IMMC Commences Drilling At Harrison Lake & Closes First Tranche Of Ft And Non Ft Private Placement

North Vancouver, BC: International Millennium Mining Corp. (the “Company”) (TSX-V: IMI) has commenced diamond drilling operations on its Jason Property near Harrison Lake, in southwestern B.C. The initial program will drill up to four (4) holes aimed at investigating the sources of two self-potential (SP) anomalies and to determine if they are due to sulphide mineralization similar to that mined at the Giant Mascot nickel mine. The targets are located within Project 3, one of four grid areas identified by earlier geology, geochemistry and geophysical work on the Jason property.

The Giant Mascot mine, located 16 km to the southeast of the Jason property, lies within a northwest-trending belt of basic to ultramafic rocks referred to as the Nickel Belt. From 1958 to 1974, approximately 4,300,000 tonnes of ore were mined from the Giant Mascot Mine. Nickel and copper were the prime metallic products with the ore grading 0.77 % nickel and 0.34 % copper with cobalt as a byproduct. However, chromium oxide, platinum, palladium, gold, and silver were also present. The cumulative nickel and copper production from the mine was 26.8 million kilograms of nickel and 14 million kilograms of copper from 26 mined ore bodies.

The Jason claims occur within this same Nickel Belt with the main rocks so far mapped on the property being diorites and hornblendic pyroxenites. The pyroxenites in places contain up to 6% disseminated sulphides comprising pyrite, pyrrhotite, chalcopyrite, and pentlandite. These last two sulphides are common mineral ores of copper and nickel, respectively. The SP surveys revealed anomalies in close proximity to the mineralized pyroxenites. These anomalies were interpreted to be caused by mineralized pipes similar to those occurring at the Giant Mascot Mine. Correlating with the SP anomalies were magnetic, VLF-EM, and geochemistry anomalies.

David G. Mark P.Geo, of Geotronics Consulting Inc. a qualified person as defined by national instrument NI 43-101 manages this project and has read and approved the contents of this news release.

First Tranche of Private Placement Closes
The Company has also closed the first tranche of its flow through and non-flow through private placement. The closing is with respect to 10,800,570 units (937,500 flow-through units and 9,863,070 non-flow-through units) for total cash proceeds of $666,784. The non-flow-through units are priced at $0.06 per unit, and the flow through units are priced at $0.08 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 January 11, 2012. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending May 12, 2010. The placement has TSX Venture Exchange acceptance, subject to final documentation. The Company will pay an 8.5% finder’s fee and issue 8.5% broker unit warrants with respect to a portion of the placement. Broker unit warrants entitle the holder to acquire one broker unit at $0.06 per unit if exercised on or before January 11, 2012, each broker unit comprised of one share and one ordinary share purchase warrant entitling the holder to acquire one additional share for $0.10 on or before January 11, 2012.

The Company will use the proceeds of the private placement for exploration work on its Canadian and United States mineral properties and for working capital. With funding now in place, the Company is planning to drill its Simon property in Nevada, USA with the program scheduled to start at the beginning of February.

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.

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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.