Converse Project Gold Intercepts of 475m At 0.8 g/t And 145m At 1.1 g/t

SCOTTSDALE, AZ - International Minerals Corporation reported drill results from its 100%-owned Converse gold project in northern Nevada, where IMZ anticipates completing a scoping study to evaluate the viability of a heap leach processing scenario by year-end 2011.
Highlights from IMZ's current core drill program include 475 meters ("m") at 0.8 grams per tonne ("g/t") and 145m at 1.1 g/t in drill hole CONV-003C. These drill intercepts indicate that higher-grade gold mineralization continues at depth below the previously-known mineralization identified in drilling campaigns carried out by other companies prior to IMZ's acquisition of Converse in February 2010.
The Converse gold project, which is located in the Battle Mountain/Cortez mineralized trend.
The total number of drill holes at the Converse project now totals 314 (312 by previous property owners and the two drill holes reported in this release) for a total of 63,713 m.
Drilling prior to IMZ's acquisition of the property generally reached depths of between 200m and 350m vertically (only one previous drill hole reached 450m). Many of the drill holes at the Converse deposit ended in mineralization and drill hole CONV-003C shows that mineralization does continue at depth. Additional drilling will be required to quantify the overall extent and tenor of this deeper mineralization.
IMZ's current drill program comprises five vertical core drill holes (totaling approximately 2,750m) and is designed to test the deposit at depth and to supply material for metallurgical testing for inclusion in the scoping study. The first two drill holes have been completed and the remaining three core holes (each to approximately 550m) will be completed during the summer.
Selected rock sample composites have been sent to McClelland's Laboratory in Reno, Nevada for column testing intended to confirm the amenability of the Converse mineralization to gold recovery by heap leaching. Initial results from the metallurgical program are expected in the fall (Q3 2011) and will be included in a scoping study expected to be published in the fourth quarter of 2011.