Ivany Nguyen Inc.
OTC Bulletin Board : IVNG

Ivany Nguyen Inc.

March 26, 2008 09:00 ET

Ivany Mining to Commence an Airborne Geophysical Survey Over Pb/Zn Target area on the Zama Lake Project in Northern Alberta

MONTREAL, QUEBEC--(Marketwire - March 26, 2008) - Ivany Mining Inc. (OTCBB:IVNM) ("Ivany") is pleased to report that an airborne geophysical survey has begun on its Zama Lake Property which is under option from Star Uranium (TSX VENTURE:SUV) The Zama Lake Property is located approximately 700 km (435 miles) north of Edmonton Alberta. Ivany has engaged the services of Fugro Airborne Surveys to fly a helicopter-borne electromagnetic and magnetic survey using Fugro's HeliGEOTEM® system over Ivany's Zama Lake Property.

Ivany chose the HeliGEOTEM system, which brings together the proven GEOTEM/MEGATEM technology with the greater operational flexibility and improved lateral resolution of helicopter-mounted EM systems. HeliGEOTEM has the advantage of excellent depth penetration, better conductor resolution, shorter survey time and a 40% cost saving over available ground systems. This survey will allow ground follow-up later this season consisting of geological ground-truthing and mapping, which will facilitate a prioritization of drill targets for the upcoming fall season.

The survey will be flown at 200 meter flight line intervals and will encompass approximately 1,667 line kilometres in and around the Zama Lake Project.

Currently, Ivany believes mineralization in Zama Lake appears to be Sedex type (Sedimentary Exhalative) mineralization.

Selection of survey area was based on favorable geological and geophysical signatures and/or known mineralization. The current airborne geophysics survey was commissioned to detect potential electromagnetic targets that may be present on the properties and this program will be completed under the supervision of Mr. Paul A. Hawkins, P. Eng., with Paul A. Hawkins & Associates Ltd. an independent Qualified Person under NI 43-101.


Ivany is a mineral exploration company focused on the strategic acquisition and development of base metal and precious metal projects on a world-wide 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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