Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

August 29, 2007 09:00 ET

Integrated Asset Management Corp. and BluMont Capital Corporation Announce Definitive Agreement with Augen Capital Corp.

TORONTO, ONTARIO--(Marketwire - Aug. 29, 2007) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) today announced that its wholly-owned subsidiary, BluMont Capital Corporation ("BluMont") has executed a definitive agreement with Augen Capital Corp. ("Augen") (TSX VENTURE:AUG), pursuant to which Augen has transferred the portfolio management, sales and marketing, and back-office administration functions of its flow-through fund business, including Augen Resource Strategy Fund ("Augen RSF"), to BluMont.

Augen will continue to act as a flow-through consultant responsible for the sourcing of mineral flow-through investments to both the existing flow-through funds and to new BluMont-Augen flow-through funds. The new flow-through funds will be established by BluMont and will have a mining focus. BluMont will assume the portfolio management, sales and marketing, and back-office administration functions relating to Augen's flow-through fund business including Augen RSF. Subject to unitholder approval, BluMont will replace Augen in its current role as Manager to Augen RSF.

Augen will share the management and performance fees payable by existing and new funds and will share the due diligence fees from the resource issuers that the funds invest in. The agreement expires on December 31, 2010 unless extended by BluMont and Augen.

Augen Capital is a Toronto-based merchant bank which finances early stage resource companies. Augen is an industry leader in tax-advantaged flow-through investments in Canada's resource sectors having raised over $58 million in flow-through limited partnership assets since inception. Augen manages a core portfolio of emerging resource stocks, three resource flow-through Limited Partnerships. Augen holds over 100 gold, base metals and uranium exploration and development public companies directly in its merchant banking portfolio and, indirectly, through fees earned on its structured products.

Founded in 2000, BluMont manages and distributes alternative investment products designed to provide enhanced diversification and return potential outside of traditional equity and fixed income investments. With over 30 employees, BluMont employs a national sales force and has expanding strategic alliances with multi-national financial services providers. BluMont is a founding member of the Canadian Chapter of the Alternative Investment Management Association (AIMA).

Paul Perrow, President and CEO of BluMont said "We are pleased to be able to further expand our product line through this agreement with Augen. We are constantly searching for skilled, capable investment management teams like Augen that we can add to our nationwide platform."

IAM is Canada's leading alternative asset management company with approximately $3 billion in assets and committed capital under management in private corporate debt, private equity, managed futures, real estate investment management, property management and retail products, including hedge funds.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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