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Karmin Exploration Inc

Thursday, October 4th, 2007

Karmin Exploration Inc. is pleased to announce a further 4 drill holes from the new Babacu massive sulphide discovery, located 900 metres east of the Ambrex massive sulphide deposit, within Karmin’s 30% owned Aripuana zinc-lead-silver massive sulphide district in Mato Grosso, Brazil. The discovery was announced in a Karmin press release on 12th July 2007. The highest grade intersection of the current batch is 5.3 metres grading 9.0% zinc and 2.6% lead and the widest is 22.0 metres grading 5.0% zinc and 2.3% lead (see Table 1 below).
Babacu, Arex, Ambrex and Mocoto massive sulphide bodies have been discovered by Karmin and its partners in the emerging Aripuana massive sulphide district which is considered to lie entirely within Karmin’s joint venture area (see map in Fig.1 below). Previous drilling at Ambrex included 42.4 metres grading 13.2% zinc, 5.5% lead and 100 g/t silver (release of Sept 28th 2005), at Arex included 7.1 metres grading 9.9% zinc, 5.4% lead and 214 g/t silver (release of Feb 9th 2006) and at Mocoto included 7.0 metres grading 11.65% Zn and 2.73 g/t gold (see release of 7th Feb 2001).
Table 1. New results from the Babacu mineralization
Hole, From, To, Core Length, Zinc %, Lead %
FPAR 106 358.9 369.2 10.3 3.71 0.52
and 372.2 390.6 18.4 2.19 0.71
FPAR 107 340.9 343.4 2.5 9.09 6.54
and 349.2 354.7 5.3 8.98 2.62
and 358.0 362.9 5.0 7.50 4.23
FPAR 108 Intervals of low grade stringer mineralization
FPAR 109 318.3 322.2 3.9 8.69 1.69
and 335.5 357.4 22.0 4.97 2.29
(ii)Assays for copper, gold and silver for these holes are still pending.
Sample preparation for was undertaken at ALS Chemex laboratory – Belo Horizonte, Brazil and the pulps analyzed at ALS Chemex laboratory – Lima, Peru using full digestion ICP assay. Full QA/QC procedures were implemented, including the insertion of one out of three standards every 40th sample and blank samples inserted every 40th sample (i.e. every 20th sample was either a standard or blank). Pulp and coarse reject duplicate samples were also inserted every 20th sample. Field duplicate (replicate) were also inserted every 20th sample during some period and now are inserted every 100th sample. Randomly selected check samples are routinely sent to another international laboratory for analysis by ICP on a yearly basis. This procedure is followed systematically by Votorantim, and was their stated procedure for all previously reported results by Karmin for 2007.

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