX VENTURE: PLE) wishes to rectify information published on the Internet by Radio Cutivalu (Piura-Peru) on June 6th 2010 regarding the press release issued on June 3rd 2010 on the contractual agreement reached with Minera Trece Barras SAC for the Bolsa del Diablo project;



1. Plexmar has not signed a merger agreement or any kind of association
agreement with Trece Barras. Trece Barras is a private company funded by
Peruvian capital.
2. Also, Plexmar has not signed any type of services contract with Trece
Barras
3. Plexmar wishes to inform the international public opinion that any type
of Mining Contracts signed by Plexmar must be done and executed
according to the legal system of the country where the concessions are
located. It is not a requirement of Plexmar but rather one from the
General Mining Law of Peru that Trece Barras have to fulfill their legal
obligations before exploring and producing from the property.
4. Plexmar clarifies that, as a public Company, it is obligated to strictly
follow the legal norms for any type of business transactions done in
Peru. As a result, it cannot enter into a transaction with natural
and/or legal entity that do not have the requirements imposed by the
General Mining Law, as is the case with the local artisanal miners
located in the Department of Piura.


172 M shares outstanding


This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Plexmar Resources Inc.

Guy Bedard

President

418-658-6776 ext.107


Paradox Public Relations

866-460-0408

514-341-0408



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