Canadian International Minerals Extends and Reprices Warrants

Trading Symbol CIN-TSX.V

VANCOUVER, Aug. 31, 2012 /CNW/ - Canadian International Minerals Inc. (the "Company") (TSXV: CIN) announces that the Company has arranged to amend the terms of the following warrants:

• Warrants issued on September 16, 2010, with an original expiry date of September 16, 2012.  There are currently 3,447,000 warrants outstanding, each warrant exercisable into one common share of the Company at a price of $0.20 per share.  Subject to the acceptance of the TSX Venture Exchange, the new expiry date of the warrants will be September 16, 2015 and the exercise price of the warrants will be changed to $0.10 per share.
  
  
• Warrants issued on September 23, 2010, with an original expiry date of September 23, 2012.  There are currently 1,565,000 warrants outstanding, each warrant exercisable into one common share of the Company at a price of $0.20 per share.  Subject to the acceptance of the TSX Venture Exchange, the new expiry date of the warrants will be September 23, 2015 and the exercise price of the warrants will be changed to $0.10 per share.

ON BEHALF OF THE BOARD

Michael E. Schuss
President and Chief Executive Officer

For further information on Canadian International Minerals Inc., please visit the Company website at www.cdnintlminerals.com.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

SOURCE: Canadian International Minerals Inc.

CANADIAN INTERNATIONAL MINERALS INC.
Suite 1130 - 789 West Pender Street
Vancouver, BC, V6C 1H2
Tel: [phone]    Fax: [phone]
www.cdnintlminerals.com