Karmin Exploration Inc. reported 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 very extensive 2016 work program at Aripuanã continues with the following activities; Seven surface drill rigs have been operating for several months with the objective of completing approximately 22,000 metres of diamond drilling during 2016. The primary target has been the “LINK ZONE” that lies between the AREX and AMBREX zones. The latter two zones contain 19.1 million tonnes of measured and indicated resources and 14.7 million tonnes of inferred resources. To date, over USD 50 million has been spent by Karmin's partners on developing Aripuanã including the completion of approximately 165,000 metres of drilling in over 500 diamond drill holes of which over CAD 15 million has been spent during the past 3 years. As previously reported, Karmin has engaged RPA Inc. to update the Mineral Resources and prepare a Technical Report at Aripuanã in accordance with the requirements set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Karmin anticipates that RPA Inc. will complete this work early in 2017 which will include the results of the drilling on the LINK ZONE. Engineering studies conducted by Worley Parsons Ltd. and other consultants, retained by Karmin's partners, have been evaluating capital cost estimates and mine plans, assessing portal development for mine access, flow sheet optimization, tailings disposal, road conditions, bridge requirements, transmission line trade offs and concentrate shipment routes. Social and environmental work has included acquisition of land required for mine site development, updates for an environmental impact study, indigenous peoples studies and archaeological evaluations.