Street Resources Inc.

June 27, 2005 14:20 ET

Street Resources 'EXMIN Resources Inc.' Holds AGM and Appoints New CFO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2005) - Street Resources Inc. (EXMIN Resources Inc.) (TSX VENTURE:SRS), is pleased to announce that its Annual and Special General Meeting of shareholders (AGM) was held on Jun e 20, 2005. At the AGM, shareholders approved all of the proposed resolutions as declared in the Information Circular and Form of Proxy. Those resolutions included the re-election of all nominated directors, the name change of the Company from Street Resources Inc., to EXMIN Resources Inc., the continuing of the Company to British Columbia and the relocation of its corporate headquarters to Vancouver, B.C. Disinterested shareholders approved the resolution to re-price warrants held by former EXMIN, Inc. shareholders.

Further, the Board of Directors of the Company accepted the resignation by Mr. Chuck Lilly and appointed Mr. Salvador Miranda, as Chief Financial Officer. The board also resolved that the new head office for the Company will be located at Suite 2000 - 1066 West Hastings Street, Vancouver, B.C. V6E 3X2. The Company's registered and records office will be Suite 1500 - 1040 West Georgia Street, Vancouver, B.C. V6E 4H8.


Drilling continues at the Reyna de Oro project in southwestern Chihuahua state, Mexico. Five reverse circulation drill holes, about 600 meters, have been completed to date, and samples have been delivered to ALS Chemex and Inspectorate for assaying. This scheduled 1500 meter RC drilling program is the first portion of core and RC drilling planned for Phase II exploration at the Reyna de Oro project in 2005.

The Phase II exploration program is designed to further extend and define the non-qualified gold resource confirmed by the Phase I exploration drilling program conducted by EXMIN, Inc., in the Fall of 2004. Management is confident that Phase II results will allow the Company to update its Form 43-101 on the Reyna de Oro project and to include a significant qualified gold resource.


The Company also plans to conduct a geophysical program at the 38,000 hectare Tati de Oro concession to develop additional drill targets on the district's 20 km. of alteration contained within its concession. The Company will focus on the western half of its concession, where a zone of alteration 10 km. along strike, covered by clay alunite, extends to the southwest from the historic La Patria mine, which is surrounded by the Company's concession, in the pueblo of Maguarichic (100 km. due north of the Reyna de Oro project).

According to a report for Consejo Recursos Minerales, by Hernandez and Hernandez in 1988, historic production at La Patria began with the Spanish, in 1749. Modern production began in 1936 and lasted until 1943, during which 214,229 metric tons at average grades of 22.5 g/T gold and 773 g/T silver were mined. In 1978-1980, production totaled 53,792 metric tons at an average grade of 11.3 g/T gold and 1624 g/T silver.

Based on data generated from the planned geophysical program and the ongoing surface sampling and geologic mapping programs, the Company plans to initiate Phase I diamond drilling at the Tati de Oro concession, by October.

About Street Resources (EXMIN Resources Inc.)

Through its wholly-owned subsidiary, EXMIN, S.A. de C.V., a corporation incorporated under the laws of Mexico, Street Resources (EXMIN Resources Inc.) is currently focused on the exploration and development of precious metal properties of merit in the Sierra Madre g old belt of Northwestern Mexico.

Note: Street Resources (EXMIN Resources Inc.) 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 Street/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 Street/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.

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