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Highlights

Since January 2011, International Millennium Mining Corp., through its wholly owned Nevada subsidiary (together “IMMC”), has completed 28 holes totaling nearly 25,000 feet of diamond drilling. The holes are designed to delineate a mineralized zone that can be converted to a NI 43-101 compliant resource estimate. The drilling program has focused on a target area that lies between previously mined zones within the northeast-southwest trending Nivloc vein structure. The exploration target lies between the surface and the existing 800 ft level drift in the old mine workings. The 800 ft level is approximately 900 feet vertically below surface and the vein and workings dip from -45 to -65 degrees towards the northwest. Previous mining at Nivloc focused on high-grade lenses of ore that were encountered while drifting along this vein structure. The IMMC drilling program has identified several parallel to sub-parallel mineralized vein zones within the 150 foot wide structure. It appears, from available data, that only one of these vein zones was exploited by prior mining activity. In addition to the potential for high-grade lenses similar to those that were mined historically, the material between the lenses is consistently mineralized and the entire structure may have potential as a low grade, bulk mineable deposit 

Of the 28 holes completed to date, 24 have been successful in testing the Nivloc Structure, all of which intersected one or more silver-gold bearing quartz lenses. Hole NL11-21 contained the widest interval of mineralization encountered to date, 200.8 feet assaying 120 g/t Ag and 1.10 g/t Au, an interval which included one of the highest grade intersections to date: 4.5 feet of 731 g/t, Ag and 8.61 g/t Au Au (see table below for details).

Some other highlights are shown in the following table:

Maps

maps previously provided

Property Holdings

In September 2007, IMMC purchased a 100% interest in two mining properties near Silver Peak, Nevada for US$75,000 cash and 110,000 shares. The properties include three existing lode claims covering most of the historic Nivloc mine workings and six staked claims, together totaling approximately 180 acres (together the “Nivloc Claims”). On February 25, 2011, IMMC executed an Option and Joint Venture Agreement with Silver Reserve Corp. (“SRC”), pursuant to which IMMC acquired the right to purchase up to 85% interest, subject to 2% NSR royalty, in 18 lode claims (the “NL Extension Claims”) contiguous with and surrounding IMMC’s existing Nivloc Mine claims. The interest in the NL Extension Claims will be acquired by making cash payments of US$350,000 and by issuing 1,925,000 shares over a period of five years. Following IMMC’s acquisition and a positive feasibility study, SRC has the right to contribute to the development of the 27 claim Nivloc Mine property and retain a 15% interest therein, provided that it contributes 15% of the development expenditures. Failure by SRC to contribute 15% of the expenditures will result in dilution of its interests until reaching 10%, at which time it converts to a 2% NSR Royalty. 

In the Spring and Summer, 2011, IMMC increased the Nivloc Mine property size by staking a further 94 claims contiguous to the Nivloc Claims and the NL Extension Claims. Consequently, IMMC holds a 100% interest, subject to the terms and conditions of the SRC agreement, in 121 claims covering approximately 2,280 acres, certain claims of which are transected by a county road and power poles with lines, that end at the historic 16 to 1 mine, which was last operated by Sunshine Mines in the late 1980’s and is located approximately 1.5 miles from the Nivloc Mine workings.