GobiMin Announces Discovery at its Yanxi Copper Project, Hami, China



    TSX-V: GMN

    TORONTO, Aug. 25 /CNW/ - GobiMin Inc. ("GobiMin" or the "Company") is
pleased to announce the results of the first drilling program on the Yanxi
Copper Property located about 115 km south of the city of Hami in eastern
Xinjiang Uygur Autonomous Region, China.
    The Yanxi Property is centered at about 92 degrees 28' East and
42 degrees 05' North and has an area of 21.67 hectares. The property lies
within an east-west belt of porphyry copper deposits that include the Tuwu and
Yandong deposits. Mineralization is mainly within an east-west striking
dike-like body of porphyritic granitic rocks that varies in thickness up to
about 200 m thick. The granitic rocks intrude Carboniferous age clastic,
volcaniclastic and volcanic rocks. At a minimum cut-off grade of 0.5% copper,
mineralization presently outlined has a strike length of about 1,000 m, has
been tested to a depth of about 600 m below the surface and is up to 70 m
thick. Mineralization does not crop out on the Yanxi exploration license
because of the presence of flat-lying Jurassic arenitic rocks that vary in
thickness up to about 100 m but are typically thinner than that. The deposit
dips south at about 70 degrees.
    The first drilling program consisted of 27 diamond drill holes using
75 mm diameter drill cores for a total of 10,932 meters and has recently been
completed. Fifteen holes were drilled with a spacing of 200m x 100m while the
others were drilled with 400m x 200m spacing. Most of the drilling focused on
six sections on the eastern side of the property. Significant results of the
diamond drilling are listed in the table below.

    
    -------------------------------------------------------------------------
       Significant Diamond Drill Intersections, Yanxi Copper Property
    -------------------------------------------------------------------------
    Hole ID                     From (m)     To (m)    Length (m)     Cu%

    -------------------------------------------------------------------------
    ZK6301                       185.36      211.00      25.64        0.68
    -------------------------------------------------------------------------
    ZK6302                       147.40      159.66      12.24        0.68
    -------------------------------------------------------------------------
    ZK6303                       156.14      168.46      12.32        0.86
    -------------------------------------------------------------------------
    ZK6304                        81.47      116.90      35.43        0.52
    -------------------------------------------------------------------------
    ZK6305                       250.25      260.73      10.45        0.63
    -------------------------------------------------------------------------
                                 332.42      396.70      64.28        0.92
    -------------------------------------------------------------------------
                                 532.40      555.03      22.63        0.67
    -------------------------------------------------------------------------
    ZK6306                        39.18       63.86      24.68        0.88
    -------------------------------------------------------------------------
    ZK6307                       546.14      550.85       4.71        2.17
    -------------------------------------------------------------------------
    ZK7102                       129.08      142.74      13.66        0.65
    -------------------------------------------------------------------------
                                 158.67      191.43      32.74        0.92
    -------------------------------------------------------------------------
    ZK7103                        71.78      102.98      31.20        0.87
    -------------------------------------------------------------------------
    ZK7104                       242.52      311.22      68.70        0.94
    -------------------------------------------------------------------------
    ZK7105                       296.60      305.32       8.72        0.67
    -------------------------------------------------------------------------
                                 343.14      419.71      76.57        0.64
    -------------------------------------------------------------------------
    ZK7901                       212.38      250.24      37.86        0.86
    -------------------------------------------------------------------------
    ZK7902                       160.33      182.33      22.00        0.79
    -------------------------------------------------------------------------
    ZK7903                       256.46      314.54      58.08        1.03
    -------------------------------------------------------------------------
    ZK7905                       387.43      395.80       8.37        0.61
    -------------------------------------------------------------------------
                                 420.07      433.85      13.78        0.53
    -------------------------------------------------------------------------
    ZK8703                       209.13      230.43      19.10        0.81
    -------------------------------------------------------------------------
    ZK8704                       291.43      313.78      22.35        0.69
    -------------------------------------------------------------------------
    ZK9501                       277.60      301.53      23.93        1.01
    -------------------------------------------------------------------------
                                 329.26      336.86       7.60        0.97
    -------------------------------------------------------------------------
    ZK9502                       107.93      113.89       5.96        2.68
    -------------------------------------------------------------------------
    

