EXMIN Resources Inc.
TSX VENTURE : EXM

EXMIN Resources Inc.

May 15, 2008 09:41 ET

EXMIN Clarifies Cease Trade Order

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) announces that it has been issued a delinquent filer cease trade order by the British Columbia Securities Commission for failure to file its 2007 Annual Audited Financial reports by the deadline of April 29, 2008. The finalization of the Company's annual audited financial statements has been delayed due to the unforeseen delay in the completion of financial statements relating to a Mexican subsidiary and which operates one of the Company's mineral projects in Mexico.

EXMIN management and the Company's auditors are working as expeditiously as possible to finalize the annual audited financial statements and are in regular communication with the international accounting firm that is auditing the required financial statements of the Mexican joint venture company. The Company currently anticipates being in a position to file its annual audited financial statements within ten days.

EXMIN has been in communication with the appropriate regulatory agencies concerning these matters. The Company's common shares will not be permitted to trade on the TSX Venture Exchange while the cease trade order is in effect.

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