International Minerals Corporation (IMZ)

The Company is engaged in exploration, development and mining of gold and silver deposits in Peru, Ecuador and the USA. The Company produces silver and gold from its 40%owned Pallancata Mine in Peru (60%owned and operated by Hochschild). During the fiscal year ended June 30, 2010, the Company began to report equity income and receive cash dividends from the Pallancata operation. With the closing of the Ventura Gold Corp ("Ventura") and Metallic Ventures Gold, Inc. ("Metallic") acquisitions in January and February, respectively of 2010, the Company acquired Ventura's Inmaculada goldsilver project in Peru and Metallic's production royalty and the Goldfield and Converse gold projects in Nevada. The Company also holds development projects in Ecuador (Rio Blanco and Gaby) that will be advanced pending clarification of tax and royalty issues related to the new mining law in Ecuador.