IMMC RSS NEWS

International Millennium Mining Corp. Reports 3rd Quarter Results

Mon, 29 Nov 2010 00:00:00 GMT

International Millennium Mining Corp. Reports 3rd Quarter Results

North Vancouver, B.C. - International Millennium Mining Corp. (the “Company”) (TSX-V:IMI) reports its financial statements and MD&A (the “Quarterly Report”) for the 3rd Quarter ended September 30, 2010 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Summary of 3rd Quarter Ended

Cdn ($)	3rd Quarter Fiscal 2010	3rd Quarter Fiscal 2009	Year to Date Fiscal 2010
General and Administration Expenditures	$ 70,894	$ 77,241	$ 273,228
Stock Based Compensation	$ -	$ -	$ -
Interest Income	$ -	$ -	$ -
Write Down Mineral Properties	$ 355,264	$ 35,674	$ 377,455
Net Loss	$ (426,158)	$ (101,915)	$ (624,058)
Net Loss per share	$ (0.01)	$ (0.00)	$ (0.01)

As at	September 30, 2010	December 31, 2009
Deferred Mineral Property Expenditures	$ 3,357,732	$ 2,879,562
Total Assets	3,436,682	3,101,011
Total Liabilities	250,555	283,473
Share Capital	11,586,634	10,506,987
Common Shares Outstanding	53,554,180	35,336,943
Fully Diluted Shares Outstanding	68,497,799	41,171,943

Summary Discussion

During the quarter ended September 30, 2010 the Company recorded a net loss of $426,158 as compared to a net loss of $101,915 during the quarter ending September 30, 2009. The primary reason for the difference is as follows:

i) The Company abandoned or transferred 82 claim units at its Cobalt properties resulting in a write down of $355,264.

During the first nine months of fiscal 2010, the Company finalized two private placements by issuing 18,217,237 units for total proceeds of $1,161,784. These proceeds were used to fund the drill program on the Simon property that was completed in June, 2010.

The Company’s working capital has decreased to a deficit of $174,383 at September 30, 2010. Subsequent to the quarter end, the Company closed a private placement of $790,000 to fund a drill program on the Nivloc Property and provide additional working capital to eliminate the deficit at September 30, 2010.

The Company also transferred almost all property payments and required exploration expenditures to joint venture partners with the exception of a $2,000 USD monthly payment required for the Simon Property. During fiscal 2009, the Company transferred or eliminated all significant required expenditures and property payments with the Canadian Star acquisition of the High Lake and Electrum Lake, Ontario properties; the continuing Mexico and Cobalt joint ventures; the termination of the Harrison Lake Property joint venture; and, the termination of the Jason Property Agreement. The Company has 12,133,619 warrants outstanding that, if exercised, would result in additional $1,238,362.

Cash reserves decreased to $63,569 at September 30, 2010 from $231,423 at June 30, 2010. The Company invests excess cash in short-term interest bearing investments. Its working capital position has decreased to a deficit position of $(174,383) at September 30, 2010. The Company has 12,133,619 warrants outstanding. If exercised, this would result in an additional $1,238,362.

Subsequent to the quarter end, the Company completed a private placement for $790,000. The Company will use the proceeds of the private placement to conduct a diamond drilling program on its Nivloc property in Nevada and for working capital.

Comparison of quarter ending September 30, 2010
General and administration costs decreased by 8% during the third quarter of fiscal 2010 when compared to the third quarter of fiscal 2009 and by 37% when compared to the second quarter of fiscal 2010. There was no significant change in accounting and legal when comparing the third quarter of fiscal 2010 to the comparable period in fiscal 2009, but a significant decrease to $10,736 in the third quarter of fiscal 2010 as compared to $31,644 in the second quarter of fiscal 2010. This decrease was a result of non-recurring legal fees incurred during the second quarter of fiscal 2010 as a result of the lawsuit regarding the Simon Property.

Administration costs decreased slightly during the third quarter of fiscal 2010 to $12,000 as compared to $16,457 in the third quarter of fiscal 2009. The higher fees in fiscal 2009 were due to fees incurred on investigating potential new properties. Promotion and trade show costs decreased to $16,731 during the third quarter of fiscal 2010 as compared to $24,875 incurred during the third quarter of fiscal 2009. The Company incurred higher promotion costs during the third quarter of fiscal 2009 because of work carried out with respect to the private placements. Printing and shareholders’ information increased by 48% to $17,107 in the second quarter of fiscal 2010 as compared to $11,574 in the second quarter of fiscal 2009, due to the additional costs for the annual report and a significant increase of 99% compared to the $410 incurred during the first quarter of fiscal 2010, when no printed material was required.

