Ivany Nguyen Inc.
OTC Bulletin Board : IVNG
FRANKFURT : XNG

Ivany Nguyen Inc.

July 10, 2008 09:00 ET

Ivany Mining Announces Formation of Ivany Potash Inc.

MONTREAL, QUEBEC--(Marketwire - July 10, 2008) - Ivany Mining Inc. (OTCBB:IVNM) (FRANKFURT:IMZ) ("Ivany") is pleased to report that it has formed a new Canadian wholly owned Saskatchewan subsidiary called Ivany Potash Inc. The company intends on pursuing Potash opportunities in Saskatchewan, and abroad.

Ivany Mining Inc. is also pleased to announce that it is entering into Phase 2 of its exploration program on its Zama Lake property, which is under option by Star Uranium Corp. (TSX VENTURE:SUV)

Ivany Mining Inc. is a junior mineral exploration company focused on the strategic acquisition and development of mineral properties on a worldwide basis.

Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements, are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ. Some of the factors that may affect the forward looking statements in this news release are the risk that commercially exploitable reserves of minerals may not exist on some of our properties, the risk that we may not be able to profitably recover any reserves which do exist, other unique difficulties and uncertainties inherent in mineral exploration business, and the speculative overall nature of commercial exploration for minerals.

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