More good newsVANCOUVER, BRITISH COLUMBIA, Dec 06, 2007 (MARKET WIRE via COMTEX News Network) --
EXMIN Resources Inc. ("EXMIN") (TSX VENTURE: EXM) is pleased to report that Hochschild Mining plc ("Hochschild") ("HOC": LOX), has agreed to purchase by way of a private placement an additional 2,736,318 common shares of EXMIN at a price of $0.40 per share for gross proceeds of Cdn $1,094,527. This placement represents an additional investment beyond Hochschild's entitlement under the Strategic Alliance with EXMIN to maintain its percentage ownership position. The proceeds of the placement are earmarked for rehabilitation and operation costs associated with the Moris Mine, which is jointly owned by Hochschild (70%) and EXMIN (30%) under a joint venture.
The Offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.