Femin Inc.
Femin Inc.: FEMIN INC. PROVIDES UPDATE ON DRILLING PROGRESS AND NI-43-01 TECHNICAL REPORT Independent consultant to provide third party opinion on iron ore resource
Femin Inc. / Key word(s): Miscellaneous 03.11.2011 / 10:03 --------------------------------------------------------------------- Toronto ON - October XX, 2011- Femin Inc. (FRA-FJM) ('Femin')-reported today that the company to date has completed over 5,200 of its 6,500 meter diamond drilling program as previously announced in its News Release. The independent 'Qualified Person' (QP) from Watts, Griffis and McOuat,has been to the Febra Project site and has established all the necessary QAQC (quality assurance/quality control) procedures to ensure an accurate NI 43-101 report. The NI 43-101 Technical Report (http://en.wikipedia.org/wiki/National_Instrument_43-101) is a document prepared by a QP, who is a third party/independent consultant qualified by the rules of NI-43-101. Among other things, the report will provide the QP's independent opinion of the resource on the property based on the amount of drilling competed and assayed to the date of the report. The report will be based on just 6500 metres of drilling and therefor will only cover the drilled portion. Over the next year Femin plans to do a further drill program of between 15,000 and 20,000 metres to cover the entire deposit. The NI-43-101 Technical Report is the industry standard way of measuring and communicating information on resources deposits. The final report will be available after the current drilling is completed and the core samples have been assayed by the QP. Femin's management does not foresee any current circumstances that would impede the completion of the drilling and issuance of the NI 43-01 report in this calendar quarter. ** END OF PRESS RELEASE ** About Femin Inc. Femin Inc. is a mineral exploration and development company located in Toronto, Canada. The Company was established in 2010 and its primary focus is the Febra Iron Project, which is a substantial iron deposit located in the State of Bahia, Brazil. Femin's management team has extensive experience in the exploration and development of mineral deposits all over the world. Femin Inc.'s shares (Wkn: A1H50Q / ISIN: CA31502Y1034) are listed for trading on the Frankfurt Stock Exchange, Open Market. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Femin Inc. as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Femin Inc. 2500 - 120 Adelaide Street West, Toronto/Canada, M5H 1T1 For further information, please contact: Alexander Stewart, CEO Phone: (416) 644-1179 E-mail:astewart@femin.ca Stephen Stewart, VP Phone : (416) 644-1179 Email : sstewart@femin.ca Homepage: www.femin.ca End of Corporate News --------------------------------------------------------------------- 03.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 144573 03.11.2011
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