Travel costs decreased slightly during the third quarter of fiscal 2010 to $2,846 from $3,404 in the third quarter of fiscal 2009 and increased by 92% from $1,481 in the second quarter of fiscal 2010. The change is s result of timing on travel for raising funding and for travel to the properties in Nevada.

Comparison of the nine month results to September 30, 2010
During the first nine months of fiscal 2010 accounting and legal fees increased by $34,935 to $65,623 as compared to $30,688 during the comparable period in fiscal 2009, as a result of the legal fees incurred with respect to the litigation process against the Bedford Estate and legal fees incurred due to investigations of new properties. Due to cost saving strategies implemented during fiscal 2009, there is no significant variance on administration and salaries and benefits. The Company incurred higher costs in the preparation and delivery of the annual report during fiscal 2010 as compared to fiscal 2009.

The Company recorded a net loss of $624,058 for the nine months ended September 30, 2010, as compared to a net loss of $220,847 in the nine months ending September 30, 2009. The primary difference results from the higher legal fees and the Cobalt property write down.

Management is focused on precious metal polymetallic projects in the Americas and is working towards building a strong, stable and well financed mineral exploration and small mines mining company.

At November 26, 2010, the Company had a total of 53,554,180 common shares issued and outstanding, 12,133,619 share purchase warrants outstanding and 2,810,000 incentive stock options outstanding.

Concurrently with this news release, the Company is filing its 3rd Quarter Report with the regulatory authorities through SEDAR (www.sedar.com) and has mailed it to shareholders who have requested copies and whose names appear on the Company’s Supplemental List. A copy of the Quarterly Report is available on the SEDAR website, or will be mailed upon request. Additional information about International Millennium Mining Corp. and its mineral property interests, including technical reports, is available on the internet at the SEDAR website, namely www.sedar.com.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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

John A. Versfelt,
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

_{Neither 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. 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.}

International Millennium Closes $790k Private Placement & Gears-up to Drill Test Nivloc ...

Mon, 08 Nov 2010 18:40:20 GMT

North Vancouver, BC: Further to the International Millennium Mining Corp. (the “Company”) (TSX-V: IMI) announcement of October 7, 2010, the Company has closed its $0.05/unit private placement at $790,000. Each unit comprised one (1) common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase an additional share for $0.10 if exercised on or before November 1, 2012. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending March 2, 2011. The placement documents have been conditionally accepted for filing by the TSX Venture Exchange. Finder’s fees will be paid and broker unit warrants will be issued by the Company with respect to a portion of the placement. Broker unit warrants entitle the holder to acquire one broker unit at $0.05 per unit if exercised on or before November 1, 2012, each broker unit is comprised of one share and one ordinary share purchase warrant entitling the holder to acquire one additional share for $0.10 on or before November 1, 2012.

The Company will use the proceeds of the private placement to conduct a diamond drilling program on its properties in Nevada and for working capital. The Company is currently preparing to undertake a 2500 meter diamond drill exploration program to test the historic mineralized blocks on the Company’s Nivloc Mine silver and gold property in Esmeralda County, Nevada. The program is expected to commence in late November 2010.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt
President and CEO

* * * * * * *

Neither 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. 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.

IMMC Signs Letter of Intent to Acquire Ground Surrounding its Nivloc Mine in Nevada

Thu, 14 Oct 2010 14:52:02 GMT

International Millennium Mining Corp. (“IMMC” of the “Company”) announces that it has signed a Letter of Intent with Silver Reserve Corp. (“SRC”) whereby the parties will finalize an option agreement pursuant to which IMMC will acquire the right to purchase up to 85% interest, subject to 2% NSR royalty, in 18 lode claims contiguous with and surrounding the Company’s existing Nivloc Mine property in the Silver Peak mining district, Esmeralda County, Nevada. Subject to TSX Venture Exchange acceptance, IMMC is to acquire its interest in the 18 claims by making cash payments of US$350k and by issuing 1,925,000 shares over the next five years. Following IMMC acquisition and a positive IMMC feasibility study, the entire 27 claim, Nivloc Mine property is to be developed and mined on an 85:15 joint venture basis with SRC.

Tom Evans, California Professional Geologist, and a Qualified Person, under NI 43-101 advises, the Nivloc Mine is a past producing mine identified as a vein deposit resource documented by Anaconda Minerals and Desert Silver sampling and partially verified by Sunshine Mining Company drilling in 1985. Sunshine Mining calculated a possible (historic non NI 43-101 compliant) resource of 621,314 short tons at a grade of 4.5opt (ounces per ton) silver (Ag) and 0.03 opt gold (Au) based on an assumed 12 feet mining width. Mr. Evans comments that the Sunshine calculation is believed to be conservative in light of Montreal geologist, H.J. Bergmann, P.Eng statements in a 1956 report, representing that the average grade mined at the Nivloc between 1937 and 1943, when a mill was operating at the Nivloc site, was 12.8 opt Ag and 0.05 opt Au. Mr. Evans advises that an August 1946, report by Nivloc Mines, Inc. states that some of the un-mined resource averaged 12.2 opt Ag and 0.069 opt Au and that the same report mentions five sections of mineralization of unknown size averaging 15-16 opt Ag and 0.10 opt Au. These reports, advises Mr. Evans, also suggest that gold values appeared to be increasing with depth down dip on the limonitic quartz-calcite vein structure. The reader is warned that data in these old reports are unsubstantiated and cannot be relied upon or, at this point, verified due to poor mine access.

