Exploration Continues At Moris Mine

VANCOUVER, BC - EXMIN Resources Inc. reported update of the Moris Mine, in Chihuahua, Mexico. The mine was refurbished and put into production by EXMIN's partner, Hochschild Mining Group, Plc. (LSE:HOC - News; Hochschild), within ten months of its acquisition, and produced 5,580 ounces of gold and 13,000 ounces of silver in the last three and one half months of 2007. The realized price of sales for gold was in excess of $800 an ounce. The mine is projected to produce a total of about 25,000 ounces of gold and about 60,000 ounces of silver in 2008.
"Hochschild did an excellent job in getting the Moris Mine up and running," said Karl Boltz, President and CEO of EXMIN. "After the usual problems and relatively high costs that are associated with initial startup, Hochschild began a streamlining process to bring production costs to about US$ 13-14 per ton. The mine is fully funded and has been operationally profitable since the beginning of 2008. Current high precious metals prices have been an additional boost for the operation."
Hochschild has informed EXMIN that, by drilling 634 metres of core at the Eureka deposit, it has confirmed the historical resource data. Also, Hochschild drilled 335 metres on the old heap leach pad and believes that a significant potential resource exists and can be added by re-processing the original heap material. The company's address is 1066 West Hastings Street, Suite 2000, Vancouver, BC V6E 3X2, (604) 266-4415, fax: (604) 806-6112.