Evrim Resources Signs Two Option Agreements with Inmet Mining

Evrim Resources Corp. (TSX VENTURE:EVM) has announced two option agreements with Inmet Mining Corporation whereby Inmet may acquire a 60% interest in Evrim's Cumobabi and Suaqui Verde projects in Sonora, Mexico.

Under the terms of the agreements, Inmet will conduct C$5,000,000 in exploration and make cash payments totaling C$250,000, over a five-year period on each of the properties.

The Cumobabi project is a 364 km² project surrounding the past producing Cumobabi porphyry molybdenum-copper mine owned by Grupo Mexico and Minera Frisco, and covers extensive portions of the Cumobabi breccia district. Work conducted by Evrim's predecessor uncovered the Potreritos breccia adjacent to a 10 km² magnetic and gravity low anomaly with associated anomalous copper geochemistry in stream sediment samples. The project area has seen little systematic exploration, except for focused work on the Potreritos breccia. Drilling highlights from Potreritos include 26 metres grading 0.55% copper and 4 g/t silver (drill hole POT-DD-001), and 9.15 metres grading 2.65% copper and 21 g/t silver (drill hole POT-RC-01).

The Suaqui Verde project covers 55 km² of ground adjacent to the privately owned Suaqui Verde copper oxide resource. On Suaqui Verde's eastern margin, an untested 500 x 500 metre greater than 1000ppm copper soil anomaly covers the possible extension to the mineralized resource area. On the property's western margin, intensely altered and oxidized stockworks of quartz monzonites and potassic and phyllic altered andesites occur over 500 metres in an east-west orientation and correspond with a greater than 1000ppm copper soil anomaly. Historic drilling a further 200 metres to the east returned 95 metres grading 0.14% copper, 0.03g/t gold (drill hole ASDD-02) in strongly potassic altered andesites and monzonites before intersecting a fault and ending in post-mineral volcanic rock.

Paddy Nicol, President of Evrim commented, "We are very pleased to have a global producer such as Inmet for an exploration partner, which attests to the quality and potential of our projects. We will continue to leverage our expertise to evaluate and generate new discovery opportunities for prospective joint venture partners, thereby enhancing shareholder value."