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International Minerals Announces Drill Results From Goldfield Project, Nevada Including Gold Intercepts of 22.8m at 1.3 g/t and 15.2m at 2.4 g/t


June 16, 2011 - SCOTTSDALE, AZ

International Minerals Corporation (TSX: IMZ) (SWISS: IMZ) announces additional drill results from its 100%-ownedGoldfield gold project in southern Nevada where IMZ anticipates completinga feasibility study by mid-2012.

The Goldfield Project comprises three main mineralized areas (GoldfieldMain, McMahon Ridge and Gemfield) and several other exploration targets.

The new drill assay results include reverse circulation ("RC") and coredrill holes intended to extend and upgrade the existing mineral resourcesat the Goldfield Main Deposit ("Extension Drilling") together with RC drillholes in areas outside of previously-published resource estimates("Exploration Drilling").

In addition, at the Goldfield Main, McMahon Ridge and Gemfield deposits,assay results are reported from core holes that were drilled to acquiresamples for metallurgical studies and to twin (or duplicate) current andhistorical RC holes for quality control purposes. One metallurgical drillhole at the Gemfield Deposit, which drilled down the dip of themineralization, intersected 30.5 meters ('m') at an average uncut grade of51 grams per tonne ("g/t") gold.

New assay results for 19 core holes totaling 2,699m, and 61 RC drill holestotaling 13,334m, are summarized in Appendix 3 and shown on the plan mapsin Appendices 1 and 2.

To date IMZ has reported drill assay results for a total of 182 RC and 19core drill holes totaling 42,633m at the Goldfield Project.

Extension/Exploration Drilling Program

Highlights from of the new assay results (uncut average gold grades in g/t;true widths, unless indicated by an asterisk), include the followingintercepts (all RC holes):


-- 22.8m at 1.3 g/t in drill hole 2011-122 (Extension Drilling)
-- 9.1m at 1.6 g/t in 2011-127 (Extension Drilling)
-- 6.1m at 2.0 g/t in 2011-143 (Extension Drilling)
-- 13.7m at 1.3 g/t in GEMR-005 (Exploration Drilling -North Gemfield)
-- 15.2m at 2.4 g/t in GEMR-008 (Exploration Drilling -North Gemfield)
-- 18.3m at 2.3 g/t in KEN-003 (Exploration Drilling -Kendall)*
(*True width cannot yet be estimated)

The Exploration Drilling program has been focused to the north andnortheast of the Gemfield deposit (see map in Appendix 2), at the GemfieldNorth, Kendall and Tailings areas (the latter so-called due to the presenceon surface of mill tailings from historical production, which are notcurrently being evaluated by IMZ).

The Extension Drilling program is currently entirely focused on theGoldfield Main deposit (see map in Appendix 1), where both RC and coredrilling is targeted at upgrading and extending the existing gold resource.

Goldfield Project NI 43101 Mineral Resources

The Goldfield project hosts three known gold resources; Goldfield Main,Gemfield and McMahon Ridge. The current estimated mineral resources for theoverall Goldfield project are:

-- 1,247,000 ounces of Measured and Indicated resources, contained in 31.3 million tonnes ("Mt") at an average grade of 1.2 g/t gold; and -- 385,000 ounces of Inferred resources, contained in 7.7 Mt at an average grade of 1.6 g/t gold.

The gold cut-off grades used were 0.34 g/t for Gemfield and McMahon Ridgeand 0.4 g/t for Goldfield Main.

Mineral resource estimates at the Goldfield project have been conductedseparately for the Goldfield Main deposit and the Gemfield/McMahon Ridgedeposits:

-- at Goldfield Main, the mineral resources were estimated in 2011 by Qualified Person ("QP") R.Mohan Srivastava P.Geo (see IMZ press release dated February 1st, 2011). -- at Gemfield and McMahon Ridge, the mineral resources were estimated in 2005 by Watts, Griffis and McOuat, with John R. Sullivan, P.Geo as the QP.

