EXMIN Resources Inc.
TSX VENTURE : EXM

EXMIN Resources Inc.

September 10, 2007 09:02 ET

EXMIN Announces Inauguration of the Moris Mine, Chihuahua, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2007) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that the Santa Maria de Moris mine (Moris mine) was inaugurated on August 28th, 2007. The mine is operated by Minas Santa Maria de Moris S.A. de C.V., which is owned jointly by wholly owned Mexican subsidiaries of EXMIN (30%) and the Hochschild Mining Group (70%) (Hochschild) (LSX:HOC). Officials of both companies as well as representatives of the Federal, Chihuahua State and local municipal governments were present at a small ceremony at the mine.

Production at the mine officially began on August 8th, as previously announced by Hochschild on August 13, 2007. Crushing and stacking of ore on the leach pad is underway, and leaching operations have commenced.

Karl J. Boltz, President and CEO of EXMIN, stated, "The inauguration of the Moris mine is an important milestone in the development of EXMIN. The mine is operating at close to the 3,000 ton per day design capacity, and the normal bugs that occur in a start-up of this type are few and are being ironed out by our partner, a very competent producer."

Moris mine

The Moris mine is a 3,000 ton per day heap leach operation that employs approximately 200 people on a continuing basis, many of which are from the local community. The previously existing milling facilities have been refurbished and the new tertiary crusher is in service to allow production at the design capacity. The previously existing heap leaching operation had four leach pads that cannot be reused. Some of the material has been recrushed and stacked on the first new pad as a base for the ore that is currently being mined from two deposits, Creston and San Luis.

The ore is crushed to minus 1/4 inch and carried by conveyor belt to the new leach pads. The first new leach pad #5 is currently being stacked with ore, and leach pads #6 and #7 are under construction. Leaching has commenced, and the first pour of gold-silver dore is anticipated in October.

Please see EXMIN's website, www.exmin.com, for photos of the mine operation. For more details on the mine and reserves, please see press releases of July 10, 2007, and January 17, 2007.

Quality Assurance

Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration, is the authorized professional geologist for EXMIN Resources Inc. and the direct manager of all technical programs and information on the part of EXMIN.

About Hochschild

Minera Hochschild Mexico (MHM) is a subsidiary of Hochschild Mining plc (HOC.L for Reuters / HOC LN for Bloomberg), a publicly held company listed on the London Stock Exchange. Hochschild is a leading precious metals company with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild currently operates four underground epithermal vein mines, three located in southern Peru and one in southern Argentina. Hochschild also has two advanced stage development projects, one in each of Mexico and Peru and one early stage development project in Mexico. In addition, Hochschild has over twenty long-term prospects throughout Latin America and has over forty years experience in the mining of precious metal epithermal vein deposits. For further information please visit www.hochschildmining.com.

Neither EXMIN's joint venture partner, Minera Hochschild Mexico, nor Hochschild Mining plc or any of its subsidiaries, accept any responsibility for the use of project data or the adequacy or accuracy of this release.

About EXMIN

EXMIN Resources Inc. (EXMIN) 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.

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
    1-866-49-EXMIN (39646)
    or
    EXMIN Resources Inc.
    Investor Relations
    1-866-49-EXMIN (39646)
    Email: info@exmin.com
    Website: www.exmin.com