As these historic numbers suggest the possible conservative nature of previous grade estimates, IMMC’s program, as proposed by Mr. Evans, would include angle core holes to test below the 750 and 900 feet levels of the northwest dipping vein. IMMC is planning a drill program for the Nivloc Property to commence in mid to late November.

About Silver Reserve Corp.
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.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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

John A. Versfelt,
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 (waynem@immc.ca) or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

IMMC Acquires Simon Mine in Settlement and Announces Private Placement

Thu, 07 Oct 2010 15:09:43 GMT

International Millennium Mining Corp. (the “Company”) announces that it has reached a settlement of its lawsuit in U.S. District Court in Reno, Nevada, against the Estate of Nadean Bedford (the “Estate”), and certain of the Estate’s remaining beneficiaries. The Estate is the owner of the Company’s Simon Mine property. Pursuant to the terms of the settlement, the Company has acquired sole and exclusive ownership of 100% of the rights, titles and interests in and to the Simon Mine. Terms of the settlement also require the Company to pay US$80,000 in two lump-sum cash payments ($35,000 now and $45,000 a year from now) and increase the monthly payments from US$1,170 to US$2,000 to the remaining beneficiaries for 232 months or until the Company no longer wishes to hold any further interest in the Simon Mine, whereupon the Company would deed the Simon Mine back to the remaining beneficiaries of the Estate. A trust deed in favour of the remaining beneficiaries is to be held in escrow as security for the remaining monthly payments.

Private Placement
The Company also announces a $750,000 private placement. The placement is to consist of units priced at $0.05 per unit, with each unit comprised of one (1) common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase an additional share at $0.10 per share for a period of two (2) years from the date of issuance. The Company will pay up to an 8½% finder’s fee and issue broker unit warrants up to 8½% of the private placement units on a portion of the placement. Broker unit warrants entitle the holder to acquire one broker unit at $0.05 per unit, each unit consisting of one (1) common share and one (1) ordinary share purchase warrant entitling the holder to purchase an additional share for $0.10. The placement is subject to regulatory acceptance.

The Company will use the proceeds of the private placement for exploration work on its Nevada mineral properties and for working capital.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mine deposits world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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

John A. Versfelt,
President and CEO
Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

International Millennium Mining Corp. Reports 2nd Quarter Results

Tue, 31 Aug 2010 21:13:35 GMT

International Millennium Mining Corp. (the “Company”) (TSX-V:IMI) reports its 2nd Quarter 2010 financial statements and MD&A (the “Quarterly Report”) for the 2nd Quarter ended June 30, 2010 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Summary of 2nd Quarter Ended

Cdn ($)	June 30, 2010	June 30, 2009	Year to Date Fiscal 2010
General and Administration Expenditures	$ 112,841	$ 84,578	$ 202,334
Stock Based Compensation	$ -	$ -	$ -
Interest Income	$ -	$ 311	$ -
Net Loss	$ (86,866)	$ (55,578)	$ (197,900)
Net Loss per share	$ (0.00)	$ (0.00)	$ (0.00)

As at	June 30, 2010	December 31, 2009
Deferred Mineral Property Expenditures	$ 3,576,218	$ 2,879,562
Total Assets	$ 3,816,305	$ 3,101,011
Total Liabilities	$ 204,020	$ 283,473
Share Capital	$ 11,586,634	$ 10,506,987
Common Shares Outstanding	53,554,180	35,336,943
Fully Diluted Shares Outstanding	68,497,799	41,171,943

Summary Discussion

At June 30, 2010, the Company had a total of 53,554,180 common shares outstanding.

During the quarter ended June 30, 2010 the Company recorded a net loss of $86,866 as compared to a net loss of $55,578 during the quarter ending June 30, 2009. The primary reasons for the difference are as follows:

- Higher legal fees incurred as a result of litigation against the Bedford Estate, the underlying owner of the Simon Property;
- Increased cost for the preparation and distribution of the Annual Report.