Metallurgical and QAQC Twin hole drilling

IMZ drilled core holes at Gemfield and McMahon Ridge to acquire sufficientsamples to conduct feasibility-level metallurgical testwork to evaluateboth a heap leach recovery scenario and an agitation leach processingoption.

It is important to note that the metallurgical drill holes have beendesigned to optimize the amount of mineralized material and so aretypically drilled down the dip of (i.e. parallel to) the mineralized zonesand are all drilled into areas of known mineralization. Accordingly thedrill results may not be representative of the mineralization generallyfound at Gemfield and McMahon Ridge.

The twin (or duplicate) drill hole QAQC (Quality Assessment/QualityControl) program has been designed to confirm not only that samplesgenerated from RC drilling in the presence of old workings are reliable butalso that historical data are reliable from drill campaigns with limitedverifiable supporting data. These twin holes have intentionally targetedareas of better-than-average grade from previous drill holes.

Highlights of the Metallurgical and Twin-hole Core Drilling Programs areshown below (uncut grades; drill intercepts are not reflective of truewidth):

-- 30.49m at 51.15 g/t in MCM-005C (Metallurgical)-- 48.78m at 23.7 g/t in GEM-002C (Metallurgical)-- 35.82m at 9.15 g/t in MCM-005C (Metallurgical)-- 52.29m at 9.13 g/t in MCM-004C (Metallurgical)-- 7.93m at 11.37 g/t in MCM-002C (Metallurgical)-- 12.2m at 3.77 g/t in GMD-004C (Twin)-- 6.1m at 7.33 g/t in MCM-003C (Metallurgical)-- 13.66m at 2.96 g/t in MCM-003C (Metallurgical)

Sample intervals are currently being selected for the metallurgicaltestwork and final results from the column leach tests are not expecteduntil the fourth quarter of this year. The results of the twin-holeprogram will be reviewed in detail and used in support of an updatedmineral resource estimate for Goldfield Main expected to be publishedbefore the end of the year.

Environmental Baseline Studies

As an integral part of the planned feasibility study at Goldfield,scheduled to be completed in the summer of 2012, an environmental baselinestudy has also commenced, with the following components currently inprogress:

-- Hydrogeological characterization program - drilling, installation and development of groundwater monitoring wells at the three deposits, to be followed by hydraulic testing, monitoring and modeling of groundwater quantity and quality.-- Geochemical characterization program - acid base accounting (ABA) testing of samples from representative waste rock locations.

This work complements previous studies by previous property owner, MetallicVentures, relating to hydrology, biological and cultural resources, andwaste rock characterization.

About International Minerals

International Minerals is a silver-gold producer, explorer and developerwith silver-gold production from its 40%-owned Pallancata Mine in Peru, thefifth largest primary silver mine in the world. Production at Pallancata incalendar year 2010 was approximately 10.1 million ounces of silver and36,000 ounces of gold (on a 100% project basis).

In addition to the Pallancata Mine, IMZ also owns a 40% interest in theInmaculada gold-silver project in Peru and majority or 100% ownershipinterests in development stage gold projects in Nevada (Goldfield andConverse) and Ecuador (Rio Blanco and Gaby). IMZ also receives a 3% netsmelter return royalty from Barrick Gold's Ruby Hill gold mine in Nevada,which produced approximately 80,000 gold ounces in 2010.

IMZ is listed on the Toronto Stock Exchange (since 1994) and the SwissStock Exchange (since 2002).

The technical information reported in this news release was reviewed byIMZ's Qualified Person, Exploration Manager, Mark Cannuli.

To acess this news release from IMZ's website, please click this link:http://www.intlminerals.com/newsreleases.php.

