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JIM

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Share Name Share Symbol Market Type
TSXV:JIM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Jiminex Inc. Phase Two Drilling Begins at Pickle Lake, Ontario Property

26/09/2012 2:01pm

Marketwired Canada


James R. B. Parres, Chief Executive Officer, of Jiminex Inc. (TSX VENTURE:JIM)
is pleased to report that a phase two 1,800 metre diamond drilling program has
commenced on the Misehkow River property, Pickle Lake region, Ontario, Canada.
The focus of the drilling will be in two areas: at the 2011 gold zone drill
discovery having a weighted average of 18.3 g/t gold over 2.4 m; and, at the
yet-untested Target 2 high priority area located 4 km west as recommended by
geophysical consultants Condor Consulting Inc. Mr. Parres comments "We have two
excellent gold target areas to continue our drill exploration at Misehkow River.
The gold zone discovered by our 2011 drill program presents an opportunity
expand this mineralization. Geophysical Target 2 has been enhanced by the
geological mapping done this summer and we are currently drilling at this
location with a good possibility of discovering a new separate gold zone." The
management of Jiminex Inc. is presently investigating further financing
opportunities in order to fund continued exploration at the Northern Eagle
property, Hemlo region, Ontario and at the Parres property, Snow Lake mining
camp, Manitoba.


The Jiminex Inc. Board of Directors are pleased to announce the shareholder
election of Gary L. Billingsley, CA, P.Eng., P.Geo. as an independent director
at the annual meeting September 18, 2012. Mr. Billingsley is currently the
Executive Chairman of Great Western Minerals Group Ltd., Saskatoon, Saskatchewan
and has extensive mining and exploration company corporate and technical
management experience. Mr. Billingsley replaces Mr. G. Michael Newman who
withdrew his nomination for election to the Board prior to the annual meeting.


Jiminex Inc. was listed as a resource company on the TSX venture exchange in
2009 and is focused on gold exploration in Canada. The Company acquired three
high potential properties located in three well-known mining camps. The
100%-owned Misehkow River property is sited in the Pickle Lake gold mining
region of Ontario near to the Pickle Crow Project of PC Gold Inc. and in the
same general region as the Musselwhite Mine currently being mined by Goldcorp
Inc. Misehkow River presents an opportunity to possibly locate more than one
gold deposit within a large target area. The Northern Eagle property is located
in the Hemlo gold mining camp, Ontario close to the 22 million ounce Hemlo
deposit being mined by Barrick Gold Corp. The property is considered one of the
best target areas in which to locate another Hemlo-style gold deposit and
Jiminex has earned a 50% interest from Beaufield Resources Inc. The 100% owned
Parres and Parres Two properties are located in the Snow Lake copper-zinc and
gold mining camp of Manitoba where the major Lalor Lake copper-zinc and gold
deposit discovery of HudBay Minerals Inc. is actively being explored and
developed. 


Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the
qualified person responsible for the geotechnical content of the Company's
public information.


If you would like to be added to Jiminex's news distribution list, please send
your name (optional) and email address to info@jiminex.com.


FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that are subject to
known and unknown risks and uncertainties that could cause actual results to
vary materially from targeted results. Such risks and uncertainties include
those described in the Company's periodic reports including the annual report or
in the filings made by the Company from time to time with securities
regulations. The Company undertakes no obligation to publicly release the result
of any revision of these forward-looking statements to reflect events or
circumstances after the date they are made or to reflect the occurrence of
unanticipated event.


Shares outstanding: 47,152,912

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