During the first six months of fiscal 2010, the Company finalized two private placements by issuing 18,217,237 units for total proceeds of $1,161,784. As a result, the Company has sufficient working capital to meet all its obligations. The Company also transferred almost all property payments and required exploration expenditures to joint venture partners with the exception of a $1,170 USD monthly payment required for the Simon Property. During fiscal 2009, the Company transferred or eliminated all significant required expenditures and property payments with the Canadian Star acquisition of the High Lake and Electrum Lake, Ontario properties; the continuing Mexico and Cobalt joint ventures; the termination of the Harrison Lake Property joint venture; and, the termination of the Jason Property Agreement. The Company has 12,133,618 warrants outstanding that, if exercised, would result in additional $1,238,362.

Accounting and legal fees increased during the quarter ended June 30, 2010, to $31,644 from $11,470, in the comparable period in fiscal 2009 primarily due to additional legal fees expended with respect to the lawsuit with the Simon Property. Administration costs, director fees, transfer agent filing fees and salaries and benefits remained constant during the comparable quarters. Printing and shareholders’ information increased by 48% to $17,107 in the second quarter of fiscal 2010 as compared to $11,574 in the second quarter of fiscal 2009 due to the additional costs for the annual report and a significant increase of 99% from the $410 incurred during the first quarter of fiscal 2010. Travel costs increased during the quarter from $964 in the second quarter of fiscal 2009 to $1,481 in the second quarter of fiscal 2010 due to travel costs incurred to observe the drilling program on the Simon Property. The Company incurred a loss on foreign exchange on the USD due to the strengthening Canadian dollar during the second quarter of fiscal 2010.

The Company recorded a net loss of $197,900 for the six months ended June 30, 2010, as compared to a net loss of $118,932 in the quarter ended June 30, 2009. The primary difference results from the higher general and administration costs write downs of resource properties recorded in during the first quarter of fiscal 2010 compared to the first quarter of fiscal 2009.

Cash reserves decreased to $231,423 at June 30, 2010 from $650,483 at March 31, 2010. The Company invests excess cash in short-term interest bearing investments. Its working capital position has decreased to $33,033 at June 30, 2010. The Company has 12,133,618 warrants outstanding that, if exercised, would result in additional $1,238,362.

The Company is working towards the next phase of drilling on the Simon Property and has also filed a drill plan for the Nivloc Property with the appropriate State of Nevada and federal land departments.

Management is focused on precious metal polymetallic projects in the Americas and is working towards building a strong, stable and well financed mineral exploration and small mines mining company.

At August 27, 2010, the Company had 2,810,000 incentive stock options exercisable for $0.10 granted to directors, officers, employees and consultants expiring December 30, 2012.

Concurrently with this news release, the Company is filing its 2nd Quarter Report with the regulatory authorities through SEDAR (www.sedar.com) and has mailed it to shareholders who have requested copies and whose names appear on the Company’s Supplemental List. A copy of the Quarterly Report is available on the SEDAR website, or will be mailed upon request. Additional information about International Millennium Mining Corp. and its mineral property interests, including technical reports, is available on the internet at the SEDAR website, namely www.sedar.com.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt
President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

IMMC Confirms New Mineralized Zone At Simon Project, Mineral County, Nevada

Wed, 18 Aug 2010 23:54:02 GMT

International Millennium Mining Corp. (the “Company” or “IMMC”) has received assay results from diamond drill holes S10-3 and S10-7, at its Simon Mine project in Mineral County, Nevada. These assay results confirm the presence of significant silver (Ag), lead (Pb) and zinc (Zn) mineralization in a previously unexplored and un-mined block of ground situated between the old No. 1 and No. 3 production shafts. This mineralization occurs at or near a shallow dipping contact between alaskite, rhyolite breccia and Luning limestone approximately 40 feet below the old 353 ft. level and above the 500 ft. level of the Simon Mine. IMMC has completed 7 diamond holes, the location, azimuth, angle, and geology of which were documented in Company news releases dated June 1, 2010 and July 6, 2010.

A Summary Of Results From 7 Drill Holes Follows:

S10-1: NO SIGNIFICANT MINERALIZATION: Hole lost above target depth

S10-2: NO SIGNIFICANT MINERALIZATION

S10-3: SIGNIFICANT INTERCEPT:

	INTERVAL
	From (ft)	To (ft)	(Ft)	Silver g/t	Lead %	Zinc %	Gold g/t
	359.8	387.0	27.2	27	1.05	1.04	0.019
Including:	362.0	375.7	13.7	43	1.67	1.65

S10-4: ANOMALOUS INTERCEPT:

	371.0	388.0	17.0	11	0.17	0.20	trace
	452.6	477.0	5.6	5.6	0.29	0.50	trace

S10-5: SIGNIFICANT INTERCEPT:

423.7

425.2

1.5

43.0

1.65

0.72

trace

S10-6: NO SIGNIFICANT MINERALIZATION

S10-7: SIGNIFICANT INTERCEPT:

	361.0	389.9	28.9	62.3	2.38	2.0	0.065
Including:	361.0	370.5	9.5	104.0	4.39	3.29
	388.5	389.9	1.4	105.0	4.58	7.07

The interval 323.5 ft. to 361 ft. showed strongly anomalous silver, lead and zinc values.

