International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

July 06, 2007 09:00 ET

IMMC Engages Investor Relations Service Providers in Europe and Elects New Director

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - International Millennium Mining Corp. (TSX VENTURE:IMI) ("IMMC" or the "Company") announces that it has entered into Investor Relations Agreements with Michael Forster and The Fabrice de la Ferriere & Henri Deegenaar Partnership, subject to regulatory approval, to provide the Company with retail and institutional investor relations service in Europe. The objective of this undertaking is to increase international awareness of the Company and facilitate Company exposure to current European shareholders and potential investors through the dissemination of corporate information to a strategic network of institutions, retail brokerage firms and private investors in Europe.

Mr. Forster is based in Zurich, Switzerland and has worked in the financial sector for more than ten years, during which time he has built a significant network of retail clients and financial institutions in Europe. Previously, Mr. Forster managed Asset Management Switzerland AG, the largest independent financial services company in Europe. He has taught courses in finance to financial advisors and currently operates his own asset management company in Switzerland with over 700 clients. Mr. Forster holds an executive international MBA from ZFU Switzerland and Babson College, USA. The initial term of the Investor Relation Agreement with Mr. Forster is for a period of six months and is renewable on a quarter-to-quarter basis at the option of the Company. Compensation will be $2,400 per quarter and Mr. Forster will be granted a two-year incentive stock option to acquire 50,000 IMMC shares. The option will be exercisable at $0.40 per share.

Mr. de la Ferriere is based in Paris, France and is experienced with the introduction of small and medium size companies, in the mining sector, to knowledgeable institutional investors in Western Europe. Previously, Mr. de la Ferriere worked in the banking sector as an analyst and a trader at Caisse Centrale des Banques Populaires.

Mr. Deegenaar, also based in Paris, France, has participated in the institutional investments sector for 45 years. He was Director of Economic Research responsible for financial investments with a large French asset management and insurance company controlled by the AXA Group. Mr. Deegenaar is the founder and head of a capital development and consulting company and introduces small cap Canadian, American and Australian companies to the European investment community.

The initial term of the Investor Relations Agreement between the Company and The Fabrice de la Ferriere & Henri Deegenaar Partnership is for a period of six months and is renewable on a quarter-to-quarter basis, at the option of the Company. Compensation will be EUR 3,000 per quarter and the Partnership will be granted two year incentive stock options to acquire 50,000 IMMC shares. The options will be exercisable at $0.40 per share.

"We are pleased to have the services of Michael Forster, Fabrice de la Ferriere and Henri Deegenaar to assist us with strengthening IMMC's profile in the European economic community. Mr. Forster, Mr. de la Ferriere and Mr. Deegenaar were selected because their integrity, standards and methodologies fit best with the message we wish to communicate to the investing public," stated John Versfelt, President and CEO of International Millennium Mining Corp.

Election of New Director

IMMC is pleased to announce the election, at the Company's Annual General Meeting, June 14, 2007, of Mr. Peter M. Miller of Ascot, Berkshire, United Kingdom, to its board of Directors. Mr. Miller comes to the board with a wide range of international experience in mineral exploration and mining.

Mr. Miller has 37 years experience in the global mining industry, commencing his career as a geologist at the West Rand gold mines in South Africa. Mr. Miller then became involved in the Johannesburg Stock Exchange. In the late 1970's he was voted the country's top mining analyst on several occasions. Shortly thereafter, he was the founding member and director of MasterBore, which grew, over a five year period, to become South Africa's second largest drilling company. Mr. Miller, subsequently held senior positions in the corporate finance and research departments of both Shearson Lehman Brothers and Yorkton Securities. Currently, Mr. Miller is President & CEO of Iberian Minerals Corp, which is developing the Aguas Tenidas copper/zinc project in southwestern Spain and is expected to achieve commercial production in the latter half of next year.

"We are pleased to have Mr. Miller join our Board and I know his international knowledge and experience will be a great asset to International Millennium Mining Corp.," stated John A. Versfelt, President and CEO of the Company.

International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of 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 silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.

ON BEHALF OF THE BOARD,

John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John A. Versfelt, President & CEO of the Company or Mr. D. Alex Caldwell, Corporate Secretary at 604-984-9907.

The Exchange has not in any way passed upon the merits of this news 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.

Contact Information

  • International Millennium Mining Corp.
    Mr. John A. Versfelt
    President & CEO
    (604) 984-9907
    or
    International Millennium Mining Corp.
    Mr. D. Alex Caldwell
    Corporate Secretary
    (604) 984-9907
    (604) 983-8056 (FAX)
    Email: ir@immc.ca
    Website: www.immc.ca