JIMINEX INC. ANNOUNCES DRILLING FOR HEMLO, ONTARIO GOLD PROJECT

Shares outstanding: 28,510,116
www.jiminex.com

PASS LAKE, ON, Oct. 27 /CNW/ - James R. B. Parres, President & CEO of Jiminex Inc. is pleased to report that a phased drilling program will begin the week of November 1, 2010 on the Northern Eagle Gold Property, Hemlo gold region, Ontario.  Bodnar Drilling Ltd. of St. Rose du Lac, Manitoba has been contracted for the first phase which will drill test several of the high priority Titan 24 geophysical targets recommended by Quantec Geoscience Ltd.  Mr. Parres comments "Jiminex management and that of Beaufield Resources Inc., from which Jiminex is earning a 50% interest, are very excited about drill testing the Titan 24 targets.  We believe our property to be one of the best targets in the Hemlo region for another discovery of Hemlo-style gold mineralization. The Titan 24 survey shows that many untested drill targets exist on the Northern Eagle property at depth and where gaps occur in the historical drilling.  Our exploration strategy is also supported by the fact that there is no greenstone belt worldwide with only one gold deposit, and we hope our drilling programs will locate a neighboring gold mine to Barrick's nearby Hemlo operation."

Jiminex Inc. was listed as a junior resource company on the TSX venture exchange in late August 2009 and is focused on gold exploration in Canada. The Company has acquired three high potential gold properties located in three separate well-known gold and copper-zinc mining camps.  The Northern Eagle property is located in the Hemlo gold mining camp, Ontario close to the 21 million ounce Hemlo gold deposit currently being mined by Barrick Gold Corp. This property is considered one of the best target areas in which to locate another Hemlo-style World-Class gold deposit and Jiminex is earning a 50% interest from Beaufield Resources Inc.  The 100%-owned Misehkow River property is located in the Pickle Lake gold mining region of Ontario near to the Pickle Crow Project of PC Gold Inc. and in the same general region as the Musselwhite Mine currently being mined by Goldcorp Inc. Misehkow River presents an opportunity to locate significant iron formation hosted gold deposits over a large target area of approximately 30 kilometres.  The 100% owned Parres and Parres Two properties are located in the well-known Snow Lake copper-zinc and gold mining camp of Manitoba where the major new Lalor Lake copper-zinc and gold deposit discovery of HudBay Minerals Inc. is actively being explored and developed. 

Allan J. Willy, P. Eng., VP Exploration & Director of Jiminex Inc. is the qualified person responsible for the geotechnical content of the Company's public information.

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FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated event.

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.

For further information:

Jim Parres, President & CEO
Phone: [phone]
Fax:    [phone]
Email:      [email protected]
Website:  http://www.jiminex.com