The mineralization found in hole S10-7 below 361.0 ft. compares favourably with recorded historic production grades at the Simon Mine between 1919 and 1969. M. Malkoski, in his 1989 report entitled “Geology, Mineral Deposits, and Proposed Exploration at The Simon Mine, Bell District, Mineral County, Nevada” prepared for American Gold Resources Corporation, describes Simon Mine production during that period as “…97,823 tons at grades of 3.20 opt (ounces per ton) Ag, 4.8% Pb and 5.4% Zn.” and a May, 2006, NI43-101 compliant report done for IMMC, titled “Technical Report on the Simon Mine (Ag-Pb-Zn-Cu) Property Mineral County, Nevada," by Sears, Barry & Associates Limited, S.M. Sears, P.Geo., reports documented production at the Simon Mine for the 1921 – 1968 period as 94,838 tons having an average grade of 3.18 oz/ton Ag, 4.8% Pb and 5.37% Zn.”

Mineralized zones found in S10-3 and S10-7 are 95 ft. (28.96m) apart along the same contact and will be infill drilled as part of the next drilling program. The ground east of S10-7 is open for drilling for approximately 160 ft. (48.77m) over to the main Simon deposit mined from the No. 1 shaft, providing a 255 foot (77.72m) additional mineralization strike opportunity from S10-3.

IMMC’s July 6, 2010 news release included information on a -45 degree RC hole, SR-17, drilled by American Gold Resources (AGR) that intercepted an un-mined hanging wall zone east and adjacent to the main ore body. This relatively shallow intercept, 200 feet below surface, assayed 2.79 opt Ag, 2.91% Pb and 3.30% Zn over 60 ft. occurs 354 ft. (107.9m) vertically above the reported (361.0 ft. to 389.9 ft.) intercept in S10-7, thus providing a 354 ft. (107.9m) interval as a target for infill drilling in order to determine if the S10-7 zone and the reported SR-17 zone are connected.

The drill assay intervals were calculated using the weighted average method. Drill core analysis and assaying was conducted by ALS Chemex which is an ISO Certified laboratory. The following analytical methods were utilized by ALS Chemex: ME-MS61, multi-element, ME MS81, multi element including rare earth analysis, PGM-ICP23, AU-AA23, OG62 for lead and zinc higher grade intervals and OG62b for silver checks. Descriptions of these analytical methods can be seen at ALS Chemex web-site (www.chemex.com). The Company has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples was conducted in accordance with the best possible practices.

Thomas L. Evans, California Professional Geologist, and a Qualified Person, under NI 43-101 who is in charge of the drill program, prepared and approved the contents of this news release.

About International Millennium Mining Corp.

International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known former producing small mines 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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

John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

Simon, Nevada Drilling Intersects Strong Sphalerite/Galena Mineralization In Drill Hole No. Seven

Tue, 06 Jul 2010 15:15:14 GMT

International Millennium Mining Corp. (the “Company” or “IMMC”) has, completed diamond drill holes S10-4, 5, 6 & 7 at its Simon Base Metal / Silver Project in Mineral County, Nevada. Total core footage of 5,780 feet (1,762 meters) has been drilled to date in 7 holes.

Qualified Person, California Professional Geologist, Thomas L. Evans, reports drill hole S10-4 was drilled to a depth of 597 feet from the same pad and on the same section as S10-3 (reported on in June 1, 2010 News Release) but at a flatter minus 65^o angle to test the favorable rhyolite–limestone contact to the south of the strong Pb/Zn mineralization found in S10-3. Drill hole S10-4, collared in rhyolite welded tuff (Simon Rhyolite), encountered strongly brecciated, sericite altered rhyolite, felsite and alaskite. Weak to moderate sphalerite-galena-pyrite mineralization occurs from 327.5 - 328.6 ft. and again from 377.8 – 381.0 ft. The hole hit limestone at 452.5 ft. where only minor amounts of sphalerite were noted.

Hole S10-5, drilled to a depth of 466 ft., was collared 100 ft. behind (northerly) S10-3 & 4 and on the same section at a minus 72^o angle, at NAD 27 UTM coordinates E424580, N4268685. This hole drilled through similar rhyolite and breccia geology to the limestone contact at 425 ft. where 1.5 ft. of moderate to good galena-sphalerite with chalcopyrite and arsenopyrite occurred from 423.7-425.2 ft.

