GobiMin Updates Resource Estimates at Sawayaerdun Gold Project

TSX-V: GMN

TORONTO, April 17, 2014 /CNW/ - (TSXV:GMN): GobiMin Inc. ("GobiMin" or the "Company") is pleased to announce the updated resource estimates prepared by RungePincockMinarco ("RPM") for the Sawayaerdun Gold Project. Mineral Resources contained within the Project have been independently estimated by RPM and based on data collected by the Company as at January 31, 2014. The new resources have been estimated using results from 276 surface diamond drill holes for a total of 89,642 m plus adits and trenches. The exploration results of 2013 has further increased the confidence and understanding of the mineralization and thus provide more reliable data for the mining plan. A copy of the full technical report that includes the NI 43-101 resource statement has been posted by GobiMin on SEDAR at www.sedar.com and the Company website at www.gobimin.com.

The current resource estimates are as follow:

Table 1 Estimated Mineral Resources, January 31, 2014 ("Mineral Resources")

Project Brief
The Sawayaerdun Gold Project is located in the Xinjiang Uygur Autonomous Region of the People's Republic of China, immediately adjacent to the international border with Kyrgyzstan. Urumqi, the capital of Xinjiang is approximately 1,000 km northeast of the property with the nearest major centre being the city of Kashi located 200 km southeast. The Project is contained within one exploration licence and one mining licence.

Mineralisation
Mineralisation is separated into two main areas, a western zone and an eastern zone, known as "Zone IV" and "Zone I" respectively, which form two distinct mineralised zones. Both areas contain multiple veins or mineralised bodies which have strike and dip extensions however all strike NE-SW, crosscut the stratigraphy at a low angle and generally dip steeply (60° to 80°) to the northwest. The bulk of the currently defined mineralisation is contained within two very continuous mineralised bodies, one in Zone IV and one in Zone I.

Exploration
A significant number of surface trenches and diamond drill holes as well as numerous underground channel samples have been undertaken on the Project over four phases of exploration between 1994 and 2013. No mining has been undertaken on the Project to date. The latest drilling occurred in 2013 and consisted of 13 surface diamond drill holes aimed at defining down dip continuity of the main zone and the controls on mineralisation. This drilling resulted in a re-interpretation of the geology and definition of depth extensions of a continuous high grade zone within the Zone IV mineralisation.

About GobiMin
GobiMin owns a 70% equity interest in Xinjiang Tongyuan Minerals Ltd. for the development of the Sawayaerdun Gold Project in Xinjiang, China. GobiMin also owns a 40% interest each in three other exploration companies in Xinjiang and a 3.5% equity interest in the Yanxi Copper Deposit.   In addition, the Company also holds a 48.02% equity interest in a silver operation.

GobiMin is aggressively seeking opportunities to acquire high quality mining and exploration projects.

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management of GobiMin. The readers are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information.  Forward looking information includes without limitation, statements regarding the size and quality of the Company's mineral resources, progress in development of mineral properties, the prospective mineralization of the properties, and planned exploration programs. The readers should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate.  These statements speak only as of the date they are made, and GobiMin assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

"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."

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SOURCE GobiMin Inc.