International Millennium Mining Corp.

International Millennium Mining Corp.

September 03, 2009 09:00 ET

International Millennium Signs Letter of Intent to Vend Interests in Kenora Ontario Area Properties to Canadian Star Minerals Ltd

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2009) - International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI) (FRANKFURT:L9J) announces that it has signed a letter of intent ("LOI") with Canadian Star Minerals Ltd. ("CSML") of Toronto, Ontario, whereby CSML is entitled to acquire one hundred percent (100%) interest in the High Lake Project and fifty-one percent (51%) interest in the Electrum Lake Property, subject to a partially re-purchasable two percent (2%) net smelter return royalty. Both properties are situated near Electrum Lake, northwest of Kenora Ontario. Under terms of the LOI, CSML will acquire its interest in the High Lake Property by making a one hundred thousand dollar ($100,000) cash payment and by issuing two hundred thousand (200,000) shares to IMMC on closing of the formal agreement. CSML will acquire its interest in the Electrum Lake Property by expending $750,000 over a period of up to ten (10) years at an average rate of not less than $75,000 per year and by then delivering to IMMC, a further five hundred thousand (500,000) shares of CSML.

The properties are contiguous and are located in the Indian Bay Map Area, in Kenora Mining Division. The Properties comprise approximately 1,349 hectares.

About International Millennium Mining Corp.

International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of polymetallic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. The Company's common shares trade on the Frankfurt Exchange under the symbol: L9J and on the TSX Venture Exchange under the symbol: IMI.


John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (

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.

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.

Contact Information

  • International Millennium Mining Corp.
    John A. Versfelt
    President & CEO
    (604) 984-9907
    (604) 983-8056 (FAX)
    International Millennium Mining Corp.
    Lindsay Malcolm
    (604) 569-2508
    International Millennium Mining Corp.
    Wayne Meredith
    (604) 569-2509