Jiminex Inc.
TSX VENTURE : JIM

August 23, 2012 18:01 ET

Jiminex Inc. Corporate Update

SHUNIAH, ONTARIO--(Marketwire - Aug. 23, 2012) - Jiminex Inc. (the "Company") (TSX VENTURE:JIM) wishes to announce that on August 16, 2012, the TSX Venture Exchange accepted final documentation in respect of a private placement with Canada Bai Heng Group and the appointment of Messrs. Johnson S. Zhang and Guoshan Ma as directors. Details of the transaction are contained in the Company's news release dated July 19, 2012.

The Company also wishes to announce that meeting materials for an annual and special meeting of shareholders to be held on Tuesday, September 18, 2012 in Thunder Bay, Ontario have been disseminated. Copies of the materials are available on SEDAR.

About Jiminex

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, is the qualified person responsible for the geotechnical content of the Company's public information.

If you would like to be added to Jiminex's news distribution list, please send your name (optional) and email address to info@jiminex.com.

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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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