Hole S10-6 was collared 400 ft. east of S10-5 and 400 ft. north-northeast of the old No. 1 shaft. S10-6 was designed to duplicate angled reverse circulation (RC) hole SR-17, drilled by American Gold Resources (AGR) in 1988 and known to have a good Pb, Zn and Ag intercept (Barringer and Bondar Clegg assays being available). However, the exact azimuth and dip angle of SR-17 were not known at the time IMMC drilled S10-6. Only after purchasing a complete AGR data package on June 10, 2010 from Magallan Resources, a small Utah exploration company, were the azimuth and dip obtained. As it turned out, IMMC’s S10-6 was drilled on the correct site and azimuth (Az) at S30^oW (210^oAz), but at minus 68^o instead of minus 45^o and thus missed the intercept drilled in SR-17. This drill hole will be re-drilled at the correct dip with a slight variance in azimuth when the Company returns for phase 2 drilling. ARG’s SR-17 intercept is noteworthy and is reported as follows from assay certificates and from a February 21, 1989 report on behalf of ARG by Mark Malkoski:

RC HOLE SR-17 INTERCEPT NORTH AND IN HANGING WALL OF SIMON MINE

From ft.	To ft.	Length ft.	OPT Ag	% Pb	% Zn	Description
265	325	60	2.79	2.91	3.30	Low-grade halo near old slope
325	437	112’	2.13	2.67	3.60	Stope-fill and remnant pillars

(Assays by Barringer with check assays by Bondar Clegg confirming the results are believed to be accurate)

Shorter intervals assayed higher grades.
Significantly, from a mining standpoint, the values were reported as zinc and lead sulphides, not oxides. Oxides would be difficult to recover in a milling process. Silver presumably occurs with the mineral galena (Pb S).

IMMC’s drill hole S10-7 appears to be the best hole so far and contained a significant galena, sphalerite intercept. S10-7 was collared from the same sites as S10-3 and S10-4 but drilled S 42^oE (138^o Az) at minus 74^o dip. The hole was designed to test an undrilled and un-mined block below the old 353 ft. level between the No. 1 and No. 3 shafts. The S10-3 intercept (currently being assayed), situated some 90 ft. west from the S10-7 intercept, showed similar mineralization. For recall purposes the NAD 27 UTM coordinates for S10-7, S10-3 and S10-4 are E424592, N4268627.

Hole S10-7 was collared in the usual quartz crystal rhyolite welded tuff unit and crossed a fault into breccia at 235 ft. but hit a fine grained latite porphyry dike from 254 – 322.5 ft. This latite dike became brecciated and well mineralized from 325 to 336.8 ft. Weakly to un-mineralized alaskite occurred from 336.8 to 361 ft., at which depth the hole entered strong sphalerite and galena mineralization. The 21.5 ft. visually good grade zone was mineralized in its entirety, but contained several 2 to 3 ft. bands of very heavy sphalerite and galena with lower grades in between. Sphalerite occurs as coarse reddish-brown clots and streaks, intimately mixed and sometimes rimmed by galena in an altered and fractured alaskite host, but also in calcite veinlets. S10-7 encountered fractured, bleached and calcite veined limestone at 382.5 ft. A 1.4 ft. zone showing very strong and coarsely crystalline sphalerite, galena and pyrite, was intercepted past the contact at 388.5 ft. The hole continued in barren limestone from 388.5 ft. to its terminal depth at 477 ft.

Completion of drill hole S10-7 marks the end of phase I drilling on the Simon mine property. The Company is now awaiting assays. Priorities for Phase II drilling will be based on geological interpretation of the Phase I drill data and compilation of the Phase I drill data, with the Company’s existing mobile metal ion and geophysics data and the AGR data package acquired from Magallan. “We are encouraged by what has been seen to date in the Phase I drilling at the Simon Mine and are looking forward to a second phase of comprehensive drilling.” states IMMC President & CEO, John A. Versfelt, “In addition to following-up Phase I findings with the next drilling phase, we are also looking forward to the opportunity to drill test other targets on the Simon property.”

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt,
President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

Simon Drilling Intersects Encouraging Mineralization Over Significant Interval

Tue, 01 Jun 2010 23:06:54 GMT

International Millennium Mining Corp. (the “Company” or “IMMC”) has completed a third hole, (S10-3), at its Simon Project in Mineral County, Nevada. The diamond drill hole was collared 1,155 ft., S 75º E (95o Azimuth (Az)) from deep hole S10-2. A fourth hole, (S10-4) initiated from the same pad as S10-3 is nearing completion.

