EXMIN Resources Inc.
TSX VENTURE : EXM

EXMIN Resources Inc.

August 15, 2007 09:30 ET

Hochschild Continues its Exploration Option With EXMIN

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2007) - EXMIN Resources Inc. ("EXMIN") (TSX VENTURE:EXM), further to its August 14, 2007 press release, clarifies that under the terms of the private placement of common shares to Hochschild Mining Holdings Limited ("HMHL", a subsidiary of Hochschild Mining PLC) for cash proceeds of $106,830 (US $100,000): EXMIN will issue, 213,660 common shares of EXMIN at a price of $0.50 per share. The shares will have a four-month hold period as required by securities law, and the transaction is subject to regulatory approval.

As per EXMIN's September 1, 2006, press release, these shares will be issued pursuant to an option agreement whereby Minera Hochschild Mexico, S.A. de C.V. ("MHM", a Mexican subsidiary of the Hochschild PLC) may earn a 70% interest in EXMIN's Moris exploration project by investing a total of US $5.65 million. Of the total amount, US $4.8 million is earmarked for project development, and the remaining US $850,000 is being paid to EXMIN through private placements in EXMIN's stock by HMHL over the balance of the five year term of the agreement. The issuance described above represents the second of such private placements.

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