KARMIN EXPLORATION INC.
TSX VENTURE : KAR

KARMIN EXPLORATION INC.

April 30, 2008 07:00 ET

Karmin Exploration Receives Additional Drilling Results for the Aripuana Polymetallic Project, Brazil: Includes 9.9 Metres Grading 28.8% Zinc, 10.7% Lead & 319 g/t Silver

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Karmin Exploration Incorporated ("Karmin" or the "Company") (TSX VENTURE:KAR) is pleased to announce it has received further drilling results from their project partner, Votorantim Metais ("Votorantim") from their 30% owned Aripuana zinc/copper/lead/gold/silver massive sulphide district in Mato Grosso, Brazil. Votorantim reported on assay results from 5 drill holes which were drilled in late 2007 into the Ambrex and Arex deposits summarized in Table 1below. Highlights included hole FPAR 157 which returned nine intersections including 9.9 metres grading 28.8% zinc, 10.7% lead and 319 g/t silver and FPAR 161 with zinc rich sections including 8.8 metres grading 11.4% zinc, 5.4% lead and 142 g/t silver and a copper rich section of 15.0 metres grading 4.9% copper. The drill locations can be found at http://karmin.com/content/ArexAmbrexBabacu-GeologicalMaps.html.



Table 1: Drill Results from the March Monthly report

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Intersection Grades
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From To Length Silver Gold Copper Lead Zinc
Deposit Hole m. m. m. g/t g/t % % %
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Ambrex FPAR157 215.2 218.2 3.0 14 0.1 1.4 3.3
--------------------------------------------------------
277.5 295.1 17.6 58 0.1 2.8 7.0
--------------------------------------------------------
299.5 303.8 4.3 32 0.0 1.4 3.6
--------------------------------------------------------
312.6 329.4 16.9 24 0.0 2.0 4.0
--------------------------------------------------------
349.1 352.9 3.8 80 0.0 4.0 12.1
--------------------------------------------------------
360.6 363.6 3.0 67 0.1 2.6 4.9
--------------------------------------------------------
535.4 538.7 3.3 73 0.0 2.0 5.7
--------------------------------------------------------
567.6 577.5 9.9 319 0.0 10.7 28.8
--------------------------------------------------------
597.2 601.2 4.0 301 0.0 8.7 1.1
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Ambrex FPAR158 236.8 244.0 7.1 25 0.0 1.2 4.3
--------------------------------------------------------
281.6 285.6 4.0 9 0.0 0.5 3.7
--------------------------------------------------------
386.8 389.8 3.0 13 1.9 0.0 0.0
---------------------------------------------------------------------------


---------------------------------------------------------------------------
Intersection Grades
---------------------------------------------------------------------------
From To Length Silver Gold Copper Lead Zinc
Deposit Hole m. m. m. g/t g/t % % %
---------------------------------------------------------------------------
Ambrex FPAR161 87.2 102.2 15.0 55 4.9 0.6 0.2
--------------------------------------------------------
201.7 209.7 8.0 53 0.0 2.1 5.5
--------------------------------------------------------
228.7 233.2 4.5 37 0.0 1.5 3.7
--------------------------------------------------------
266.1 274.9 8.8 142 0.0 5.4 11.4
--------------------------------------------------------
312.8 322.2 9.4 97 0.0 2.4 4.5
--------------------------------------------------------
323.0 327.0 4.0 249 0.0 7.3 3.6
--------------------------------------------------------
329.2 343.5 14.3 272 0.0 8.1 5.4
---------------------------------------------------------------------------

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Arex FPAR142 99.4 103.9 4.5 45 0.2 2.9 6.6
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Arex FPAR143 68.4 76.2 7.9 12 0.0 1.3 4.7
--------------------------------------------------------
180.2 190.8 10.6 58 0.1 3.0 6.3
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Five drill rigs are currently deployed on the Arex, Ambrex, Babacu and Massaranduba targets. The program is expected to reach full speed in the oncoming dry season, to complete the planned 20,000 metre drill program for 2008.

Background

The Arex, Ambrex, Babacu, Massaranduba, Baroca and Mocoto massive sulphide bodies were discovered by Karmin and its partners in the emerging Aripuana massive sulphide district which is considered to lie entirely within Karmin's joint venture area.

The first National Instrument 43-101 compliant indicated resource at Aripuana was reported on 20th October 2007 as 27.7 million tonnes grading 3.53% zinc, 1.34% lead and 35.25 g/t silver.

Scientific and Technical Information

Sample preparation for Votorantim was undertaken at ALS Chemex laboratory - Belo Horizonte, Brazil and the pulps analyzed at ALS Chemex laboratory - Lima, Peru using full digestion ICP assay. Full QA/QC procedures were implemented, including the insertion of one out of three standards every 40th sample and blank samples inserted every 40th sample (i.e. every 20th sample was either a standard or blank). Pulp and coarse reject duplicate samples were also inserted every 20th sample. Field duplicate (replicate) were also inserted every 20th sample during some period and now are inserted every 100th sample. Randomly selected check samples are routinely sent to another international laboratory for analysis by ICP on a yearly basis. This procedure is followed systematically by Votorantim, and was their stated procedure for all previously reported results by Karmin for 2007.

About Karmin

Karmin Exploration is a mineral exploration company focused on exploration and development in Brazil. Karmin through its subsidiary Mineracao Rio Aripuana Ltda. holds 30% of the Aripuana project. Karmin is free carried to the completion of a fully independent bankable feasibility study. The remaining 70% is owned by Anglo American Corporation who is optioning their interest to Votorantim Metais (a division of the privately-held Votorantim Group), the project operator, and Votorantim have already earned 70% of Anglo's interest. Votorantim, the world's 6th largest zinc producer, have two zinc smelters, and are currently purchasing over 50% of their concentrate needs. Their stated objective is to find more zinc resources from their own mines to feed concentrates to their smelters, rather than rely on external mining companies.

Karmin is publicly traded on the TSX-Venture Exchange under the symbol KAR. The Company has 38,453,591 shares outstanding (40,053,591 on a fully diluted basis). William Fisher, P.Geo. President of Karmin is the designated Qualified Person under National Instrument 43-101. He has reviewed this release for accuracy.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release -- including, without limitation, statements regarding production estimates and future plans and objectives of Karmin and Votorantim are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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