Qualified Person, California Professional Geologist, Tom Evans, reports, hole S10-3 was drilled S 15o W (195o Az) at a steep angle (-78o) from NAD 27 UTM Coordinates E424592, N4268657. It was collared in Mid-Tertiary age, rhyolite quartz crystal welded tuff that shows moderate clay alteration and weak pyritization on fractures. The hole crossed a fault and entered intensely brecciated crystal tuff intruded by alaskite, alaskite breccia and a 5 ft thick pebble dike. The breccia matrix shows strong sericite alteration and contains disseminated pyrite and occasional arsenopyrite. A few siliceous clasts in a sericitic matrix show sporadic chalcopyrite, sphalerite and galena throughout the 90.6 ft. breccia unit. Sphalerite and galena increased at a depth of 351.5ft. in the hole for 1.5 ft. and increased again in a brecciated alaskite dike at 359.5 ft. where disseminated and veinlet hosted sphalerite and galena was observed. Similar mineralization continued to 372.5 ft where near-massive sphalerite/galena breccia mineralization near a limestone contact was intersected to 375.6 ft. The hole went into Triassic age Luning limestone at this depth. This fractured and calcite veined limestone appears mostly barren, however an 8.5 ft. interval shows moderate sphalerite and galena mineralization from 412-420.5 ft. The hole persisted in limestone to its termination at 507 ft. The full brecciated and the mineralized limestone units, comprising approximately 120 ft. of core are to be assayed.

Drill hole S10-4, has so far, encountered similar geology, but mineralization, where observed, appears less intense than in hole S10-3. Both drill holes and near-term planned drill holes, are exploring an un-mined block of favorable geology which appears to start above and continue below known lead-zinc-silver mineralization, exposed on the 353 ft. level between the No.1 and No. 3 production shafts of the old Simon mine. Hole S10-3 and S10-4, as noted above, encountered lead-zinc mineralization with expected silver credits. Core samples are being sent to ALS Chemex in Reno for analysis.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt, President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

International Millennium Mining Corp. Reports 1st Quarter Results

Tue, 01 Jun 2010 00:00:00 GMT

International Millennium Mining Corp. (the “Company”) (TSX-V:IMI) reports its 1st Quarter 2010 financial statements and MD&A (the “Quarterly Report”) for the 1st Quarter ended March 31, 2010 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Summary of 1st Quarter Ended

Cdn ($)	March 31, 2010	March 31 2009	Year to Date Fiscal 2010
General and Administration Expenditures	$ 89,483	$ 64,194	$ 89,483
Stock Based Compensation	$ -	$ -	$ -
Interest Income	$ -	$ 840	$ -
Net Loss	$ (111,034)	$ (63,354)	$ (111,034)
Net Loss per share	$ (0.00)	$ (0.00)	$ (0.00)

As at	March 31,2010	December 31, 2009
Deferred Mineral Property Expenditures	$ 3,191,900	$ 2,879,562
Total Assets	$ 3,968,121	$ 3,101,011
Total Liabilities	$ 233,845	$ 283,473
Share Capital	$ 11,621,759	$ 10,506,987
Common Shares Outstanding	53,554,180	35,336,943
Fully Diluted Shares Outstanding	68,497,799	41,171,943

Summary Discussion

During the quarter ended March 31, 2010 the Company recorded a net loss of $(111,034) as compared to $(63,354) during the quarter ending March 31, 2009. The primary reasons for the difference are as follows:

The Company wrote down the Jason Property by $21,172 during the first quarter of fiscal 2010 as compared to nil write downs during the comparable period in fiscal 2009;
Accounting and legal expenditures increased by $14,634 due to higher legal fees incurred on investigation of properties;
Promotion and trade show increased by $7,424 on fees paid for investor relations;

During the quarter, the Company finalized two private placements by issuing 18,217,237 units for total proceeds of $1,161,784. As a result, the Company has sufficient working capital to meet all its obligations. The Company also transferred almost all property payments and required exploration expenditures to joint venture partners with the exception of a $1,170 USD monthly payment required for the Simon property. During fiscal 2009, the Company has transferred or eliminated all significant required expenditures and property payments with the Canadian Star transactions; the continuing Mexico and Cobalt joint ventures; the termination of the Harrison Lake Property joint venture; and, the discontinuation of the Jason Property. The Company is in a position whereby it can proceed with a planned drilling program and can maintain its existing property interests and fund its cash flow requirements for the next twelve months. The Company has 12,133,618 warrants outstanding that, if exercised, would result in additional $1,238,362.

General and Administration expenses increased from $64,194 in the first quarter of 2009 compared to $89,483 in the first quarter of 2010. Accounting and legal fees increased during the quarter ended March 31, 2010, to $23,243 from $8,609, in the comparable period in fiscal 2009 largely due to additional legal fees expended with respect to the Simon Property. Administration costs, director fees, and transfer agent filing fees remained constant during the comparable quarters. Salaries and rent expenses decreased during the quarter due to a revised agreement with Cabo Drilling. Rent expense decreased by $3,100 to nil and salary expense decreased by $2,228 from $10,007 in the first quarter of fiscal 2009, as compared to $7,779 in the first quarter of fiscal 2010. Travel cost increased during the quarter from $207 in the first quarter of fiscal 2009 to $1,020 in the first quarter of fiscal 2010 due to travel costs incurred to observe the drilling program on the Simon Property.

