Objective Capital's Precious Metals, Diamonds & Gemstones Investment Summit 2011 Ironmongers' Hall, City of London 6 April 2011 Speaker: Murray Nye, RX Exploration

1. PRECIOUS METALS,
DIAMONDS & GEMSTONES
INVESTMENT SUMMIT
Re-opening a famous Montana gold mine
Murray Nye – CEO, RX Exploration
IRONMONGERS’ HALL, CITY OF LONDON ● WEDNESDAY, 6 APR 2011
www.ObjectiveCapitalConferences.com

2. April 2011

3. Safe Harbour
The following presentation may include certain “forward-looking statements” within the meaning of the United States
Private Litigation Reform Act of 1995 and applicable Canadian Securities Laws. All statements, other than statements of
historical fact, included in the presentation, including, without limitation, statements regarding potential mineralization
and reserves, exploration results, and future plans and objectives of RX Exploration Inc., are forward-looking statements.
Words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe” and other similar expressions
are forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but
rather reflect our current views with respect to future events and are subject to risks, uncertainties, assumptions and
other factors, and actual results and future events could differ materially from those anticipated in such statements. There
can be no assurance that such forward-looking statements will prove to be accurate.
Some of the important factors that could cause actual results to differ materially from our expectations are disclosed
under the heading “Risk Factors” and elsewhere in documents filed from time to time with the Canadian provincial
securities regulators. We base our forward-looking statements on information currently available to us and we do not
assume any obligation to update them, except as required by law.
An additional Cautionary Note to Investors – In the event that we use certain terms in this presentation, such as
“resource”, “measured resource”, “indicated resource” and “inferred resource”. U.S investors are cautioned that, while
such terms are recognized and required by Canadian Securities Laws, the United States Securities and Exchange
Commission does not recognize them. Under U.S. standards, mineralization may not be classified as a “reserve” unless
the determination has been made that the mineralization could be economically and legally produced or extracted at the
time the reserve determination has been made. U.S. investors should not assume that all or any part of measured or
indicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount of
uncertainty as to their existence and as to whether they can be mined legally or economically. Accordingly, information
concerning descriptions of mineralization in this presentation may not be comparable to information made public by
companies that are subject to the SEC’s Industry Guide 7.
3

4. The RX Exploration Team
Management
CEO: Murray Nye – Co-founder, director, principal of Venbanc, Inc., an investment and merchant
bank specializing in the structuring and financing of start-up companies; provides follow-up
financial and management advisory assistance. Murray has extensive experience in financing many
start-up natural resource companies.
CFO: Max Polinsky, B.Comm (Hons.) – Co-founder, director and principal of Venbanc, Inc. In
addition to many years in the merchant bank industry Max has extensive operational experience
running a national company with offices across the country
Vice President of Mining Operations: Mike Gunsinger – Mike has over 40 years experience in
mine development and production in North America. He has extensive experience in Montana
and Utah. Mike also established his own underground mining contracting company which has
been active in Canada and USA.
Consulting Mine Geologist: Ben Porterfield - Ben leads a team of geologists at the
Drumlummon mine. He was formerly a geologist for Kennecott, focused on their Terra gold
project in Alaska.
Vice President of Operations: L. Joseph Bardswich, P.Eng. – Joe is a graduate of the University
of Windsor (B.A.Sc.,Civil Engineering) and received his Masters Degree (M.Eng. Mining) from McGill
University. His career has ranged from contract miner, through production supervision, mining
engineering, heavy civil engineering and mine management in both underground, open pit and
alluvial operations in Canada, the United States, Europe and Africa. Joe a registered Professional
Engineer in the Province of Ontario, a member of the Society of Mining Engineers, and a life
member of the Canadian Institute of Mining and Metallurgy (CIM). He is a “Qualified Person”
as defined in NI-43-101.
4

5. The RX Exploration Team
Board of Directors
John O’Donnell (B.A. Econ, L.L.B.) Chairman
Murray Nye Chief Executive Officer
Max Polinsky Chief Financial Officer
John Ryan (CGA) President, Spruce Ridge Resources
Edward Ellwood (MBA) Management Consultant
Paul Teodorovici Property Management Consultant
5

6. Share Capital
Exchange Listings TSX-V: RXE
OTCQX: RXEXF
Recent share price1 CAD $0.50
52 week low–high CAD $0.28–$0.79
159.9 million – basic
Shares outstanding
187 million – fully diluted
Market capitalization CAD $79.95 million
Share ownership RX Management (~10%);
Spruce Ridge Resources (~5%)
Funds (December 2010) Sprott Asset Management (8%)
1 As of April 1, 2011
6