Cautionary Statement:

Some of the statements contained in this release are "forward-lookingstatements" within the meaning of Canadian securities law requirements.Such forward-looking statements involve known and unknown risks,uncertainties and other factors that may cause our actual results,performance or achievements to differ materially from the anticipatedresults, performance or achievements expressed or implied by suchforward-looking statements. Forward-looking statements in this releaseinclude statements regarding mineral resource estimates and plannedfeasibility studies. Factors that could cause actual results to differmaterially from anticipated results include risks and uncertainties suchas: risks in maintaining production and processing rates, risks of costescalation, risks of estimating mineral resources, risks of timelycompletion of feasibility and other technical studies and other risks anduncertainties detailed in the Company's Renewal Annual Information Form forthe year ended June 30, 2010, which is available at www.sedar.com under theCompany's name. The Company disclaims any intention or obligation to updateor revise any forward-looking statements, whether as a result of newinformation, future events or otherwise.

 Goldfield Project- Significant Drill Results IMZ News Release dated June 16, 2011--------------------------------------------------------------------------- Total Intersection Drill Hole Type/ Depth From-To Host Number RC or Core (feet) (feet) Type---------------------------------------------------------------------------Goldfield Main Deposit--------------------------------------------------------------------------- GMD-001C Twin/Core 703 510-525 Rock---------------- ---------------- ------------- ------------- ------------- 537-545 Rock---------------- ---------------- ------------- ------------- ------------- 550-636 Rock---------------- ---------------- ------------- ------------- ------------- 646-681 Rock---------------- ---------------- ------------- ------------- ------------- GMD-002C Twin/Core 766 615-645 Rock---------------- ---------------- ------------- ------------- ------------- 652-685 Rock---------------- ---------------- ------------- ------------- ------------- 685-703 Stope Fill---------------- ---------------- ------------- ------------- ------------- GMD-004C Twin/Core 554 405-445 Rock---------------- ---------------- ------------- ------------- ------------- 455-470 Rock---------------- ---------------- ------------- ------------- ------------- 485-490 Rock---------------- ---------------- ------------- ------------- ------------- GMD-005C Twin/Core 402 220-235 Rock---------------- ---------------- ------------- ------------- ------------- 245-302 Rock---------------- ---------------- ------------- ------------- ------------- GMD-006C Twin/Core 337 129-141 Stope Fill---------------- ---------------- ------------- ------------- ------------- 167-180 Stope Fill---------------- ---------------- ------------- ------------- ------------- 308-329 Stope Fill---------------- ---------------- ------------- ------------- ------------- GMD-007C Twin/Core 337 172-201 Stope Fill---------------- ---------------- ------------- ------------- ------------- 270-295 Rock---------------- ---------------- ------------- ------------- ------------- GMD-008C Twin/Core 280 120-153 Rock---------------- ---------------- ------------- ------------- ------------- GMD-009C Twin/Core 280 135-175 Rock---------------- ---------------- ------------- ------------- ------------- 175-185 Stope Fill---------------- ---------------- ------------- ------------- ------------- 185-220 Rock---------------- ---------------- ------------- ------------- ------------- 2011-122 Extension/RC 1100 895-970 Rock---------------- ---------------- ------------- ------------- ------------- 2011-123 Extension/RC 900 800-805 Rock---------------- ---------------- ------------- ------------- ------------- 2011-124 Extension/RC 1040 895-915 Rock---------------- ---------------- ------------- ------------- ------------- 2011-125 Extension/RC 1100 --- Rock---------------- ---------------- ------------- ------------- ------------- 2011-126 Extension/RC 1060 930-940 Rock---------------- ---------------- ------------- ------------- ------------- 2011-127 Extension/RC 1080 980-1010 Rock---------------- ---------------- ------------- ------------- ------------- 2011-128 Extension/RC 1100 935-965 Rock---------------- ---------------- ------------- ------------- ------------- 2011-129 Extension/RC 1100 --- Rock---------------- ---------------- ------------- ------------- ------------- 2011-130C Extension/Core 1103 923-936 Rock---------------- ---------------- ------------- ------------- ------------- 