International Barytex Resources Ltd.

International Barytex Resources Ltd.

May 13, 2008 16:00 ET

International Barytex Resources Ltd.: Shituru Project Update; MOU Signed for Electrical Power Supply

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - INTERNATIONAL BARYTEX RESOURCES LTD. (the "Company") (TSX VENTURE:IBX) is pleased to provide an update on the Shituru project located near the town of Likasi in Katanga Province in the Democratic Republic of Congo (DRC).

The Shituru Mining Corporation (SMCO) has signed a Memorandum of Understanding (MOU) with Societe Nationale Electricite Limited (SNEL) for the supply of 30 Megawatts of power to the processing facility being planned in the Feasibility Study being carried out. SMCO is the corporate entity created under the mining contract agreement between Gecamines and ECCH, a subsidiary of IBX.

With signing of the MOU, SMCO and SNEL will commence negotiations on improvements to be made to the national electrical system as part of the Shituru Project. The cost of these improvements are repaid to the project as a rebate on the monthly electricity charges during operation.

On completion of these negotiations SMCO and SNEL will enter into a supply agreement to provide electricity for construction and operations.

President Leo King states, "We are pleased to report the signing of the MOU on electricity supply. It is an important milestone for Shituru and marks real progress on an important aspect of the Feasibility Study which is currently underway. We look forward to providing further updates as our project milestones are reached."

On behalf of the Board of Directors


Leo King, President and Director

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion and timing of feasibility studies. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated and the timing of feasibility studies.

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

Contact Information