International Gold Mining Limited
TSX VENTURE : IGL

International Gold Mining Limited

October 16, 2008 18:00 ET

International Gold Mining Limited Share Issue

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2008) - INTERNATIONAL GOLD MINING LIMITED (TSX VENTURE:IGL) (the "Company") is pleased to announce that it has issued shares as follows:

1. Bahati

500,000 fully paid ordinary shares were issued to Bahati Investment and Mining General Co. Limited (Bahati) on 24 July 2008, as agreed under Bahati Joint Venture Agreement, the subject of a previous announcement on November 8, 2007.

2. Kimario

900,000 fully paid ordinary shares were issued to Willibard Kimario on August 8, 2008, for acquisition of tenements in the Lake Bahi region in Tanzania, East Africa, the subject of a previous announcement on 15 May 2008.

The shares issued to Bahati and Kimario are restricted from trading for 4-months from the date of issue.

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.

Contact Information

  • Capital Street Group
    Investor and Media Inquiries
    Toll Free IR Line: 1-888-684-1183
    Local: (778) 785-0979 or Direct: (604) 988-8186
    Website: www.ingoldmin.com