EXMIN Resources Inc.
TSX VENTURE : EXM

EXMIN Resources Inc.

August 13, 2007 09:30 ET

EXMIN Completes Private Placement With Hochschild, Settles Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2007) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM), further to its July 9, 2007, press release, is pleased to announce that it has completed a non-brokered private placement with Hochschild Mining Holdings Limited, a subsidiary of Hochschild Mining PLC (LSE:HOC) in cash of $3,150,000 (US $3,000,000) by issuing 7,875,000 common shares at a price of $0.40 per share. The proceeds are earmarked to be used exclusively for work related to the starting of operations at the Santa Maria de Moris mine.

In addition, the Company has settled a debt with Hochschild Mining (Mexico) Corporation, another subsidiary of Hochschild Mining PLC, of $1,650,892 by issuing 4,127,231 common shares at a price of $0.40 per share.

Both the shares issued for the private placement and the shares-for-debt transaction have a four-month hold period expiring on December 8, 2007, as required by securities law.

About EXMIN

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