The Company recorded a net loss of $111,034 for the quarter ended March 31, 2010, as compared to a net loss of $63,354 in the quarter ended March 31, 2009. The primary difference results from write downs of resource properties recorded in during the first quarter of fiscal 2010 as compared to the first quarter of fiscal 2009.

Cash reserves increased to $650,483 at March 31, 2010 from $201,661 at December 31, 2009. The Company invests excess cash in short-term interest bearing investments. Its working capital position has improved to $539,086 at March 31, 2010.

Management is focused on precious metal polymetallic projects in the Americas and is working towards building a strong, stable and well financed mineral exploration and small mines mining company.

At March 31, 2009, the Company had a total of 53,554,180 common shares outstanding and 2,810,000 options and 12,133,619 warrants outstanding.

Concurrently with this news release, the Company is filing its 1st Quarter Report with the regulatory authorities through SEDAR (www.sedar.com) and has mailed it to shareholders who have requested copies and whose names appear on the Company’s Supplemental List. A copy of the Quarterly Report is available on the SEDAR website, or will be mailed upon request. Additional information about International Millennium Mining Corp. and its mineral property interests, including technical reports, is available on the internet at the SEDAR website, namely www.sedar.com.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt
President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *

Drilling Continues and Additional Ground Acquired at Simon Mine Property, Nevada

Mon, 03 May 2010 11:00:06 GMT

North Vancouver, BC: International Millennium Mining Corp. (the “Company” or “IMMC”) is completing the second of two holes to test the main Simon Mine MMI geochemical anomaly and is about to commence a third hole to test a strong Induced Polarization (IP) anomaly located just SW of the main Simon Mine workings in an area previously unexplored by drilling. The intensity of the IP high suggests the possible presence of sulphide mineralization beneath an area of jasperoid/hematite altered limestone cut by rhyolite dikes. The Company’s 100% owned Simon Mine Property is located in the Walker Lane Trend, near Mina, Nevada. Following the recommendations in the June 11, 2009, Report of David Mark, P.Geo, IMMC initiated a minimum 3,000 meter drill program to test certain primary coincident mobile metal ion (MMI) geochemistry and induced polarization (IP) geophysics targets developed from programs carried out by the Company in 2007 and 2008.

Thomas L. Evans, Professional Geologist, California, the qualified person under NI 43-101 responsible for the drilling program, reports the drill program commenced in early February, 2010. Hole S10-1 was drilled on the North side of the Mammoth Fault to test a down-dip target below the 300 meter level of the Simon Mine where Federal Resources last mined mineralised material. The hole was collared in a hanging wall of Tertiary, volcanic and intrusive rocks. S10-1 encountered strongly altered and faulted rhyolite tuff and shallowly emplaced felsic intrusives. Phyllic alteration consisting of quartz-sericite with pyrite mineralization was common. The hole was lost at 191 meters when clay gouge and fault breccia sloughed into the hole.

A replacement hole, S10-2, was collared 100 meters east of the original site on March 3, 2010. The hole encountered volcanic and intrusive phases similar to those in S10-1. Despite difficult drilling conditions, S10-2 reached the Mammoth fault at 314 meters where it entered a footwall of Luning limestone. Although no significant mineralization was found, the hole is continuing to test deeper levels in the footwall sequence. Intrusive porphyry dikes have been intersected, and silica alteration and bleaching have increased at the current depth of 543 meters. The hole is expected to be completed at about 600 meters.

The Company also announces that seven new contiguous lode claims (~55.7 hectares) have been located to cover a molybdenum and copper MMI geochemical anomaly situated on the southwest side of the Simon property. The new claims are contiguous with the western boundary of the Simon property. The anomaly is a large bulls-eye type feature located in late Tertiary lake bed sediments of the Esmeralda formation. Any drilling on this target would test for a concealed copper-molybdenum porphyry beneath these sediments.

The Simon Mine is a past lead, zinc, silver, gold and copper producer. In addition, there are unsubstantiated reports that 50,000 to 100,000 tons of mineralized material, with unknown grade, remain within the mine, but this cannot be confirmed until the underground workings are dewatered.

Stock Options Correction
The Company also wishes to correct its stock options announcements of December 24, 2009 and March 4, 2010, and advise that the grant of three year incentive options to its employees, officers, directors and consultants under terms of its Stock Option Plan, was for the right to purchase 2.81 million shares at $0.10 per share and not 3.2 million or 2.91 million shares at $0.10 per share as previously announced. The Company has no other stock options in effect.

About International Millennium Mining Corp.
International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines world-wide 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 British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include gold, silver, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals. 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”

John A. Versfelt
President & CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907.

* * * * * * *