Hochschild Mining plc Acquires Moris Mine in Chihuahua, Mexico

December 10, 2006

Hochschild Mining plc (“Hochschild Mining”) announces that the joint venture between Minera Hochschild Mexico, S.A. de C.V. (“MHM”), a wholly-owned subsidiary of Hochschild Mining, and EXMIN Resources Inc. (EXM:TSX-V) has exercised its option to purchase the Santa Maria de Moris mine (“Moris”) in Chihuahua, Mexico, pursuant to the terms of the contract signed with Minera Moris, S.A. de C.V., on 30 June 2006.

Moris is expected to produce silver and gold. For more information on the terms of the contract please see section 12.3.4 of the 3 November 2006 Prospectus. The total purchase price of Moris is $6,000,000 plus VAT, of which $1,500,000 plus VAT has already been paid. Hochschild Mining will now pay the balance of $3,150,000 plus VAT, which corresponds to its 70% ownership interest in the project. In addition, by way of a $1,350,000 private placement, MHM has acquired 2,926,188 common shares of EXMIN at a price of C$0.53 per share. The proceeds of this transaction will allow EXMIN to fund its 30% share of the purchase price of Moris.

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