Karmin Common Shares Approved for Listing on the Lima Stock Exchange

    




 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR  DISSEMINATION IN THE UNITED STATES/ 

 TORONTO, June 22, 2012 /CNW/ - Further to its news release dated  February 16, 2012, Karmin Exploration Inc. ("Karmin")  is pleased to announce that the Peruvian Superintendence  of the Securities Market has approved the listing of Karmin's common  shares for trading on the Bolsa de Valores de Lima. The common shares  are expected to be begin trading on the Bolsa de Valores de Lima on  Monday, June 25, 2012. KALLPA Securities Sociedad Agente de Bolsa S.A.  acted as Karmin's sponsoring broker for the listing. 

 Karmin's Chief Executive Officer, David Brace, stated "We are very  pleased to have obtained this important listing. Currently, over 30% of  Karmin's common shares are held by South American investors. As the  Bolsa de Valores de Lima is the third largest stock exchange in Latin  America, we believe that Karmin's listing will significantly increase  Karmin's exposure to current and potential investors in South America  and will represent a vital step in Karmin's continued exploration and  development of its projects in Peru and Brazil." 

 About Karmin 

 The common shares of Karmin are listed on the TSX Venture Exchange and  trade under the symbol "KAR" and are expected to commence trading on  the Bolsa de Valores de Lima on Monday June 25, 2012. The principal  business of Karmin is to acquire, explore and develop resource  properties. 

 Karmin owns 100% of the 25-square-kilometre Cushuro Gold Project located  in the world-class Alto Chicama gold-mining district of northern Peru. 

 Karmin owns 100% of the Aripuanã Gold-Silver Project, which encompasses  the gold and silver mineralization associated with near-surface  oxidized portions of numerous massive-sulphide deposits in the  820-square-kilometre Aripuanã Zinc Project in north-western Brazil. 

 Karmin owns 30% of the Aripuanã Zinc Project, one of the largest  undeveloped zinc projects in Brazil. The Aripuanã Zinc Project covers a  mineralized massive-sulphide district that includes five areas of  mineralization (Ambrex, Arex, Babacu, Massaranduba and Mocoto) over a  25- kilometre strike length.  A technical report completed by AMEC  International (Chile) S.A. in accordance with National Instrument  43-101-Standards of Disclosure for Mineral Projects in 2007 (available on SEDAR, www.sedar.com)  states that the Ambrex  deposit has indicated resources of 18.3 million tonnes grading 4.0%  zinc, 1.5% lead, 0.18 g/t gold and 35.6 g/t silver.  The Arex deposit  has indicated resources of 9.4 million tonnes grading 2.5% zinc, 1.0%  lead, 0.45 g/t gold and 34.7 g/t silver. Votorantim owns 70% of the  Aripuanã Zinc Project, but assumes 100% of the project costs until the  completion of a bankable feasibility study 

 Disclaimer Relating to Forward-Looking Information  

 This news release contains forward-looking statements that are based on  the belief of management and reflect Karmin's current expectations.  Forward-looking statements include, but are not limited to, possible  events and statements. The words "plans," "expects," "is expected,"  "scheduled," "estimates," "forecasts," "projects," "intends,"  anticipates," or "believes," or variations of such words and phrases or  statements that certain actions, events or results "may," "could,"  "would," "might," or "will be taken," "occur," and similar expressions  identify forward-looking statements.  The forward-looking statements  and information in this press release include, but are not limited to,  the date upon which the common shares of Karmin are listed on the Bolsa  de Valores de Lima, information relating to the business plans of  Karmin and the anticipated benefit to Karmin resulting from the listing  on the Bolsa de Valores de Lima, including access to capital and the  exploration and development of its projects.  Such statements and  information reflect the current view of Karmin with respect to risks  and uncertainties that may cause actual results to differ materially  from those contemplated in those forward-looking statements and  information. 

 Such statements are not historical facts. Readers are cautioned not to  place undue reliance on forward-looking statements, as there can be no  assurance that the plans, intentions or expectations upon which they  are based will occur. By their nature, forward-looking statements  involve numerous assumptions, known and unknown risks and  uncertainties, both general and specific, that contribute to the  possibility that the predictions, forecasts, projections in the  forward-looking statements will not occur, and that actual performance  and results in future periods may 

 differ materially from any estimates or projections of future  performance or results expressed or implied by such forward-looking  statements. 

 The Cushuro Gold Project, the Aripuanã Gold-Silver Project and the  Aripuanã Zinc Project and the land they relate to are exploration  properties only.  Accordingly, there are a number of important factors  that could cause Karmin's actual results to differ materially from  those indicated or implied by forward-looking statements and  information. Such factors include, among others, the timing and content  of work programs, results of the development of mineral properties, the  interpretation of drilling results and other geological data, the  uncertainties of resource and reserve estimates, receipt and security  of mineral property titles, receipt of licenses to conduct mining  activities, project cost overruns or unanticipated costs and expenses,  fluctuations in metal prices and general market and industry  conditions, changes in national and local government legislation,  taxation, controls, policies and regulations, the security of personnel  and assets, and political or economic developments in Canada, Peru and  Brazil, operating or technical difficulties in connection with mining  or development activities, employee relations, the speculative nature  of mineral exploration and development and the risks and hazards  associated with the business of mineral exploration, development and  mining, including environmental hazards, industrial accidents, unusual  or unexpected formations, pressures, cave-ins and flooding. 

 Karmin cautions that the foregoing list of material factors is not  exhaustive. When relying on Karmin's forward-looking statements and  information to make decisions, investors and others should carefully  consider the foregoing factors and other uncertainties and potential  events. Karmin has assumed a certain progression of events which may  not be realized. It has also assumed that the material factors referred  to in the previous paragraph will not cause such forward-looking  statements and information to differ materially from actual results or  events. However, the list of these factors is not exhaustive and is  subject to change and there can be no assurance that such assumptions  will reflect the actual outcome of such items or factors. 

 The forward-looking statements contained in this news release are made  as of the date of this news release. Readers should not place undue  importance on forward-looking information and should not rely upon this  information as of any other date. Except as required by law, Karmin  disclaims any intention and assumes no obligation to update or revise  any forward-looking statements, whether as a result of new information,  future events or otherwise. Additionally, Karmin undertakes no  obligation to comment on the expectations of, or statements made by,  third parties in respect of the matters discussed above. 

 The TSX Venture Exchange has not reviewed and does not accept  responsibility for the adequacy or accuracy of this news release. 

Karmin Exploration Inc.


CONTACT:  David BraceChief Executive OfficerEmail: [e-mail]: [phone]orJohn IannozziChief Financial OfficerEmail: [e-mail]: [phone] 


    

Copyright