2011-131 Extension/RC 1060 920-975 Rock---------------- ---------------- ------------- ------------- ------------- 2011-132 Extension/RC 1090 915-955 Rock---------------- ---------------- ------------- ------------- ------------- 2011-133 Extension/RC 1100 980-1025 Rock---------------- ---------------- ------------- ------------- ------------- 2011-134 Extension/RC 1200 --- Rock---------------- ---------------- ------------- ------------- ------------- 2011-135 Extension/RC 1200 --- Rock---------------- ---------------- ------------- ------------- ------------- 2011-136 Extension/RC 1160 955-985 Rock---------------- ---------------- ------------- ------------- ------------- 2011-137 Extension/RC 1100 975-1050 Rock---------------- ---------------- ------------- ------------- ------------- 2011-138 Extension/RC 1100 965-1025 Rock---------------- ---------------- ------------- ------------- ------------- 2011-139 Extension/RC 1150 1035-1075 Rock---------------- ---------------- ------------- ------------- ------------- 2011-140 Extension/RC 1250 1115-1140 Rock---------------- ---------------- ------------- ------------- ------------- 2011-141 Extension/RC 1200 --- Rock---------------- ---------------- ------------- ------------- ------------- 2011-142 Extension/RC 1350 1225-1320 Rock---------------- ---------------- ------------- ------------- ------------- 2011-143 Extension/RC 1200 0-20 Rock---------------------------------------------------------------------------Gemfield Deposit--------------------------------------------------------------------------- Metallurgical/ GEM-001C Core 253 125-225 Rock---------------- ---------------- ------------- ------------- ------------- 230-240 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ GEM-002C Core 253 30-190 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 35-40 Rock---------------- ---------------- ------------- ------------- ------------- And: 50-55 Rock---------------- ---------------- ------------- ------------- ------------- And: 70-75 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ GEM-003C Core 251 35-51 Rock---------------- ---------------- ------------- ------------- ------------- 52-95 Rock---------------- ---------------- ------------- ------------- ------------- 105-120 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ GEM-004C Core 500 45-60 Rock---------------- ---------------- ------------- ------------- ------------- 115-125 Rock---------------- ---------------- ------------- ------------- ------------- 140-234 Rock---------------- ---------------- ------------- ------------- ------------- 241-255 Rock---------------- ---------------- ------------- ------------- ------------- 280-365 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ GEM-005C Core 550 58-160 Rock---------------- ---------------- ------------- ------------- ------------- 160-185 Rock---------------- ---------------- ------------- ------------- ------------- 215-293 Rock---------------- ---------------- ------------- ------------- ------------- 295-360 Rock---------------- ---------------- ------------- ------------- ------------- 370-460 Rock---------------- ---------------- ------------- ------------- ------------- 475-535 Rock---------------------------------------------------------------------------McMahon Ridge Deposit--------------------------------------------------------------------------- Metallurgical/ MCM-001C Core 202 25-40 Rock---------------- ---------------- ------------- ------------- ------------- 45-50 Rock---------------- ---------------- ------------- ------------- ------------- 55-65 Rock---------------- ---------------- ------------- ------------- ------------- 90-120 Rock---------------- ---------------- ------------- ------------- ------------- 132-160 Rock---------------- ---------------- ------------- ------------- ------------- 165-170 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ MCM-002C Core 353 80-85 Rock---------------- ---------------- ------------- ------------- ------------- 190-216 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 195-200 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ MCM-003C Core 603 105-125 Rock---------------- ---------------- ------------- ------------- ------------- 175-185 Rock---------------- ---------------- ------------- ------------- ------------- 220-240 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 225-230 Rock---------------- ---------------- ------------- ------------- ------------- 244-289 Rock---------------- ---------------- ------------- ------------- ------------- 290-365 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ MCM-004C Core 401 80-125 Rock---------------- ---------------- ------------- ------------- ------------- 