PRECIOUS METALS, DIAMONDS & GEMSTONESINVESTMENT SUMMIT

IRONMONGERS’ HALL, CITY OF LONDON ● WEDNESDAY, 6 APR 2011www.ObjectiveCapitalConferences.com

Re-opening a famous Montana gold mineMurray Nye – CEO, RX Exploration

April 2011

Safe HarbourThe following presentation may include certain “forward-looking statements” within the meaning of the United StatesPrivate Litigation Reform Act of 1995 and applicable Canadian Securities Laws. All statements, other than statements ofhistorical fact, included in the presentation, including, without limitation, statements regarding potential mineralizationand 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 expressionsare forward-looking statements. Forward-looking statements are not guarantees of future results and conditions butrather reflect our current views with respect to future events and are subject to risks, uncertainties, assumptions andother factors, and actual results and future events could differ materially from those anticipated in such statements. Therecan 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 disclosedunder the heading “Risk Factors” and elsewhere in documents filed from time to time with the Canadian provincialsecurities regulators. We base our forward-looking statements on information currently available to us and we do notassume 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, whilesuch terms are recognized and required by Canadian Securities Laws, the United States Securities and ExchangeCommission does not recognize them. Under U.S. standards, mineralization may not be classified as a “reserve” unlessthe determination has been made that the mineralization could be economically and legally produced or extracted at thetime the reserve determination has been made. U.S. investors should not assume that all or any part of measured orindicated resources will ever be converted into reserves. In addition, “inferred resources” have a great amount ofuncertainty as to their existence and as to whether they can be mined legally or economically. Accordingly, informationconcerning descriptions of mineralization in this presentation may not be comparable to information made public bycompanies that are subject to the SEC’s Industry Guide 7.

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The RX Exploration TeamManagement

CEO: Murray Nye – Co-founder, director, principal of Venbanc, Inc., an investment and merchantbank specializing in the structuring and financing of start-up companies; provides follow-upfinancial and management advisory assistance. Murray has extensive experience in financing manystart-up natural resource companies.

CFO: Max Polinsky, B.Comm (Hons.) – Co-founder, director and principal of Venbanc, Inc. Inaddition to many years in the merchant bank industry Max has extensive operational experiencerunning a national company with offices across the country

Vice President of Mining Operations: Mike Gunsinger – Mike has over 40 years experience inmine development and production in North America. He has extensive experience in Montanaand Utah. Mike also established his own underground mining contracting company which hasbeen active in Canada and USA.

Consulting Mine Geologist: Ben Porterfield - Ben leads a team of geologists at theDrumlummon mine. He was formerly a geologist for Kennecott, focused on their Terra goldproject in Alaska.

Vice President of Operations: L. Joseph Bardswich, P.Eng. – Joe is a graduate of the Universityof Windsor (B.A.Sc.,Civil Engineering) and received his Masters Degree (M.Eng. Mining) from McGillUniversity. His career has ranged from contract miner, through production supervision, miningengineering, heavy civil engineering and mine management in both underground, open pit andalluvial operations in Canada, the United States, Europe and Africa. Joe a registered ProfessionalEngineer in the Province of Ontario, a member of the Society of Mining Engineers, and a lifemember of the Canadian Institute of Mining and Metallurgy (CIM). He is a “Qualified Person”as defined in NI-43-101.

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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

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Share Capital

Exchange Listings TSX-V: RXE

OTCQX: RXEXF

Recent share price1 CAD $0.50

52 week low–high CAD $0.28–$0.79

Shares outstanding 159.9 million – basic

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

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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

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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

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Marysville, Montana is located 25 miles North-West of Helena, Montana’s capital city.Contact Mill, Philipsburg, 114 miles by road southwest from Marysville

Location of Mine and Mill

Drumlummon Mine

Philipsburg Mill

Helena

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USA

- Year round access by paved roads- Grid power at mine and mill- $15 million spent in past two years opening mine.

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History of the Drumlummon Mine

1876: Drumlummon deposit discovered by Thomas Cruse.

1883 - 1910: Montana Co. (Rothschilds) puts mine into production with two shafts and 25 miles 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

1910 - 1929: St Louis Company achieves minor production.

1941 - 1951: Montana Rainbow Co. restarts production in 1946. Mill burns down.

2007: RX consolidates all land claims, initiates surface drilling, completes NI-43-101 report. Begins underground rehabilitation of old workings on 400 foot level.

2008: Charly Vein system discovered

2010: RX reopens the mine

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Price of gold in USD

Marysville, MT

Drumlummon Mine

Patented Ground

Staked Claims

1 km

N

Bald Butte Mine

The property consists of 48 patented mining claims and 132 staked claims totaling 2,680 acres. Only 5% of the property has been explored.

Drumlummon: Property Map

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Drumlummon Vein

Frankie Vein

North Star Vein

400 Level Adit

Empire Vein

N

500 metres

Charly VeinD Block

Xmas Vein

St Louis Vein

9-hr Workings

Castletown Vein

Drumlummon: Known Veins

Development Progress 2009 - 2010

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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

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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

New Decline

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– 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

New Decline

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Longitundinal Map

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Exploration Drill Program

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– 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

Exploration Drill Program

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Exploration – Underground DrillingPlan View 800 Level

Company has several planned drill holes from drill station #9

N

Drill Station #9

Proposed Drill Holes

450’ level

800’ level

Selected Drill Results to Date

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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

Selected Drill Results to Date

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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

Selected Drill Results

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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

Selected Drill Results

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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

Selected Drill Results to Date

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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

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Continuous Mining and Milling ScheduleTons per

DayTons in Period

Grade Au Eq (opt)

Ounces RecoveredOunces*

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

Items Costs

Mining (development ore) $85/ton

Milling $55/ton

Transportation $21/ton

Total Cost $161/ton

* Assumes all recovery, refinery and NSR charges

Permitting and Community RelationsRX 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

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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.

Appendix

Appendix A

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– 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

* Historic Resource is not NI 43-101 compliant

NI 43-101 Compliant Resource - Charly Vein and Historic Resource

400E Vein Tonnage Grade Au

oz/Ton g/Ton

Grade Ag

oz/Ton g/Ton

Ounces Au Ounces Ag

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 Inferred

155,518 0.45 15.6 12.3 422 70,703 1,915,560

Tonnage Grade Au

oz/Ton g/Ton

Grade Ag

oz/Ton g/Ton

Ounces Au Ounces Ag

Historic Resource

841,000 0.50 17.14 5.00 171.43 463,000 4,635,000

Appendix B – Selected Drill Results

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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

Appendix C - Selected Drill Results

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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