Jiminex Inc.
TSX VENTURE : JIM

April 10, 2012 09:16 ET

Jiminex Inc. Corporate and Exploration Update

SHUNIAH, ONTARIO (FORMERLY PASS LAKE)--(Marketwire - April 10, 2012) - James R. B. Parres, President & CEO of Jiminex Inc. (TSX VENTURE:JIM) reports that as soon as float planes can access Pickle Lake, an exploration crew will be mobilized to the Misehkow River property to commence outcrop stripping and channel sampling. The priority target for this work will be at the location over and surrounding the up dip surface projection of the visible gold zone intersected in drill hole 11-MIS-03 last year (up to 18.3 gt gold/2.4 m). Late 2011, the Jiminex Inc. exploration crew was able to expose bedrock in this area which strongly resembled the quartz veins and rocks of the gold zone, but was unable to channel sample due to freeze-up conditions.

Currently, the management of Jiminex Inc. is seeking financing for the second phase diamond drilling program at Misehkow River in order to further delineate the gold zone located in 2011. It is expected that the outcrop stripping and sampling will assist in the planning of the hole locations for the second phase diamond drill program.

The first quarter financials and management discussion and analysis for 2012 has been delayed due to a one time, one month allowable extension to place the Jiminex Inc. first financial statement into International Financial Reporting Standards compliance. The first quarter documents will be filed on SEDAR before the end of April 2012.

Clinton Barr has resigned from the Jiminex Inc. Board of Directors to pursue other business ventures. The Jiminex Board thanks Mr. Barr for his service to the Company and wishes him well on his new endeavors.

Jiminex Inc. was listed as a resource company on the TSX venture exchange in 2009 and is focused on gold exploration in Canada. The Company acquired three high potential properties located in three well-known mining camps. The 100%-owned Misehkow River property is sited in the Pickle Lake gold mining region of Ontario near to the Pickle Crow Project of PC Gold Inc. and in the same general region as the Musselwhite Mine currently being mined by Goldcorp Inc. Misehkow River presents an opportunity to possibly locate more than one gold deposit within a large target area. The Northern Eagle property is located in the Hemlo gold mining camp, Ontario close to the 22 million ounce Hemlo deposit being mined by Barrick Gold Corp. The property is considered one of the best target areas in which to locate another Hemlo-style gold deposit and Jiminex has earned a 50% interest from Beaufield Resources Inc. The 100% owned Parres and Parres Two properties are located in the Snow Lake copper-zinc and gold mining camp of Manitoba where the major Lalor Lake copper-zinc and gold deposit discovery of HudBay Minerals Inc. is actively being explored and developed.

Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of the Company's public information.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.

Shares outstanding: 40,427,912

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