Paul VanEeden Exmin Resources EXM-X COMMENT Jul 19, 2006

Early-stage and cheap. Very large property position in Western Mexico. Upside potential is very significant. A pure “roll the dice” exploration play. High-risk/high reward. Very highly speculative.

Merging with Lundin Mining (LUN-T) to create a mid-tier copper/zinc mining company. Lundin brings in a couple of operating mines as well as an extraordinary range of international projects.

Have some very substantial exploration silver/gold projects in Mexico. Have been effective in bringing joint venture partners in. One project is very close to production. Has been held back by warrants being exercised. That is now out of the way.