Karmin Exploration Inc. (TSXV:KAR) acquired Cushuro property located in department of La Libertad in the Republic of Peru from Alberto Aurelio Arias Dávila for CAD 0.03 million on January 18, 2013. As part of consideration, Karmin Exploration issued its 135,000 shares to Alberto Aurelio Arias Dávila. As a result, Alberto Aurelio Arias Dávila now holds 25% stake in Karmin. Karmin shareholders approved the acquisitions of the Cushuro Mining Concessions in December 2011 by way of written consent. Adam A. Gutkin of Osler, Hoskin & Harcourt LLP acted as legal advisor for Karmin Exploration.

Karmin Exploration Inc. (TSXV:KAR) completed the acquisition of Cushuro property located in department of La Libertad in the Republic of Peru from Alberto Aurelio Arias Dávila on January 18, 2013.