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IMMC ENGAGES INVESTOR
RELATIONS SERVICE PROVIDERS IN EUROPE and ELECTS new director
North Vancouver, BC, July 6, 2007 –
International Millennium Mining Corp. (TSX-V: IMI) (“IMMC” or
the “Company”) announces that it has entered into Investor
Relations Agreements with Michael Forster and The Fabrice de la
Ferrière & Henri Deegenaar Partnership, subject to regulatory
approval, to provide the Company with retail and institutional investor
relations service in Europe. The objective of this undertaking is to
increase international awareness of the Company and facilitate Company
exposure to current European shareholders and potential investors through
the dissemination of corporate information to a strategic network of
institutions, retail brokerage firms and private investors in Europe.
Mr. Forster is based in Zurich, Switzerland and has worked
in the financial sector for more than ten years, during which time he has
built a significant network of retail clients and financial institutions in
Europe. Previously, Mr. Forster managed Asset Management Switzerland AG,
the largest independent financial services company in Europe. He has
taught courses in finance to financial advisors and currently operates his
own asset management company in Switzerland with over 700 clients. Mr.
Forster holds an executive international MBA from ZFU Switzerland and
Babson College, USA. The initial term of the Investor Relation Agreement
with Mr. Forster is for a period of six months and is renewable on a
quarter-to-quarter basis at the option of the Company. Compensation will
be $2,400 per quarter and Mr. Forster will be granted a two-year incentive
stock option to acquire 50,000 IMMC shares. The option will be exercisable
at $0.40 per share.
Mr. de la Ferrière is based in Paris, France and is
experienced with the introduction of small and medium size companies, in
the mining sector, to knowledgeable institutional investors in Western
Europe. Previously, Mr. de la Ferrière worked in the banking sector
as an analyst and a trader at Caisse Centrale des Banques Populaires.
Mr. Deegenaar, also based in Paris, France, has participated
in the institutional investments sector for 45 years. He was Director of
Economic Research responsible for financial investments with a large French
asset management and insurance company controlled by the AXA Group. Mr.
Deegenaar is the founder and head of a capital development and consulting
company and introduces small cap Canadian, American and Australian
companies to the European investment community.
The initial term of the Investor Relations Agreement between
the Company and The Fabrice de la Ferrière & Henri Deegenaar
Partnership is for a period of six months and is renewable on a
quarter-to-quarter basis, at the option of the Company. Compensation will
be €3,000 per quarter and the Partnership will be granted two year
incentive stock options to acquire 50,000 IMMC shares. The options will be
exercisable at $0.40 per share.
“We are pleased to have the services of Michael
Forster, Fabrice de la Ferrière and Henri Deegenaar to assist us
with strengthening IMMC’s profile in the European economic community.
Mr. Forster, Mr. de la Ferrière and Mr. Deegenaar were selected
because their integrity, standards and methodologies fit best with the
message we wish to communicate to the investing public,” stated John
Versfelt, President and CEO of International Millennium Mining Corp.
Election of New Director
IMMC is pleased to announce the election, at the
Company’s Annual General Meeting, June 14, 2007, of Mr. Peter M.
Miller of Ascot, Berkshire, United Kingdom, to its board of Directors. Mr.
Miller comes to the board with a wide range of international experience in
mineral exploration and mining.
Mr. Miller has 37 years experience in the global mining
industry, commencing his career as a geologist at the West Rand gold mines
in South Africa. Mr. Miller then became involved in the Johannesburg Stock
Exchange. In the late 1970’s he was voted the country’s top
mining analyst on several occasions. Shortly thereafter, he was the
founding member and director of MasterBore, which grew, over a five year
period, to become South Africa’s second largest drilling company.
Mr. Miller, subsequently held senior positions in the corporate finance and
research departments of both Shearson Lehman Brothers and Yorkton
Securities. Currently, Mr. Miller is President & CEO of Iberian
Minerals Corp, which is developing the Aguas Tenidas copper/zinc project in
southwestern Spain and is expected to achieve commercial production in the
latter half of next year.
“We are pleased to have Mr. Miller join our Board and
I know his international knowledge and experience will be a great asset to
International Millennium Mining Corp.,” stated John A. Versfelt,
President and CEO of the Company.
International Millennium Mining Corp. is a mineral
exploration and development company engaged in the acquisition and
exploration of mineral properties in Canada and the Americas. To date the
Company has acquired and is exploring mineral properties in British
Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico.
Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc,
lead, nickel, copper and platinum group metals.
ON BEHALF OF THE BOARD,
“John A. Versfelt”
John A. Versfelt
|President & CEO
Further information about the Company can be found on SEDAR
(www.sedar.com) or by contacting Mr. John A. Versfelt, President & CEO
of the Company or Mr. D. Alex Caldwell, Corporate Secretary at
604-984-9907.
* * * * * * *
The Exchange has not in any way passed upon
the merits of this news release. This news release may contain
forward-looking statements including but not limited to comments regarding
the timing and content of upcoming work programs, geological
interpretations, potential mineral recovery processes and other business
transactions timing. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
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