145-187 Rock---------------- ---------------- ------------- ------------- ------------- 230-401 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 250-255 Rock---------------- ---------------- ------------- ------------- ------------- And: 385-390 Rock---------------- ---------------- ------------- ------------- ------------- Metallurgical/ MCM-005C Core 604 0-65 Rock---------------- ---------------- ------------- ------------- ------------- 100-110 Rock---------------- ---------------- ------------- ------------- ------------- 120-220 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 165-175 Rock---------------- ---------------- ------------- ------------- ------------- 304-330 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 304-310 Rock---------------- ---------------- ------------- ------------- ------------- 332-450 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 355-360 Rock---------------- ---------------- ------------- ------------- ------------- And: 400-405 Rock---------------- ---------------- ------------- ------------- ------------- 474-540 Rock---------------- ---------------- ------------- ------------- ------------- Includes: 490-494 Rock---------------------------------------------------------------------------Gemfield North Area**--------------------------------------------------------------------------- GEMR-003 Exploration/RC 675 320-335 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-004 Exploration/RC 600 275-315 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-005 Exploration/RC 665 355-400 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-006 Exploration/RC 790 610-630 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-007 Exploration/RC 845 430-470 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-008 Exploration/RC 825 575-625 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-009 Exploration/RC 835 510-555 Rock---------------- ---------------- ------------- ------------- ------------- GEMR-016 Exploration/RC 845 620-640 Rock---------------------------------------------------------------------------**No significant values in drill holes GEMR-1, 2, 10-15 ---------------------------------------------------------------------------Kendall Area**--------------------------------------------------------------------------- KEN-003 Exploration/RC 300 20-80 Rock---------------------------------------------------------------------------**No significant values in drill holes KEN-1, 2, 4-15 ---------------------------------------------------------------------------Tailings Area**--------------------------------------------------------------------------- TL-002 Exploration/RC 500 235-275 Rock---------------- ---------------- ------------- ------------- ------------- TL-006 Exploration/RC 400 20-30 Rock---------------------------------------------------------------------------**No significant Values in drill holes TL-1, 3-5, 7-8. ------------------------------------------------------------------------ Intercept Intercept True Width Gold (feet) (meters) (meters) (g/t)------------------------------------------------------------------------Goldfield Main Deposit------------------------------------------------------------------------ GMD-001C 15 4.6 4.5 5.4---------------- ------------- ------------- ------------- ------------- 8 2.4 2.4 3.3---------------- ------------- ------------- ------------- ------------- 86 26.2 26.2 1.7---------------- ------------- ------------- ------------- ------------- 35 10.7 10.6 0.9---------------- ------------- ------------- ------------- ------------- GMD-002C 30 9.2 6.4 0.5---------------- ------------- ------------- ------------- ------------- 33 10.1 7.0 1.9---------------- ------------- ------------- ------------- ------------- 18 5.5 3.8 1.4---------------- ------------- ------------- ------------- ------------- GMD-004C 40 12.2 11.2 3.8---------------- ------------- ------------- ------------- ------------- 20 6.1 5.6 0.5---------------- ------------- ------------- ------------- ------------- 5 1.5 1.4 1.4---------------- ------------- ------------- ------------- ------------- GMD-005C 15 4.6 2.1 3.1---------------- ------------- ------------- ------------- ------------- 57 17.5 8.2 0.7---------------- ------------- ------------- ------------- ------------- GMD-006C 12 6.7 * 2.3---------------- ------------- ------------- ------------- ------------- 13 3.8 * 1.2---------------- ------------- ------------- ------------- ------------- 21 6.4 * 0.9---------------- ------------- ------------- ------------- ------------- GMD-007C 29 8.8 * 0.7---------------- ------------- ------------- ------------- ------------- 25 7.6 * 1.7---------------- ------------- ------------- ------------- ------------- GMD-008C 