First Asset Morningstar Emerging Markets Composite T.EXM.A

News !

[r2j316]

EXMIN Options Silver Project in the Precious Metal Belt of Durango, Mexico CCNMATTHEWS EXMIN Resources Inc. July 24, 2007 - 09:48:27 AM EXMIN Options Silver Project in the Precious Metal Belt of Durango, Mexico VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 24, 2007) - EXMIN Resources Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that it has entered into an option agreement to explore the Pino project in the Tepehuanes district of Durango, Mexico. The project consists of five concessions covering approximately 5,500 hectares in the Sierra Madre Occidental and is located near several other projects being explored or mined by Canadian junior resource companies, including Guanacevi (Endeavor Silver), Topia (Great Panther Resources) and Tahuehueto (Soho Resources). The optioned concessions cover mine workings that were developed on a large vein system with high silver grades, probably in the 1800's and 1900's. Reconnaissance sampling by EXMIN field crews yielded as much as 1,275 grams per metric ton (g/t) silver from mine dumps and 1,010 and 649 g/t silver over 0.5 and 2.5 metre vein widths (please see table below for assay results). Samples also contain as much as 20% lead and 3.87% zinc. The mine is accessible by good gravel road and, to EXMIN's knowledge, has never been systematically explored or drilled. Karl J. Boltz, President and CEO of EXMIN, stated, "This project is located in a world class silver belt and was brought to EXMIN because of our respected reputation in the Mexican mining industry. We negotiated this deal over several months and kept a low profile while we acquired additional ground in the region." The Targets The Pino mine consists of several workings that were developed on a large vein system over about 1,000 metres along strike and for 3 levels over about 100 vertical metres. There are also numerous small exploration workings along the vein system. Based on the work performed by EXMIN, it appears that only the upper levels of the vein were partly mined, but there is potential for several hundred metres of vertical extent underneath the lowest mine level and along strike. Exploration fieldwork is underway at the property in anticipation of a drill program later this year or early next year. Mapping and sampling of the mine workings and surface exposures is largely complete. The main adit level of the Pino mine explored the vein for about 400 metres along strike and several large open stopes reached the surface. Significant silver values were encountered at all levels of exposure and along strike (see table of assays below). There is also significant lead and locally zinc in the samples. A large alteration zone that may be related to a separate parallel vein system was also identified. EXMIN staked a 5,000 hectare concession over this alteration zone and along the strike extension of the Pino vein, as well as two other prospect areas that recently became available. Regional exploration work on these areas is in progress. Assays from the Pino mine area --------------------------------------------------------------- Width Ag Au Pb Zn Sample (m) (g/t) (g/t) (%) (%) --------------------------------------------------------------- Surface and miscellaneous workings ---------------------------------- 642 1.5 29.5 0.012 0.50 0.29 643 0.8 98.5 0.037 0.53 0.39 644 1.5 87.6 0.029 0.69 1.05 less than 645 1.5 5.3 0.005 0.30 0.25 646 dump 1055.0 0.020 2.31 0.53 647 0.6 385.0 0.044 0.66 0.07 648 1.0 85.7 0.014 0.26 0.26 2010 2.5 649.0 0.016 0.91 0.12 2011 dump 1275.0 0.064 1.67 0.49 4420 0.4 405.0 0.064 0.63 0.21 greater than 4421 1.0 370.0 0.017 20 3.87 4422 0.5 1010.0 0.065 5.96 0.58 4423 2.3 74.0 0.028 1.37 0.04 4424 1.3 52.0 0.024 0.73 0.04 4425 2.3 82.2 0.035 0.43 0.03 less than 4426 3.0 12.8 0.005 0.30 0.03 4427 1.6 316.0 0.028 1.80 0.12 4428 2.2 171.0 0.008 0.77 0.07 less than 4429 0.5 3.6 0.005 0.03 0.02 4433 dump 78.4 0.039 