EXMIN Resources Inc.

EXMIN Resources Inc.

December 07, 2006 09:01 ET

EXMIN Secures Diamond Drill Rig for its 100% Owned Projects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2006) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that it has secured a new diamond drill rig by providing a down payment on a series of drill programs it plans for 2007. The agreement with Globexplore Drilling, S.A. de C.V., of Mexico, stipulates that the rig and drill crew be mobilized to the first drill program site within ninety days. The agreement also stipulates that the rig and crew will be captive to EXMIN as long as EXMIN can keep them contracted.

Dr. Craig Gibson, PhD., Executive Vice President of Exploration for EXMIN stated, "This is a great strategic move for EXMIN. The exploration industry is exploding with demand, and it is very difficult to secure a rig. This agreement merely prepays for drilling programs already planned by EXMIN for 2007. The availability of this new rig and drill crew will encourage additional programs on our other 100% owned district-scale projects."

EXMIN plans to commence drilling programs at the Reyna de Oro, Cerro Colorado/Mina Guadalupe, Oribo and Horcon projects in 2007. Several other 100% EXMIN projects, including Batopilas, have identified drill targets that may be drilled as well.

Dr. Craig Gibson, PhD., Executive Vice President of Exploration, is the authorized professional geologist for the Company and the direct manager of all technical programs and information.


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