IMZ Announces Appointment of New Vice President, Corporate Relations
Scottsdale, Arizona, April 7, 2010 � International Minerals Corporation (�IMC�), listed on the Toronto and Swiss stock exchanges (symbol �IMZ�), is pleased to announce that Mr. Paul Durham has been appointed as Vice President, Corporate Relations, based in New York.
Mr. Durham has been employed for the past 30 years in the Financial Services Industry, in both institutional equity sales and research, specializing in the Natural Resources Sector and has spent the past 15 years based in New York working with institutional clients in the US and Canada.
Most recently he was Senior Vice President - Global Mining and Metals for Auerbach Grayson, based in New York, and his extensive experience includes 10 years with HSBC in New York and 13 years with Scotia Bank, based in New York and London. His client base included the major specialist resource funds, together with emerging market and hedge funds and some of the larger generalist funds involved in the mining sector.
Born in the UK and a geologist by training, Mr. Durham spent five years working in the South African gold and base metal mines with Gold Fields. He graduated in 1974 from University College Cardiff in Wales with a Bachelor of Science (Honors) degree in Mineral Exploitation and in 1980 obtained a Masters degree in Management Studies from Durham University Business School in England.
Announcing Mr. Durham�s appointment, IMC�s President and CEO, Stephen Kay said �We are very pleased to welcome Paul to the IMC senior management team. He brings not only a wealth of institutional investment sales experience and contacts with specialist resource funds and a much broader spectrum of financial institutions, but also a technical background as a geologist and a mining analyst, which brings an important added dimension to his role with IMC that will be a great asset in dealing with existing and new institutional and retail clients as well as buy-side and sell-side mining analysts.�
About International Minerals
IMZ is a silver-gold producer, explorer and developer with silver and gold production from its 40%-owned Pallancata Mine in Peru, one of the top-ten largest primary silver mines in the world in 2009. Production at Pallancata (on a 100% project basis) for calendar year 2009 was 8.4 million ounces of silver and 32,000 ounces of gold (40% of which are attributable to IMC). Production (on a 100% project basis) of approximately 10 million ounces of silver and 33,000 ounces of gold is expected for calendar year 2010.
In addition to the Pallancata Mine and the nearby Inmaculada gold-silver development project, both in Peru, IMC also holds varying ownership interests in development-stage gold projects in Nevada (Goldfield and Converse) and Ecuador (Rio Blanco and Gaby).
IMC has been listed on the TSX since 1994 and the SIX since 2002.
For additional information, contact:
In North America In Europe Terri Kasten, Corporate Affairs Manager Oliver Holzer, Marketing Consultant Tel: +1 480 483 9932 +41 44 853 0047
Or email us at: IR@intlminerals.com Internet Site: http://www.intlminerals.com
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