33 10.1 7.3 0.5---------------- ------------- ------------- ------------- ------------- GMD-009C 40 12.2 11.1 1.5---------------- ------------- ------------- ------------- ------------- 10 3.1 2.8 1.4---------------- ------------- ------------- ------------- ------------- 35 10.7 9.7 1.5---------------- ------------- ------------- ------------- ------------- 2011-122 75 22.9 22.8 1.3---------------- ------------- ------------- ------------- ------------- 2011-123 5 1.5 1.5 0.9---------------- ------------- ------------- ------------- ------------- 2011-124 20 6.1 6.1 0.6---------------- ------------- ------------- ------------- ------------- 2011-125 No significant Values---------------- ------------- ------------- ------------- ------------- 2011-126 10 3.1 3.0 0.7---------------- ------------- ------------- ------------- ------------- 2011-127 30 9.2 9.1 1.6---------------- ------------- ------------- ------------- ------------- 2011-128 30 9.2 9.1 1.0---------------- ------------- ------------- ------------- ------------- 2011-129 No significant Values---------------- ------------- ------------- ------------- ------------- 2011-130C 13 4.0 3.9 0.6---------------- ------------- ------------- ------------- ------------- 2011-131 55 16.8 16.7 0.5---------------- ------------- ------------- ------------- ------------- 2011-132 40 12.2 12.2 0.9---------------- ------------- ------------- ------------- ------------- 2011-133 45 13.7 13.7 0.4---------------- ------------- ------------- ------------- ------------- 2011-134 No significant Values---------------- ------------- ------------- ------------- ------------- 2011-135 No significant Values---------------- ------------- ------------- ------------- ------------- 2011-136 30 9.2 9.1 0.7---------------- ------------- ------------- ------------- ------------- 2011-137 75 22.9 22.8 0.6---------------- ------------- ------------- ------------- ------------- 2011-138 60 18.3 18.2 0.4---------------- ------------- ------------- ------------- ------------- 2011-139 40 12.2 12.2 0.5---------------- ------------- ------------- ------------- ------------- 2011-140 25 7.6 7.6 0.6---------------- ------------- ------------- ------------- ------------- 2011-141 Assays Not Available---------------- ------------- ------------- ------------- ------------- 2011-142 95 29.0 28.9 0.6---------------- ------------- ------------- ------------- ------------- 2011-143 20 6.1 6.1 2.0------------------------------------------------------------------------Gemfield Deposit------------------------------------------------------------------------ GEM-001C 100 30.5 22.3 1.5---------------- ------------- ------------- ------------- ------------- 10 3.1 2.2 1.8---------------- ------------- ------------- ------------- ------------- GEM-002C 160 48.8 45.9 23.7---------------- ------------- ------------- ------------- ------------- 5 1.5 1.4 519.6---------------- ------------- ------------- ------------- ------------- 5 1.5 1.4 94.4---------------- ------------- ------------- ------------- ------------- 5 1.5 1.4 46.3---------------- ------------- ------------- ------------- ------------- GEM-003C 16 4.9 4.9 3.2---------------- ------------- ------------- ------------- ------------- 43 13.1 13.1 2.2---------------- ------------- ------------- ------------- ------------- 15 4.6 4.6 0.5---------------- ------------- ------------- ------------- ------------- GEM-004C 15 4.6 2.5 1.6---------------- ------------- ------------- ------------- ------------- 10 3.1 1.6 0.8---------------- ------------- ------------- ------------- ------------- 94 28.7 15.5 0.9---------------- ------------- ------------- ------------- ------------- 14 4.4 2.4 1.5---------------- ------------- ------------- ------------- ------------- 85 25.9 14.0 2.0---------------- ------------- ------------- ------------- ------------- GEM-005C 102 31.1 20.5 1.2---------------- ------------- ------------- ------------- ------------- 25 7.6 5.0 0.7---------------- ------------- ------------- ------------- ------------- 78 23.8 15.7 1.4---------------- ------------- ------------- ------------- ------------- 65 19.8 13.1 1.2---------------- ------------- ------------- ------------- ------------- 90 27.4 18.1 1.8---------------- ------------- ------------- ------------- ------------- 60 18.3 12.1 2.7------------------------------------------------------------------------McMahon Ridge Deposit------------------------------------------------------------------------ MCM-001C 15 4.6 * 0.6---------------- ------------- ------------- ------------- ------------- 5 1.5 * 2.4---------------- ------------- ------------- ------------- ------------- 10 3.1 * 1.4---------------- ------------- ------------- ------------- ------------- 