Norex Exploration Services Inc., Special/Extraordinary Shareholders Meeting, Mar 30, 2010 Location: Calgary, Alberta, Canada.

Norex Exploration Services Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $2.38 million or $0.04 per basic and diluted share on revenue of $10.94 million compared to net loss of $3.09 million or $0.08 per basic and diluted share on revenue of $19.86 million a year ago. The company reported loss before income taxes of $3.4 million, cash used in operating activities of $0.35 million, acquisition of property and equipment of $0.014 million compared to loss before income taxes of $3.47 million, cash provided by operating activities of $1.55 million, acquisition of property and equipment of $6.45 million a year ago. EBITDA was $0.72 million or $0.02 per share against $1.53 million or $0.04 per share a year ago. Capital expenditures were $0.014 million against $6.45 million a year ago. For the nine months, the company reported net loss of $3.71 million or $0.08 per basic and diluted share on revenue of $46.37 million compared to net income of $0.003 million on revenue of $76.17 million a year ago. The company reported loss before income taxes of $6.2 million, cash provided by operating activities of $6.32 million, acquisition of property and equipment of $0.068 million compared to income before income taxes of $0.62 million, cash provided by operating activities of $11.43 million, acquisition of property and equipment of $14.61 million a year ago. EBITDA was $1.92 million or $0.04 per share against EBITDA of $7.07 million or $0.18 per share a year ago. Capital expenditures were $0.068 million against $14.61 million a year ago.

Norex Exploration Services Inc. has announced the renewal of a service agreement with WesternGeco Limited, for the provision of a recording crew for seismic data acquisition programs in the United States. In conjunction with this contract, Norex will use up to ten of its 67,000 lb buggy vibrators. The company vibrator fleet, consisting of both buggy and truck mounted vibrators, now totals 35 machines.