Integra Mining Limited (ASX: IGR)

ACQUISITION of additional tenements

in the mount monger area

Integra Mining Limited (ASX: IGR – “Integra”) is pleased to announce that the Company has completed a two-part transaction to acquire a controlling interest in 23 granted prospecting permits, one granted exploration licence and one application for a prospecting permit adjacent to the Company's Mount Monger Project.  The tenements have an area of approximately 35 square kilometres.

Integra considers these areas as prospective for bulk tonnage gold mineralisation and further consolidates the region 'in the shadow of the headframe' of the Company's expected mine development areas.

The transactions include the acquisition of an approximate 20% interest from Solomon (Australia) Pty Ltd for a consideration of 836,030 fully paid Integra shares with a notional transaction value of $500,000 and an agreement with Newcrest Operations Pty Ltd to revert an 80% interest to a 15% free-carried interest to a Decision to Mine.  The effect of these transactions provides Integra with a controlling interest of 85% in the tenements to a Decision to Mine, at which point Newcrest may elect to contribute to capital and retain a 15% interest or can elect to have Integra acquire Newcrest's 15% interest at a value to be determined by an independent party in accordance with the ValMin Code.

A project location map is attached showing the area subject to this transaction.

Yours sincerely,

Chris Cairns

Managing Director

Figure 1.  Integra Projects.

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