EXMIN Resources Inc.
TSX VENTURE : EXM

EXMIN Resources Inc.

October 30, 2007 09:00 ET

EXMIN Contracts Consulting Firm for Market Development Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - EXMIN Resources Inc. ("EXMIN") (TSX VENTURE:EXM) is pleased to announce a new strategic relationship with San Diego Torrey Hills Capital, Inc. ("SDTHC") commencing immediately for an initial term of six months. SDTHC, which has been involved in the junior resource capital markets for the past decade, will act as a consultant to EXMIN with respect to investor relations, corporate finance, and market development.

In connection with the agreement, EXMIN has granted to SDTHC options to purchase 500,000 common shares of EXMIN at an exercise price of $0.50 per share for a period of three years from the date of the agreement. As required by TSX Venture Exchange (the "Exchange") Policy 4.4 and the terms of EXMIN's Stock Option Plan, the options will vest over 12 months in four equal stages, commencing on the date of the agreement. The grant is subject to Exchange approval. Additionally, SDTHC will be compensated $10,000.

Karl Boltz, President and CEO of EXMIN Resources, comments, "We are extremely enthusiastic about our new partnership with SDTHC, which has had an impressive track record in the small cap sector of the market, particularly with exploration metals and mining companies such as EXMIN. Given the long list of accomplishments we have made during the past year, capped off by the recent commencement of production at our 30%-owned Moris Mine in Chihuahua, Mexico, EXMIN is now committed to expanding its market presence."

About EXMIN

EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of exceptional merit in the Sierra Madre gold belt of Northwestern Mexico, as well as in other highly mineralized areas of Mexico.

About San Diego Torrey Hills Capital, Inc.

San Diego Torrey Hills Capital, Inc. is a corporate finance and investor relations advisory firm specializing in the development of emerging growth companies. With operations in Del Mar, California and Boston, Massachusetts, it represents privately held and publicly traded companies throughout the United States and Canada. SDTHC's principal objective is to advise senior management and business owners with respect to (i) the identification and implementation of value-enhancing corporate strategies; (ii) capital raising, mergers and acquisitions, and other financial transactions; and (iii) investor relations market support and awareness activities.

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
    1-888-244-0304
    or
    EXMIN Resources Inc.
    Investor Relations
    1-888-244-0304
    Email: info@exmin.com
    Website: www.exmin.com