International Gold Mining Limited
TSX VENTURE : IGL

International Gold Mining Limited

November 14, 2008 16:30 ET

International Gold Mining Limited: Completion of Tranche 1 of Non Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2008) -

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, subject to regulatory acceptance, the Company has successfully completed Tranche 1 of its non - brokered private placement consisting of 7,673,425 common shares at a price of $0.06 per share, for gross proceeds of up to $460,406.

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.

All securities issued in connection with this financing will be subject to a four month hold period.

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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