Ivernia Inc.

Ivernia Inc.

December 15, 2010 06:00 ET

Ivernia Appoints D'Arcy Doherty as Vice President, Legal & General Counsel

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Ivernia Inc. ("Ivernia" or the "Company")(TSX:IVW) is pleased to announce the appointment of D'Arcy Doherty as Vice President, Legal and General Counsel of Ivernia, effective January 4, 2011. Mr. Doherty will be responsible for Ivernia's legal affairs and corporate administration and will provide counsel on commercial agreements, transactions and continuous disclosure requirements.

Alan De'ath, President and CEO of Ivernia, commented: "The addition of D'Arcy to the senior management team at Ivernia is a tremendous asset. His breadth of knowledge of securities law, combined with his experience representing TSX-listed mining companies rounds out our senior team as we move forward with the ramp-up to full production levels at the Magellan Mine and pursue our corporate growth strategy."

Most recently, Mr. Doherty was a partner with one of Canada's largest law firms, practicing corporate and securities law, with an emphasis on corporate finance and public company regulatory compliance. He holds a B.A. from McGill University and an LL.B. from the University of Victoria. Mr. Doherty, who will be based in Toronto, is a member of the Ontario bar.

Mr. John Pitcher, General Counsel and Secretary, will be retiring from the Company effective December 31, 2010.

About Ivernia:

Ivernia is an international base metal mining, exploration and development company. The Company is the sole owner and operator of the Magellan Mine in Western Australia, which restarted operations in early 2010 and is ramping up to full production. When target production levels are achieved the mine is expected to be a significant pure lead producer, accounting for approximately 2% of annual global lead mine production.

Ivernia trades under the symbol "IVW" on the Toronto Stock Exchange. Additional information on Ivernia is available on the Company's website at www.ivernia.com and at SEDAR at www.sedar.com.

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