International Millennium Closes $790k Private Placement & Gears-up to Drill Test Nivloc Silver/Gold Targets

North Vancouver, BC:  Further to the International Millennium Mining Corp. (the “Company”) (TSX-V: IMI) announcement of October 7, 2010, the Company has closed its $0.05/unit private placement at $790,000.  Each unit comprised one (1) common share and one non-transferable share purchase warrant.  Each warrant entitles the holder to purchase an additional share for $0.10 if exercised on or before November 1, 2012.  Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending March 2, 2011.  The placement documents have been conditionally accepted for filing by the TSX Venture Exchange.  Finder’s fees will be paid and broker unit warrants will be issued by the Company with respect to a portion of the placement.  Broker unit warrants entitle the holder to acquire one broker unit at $0.05 per unit if exercised on or before November 1, 2012, each broker unit is comprised of one share and one ordinary share purchase warrant entitling the holder to acquire one additional share for $0.10 on or before November 1, 2012.

The Company will use the proceeds of the private placement to conduct a diamond drilling program on its properties in Nevada and for working capital.  The Company is currently preparing to undertake a 2500 meter diamond drill exploration program to test the historic mineralized blocks on the Company’s Nivloc Mine silver and gold property in Esmeralda County, Nevada.  The program is expected to commence in late November 2010.
 
About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines 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 Mr. Wayne Meredith: 604-569-2509 This email address is being protected from spambots. You need JavaScript enabled to view it. or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

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.