NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2011) - International Millennium Mining Corp. (News - Market indicators) (FRANKFURT:L9J) ("IMMC" or the "Company") is pleased to announce that it's wholly-owned subsidiary International Millennium Mining Inc., a wholly-owned subsidiary of IMMC, has executed an Option Agreement to purchase an 85% interest in Silver Reserve Corp.'s NL Extension Project Claim Group (the "NL Project") in Nevada. The Option Agreement was preceded by a Letter of Intent between the parties that was signed in October of 2010. Pursuant to the Option Agreement, IMMC will pay SRC $350,000 and issue SRC 1,925,000 common shares of IMMC for the NL Project. The terms of the option agreement provide for payments to SRC over a five-year period for IMMC's interest in the NL Project, vesting at the end of that period. If the NL Project is determined to be economically feasible, based upon criteria described in the option agreement, SRC will be required to fund its portion of the operating budget in order to retain its 15% joint venture interest and to acquire a 15% interest in IMMC's Nivloc Mine Project. In the event that SRC decides not to fund its portion of the budget, its 15% interest would be forfeited, but SRC would be entitled to a 2% net smelter royalty. 

The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. IMMC's Nivloc Mine Project consists of 11 mineral claims located contiguous with the NL Project. The Nivloc Mine operated from 1937 to 1943 with ore grading 1.4175 grams of gold and 311.85 grams of silver per ton, according to public records.

The Company is also pleased to report that it has started its drilling program within the boundaries of the combined claim groups. The initial drill program of up to 8,200 ft., planned by and executed under the supervision of Tom Evans, California Professional Geologist and a Qualified Person under Canadian National Instrument 43-101, is targeted to test the northwest dipping Nivloc vein at the 800 to 900 ft. levels, down to the 1,050 ft. level of the Nivloc Mine.

Mr. Todd Montgomery, Chief Executive Officer of SRC, commenting on the finalized option agreement stated, "I am convinced we reached a win-win agreement. We received a fair price for the interest in our NL Project that IMMC acquired, while retaining a respectable carried interest moving forward. IMMC has acquired a great property that they are excited about exploring for the purpose of identifying a viable silver deposit. Plus, I believe they are a junior company with an aggressive approach to exploration."

Mr. John Versfelt, President and CEO of IMMC, stated, "Working with SRC to close the NL Project acquisition has been a pleasure. Combining IMMC's and SRC's property interests enables IMMC to move forward with a comprehensive exploration and development program that will potentially add significant value to our shareholders' portfolio, while at the same time improving the mining possibilities in the Silver Peak area of Western Nevada."

About Silver Reserve Corp. is a wholly owned subsidiary of Infrastructure Materials Corp., a U.S. junior exploration stage mining company publicly traded on the NASDAQ OTC:BB under the symbol IFAM.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits and in the exploration of polymetallic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in Nevada, USA; Ontario, Canada; and, Sonora State, Mexico. Emerging mineral targets include silver, gold, zinc, lead, and copper. The Company's common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

John A. Versfelt, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacted the people listed below.

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.