North Vancouver, BC: International Millennium Mining Corp. (the “Company”) announces it has closed its non-brokered private placement of 2,650,000 units (450,000 flow-through units and 2,200,000 non-flow-through units) for total cash proceeds of $185,500. The units are priced at $0.07 per unit, with each flow-through unit comprised of one (1) flow-through common share and one half (½) non-flow-through, non-transferable share purchase warrant, and each non-flow-through unit comprised of one (1) common share and one half (½) non-transferable share purchase warrant. Each full warrant will entitle the holder to purchase an additional share for $0.10 if exercised on or before September 17, 2011. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending January 19, 2010. The placement has TSX Venture Exchange acceptance subject to final documentation. No finder’s fees or commissions have been paid with respect to this placement.
The Company will use the proceeds of the private placement for exploration work on the Company’s Harrison Lake properties and for working capital.
About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits world-wide and in the exploration of polymetallic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. The Company’s common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.
ON BEHALF OF THE BOARD
“John A. Versfelt”
John A. Versfelt
President and CEO
Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting:
Lindsay Malcolm
604-569-2508
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Wayne Meredith
604-569-2509
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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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
