Alberto Aurelio Arias Dávila Reduces Stake in Karmin Exploration Inc.

/FOR DISSEMINATION IN CANADA AND OVER CANADIAN NEWS SERVICES ONLY/

TORONTO, May 19, 2017 /CNW/ - On May 18, 2017, Alberto Aurelio Arias Dávila disposed of 7,500,000 common shares of Karmin Exploration Inc. ("Karmin") representing approximately 9.89% of the total issued and outstanding common shares of Karmin on an undiluted basis.

Prior to the disposition, Mr. Arias Dávila owned 15,000,000 common shares representing 19.78% of the issued and outstanding. Following the disposition, Mr. Arias Dávila now owns 7,500,000 Karmin Shares representing approximately 9.89% of the issued and outstanding Karmin Shares on an undiluted basis.

The common shares of Karmin are listed on the TSX Venture Exchange and the Lima Stock Exchange and trade in both markets under the symbol "KAR". The principal business of Karmin is to acquire, explore and develop resource properties. Karmin's head office is located at 199 First Canadian Place, 100 King Street West, Suite 5700, Toronto, Ontario M5X 1C7.

This news release is being issued as required by National Instrument 62-104  Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Further information (including a copy of the early warning report to be filed on SEDAR) can be obtained at www.sedar.com under Karmin's company profile or by contacting Mr. Arias Dávila, phone [phone] e-mail: [email protected].

The dissemination of this release in the United States or to any United States news service may constitute a violation of U.S. securities laws.

SOURCE Alberto Aurelio Arias Dávila

Mr. Arias Dávila, phone [phone], e-mail: [email protected]