2.50 2.45 4434 dump 167.0 0.019 4.45 1.60 4435 dump 97.9 0.061 2.11 0.11 180 metres along main adit level(i) ---------------------------------- 4404 0.8 70 0.030 11.50 0.58 4405 1.4 8.8 0.045 0.56 0.40 4406 0.8 106.3 0.049 0.63 0.41 4407 1.5 42.8 0.025 0.62 0.64 4408 1.0 7.2 0.015 0.48 0.36 4409 0.9 54 0.085 2.27 0.24 4410 0.8 22.9 0.015 0.55 0.13 4411 0.9 45.7 0.105 0.60 0.34 4412 1.4 57.5 0.145 1.96 0.16 4413 1.4 88.9 0.105 1.11 0.21 4414 1.0 135.8 0.106 7.96 0.24 4415 1.0 0.3 0.080 0.00 0.00 less than 4416 1.2 9.4 0.005 0.35 0.25 less than 4417 0.7 13.9 0.005 1.80 0.49 less than 4418 1.0 8.1 0.005 0.25 0.09 less than 4419 1.2 1.9 0.005 0.18 0.21 4430 0.4 624.0 0.042 1.13 0.67 4431 1.5 66.8 0.032 1.84 0.27 4432 0.8 59.4 0.039 0.34 0.12 --------------------------------------------------------------- (i)Samples are not evenly spaced and were taken where the vein was not previously mined, and therefore do not represent systematic sampling of a continuous interval. The Deal EXMIN has agreed to make staged payments over the four year term of the option agreement for a total purchase price of US $400,000 (plus applicable 15% value added tax) for 100% of the rights to two concessions covering 200 hectares, under the following terms: 1. Payment of US $20,000 on signing (paid); 2. Payments totaling US $130,000 over three years with payments of US $15,000 to US $35,000 at six month intervals; 3. Subsequent payments totaling US $250,000 in the 4th year. 4. There is no area of interest around the acquired concessions nor an interest in EXMIN's new surrounding concession. EXMIN will assume the normal requirements to keep the concessions in good standing with the Mexican Mining Secretariat. The owner of the concessions will retain a two percent NSR. EXMIN can terminate the contract unilaterally at any time, with no further obligations to the titleholder. There is no work commitment other than that required by Mexican law. Quality Assurance Samples were prepared and analyzed by ALS Chemex at their labs in Mexico and Vancouver and generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish; samples with more than 10 g/t gold (overlimit) are analyzed using gravimetric methods. Silver and other elements were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver and/or more than 1 % copper, lead or zinc (overlimit) are analyzed by AA. Dr. Craig Gibson, PhD., Executive Vice President of Exploration is the authorized professional geologist for EXMIN Resources Inc. and the direct manager of all technical programs and information on the part of EXMIN. About EXMIN EXMIN Resources Inc. (EXMIN) is currently focused on the exploration and development of precious metal properties of exceptional merit in the Sierra Madre gold belt of Northwestern Mexico as well as in other highly mineralized areas of 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. FOR FURTHER INFORMATION PLEASE CONTACT: EXMIN Resources Inc. Karl J. Boltz President & CEO 1-888-244-0304 EXMIN Resources Inc. Investor Relations 1-888-244-0304 Email: [e-mail] Website: www.exmin.com The TSX Venture Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news release.

[tradesmart1]

The Dynamic Duo pulls it off again!! Way ta go Karl

[Revelation18]

Volume 88,000! Says it all up 2 cents + "No comment" Yours truly Revelation A 4 decade world wide miner P S Keep Drilling!! Cheers!

[gabrielgray]

EXM holds its own while TSX plunges 400 points. Says it all. Yours truly, Gabrielgray A five decade worldwide heckler. P.S. Keep drooling.

[r2j316]

That was awesome and profound !

[gabrielgray]

"That was awesome and profound!" Thank you, r2j316. Very kind of you to say so. I just hope he looked up "retromingent". I mean, enough is enough.

[Revelation18]

The KEY WORD to this little MINING Money Game is something you do not have Greyhead IMO Experience!! Cheers..!

[kmilne]

Guess you got told eh Greyhead lol. From now on you will have to show appreciation for the Rev's indepth analysis.