INTERNATIONAL ENEXCO LTD. ANNOUNCES WINTER GEOPHYSICAL SURVEY PLANNED AT MANN LAKE, SASKATCHEWAN
Vancouver, Canada -- March 1, 2012 - International Enexco Ltd. (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the "Company" or "Enexco") is pleased to announce that preparations for a geophysical survey over the Mann Lake Uranium Project, situated in Saskatchewan's prolific Athabasca basin are underway. A Stepwise Moving Loop Time Domain EM survey at a cost of $155,400 will be directed by our joint venture partner and project operator, Cameco Corporation ("Cameco") to better establish and define conductor traces and provide future drill targets. The Survey will be conducted by Quantec Geosciences and is scheduled to begin by the end of February.Enexco is a 30% partner in a joint-venture with Cameco (52.5%) and AREVA (17.5%) to explore the Mann Lake Uranium Project in the Athabasca Basin in Saskatchewan. The Mann Lake Uranium Project lies 20 km from Cameco's McArthur River Mine and is 15 km from Cameco's Millennium deposit. High-grade uranium was discovered at Mann Lake during a 2007 drill program. The two highest grade intervals averaged 7.12% U308 over 0.25 m and 5.53% U308 over 0.4 m at depths of just over 500 m. About International Enexco Ltd.
International Enexco Ltd is a North American exploration and development company focused on the feasibility stage Contact Copper Project in northern Nevada. The Company also pursues gold and silver exploration in Idaho and Nevada, and is advancing the Mann Lake Uranium Project located in Saskatchewan's prolific Athabasca basin. This project is a joint venture with Cameco as operator and Areva---two of the world's largest uranium companies.
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
"G. Arnold Armstrong"President & CEO
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International Enexco is a copper and uranium development stage company based in Canada.
International Enexco holds various exploration projects in Canada.
Its main exploration properties are LOOMIS, HOT POT PROJECT, MANN LAKE, CONTACT COPPER and MANN LAKE (JV) in Canada.