EXMIN Resources Inc.

EXMIN Resources Inc.

December 06, 2007 09:26 ET

EXMIN Announces Strategic Alliance Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) - EXMIN Resources Inc. ("EXMIN") (TSX VENTURE:EXM) is pleased to report that Hochschild Mining plc ("Hochschild") ("HOC": LOX), has agreed to purchase by way of a private placement an additional 2,736,318 common shares of EXMIN at a price of $0.40 per share for gross proceeds of Cdn $1,094,527. This placement represents an additional investment beyond Hochschild's entitlement under the Strategic Alliance with EXMIN to maintain its percentage ownership position. The proceeds of the placement are earmarked for rehabilitation and operation costs associated with the Moris Mine, which is jointly owned by Hochschild (70%) and EXMIN (30%) under a joint venture.

The Offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.


EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of significant merit in the Sierra Madre gold belt of Northwestern Mexico.

Note: EXMIN Resources Inc. (EXMIN) has taken all reasonable care in producing and publishing information contained in this news release. Material in this news release may still contain technical inaccuracies, omissions or typographical errors, for which EXMIN assumes no responsibility. This news release may include certain "forward-looking statements" including but not limited to comments regarding predictions and projections. All statements, other than statements of historical fact, included in this news release, including, without limitation, statements regarding potential mineralization, exploration results, and future plans and objectives of EXMIN, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in documents filed from time to time with the regulatory authorities.

The TSX Venture Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • EXMIN Resources Inc.
    Karl J. Boltz
    President & CEO
    EXMIN Resources Inc.
    Investor Relations
    Email: info@exmin.com
    Website: www.exmin.com