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Vancouver, B.C. - October 18, 2010. International Enexco Ltd. (TSXV - IEC) (the "Company" or "Enexco") is pleased to announce that it has satisfied the TSX Venture Exchange's ("TSX.V") requirements for listing as a Tier 1 issuer pursuant to Policy 2.5 -- Tier Maintenance Requirements and Inter-Tier Movement and, accordingly, the TSX.V has approved International Enexco's graduation to Tier 1. Enexco's tier classification will change from Tier 2 to Tier 1 effective October 19, 2010,
Arnold Armstrong, President & CEO of International Enexco stated today that:
"The acceptance by the TSX.V of our application for status as a Tier 1 issuer reflects International Enexco's accomplishments to date; in particular our advancements made at our Contact Copper Project in Nevada and our partnership with both Cameco Corp. and AREVA. We believe this graduation recognizes Enexco's profile as an up and coming base metals producer and an advanced uranium explorer".
ABOUT INTERNATIONAL ENEXCO
Enexco is a Canadian based advanced exploration company headquartered in Vancouver, B.C. In addition to its 100% owned advanced Contact Copper Project, in Elko County, Nevada, the Company is exploring a number of gold prospects in Nevada and is a 30% partner in joint-venture with Cameco Corporation (operator and 52.5% partner and AREVA (17.5%) to explore the High-Grade Mann Lake Uranium Project in the Athabasca Basin in Saskatchewan.
For further information on all of Enexco's projects, visit our website at: www.enexco.ca
Paul McKenzie, Director, or Scott Parsons - International Enexco Limited
Tel: (604) 669-8368 Fax: (604) 642-2629
"Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." |