    Work on the Yanxi Copper Property was carried out by the No. 1 Geological
Exploration Brigade of Xinjiang ("Brigade No. 1"). Copper analysis is carried
out at the Brigade No. 1's headquarters near Shanshan in Xinjiang. The Brigade
No. 1's laboratory is licensed with a Metrology Accreditation Certificate
issued by the Quality and Technology Supervision Bureau of the Xinjiang Uygur
Autonomous Region. No reference samples or blanks are included in the sample
stream in the field. The laboratory repeats 10% of the assays internally and
sends 5% of the samples to an independent laboratory run by the Bureau of
Geological Exploration of Xinjiang and located in Urumqi. The Bureau
laboratory in Urumqi is also a licensed laboratory.
    GobiMin is encouraged by the impressive results and especially in the
grade, the continuity, the thickness of the lenses and the shallow depth of
the mineralization. Another drilling campaign of 4,600 meters is planned
before the end of this year to test the western extension as the
mineralization is open both along the strike to the west as well as at depth.
The location of the property in proximity of the city of Hami and GobiMin's
other properties will benefit from the Company's resources and infrastructures
in the area.
    The Yanxi Copper exploration license was granted on November 26, 2007 to
a Chinese joint venture held as to 40% by GobiMin, with two local partners
each holding a 30% interest.
    GobiMin has retained Scott Wilson Roscoe Postle Associates Inc. (Scott
Wilson RPA) to prepare an initial NI 43-101 compliant Mineral Resource
Estimate for the Yanxi Copper Property.
    Mr. Neil N. Gow, P.Geo. an Associate Consulting Geologist with Scott
Wilson RPA has visited the property and reviewed the exploration data
assembled by the Joint Venture. He is the Qualified Person for this release as
defined under NI 43-101 and has reviewed and approved this press release.

    About GobiMin Inc.

    GobiMin is a junior mining company with nickel/copper sulphide operations
and development properties in northwestern China. Through its subsidiaries,
Xinjiang Yakesi Resources Co. Ltd. and Hami Jubao Resources Co. Ltd., GobiMin
controls three concessions, within a 10-kilometre radius, totaling
455 hectares. In operation since 1999, GobiMin currently operates two
underground mines (Yellow Mountain East and Xiangshan) and is also currently
developing its Yellow Mountain nickel/copper deposit. The Yellow Mountain
project is an intrusive complex 3.9 km long, 600 m thick on west side and 55 m
on east side, which extends at least 1,500 m below surface. GobiMin's common
shares are traded on the TSX Venture Exchange under the symbol GMN.

    FORWARD-LOOKING STATEMENTS AND RISK FACTORS

    The release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond the Company's ability to control or predict which could cause actual
events or results to differ materially from those anticipated in such
forward-looking statements. These risks include, but are not limited to, those
associated with our capacity to finance our activities, the price of minerals
and other commodities, reliance on subcontractors and key personnel, and other
risks and uncertainties detailed from time-to-time in our filings with the
Canadian securities commissions.
    Readers should not place undue reliance on forward-looking statements,
given that (i) our actual results could differ materially from a conclusion,
forecast or projection in the forward-looking information, and (ii) certain
material factors or assumptions which were applied in drawing a conclusion or
making a forecast or projection as reflected in the forward-looking
information, could prove to be inaccurate. Additional information about (i)
the material factors that could cause actual results to differ materially from
the conclusion, forecast or projection in the forward-looking information, and
(ii) the material factors or assumptions that were applied in drawing a
conclusion or making a forecast or projection as reflected in the
forward-looking information, is contained in the Company's annual report and
other documents filed from time to time with the Canadian securities
commissions and which are available at www.sedar.com.

    
    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.

    To receive GobiMin press releases by email, please send a message to
    info@gobimin.com and specify "GobiMin press releases" on the subject
    line.
    

    %SEDAR: 00009152E




For further information:

For further information: James Xiang, Chief Financial Officer, GobiMin
Inc., Tel: (416) 915-0133, james@gobimin.com, www.gobimin.com

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