7. RX Exploration: Why Invest?
– Produced 4,277 ounces of gold
and 76,492 ounces of silver in
2010
– Forecast production of 32,000
ounces gold equivalent in 2011
– High grade gold and silver with
average grade .42 ounces (14
grams) per ton gold equivalent
– Underground drill program and
mine development underway
– Aggressive 70,000 foot drilling
program in 2011 to expand NI-
43-101 resource by Q3 and
define multiple veins
– One of largest past gold
producers in the western USA
7

8. High Grade Gold and Silver Producer
– No debt, no gold or silver hedge
– High-grade gold and silver production from the Drumlummon Mine in Marysville, Montana USA
(100% owned).
– Historical data infers that silver to gold ratio runs 15 : 1
– May 2010 test mining and milling commenced. Produced 4,277 ounces gold and 76,492 ounces
of silver in 2010.
– Expected production in 2011 of 32,000 ounces of gold equivalent with an expected grade of .42
ounces per ton.
– Fully permitted 1,000 ton per day leased mill located in Philipsburg, Montana
– Goal is to increase production to 500 tons per day mine and mill rate
– Aggressive exploration drill program has identified multiple gold and silver veins on the property.
– Current NI-43-101 resource of 70,703 ounces Au and 1,915,560 ounces Ag (September 2009).
• NI 43-101 resource: 155,518 tonnes grading 15.6 grams per tonne Au, and 422 grams per tonne silver
8

9. Location of Mine and Mill
Marysville, Montana is located 25 miles North-West of Helena, Montana’s capital city.
Contact Mill, Philipsburg, 114 miles by road southwest from Marysville
Drumlummon Mine
Helena
USA
Philipsburg Mill
- Year round access by paved roads
- Grid power at mine and mill
- $15 million spent in past two years opening mine. 9

10. History of the Drumlummon Mine
Price of gold
in USD
1400 1876: Drumlummon deposit discovered by Thomas Cruse.
1883 - 1910: Montana Co. (Rothschilds) puts mine into production with two shafts and 25 miles
1200 of drifts down to 1,600 foot level. Loses claim dispute in 1901 and floods mine.
1910: U.S. Supreme Court rules against the Rothschilds. Production ceases after
producing 1.1 million ounces of gold and 10 million ounces of silver
1000 1910 - 1929: St Louis Company achieves minor production.
1941 - 1951: Montana Rainbow Co. restarts production in 1946. Mill burns down.
800 2007: RX consolidates all land claims, initiates surface drilling, completes NI-43-101
report. Begins underground rehabilitation of old workings on 400 foot level.
600 2008: Charly Vein system discovered
2010: RX reopens the mine
400
200
0
1884
1889
1894
1899
1904
1909
1914
1919
1924
1929
1934
1939
1944
1949
1954
1959
1964
1969
1974
1979
1984
1989
1994
1999
2004
2009
10

11. Drumlummon: Property Map
The property consists of 48 patented mining claims and 132 staked claims totaling
2,680 acres. Only 5% of the property has been explored.
Marysville, MT
Drumlummon
Mine
N
Bald Butte
Mine
Patented Ground
Staked Claims
1 km
11

12. Drumlummon: Known Veins
Empire Vein
Frankie Vein
400 Level Adit
N
North Star Vein Castletown Vein
D Block Charly Vein
Xmas Vein
Drumlummon Vein
St Louis Vein
9-hr Workings
500 metres

13. Development Progress 2009 - 2010
March 2009 Water discharge permit granted by Montana DEQ,
completing necessary permits to restart mining
operations.
December 2009 Water treatment plant commissioned. Dewatering of mine
begins.
April 2010 Ramp accesses Charly vein system.
Samples include 2.3 metres of 107.2 grams per tonne gold and
1,904 grams per tonne silver
September 2010 Completed 60,472 feet of drilling and two hanging wall
drill stations
December 2010 Production through test mining and milling produced
4,277 ounces of gold and 76,492 ounces of silver
13

14. Development Progress (cont.)
Water pump/treatment plant dewatering mine. Has currently dewatered to
600 foot level with a plan to dewater to 800 foot level.
Currently working on new 2,485 foot Drumlummon decline to access 610
foot level. Anticipated completion March 2011. New decline will provide
secondary escape way and ventilation for the mine.
Charly Vein
14

