Update on Iledor's Private Placement

CORPORATION EXPLORATION ILEDOR ("ILEDOR" OR THE "CORPORATION") (TSX VENTURE:ILE)
announces that it still intend to proceed with a non-brokered hard cash and
flow-through private placement for an aggregate gross proceed of a minimum of
$400,000 and a maximum of $650,000 ("Placement"), as announced by press release
on February 21, 2013.


The proceed of the Placement will be mainly used for the advancement of the
projects of the Corporation on its properties, including the gold property of
Tiblemont and, once the conditions for their acquisition will be completed, the
chromium and platinum properties of Coleraine and Sterret, as well as for its
general cash flow.


"The Corporation's projects are productive. This financing will allow to advance
them so that shareholders will reap the benefit of the quality of our properties
and see the return they deserve" said Bertrand Brassard, President and Chief
Executive Officer of the Corporation.


The hard cash portion of a minimum of $200,000 and a maximum of $325,000,
provides for the issuance of hard cash units at a subscription price of $1,000
each ("Hard Cash Unis"). Each Hard Cash Units includes 10,000 Common Shares at a
price of $0.10 each and 10,000 warrants ("Warrants"). Each Warrant will enable
the holder thereof the right to acquire, for a period of 18 months from the
issuance of the Warrant, one Common Share at a price of $0.20 per Common Share.


The flow-through portion of a minimum of $200,000 and a maximum of $325,000,
provides for the issuance of flow-through units at a subscription price of
$1,080 each ("Flow-Through Unis"). Each Flow-Through Units includes 6,000
flow-through class "A" shares in the capital stock of the Corporation ("Common
Shares") at a price of $0.18 each.


Moreover, the Corporation intends to grant, if need be, to any agent of the
financing, as finder's fees, a cash commission equivalent to a maximum of 7% of
the subscription amount received through it as well as un number of agent's
warrants ("Agent's Warrants") equivalent to a maximum of 6% of the number of
Common Shares included in the Flow-Through Units and the Hard Cash Units which
will be subscribed through it. Each Agent's Warrant will enable the holder
thereof the right to acquire, for a period of 18 months from the issuance of the
Agent's Warrant, one Common Share at the price of the Common Shares included in
said units, namely at a price of $0.10 or $0.18 per Common Share, as the case
may be.


Each Flow-Through Units, Hard Cash Units, Warrants, Agent's Warrants and Common
shares issued in the scope of the Placement will be subject to a mandatory
holding period of four (4) months and one (1) day.


The Placement is subject to the approval of the TSX Venture Exchange and other
regulatory approvals.


Neither the 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 news release. Statements
made in this news release that are not historical facts are "forward-looking
statements" and readers are cautioned that any such statements are not
guarantees of future performance, and that actual developments or results, may
vary materially from those in these "forward-looking" statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mr. Bertrand Brassard
President and Chief Executive Officer
[phone]
www.explorationiledor.com