(Source: MARKET WIRE)EXMIN Resources Inc. (EXMIN) (TSX VENTURE: EXM) is pleased to announce that it has signed a letter agreement with Quaterra Resources Inc. (TSX VENTURE: QTA)(AMEX: QMM) (Quaterra) to joint venture EXMIN's East Durango Property, Mexico. The East Durango property consists of the 11,181-hectare Tecolote concession which is 100%-owned by EXMIN's Mexican subsidiary, EXMIN SA de CV. EXMIN's Tecolote concession abuts and is directly north of Quaterra's Mirasol-Americas projects, which are adjacent to the east boundary of Hecla Mining's San Sebastian Project.

Under the terms of the agreement, Quaterra can earn a 75% interest in the East Durango property by spending $500,000 U.S. in exploration plus annual payments to EXMIN that total $100,000 U.S. over a four-year period.

According to Tom Turner, Quaterra's Manager of Mexican Exploration, "This acquisition allows Quaterra to consolidate a large strategic land block in the center of the Mexican Silver Belt, a mining-friendly area of past and present silver and gold production with excellent infrastructure."

Karl Boltz, Co-founding President, CEO and Director of EXMIN, stated, "We are pleased to be able to participate in a joint venture with a quality company like Quaterra. Exploration activity in this part of Mexico is booming after several major discoveries in the past few years. EXMIN positioned itself in this area in 2006, by staking the Tecolote concession over a known exploration target."

The Target

The East Durango project is located in the center of the Mexican Silver Belt, one of the most active exploration areas in Mexico due to major discoveries such as Penasquito and the nearby ECU property. The property was explored in the 1990's by Laminco and its joint venture partner, Carlin Gold. These companies identified large geochemical soil anomalies for gold, as well as the indicator elements arsenic, antimony and mercury, in an area with geologic characteristics similar to the sedimentary rock hosted gold deposits of Nevada. EXMIN performed reconnaissance mapping and sampling of the property in late 2006.

About Quaterra

Quaterra Resources Inc. is a junior exploration company, listed on the TSX-V (QTA) and AMEX (QMM), focused on making significant mineral discoveries in North America. The Company uses in-house expertise and its pipeline of consultants, prospectors and industry contacts to identify, acquire and evaluate prospects in mining-friendly jurisdictions with the potential to host large and/or high-grade base, precious metal or uranium deposits.

About EXMIN

EXMIN Resources Inc. (EXMIN) is currently focused on the exploration and development of precious metal properties of exceptional merit in the Sierra Madre gold belt of Northwestern Mexico as well as in other highly mineralized areas of Mexico.

Dr. Craig Gibson, PhD., Certified Professional Geologist, and Executive Vice President of Exploration is the authorized professional geologist for the Company and the direct manager of all technical programs and information.

Note: EXMIN Resources Inc. (EXMIN) has taken all reasonable care in producing and publishing information contained in this news release. Material in this news release may still contain technical inaccuracies, omissions or typographical errors, for which EXMIN assumes no responsibility. This news release may include certain "forward-looking statements" including but not limited to comments regarding predictions and projections. All statements, other than statements of historical fact, included in this news release, including, without limitation, statements regarding potential mineralization, exploration results, and future plans and objectives of EXMIN, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in documents filed from time to time with the regulatory authorities.

The TSX Venture Exchange has not reviewed this release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: EXMIN Resources Inc.