15. New Decline
– The new 2,485 foot Drumlummon decline will provide access to the
610 foot level
– Drill stations are planned approx. every 400 feet in the hanging wall
– Decline will provide secondary escape way and ventilation for the
mine
– Estimated decline capacity is 1,500 tons per day
– Budgeted cost of $4,000,000
15

16. New Decline
16

17. Longitundinal Map
17

18. Exploration Drill Program
– Two underground drills to be used on a full time basis with
expectation of approx. 70,000 feet of drilling
– Budgeted cost of $1,750,000
– Purpose of Drill Program:
– Continue drilling most promising targets: the Charly vein,
Christmas vein, Drumlummon vein, Empire vein, Frankie vein,
North Star vein, Castletown vein and New Castletown vein
– To identify further ore headings and work within the
significant potential of discovering unknown vein systems
– Expand NI-43-101 resource calculation
18

19. Exploration Drill Program
19

20. Exploration – Underground Drilling
Plan View 800 Level
N
450’ level
Drill Station #9
Proposed Drill Holes
800’ level
Company has several planned drill holes from drill
station #9 20

21. Selected Drill Results to Date
Drill Hole From To Width Gold Silver
Charly Vein Extension
DDH 11-235 238 ft 242 ft 4.0 ft .72 opt 56.68 opt
72.6 m 73.8 m 1.2 m 24.6 g/t 1,943 g/t
And 284 ft 288 ft 4.0 ft 2.41 opt 73.55 opt
86.6 m 87.8 m 1.2 m 84.0 g/t 2,522 g/t
DDH 11-238 294 ft 298 ft 4.0 ft .58 opt .55 opt
89.7 m 90.9 m 1.2 m 19.9 g/t 18.8 g/t
DDH 11-223 202 ft 222 ft 20.0 ft .33 opt .62 opt
61.6 m 67.7 m 6.1 m 11.4 g/t 21.3 g/t
21

22. Selected Drill Results to Date
Drill Hole From To Width Gold Silver
Xmas Vein
DDH 11-250 360 ft 390 ft 30.0 ft .34 opt .57 opt
109.8 m 118.9 m 9.1 m 11.7 g/t 19.9 g/t
Including 372 ft 378 ft 6.0 ft 1.09 opt .88 opt
113.4 m 115.3 m 1.9 m 37.5 g/t 30.3 g/t
DDH 11-251 372 ft 392 ft 20.0 ft .38 opt 1.05 opt
113.4 m 119.5 m 6.1 m 13.0 g/t 36.0 g/t
Including 374 ft 380 ft 6.0 ft .92 opt 2.35 opt
114.1 m 115.9 m 1.8 m 31.8 g/t 80.5 g/t
22

23. Selected Drill Results
Drill Hole From To Width Gold Silver
D Block
DDH 11-249 70 ft 104 ft 34 ft .22 opt 1.53opt
21.3 m 31.6 m 10.3 m 7.58 g/t 52.46 g/t
DDH 11-281 84 ft 100 ft 16.0 ft 1.95opt 18.22 opt
25.5 m 30.4 m 4.8 m 67.17 g/t 624.69 g/t
Including 84 ft 86 ft 2.0 ft 14.72 opt 127.46 opt
25.5 m 26.1 m .61 m 504.82 g/t 4370.06 g/t
23

24. Selected Drill Results
Drill Hole From To Width Gold Silver
D Block South
DDH 11-298 104 ft 140 ft 36ft .32 opt 1.71 opt
31.6 m 42.5 m 10.9 m 11.04 g/t 58.63 g/t
Including 116 ft 122 ft 6 ft 1.25 opt 14.43 opt
35.2 m 37.0 m 1.8 m 43.03 g/t 494.74 g/t
DDH 11-308 80 ft 84 ft 4 ft 2.78 opt 15.38 opt
24.3 m 25.5 m 1.2 m 95.62 g/t 527.31 g/t
DDH 11-311 106 ft 136 ft 30 ft .26 opt 1.3 opt
32.2 m 41.3 m 9.1 m 9.05 g/t 44.57 g/t
Including 130 ft 134 ft 4 ft .94 opt 3.2 opt
39.5 m 40.7 m 1.2 m 32.26 g/t 109.71 g/t
24