30 9.2 * 0.7---------------- ------------- ------------- ------------- ------------- 28 8.4 * 0.8---------------- ------------- ------------- ------------- ------------- 5 1.5 * 1.5---------------- ------------- ------------- ------------- ------------- MCM-002C 5 1.5 * 2.5---------------- ------------- ------------- ------------- ------------- 26 7.9 * 11.4---------------- ------------- ------------- ------------- ------------- 5 1.5 * 47.2---------------- ------------- ------------- ------------- ------------- MCM-003C 20 6.1 * 7.3---------------- ------------- ------------- ------------- ------------- 10 3.1 * 0.7---------------- ------------- ------------- ------------- ------------- 20 6.1 * 7.3---------------- ------------- ------------- ------------- ------------- 5 1.5 * 27.1---------------- ------------- ------------- ------------- ------------- 45 13.7 * 3.0---------------- ------------- ------------- ------------- ------------- 75 22.7 * 3.4---------------- ------------- ------------- ------------- ------------- MCM-004C 45 13.7 * 0.5---------------- ------------- ------------- ------------- ------------- 42 12.7 * 0.6---------------- ------------- ------------- ------------- ------------- 171 52.3 * 9.1---------------- ------------- ------------- ------------- ------------- 5 1.5 * 197.2---------------- ------------- ------------- ------------- ------------- 5 1.5 * 31.9---------------- ------------- ------------- ------------- ------------- MCM-005C 65 19.8 * 1.8---------------- ------------- ------------- ------------- ------------- 10 3.1 * 1.1---------------- ------------- ------------- ------------- ------------- 100 30.5 * 51.2---------------- ------------- ------------- ------------- ------------- 10 3.1 * 461.1---------------- ------------- ------------- ------------- ------------- 26 7.9 * 10.3---------------- ------------- ------------- ------------- ------------- 6 1.8 * 30.9---------------- ------------- ------------- ------------- ------------- 118 35.8 * 9.2---------------- ------------- ------------- ------------- ------------- 5 1.5 * 105.1---------------- ------------- ------------- ------------- ------------- 5 1.5 * 47.5---------------- ------------- ------------- ------------- ------------- 66 20.1 * 4.2---------------- ------------- ------------- ------------- ------------- 4 1.2 * 24.6------------------------------------------------------------------------Gemfield North Area**------------------------------------------------------------------------ GEMR-003 15 4.6 4.5 1.9---------------- ------------- ------------- ------------- ------------- GEMR-004 40 12.2 12.2 0.9---------------- ------------- ------------- ------------- ------------- GEMR-005 45 13.7 13.7 1.3---------------- ------------- ------------- ------------- ------------- GEMR-006 20 6.1 6.1 0.6---------------- ------------- ------------- ------------- ------------- GEMR-007 40 12.2 12.2 1.0---------------- ------------- ------------- ------------- ------------- GEMR-008 50 15.2 15.2 2.4---------------- ------------- ------------- ------------- ------------- GEMR-009 45 13.7 13.7 0.5---------------- ------------- ------------- ------------- ------------- GEMR-016 20 6.1 6.1 0.5------------------------------------------------------------------------**No significant values in drill holes GEMR-1, 2, 10-15 ------------------------------------------------------------------------Kendall Area**------------------------------------------------------------------------KEN-003 60 18.3 Unknown 2.3------------------------------------------------------------------------**No significant values in drill holes KEN-1, 2, 4-15 ------------------------------------------------------------------------Tailings Area**------------------------------------------------------------------------TL-002 40 12.2 Unknown 0.4---------------- ------------- ------------- ------------- -------------TL-006 10 3.1 Unknown 0.8---------------- ------------- ------------- ------------- -------------**No significant Values in drill holes TL-1, 3-5, 7-8. Note: "Stope Fill" is where old mine workings were intersected and mine back fill was recovered and sampled. " * " indicates zones where true widths of mineralization have not yet been determined. "Unknown" indicates zones where true widths of mineralization could not be determined.

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For additional information, contact:

In North America
Paul Durham
Vice President Corporate Affairs Relations
Tel: +1 203 940 2538

In Europe
Oliver Holzer
Marketing Consultant
Tel: +41 44 853 00 47

Or email us at: Email Contact
Internet Site: http://www.intlminerals.com

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