Karmin Exploration Inc. report significant progress at the Aripuanã Zinc Project located in north-western Brazil. Karmin has a 30% carried interest in Aripuanã until 12 months after the delivery of a feasibility study. The diamond drilling program continues at Aripuanã where approximately 21,500 metres were drilled in 71 holes during 2015.

The focus of this drilling was to upgrade the resources in both the Arex and Ambrex deposits as well as exploring the Link Zone which lies between the two principal deposits. A further 22,000 metres of drilling is planned for 2016. To date, over USD 50 million has been spent on developing Aripuanã including the completion of approximately 165,000 metres of drilling in over 500 diamond drill holes.