IMMC Acquires Simon Mine in Settlement and Announces Private Placement

International Millennium Mining Corp. (the “Company”) announces that it has reached a settlement of its lawsuit in U.S. District Court in Reno, Nevada, against the Estate of Nadean Bedford (the “Estate”), and certain of the Estate’s remaining beneficiaries.  The Estate is the owner of the Company’s Simon Mine property.  Pursuant to the terms of the settlement, the Company has acquired sole and exclusive ownership of 100% of the rights, titles and interests in and to the Simon Mine.  Terms of the settlement also require the Company to pay US$80,000 in two lump-sum cash payments ($35,000 now and $45,000 a year from now) and increase the monthly payments from US$1,170 to US$2,000 to the remaining beneficiaries for 232 months or until the Company no longer wishes to hold any further interest in the Simon Mine, whereupon the Company would deed the Simon Mine back to the remaining beneficiaries of the Estate.  A trust deed in favour of the remaining beneficiaries is to be held in escrow as security for the remaining monthly payments.

Private Placement
The Company also announces a $750,000 private placement.  The placement is to consist of units priced at $0.05 per unit, with each unit comprised of one (1) common share and one non-transferable share purchase warrant.  Each warrant will entitle the holder to purchase an additional share at $0.10 per share for a period of two (2) years from the date of issuance.  The Company will pay up to an 8½% finder’s fee and issue broker unit warrants up to 8½% of the private placement units on a portion of the placement.  Broker unit warrants entitle the holder to acquire one broker unit at $0.05 per unit, each unit consisting of one (1) common share and one (1) ordinary share purchase warrant entitling the holder to purchase an additional share for $0.10.  The placement is subject to regulatory acceptance.

The Company will use the proceeds of the private placement for exploration work on its Nevada mineral 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 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.

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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.