/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO,
Oct. 23, 2012 /CNW/ - At the request
of Investment Industry Regulatory Organization of Canada, the national self-regulatory
organization which oversees all investment dealers and trading
activity on debt and equity marketplaces in Canada, Karmin Exploration Inc.
("Karmin") (TSXV and the Lima Stock Exchange: KAR) confirms
that it is not aware of any material undisclosed developments or
information that would give rise to today's market trading activity
of Karmin's shares.
About Karmin
The common shares of Karmin are listed on the TSX Venture
Exchange and the Lima Stock Exchange and trade in both markets
under the symbol "KAR". The principal business of Karmin is to
acquire, explore and develop resource properties.
Karmin owns 30% of the Aripuanã Zinc Project, one of the ten
largest undeveloped zinc projects in the world. The Aripuanã Zinc
Project covers an 820 square kilometre mineralized massive-sulphide
district that includes five areas of mineralization (Ambrex, Arex,
Babacu, Massaranduba and Mocoto) over a 25-kilometre strike length.
Votorantim owns 70% of the Aripuanã zinc project, but is
responsible for 100% of the project costs until the completion of a
bankable feasibility study.
Karmin owns 100% of the Aripuanã Gold 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 100% of the 25-square-kilometre Cushuro Gold Project
located in the world-class Alto Chicama gold-mining district of
northern Peru.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Karmin Exploration Inc.