Jiminex Inc. announces appointment of new Chief Financial Officer and change of auditor



    PASS LAKE, ON, Oct. 31 /CNW/ - Jiminex Inc. (the "Corporation") (TSXV -
JIM.P), a capital pool company, is pleased to announce the appointment of
Mr. David Chan as the new Chief Financial Officer ("CFO") for the Corporation.
    Mr. Chan is a Certified General Accountant ("CGA") in Canada and a member
of the Hong Kong Institute of Certified Public Accountants. Since obtaining
his CGA designation in 1990, Mr. Chan has engaged himself in various
management accounting and finance related positions for various public and
private corporations. Currently and since 2006, Mr. Chan is Chief Financial
Executive of PointOne Graphics Inc., a mid-sized Ontario based private
printing company, overseeing a wide range of activities, including project
feasibility study, equipment financing, reporting and forecasting. Other than
his professional designations, Mr. Chan also holds a Bachelor degree in
Business Administration from the Chinese University of Hong Kong.
    Mr. Chan has been recently engaged to provide accounting services to
Jiminex on a part time consulting basis. It is expected that Mr. Chan will
continue on a part-time consulting basis and that the duties for which he will
receive consulting fees will include matters related to the CFO role.
Management is pleased with this development which will see an individual with
formal accounting training taking on the role of CFO.
    The Corporation also announces that it has changed its auditors effective
October 7, 2008. The Corporation has filed a Notice of Change of Auditor on
SEDAR in accordance with Part 4 of National Instrument 51-102 - Continuous
Disclosure Obligations ("NI51-102"). The Notice sets out that the Corporation
has changed its auditor from Buset Sarvas LLP, Chartered Accountants to
Collins Barrow Toronto LLP, Chartered Accountants. Collins Barrow Toronto LLP
will perform the audit of the Corporation's annual financial statements for
the year ended October 31, 2008.
    There have been no reservations in the Corporation's auditor's reports
for the most recent fiscal years and any period subsequent to the most
recently completed period prior to effective date of the change of auditor.
Nor has there been any reportable events, as that term is defined in NI
51-102.
    Both Buset Sarvas LLP, Chartered Accountants and Collins Barrow Toronto
LLP, Chartered Accountants have provided the Corporation with written
confirmation of the information contained in the Notice of Change of Auditor."

    
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
    





For further information:

For further information: James R.B. Parres, President and Chief
Executive Officer of Jiminex Inc., Phone: (807) 977-1679

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JIMINEX INC.

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