Inmet Mining Announces 2011 Objectives for Key Operations

TORONTO, ONTARIO -- (Marketwire) -- 01/13/11 -- Inmet Mining Corporation (TSX: IMN) announced its 2011 key performance objectives today. Preliminary 2010 operations' results are expected to be announced in February 2011.

The table below provides a summary of the production and cash cost guidance for 2011.The tables below exclude any guidance for Ok Tedi, as we expect the previously announced NSR repurchase transaction to close within the first quarter of 2011.

              Copper production  Zinc production     Cash cost per pound of
                       (tonnes)         (tonnes)               Copper (US$)
Cayeli                   30,900           48,600     $                 0.75
Las Cruces               50,200                -     $                 1.17
Pyhasalmi                13,300           31,900     $                (0.08)

Forward looking information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are 'forward-looking' because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. Capital and operating cost estimates are forward-looking statements, and are based on assumptions that we believe to be reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.

About Inmet

Inmet is a Canadian-based global mining company that produces copper, zinc and gold. We have interests in four mining operations in locations around the world: Cayeli, Las Cruces, Pyhasalmi and Ok Tedi. We also have a 100 percent interest in Cobre Panama, a development property in Panama.

This press release is also available at www.inmetmining.com.

Contacts:

Inmet Mining Corporation

Jochen Tilk

President and Chief Executive Officer

(416) 860-3972


Inmet Mining Corporation

Flora Wood

Director, Investor Relations

(416) 361-4808
www.inmetmining.com