First Asset Morningstar Emerging Markets Composite T.EXM.A

NEWS - EXM Buys Moris Mine

[QTraderOne]

December 12, 2006 EXMIN Announces Positive Decision to Buy Moris Mine in Chihuahua VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that the EXMIN/Hochschild Mining Group (Hochschild) joint venture has made the decision to complete the purchase of the Santa Maria de Moris mine, pursuant to the terms of the contract signed with the mine owner, Minera Moris, S.A. de C.V., on June 30, 2006 (see news release of July 19, 2006). Since June 30, 2006, EXMIN and Hochschild have been carrying out a due diligence review of the mine and related assets. EXMIN plans to fund its 30% share of the purchase price (US$1,350,000) by way of a private placement financing of 2,926,188 common shares at a price of $0.53 per share to Minera Hochschild Mexico, S.A. de C.V., a subsidiary of Hochschild. About EXMIN EXMIN Resources Inc. is currently focused on the exploration and development of precious metal properties of significant merit in the Sierra Madre gold belt of Northwestern Mexico. Note: EXMIN Resources Inc. (EXMIN) 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 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 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.