International Minerals Announces Resignation of Chief Financial Officer

International Minerals Corporation (TSX:IMZ)(SWX:IMZ), listed on the
Toronto and Swiss stock exchanges (symbol 'IMZ?), announces that Mr.
Eric Edwards has resigned from his position as Chief Financial Officer
('CFO?) in order to pursue other business opportunities.

On behalf of the Board of Directors of IMZ, we thank Mr. Edwards for his
efforts over the past three years and especially for his contribution to
the development of the Inmaculada gold-silver deposit in Peru during his
tenure as President/CEO of Ventura Gold Corp., a company which was
recently acquired (in January this year) by IMZ.

IMZ is actively seeking a new CFO and as an interim measure, IMZ′s
Controller, Mr. Scott Weger, will be acting in the role of CFO.

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, currently
one of the top-ten largest primary silver mines in the world. 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 IMZ). 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, IMZ also holds varying ownership
interests in development-stage gold projects in Nevada (Goldfield and
Converse) and Ecuador (Rio Blanco and Gaby).

IMZ has been listed on the Toronto Stock Exchange since 1994 and the
Swiss Stock Exchange since 2002.

International Minerals Corporation

In North America

Terri
Kasten, Corporate Affairs Manager

+1-480-483-9932

Or email us
at: IR@intlminerals.com

or

In
Europe

Oliver Holzer, Marketing Consultant

+41 44 853 0047

Internet
Site: http://www.intlminerals.com