Karmin Exploration fka KAR

[MWM]

KARMIN ANNOUNCES SIGNIFICANTLY INCREASED GRADES AT ARIPUANÃ IN UPDATED NI 43-101 RESOURCE ESTIMATE

Toronto, Ontario, March 6, 2017 – Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) is pleased to announce the filing of a technical report (the “Report”) which supports the updated mineral resources located at Karmin’s 30% owned Aripuanã Zinc-Lead-Silver Project (“Aripuanã”). The Report was prepared by RPA Inc. (“RPA”) and summarizes the results of significantly increased grades of zinc, lead and silver including 18.6 million tonnes of measured and indicated mineral resources (zinc grade +31%, lead grade +40%, silver grade +39%) plus 15.5 million tonnes of inferred mineral resources (zinc grade +12%, lead grade +20%, silver grade +30%). The increases in grades are compared to those reported in Karmin’s press release dated February 21, 2013. The updated mineral resources were estimated by Votorantim Metais (“Votorantim”) and reviewed by RPA.