International Gold Mining Limited
TSX VENTURE : IGL

International Gold Mining Limited

March 05, 2009 14:41 ET

International Gold Mining Limited: Close of Tranche 2 of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2009) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

INTERNATIONAL GOLD MINING LIMITED (TSX VENTURE:IGL) (the "Company") is pleased to announce that it has received regulatory acceptance and closed the second tranche of its non-brokered private placement consisting of 928,453 common shares at a price of $0.06 per share, for gross proceeds of $55,707.

All securities issued in connection with this financing will be subject to a four month hold period, expiring July 2, 2009.

The Company will now proceed with Tranche 3 of its non-brokered private placement for the remaining 2,398,122 shares, out of the total placement of 11,000,000 shares. To date, the Company has placed a total of 8,601,878 common shares, for gross proceeds totaling $516,113.

The gross proceeds from the private placement will be used for ongoing exploration on the Company's uranium projects located in the East African Republic of Tanzania and to provide the company with additional working capital.

International Gold Mining Limited is a junior exploration company with operations in Australia and Tanzania and trades on the TSX Venture Exchange (Canada) trading symbol IGL-V.

On behalf of the Board of Directors

INTERNATIONAL GOLD MINING LIMITED

Alan Phillips, President/CEO

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

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