International Millennium Mining Corp.
TSX VENTURE : IMI

International Millennium Mining Corp.

October 04, 2013 09:23 ET

International Millennium Mining Corp.: Sale & Purchase Agreement Terminated

NEW WESTMINSTER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2013) - International Millennium Mining Corp. (TSX VENTURE:IMI) (the "Company" or "IMMC") announces that the Sale and Purchase Agreement dated March 5, 2013 (the "Sale Agreement") between its wholly-owned subsidiary, International Millennium Mining Inc. ("IMMI") and Silver Reserve Corp. ("SRC"), a wholly-owned subsidiary of Infrastructure Materials Corp. (OTCBB: IFAM; TSX-V: IFM) has been terminated. The Sale Agreement contemplated the sale of the SRC's underlying interests in the Nivloc, Nevada Property (the "Nivloc Property Interests") for US$425,000.

With the termination of the Sale Agreement, the Nivloc Property Interests continue to be governed by the Option and Joint Venture Agreement dated February 25, 2011 (the "Nivloc Agreement") between SRC and IMMI.

International Millennium Mining Corp. is a mineral exploration and development company, engaged in acquiring known smaller mine deposits, such as its Nivloc, Nevada silver-gold mine project, in the Americas, with the goal of advancing the properties to the mining stage. Emerging targets include silver, gold, copper, zinc and lead. The Company's common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

John A. Versfelt, President & CEO

Further information about the Company can be found on the IMMC website (www.immc.ca) or on SEDAR (www.sedar.com).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Contact Information

  • International Millennium Mining Corp.
    Ms. Sheri Barton
    403-217-5830
    sheribarton@telus.net

    International Millennium Mining Corp.
    Mr. John Versfelt
    President & CEO
    604-527-8135
    www.immc.ca