March 19, 2008 08:00 ET

Karmin Announces Feasibility Study Commences at Its 30% Owned Aripuana Base and Precious Metals Project, Brazil

TORONTO, ONTARIO--(Marketwire - March 19, 2008) - Karmin Exploration Incorporated ("Karmin" or the "Company") (TSX VENTURE:KAR) is pleased to announce that it has received notification from project partner and operator Votorantim, that Votorantim have commenced the full Feasibility Study at the Aripuana project which encompasses a complete massive sulphide district in Mato Grosso State, Brazil. Votorantim, who are fully funding the program have scheduled to complete the Study within 12 months, and plan to have the project permitted before the end of 2009. Karmin owns a 30% interest in the project and is not required to contribute financially until well after the completion of a bankable feasibility study.

The 2008 drill program will consist of 20,000 metres of drilling to complete the definition of the ore bodies at a 25 x 50 metre spacing. By Jan 1st 2008, 112,000 metres of drilling had been completed on the project, including 29,000 metres drilled in 2007. The 2008 drill program will also drill the Babacu and Massaranduba targets with a resource report expected within 2008.

The first ever National Instrument 43-101 compliant resource estimation prepared by independent engineers AMEC shows 27.7 million tonnes of indicated resources grading 6.6% zinc equivalent containing 2.153 billion pounds of zinc, 820 million pounds of lead, 156 million pounds of copper, 241,000 ounces of gold and 31,389,000 ounces of silver. (See release of October 24th 2007).

Further potential at Aripuana

The Aripuana project is an emerging massive sulphide district. A number of massive sulphide bodies having been discovered by Karmin and its partners since the early 1990s. Mineralization remains open between the Arex and Ambrex and both deposits are open at depth. Other massive sulphide targets at Babacu, Massaranduba, Mocoto and Boroca present potential to add mineral resources in the future and Karmin considers the future mineral potential to be excellent.

About Karmin

Karmin Exploration Incorporated is a TSX Ventures Exchange mine development company whose main asset is Aripuana. The Company has been active in Brazil since 1995, discovered the Ambrex deposit and first identified the Babacu and Massaranduba targets. Karmin's interest in the Aripuana project is 30% of the unweathered sulphide resources and 100% of the overlying oxide resources. Karmin has 38,453,591 shares outstanding and 41,453,591 shares fully diluted.

Reader Advisory. The information in this news release may include certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. Assumptions that are subject to significant risks and uncertainties are the basis for these statements. Because of these risks and uncertainties and, as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Karmin believes that the expectations reflected in forward looking statements are reasonable, we can give no assurances that the expectations of any forward-looking statements will prove to be correct. Karmin disclaims any intention, and assumes no obligation, to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise, except as required pursuant to applicable securities laws.

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