Extorre adopted plan for the protection of shareholder rights

Extorre adopted plan for the protection of shareholder rights

29.05.2012 Vancouver (B.C.) – Das Board of Directors von Extorre Gold Mines Limited (NYSE MKT:XG; TSX:XG; Frankfurt: E1R, "Extorre" or the "Company") , the adoption of a plan to protect shareholder rights (der "Plan") agreed. The plan comes into effect today, must be recognized, however, within six months of the shareholders of the company, order to have stock.

Purpose of the Plan is, shareholders and the Board of Directors of the Company to provide sufficient time for consideration and evaluation of any unsolicited offers for the company, the Board of Directors sufficient time to identify, Developing and negotiating value-enhancing alternatives, if they are seen as appropriate, to provide such unsolicited offers available, to promote the equitable treatment of shareholders in connection with any takeover bid for the company and ensure, that any proposed transaction is in the best interest of shareholders.

The rights (the "rights") were to 25. More 2012 issued and attached to all common shares of Extorre. A separate certificate will be issued, exercisable until the rights are. The rights will become exercisable only, if a person together with its affiliated companies, Partners and actors together as opposed to an allowable range (as described in the plan) beneficial ownership of shares, current together with the holdings of this person 20% or more of the outstanding common shares of the company (whose definition is set out in the plan) exceed, acquired or expressed their intention of this. After the acquisition of more than 20% of outstanding shares by a person Extorre (and its affiliates, Actors and partners together) with the exception of an allowable range of each right would, owned by a person other than the acquiring person of (and its affiliates, Actors and partners together) is, its owner after the exercise of rights to acquire common shares of Extorre at a significant discount compared to entitle the prevailing market price at that time. Offers, permissible under the plan are, must also fulfill the following conditions: You must be using one in accordance with applicable securities laws be made to the takeover bid circular, all shareholders of the company shall be provided for all common shares for at least 60 Days to be open.

A copy of the plan was the Toronto Stock Exchange (the "TSX") submitted. The TSX has the submission of the plan, among other things, subject to the approval certificate to approval by the shareholders of the plan within six months of the date of this press release. The company intends, held within the next six months, a meeting of shareholders, to be approved by the Plan.

A copy of the plan is available on SEDAR at www.sedar.com and on the website of the company available.

About Extorre

Extorre is a Canadian company, the System under the symbol XG on the Toronto Stock Exchange and the NYSE MKT (formerly AMEX) Exchange notiert. The main projects are the projects of the company's Cerro Moro, Puntudo und Don Sixto in Argentinien. The company has cash in the amount of 27 C $ millions.

Please visit Extorre on the Internet: www.extorre.com.

EXTORRE GOLD MINES LIMITED
Trevor Mulroney
President und Chief Executive Officer
extorre@extorre.com

For further information please contact:

Rob Grey, VP Corporate Communications
Such: + 1 604.681.9512
Fax: +1 604.688.9532
Toll-free: 1.888.688.9512
Suite 1660, 999 West Hastings St.
Vancouver, BC
Canada V6C 2W2

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25219

Safe Harbour Statement

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") accordance with applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our views on the scope and timing of drilling programs, different studies in the context of a potential mine development, the timing of the report on the phased development and the environment, of Exploration Results, the potential tonnage, Grades and content of the deposits, the schedule, the establishment and extent of resources estimates, potential production from its concession areas and their feasibility, production costs and the filing and the schedule of permits. These forward-looking statements are made as of the date of this press release. Readers are cautioned not to place undue reliance on forward-looking statements, there is no guarantee can be given, that the future circumstances, Events or results, that in such forward-looking statements were made either implicitly or explicitly expressed, will occur or that plans, Intentions or expectations, which are based on the forward-looking statements, actually become a reality. Because our forward-looking statements based on our expectations regarding future events at the time of the utterance of such statements, such statements are not guarantees of future performance and involve risks in addition, Uncertainties, Assumptions and other factors, which could cause, that could cause actual results to differ materially from those, The forward-looking statements were made in such explicit or implicit. Such factors and assumptions include, among other things, the impact of general economic conditions, the gold- and silver price, Changes in foreign exchange rates and actions by government authorities, Uncertainties associated with legal proceedings and negotiations and misjudgements in preparing forward-looking information. In addition, there are known and unknown risk factors, which could cause, that our actual results, Performance or achievements to differ materially from any future results, Performance or achievements, in the forward-looking statements were made either explicitly or implicitly expressed. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; Fluctuations in metal prices; Legal Issues; Uncertainties and risks associated with doing business abroad; Restrictions on foreign exchange; environmental liability claims and; reliance on key personnel; the potential for conflicts of interest among certain officers, Directors or promoters of the Company with certain other projects; the absence of dividends; Currency fluctuations; Competition; Dilution; the volatility of price and volume of the common shares of the company; tax consequences to U.S. investors; and other risks and uncertainties, including those, relating to the Cerro Moro, and general risks associated with mineral exploration- and development industry, in the Annual Information Form of the company from 30. March 2012 for the year 31. December 2011 included in the fiscal year ended, what with the Canadian Securities Administrators and available at www.sedar.com. Although we tried, identify the important factors, which could cause, that the difference between the actual events or results to differ materially from those contained in forward-looking statements include market prices, It may still be factors, which could cause, that the events or results not as expected, estimated or intended. There can be no assurance, that forward-looking statements will prove to be accurate; actual results and future events could differ materially from such statements. The reader should not place undue reliance on forward-looking statements. We are not obliged, these forward-looking statements, - unless, required by law.

Cautionary Note to U.S. Investors – The information contained herein and that information, incorporated herein by reference, have been prepared in accordance with the provisions of applicable Canadian securities laws, which differ from the provisions of applicable U.S. securities laws. In particular, the term "resource" with the term "reserve" to be equated. The disclosure requirements of the Securities Exchange Commission („SEC“) not usually allow, of information concerning "measured resources", "Indicated resources" and "inferred resources" or other descriptions of volumes in the mineralized deposits, representing under SEC standards, has no "reserves", cited in the filings with the SEC. This is required to be, if the disclosure of such information under the laws of the country, in which the company is headquartered, or country, traded in the securities of the company, necessary. U.S. investors should also consider, that "inferred resources" are subject to great uncertainty as to their existence and their eligibility for economic and legal perspective. If a Disclosure of "contained ounces" is a publication, The Canadian is allowed under the provisions. However, the SEC only permits issuers usually, to report on mineralization, where it is not to "reserves" by SEC standards, and in the form of pro forma tonnage and grade without reference units.

THE TSX VENTURE EXCHANGE NOR ITS REGULATION BODIES (IN THE POLICIES OF THE TSX EXCHANGE REGULATION SERVICES PROVIDER DESIGNATED AS) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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