International Minerals Corporation
Swiss : IMZ

International Minerals Corporation

November 14, 2006 08:30 ET

International Minerals Reports on Its Annual General Meeting

New Vice President Appointed

SCOTTSDALE, ARIZONA--(CCNMatthews - Nov. 14, 2006) - International Minerals Corporation (the "Company") (TSX:IMZ)(SWX:IMZ)(FWB:MIW) held its Annual General Meeting of Shareholders ("AGM") on November 6, 2006. The Company reports that, with the exception of one item, all management proposals put forward at its AGM were approved by the shareholders on a vote by show of hands. These approved proposals included: setting the number of directors at seven; approval of management's nominees as directors; approval of the current auditor, Davidson & Company; and an amendment to the Company's Articles to allow the Company to hold its shareholder meetings in the United States as well as in Canada. The item pertaining to a proposed amendment to increase the number of common shares reserved for issuance under the Company's approved Stock Option Plan from 6.5 million common shares to 8.5 million common shares, subject to Toronto Stock Exchange ("TSE") approval, was approved on a majority basis (63.04% for and 36.96% against) by disinterested shareholders based on a poll.

As a result of the election by the shareholders of management's seven nominees for directors, the Company's Board of Directors for the current year comprises: Stephen Kay, Rod McKeen, Jorge Paz Durini, Tom Garagan, Gabriel Bianchi, Alan Matthews and Michael Smith. Messrs. Garagan, Bianchi, Matthews and Smith are the four independent directors of the Company.

Subsequent to the Annual General Meeting, at a meeting of the Board of Directors, Mr. Craig Duncan was appointed as Vice President Corporate Affairs for the Company. The Company is pleased to add Mr. Duncan's extensive experience in South America (over 30 years) with industrial and mining companies. Fluent in Spanish, Mr. Duncan has been a consultant with a TSE-listed gold-copper exploration company transitioning into production in Chile and Argentina and a private US-based emerald company operating in Brazil that is planning an AIM listing in London. Previously, he was a commercial banker with Citibank in Chile and Venezuela and a private equity consultant for Merrill Lynch focusing on the Latin American market. In addition, he was President and General Manager of two Coca-Cola bottling plants in Bolivia and a copper manufacturing/coin company in Chile. Mr. Duncan is based in North Stamford, Connecticut and holds a BA in History from Columbia University and is a graduate of the Advanced Management Program at Harvard Business School.


Stephen J. Kay, President and CEO

The Toronto, Swiss and Frankfurt Stock Exchanges neither approve nor disapprove the information contained in this News Release.

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