INV Metals Inc.

INV Metals Inc.

November 10, 2011 07:00 ET

INV Metals Reports Q3/2011 Results

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2011) - INV Metals Inc. ("INV Metals" or "Company") (TSX:INV) reports its financial results for the three and nine month periods ended September 30, 2011 (see INV Metals' unaudited 2011 interim consolidated financial statements and MD&A filed on SEDAR at and on the Company's web site at

Q3/2011 Results

The Company recorded a net loss of $3,968,489 or $0.06 per share for the three month period ended September 30, 2011 ("Q3/2011"), compared with a net loss of $449,254 or $0.01 per share for the corresponding period ended September 30, 2010 ("Q3/2010"). The Company's cash balance as at September 30, 2011 was $14.2 million, compared to $21.3 million at year end 2010; the decrease was mainly due to the Company's exploration expenditures on its properties in Namibia and Brazil.

About INVMetals

INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV™ Metals' primary assets are: (1) its option to acquire an initial 50% of the Rio Novo property, located in Brazil, (2) its option to acquire an initial 50% of the Kaoko property, located in Namibia, (3) its 100% owned Itaporã gold properties, located in Brazil and (4) its option to acquire 50% of the Thorne Lake gold property, located in northwestern Ontario. Please also refer to the INV™ Metals' website at to view additional details relating to the properties.

Contact Information