International Millennium Mining Corp. has agreed, subject to regulatory acceptance, to settle C$28,200 of debt owing to a geological services provider to the Company by the issuance of shares at $0.30. The transaction is arms-length, does not form part of any other material change and will not result in a change of control or create a new control person. Shareholder approval of the issuance of the shares contemplated by this transaction, is not required.
North Vancouver, B. C., – July 24, 2007 - International Millennium Mining Corp. (the "Company") has agreed, subject to regulatory acceptance, to settle C$28,200 of debt owing to a geological services provider to the Company by the issuance of shares at $0.30. The transaction is arms-length, does not form part of any other material change and will not result in a change of control or create a new control person. Shareholder approval of the issuance of the shares contemplated by this transaction, is not required.
Shares issued pursuant to the debt settlement agreement will be issued subject to a four month hold period as required by regulation.
On Behalf of the Board,
“John A. Versfelt”
President & CEO