25. Selected Drill Results to Date
Drill Hole From To Width Gold Silver
Empire Vein
SDDH-10-28 364 ft 374 ft 10.0 ft .18 opt 1.06 opt
111.0 m 114.0 m 3.0 m 6.1 g/t 36.2 g/t
SDDH-10-39 335 ft 339 ft 4.0 ft .63 opt 17.30 opt
102.1 m 103.4 m 1.3 m 21.5 g/t 593.4 g/t
SDDH-10-40 360 ft 366 ft 6.0 ft .34 opt 2.33 opt
109.8 m 111.6 m 1.8 m 11.6 g 79.7 g/t
SDDH-10-41 406 ft 414 ft 8.0 ft .32 opt 1.62 opt
123.8 m 126.2 m 2.4 m 10.9 g/t 55.4 g/t
25

26. Continuous Mining and Milling Schedule
Tons per Tons in Grade Au Ounces Recovered
Day Period Eq (opt) Ounces*
Q2 2011 200 – 300 8,000 0.32 2,816 2,590
Q3 2011 300 – 400 22,000 0.32 7,040 6,476
Q4 2011 500 33,000 0.32 10,560 9,715
* Assumes all recovery, refinery and NSR charges
Items Costs
Mining (development ore) $85/ton
Milling $55/ton
Transportation $21/ton
Total Cost $161/ton
26

27. Permitting and Community Relations
RX has received all permits and exemptions required for
production:
o Approval of exploration license including water discharge by the
Montana Department of Environmental Quality
o Approval of small miner exemption which permits the company to
mine so long as surface operations do not exceed five acres
o Approval of the alternative mine rescue capabilities by the U.S. Mine
Safety and Health Administration
o Approval of the ventilation,
escape and evacuation plan by the
U.S. Mine Safety and Health
Administration
RX has been conducting regular Town
Hall meetings to encourage community
involvement and has addressed all of the
concerns of the people of Marysville.
27

28. Appendix

29. Appendix A
NI 43-101 Compliant Resource - Charly Vein and Historic Resource
– Calculated from 59 drill holes drilled into the Charly Vein System
– A cutoff mining width of 5 feet was used as well as a minimum grade of 0.1 oz/t Au
400E Vein Tonnage Grade Au Grade Ag Ounces Au Ounces Ag
oz/Ton g/Ton oz/Ton g/Ton
A 67,284 0.39 13.4 12.2 418 26,192 820,166
B 39,740 0.53 18.2 7.3 250 21,097 291,053
C 48,494 0.48 16.5 16.6 569 23,414 804,341
Total
155,518 0.45 15.6 12.3 422 70,703 1,915,560
Inferred
Tonnage Grade Au Grade Ag Ounces Au Ounces Ag
oz/Ton g/Ton oz/Ton g/Ton
Historic
841,000 0.50 17.14 5.00 171.43 463,000 4,635,000
Resource
* Historic Resource is not NI 43-101 compliant
29

30. Appendix B – Selected Drill Results
Drill Hole From To Width Gold Silver
D Block cont’d
DDH 09-111 32 ft 54 ft 22.0 ft .62 opt 1.69 opt
9.7 m 16.4 m 6.7 m 21.2 g/t 57.8 g/t
DDH-10-115 23 ft 41 ft 18.0 ft .49 opt 1.66 opt
7.0 m 12.5 m 5.5 m 16.7 g/t 56.8 g/t
DDH 10-120 30 ft 40 ft 10.0 ft .58 opt 1.13 opt
9.1 m 12.2 m 3.1 m 19.8 g/t 38.6 g/t
DDH-10-123 98 ft 106 ft 8.0 ft .78 opt 9.32 opt
29.8 m 32.3 m 2.5 m 26.7 g/t 319.1 g/t
30

31. Appendix C - Selected Drill Results
Drill Hole From To Width Gold Silver
Charly Vein
DDH 08-05 392 ft 398 ft 6.0 ft 1.10 opt 31.50 opt
119.5 m 121.4 m 1.8 m 37.7 g/t 1,078.7 g/t
DDH 08-26 406 ft 412 ft 6.0 ft .95 opt 13.64 opt
123.8 m 125.7 m 1.9 m 32.5 g/t 467.1 g/t
DDH 08-28 469.5 ft 477 ft 7.5 ft 1.51 opt 11.10 opt
143.2 m 145.5 m 2.3 m 51.7 g/t 380.1 g/t
DDH 08-29 4 ft 12 ft 8.0 ft .29 opt 53.01 opt
1.2 m 3.6 m 2.4 m 9.9 g/t 1815.3 g/t
DDH 09-102 240 ft 252 ft 12.0 ft 1.17 opt 16.70 opt
73.2 m 76.8 m 3.7 m 40 g/t 571.9 g/t
31