Karmin Exploration Inc. announced that the Preliminary Licence to develop Aripuanã Zinc Lead Copper Silver Project (“Aripuanã”) has been granted by the Environmental authorities of the State of Mato Grosso, Brazil (SEMA/MT) after the approval by the Environmental State Council (CONSEMA) in a session held on April 25, 2018. The Preliminary Licence certifies that Aripuanã complies with the requisite environmental regulations and is an important milestone in the development of Aripuanã. Karmin has a 30% carried interest in Aripuanã and is not required to contribute to the project costs until one year after the completion of a feasibility study and notification from Nexa Resources S.A. (“Nexa”) that the development of Aripuanã will proceed. Nexa directly and indirectly owns 70% of Aripuanã.