IMMC Closes Debenture Financing

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) reports that further to the extension announced on May 21, 2020, the Company has closed the non-brokered debenture financing announced on March 31, 2020 (the “Financing”) in the amount of $75,000.

Under the terms of the Financing, the Company will issue convertible unsecured debentures at a price of C$1,000 per unit, with each debenture unit consisting of a C$1,000 principal amount 24-month 12% unsecured convertible debenture of the Company (a “Debenture”). The Debenture will be convertible into units at $0.05 principal amount outstanding per unit for the first twelve (12) months of the term and at $0.10 per unit for the remaining twelve (12) months until maturity. Each unit consists of one (1) transferable common share and one (1) common share purchase warrant (together a “Conversion Unit”) (resulting in 1,500,000 Conversion Units). Each warrant will entitle the holder to purchase one (1) common share of the Company at an exercise price of $0.05 per share for the initial twelve (12) months and $0.10 per share for the remaining twelve (12) months of the term.

Following receipt of the Exchange’s final acceptance, the Company will issue 75 Debentures for gross proceeds of C$75,000. All securities issued under the financing are subject to a four month hold period, expiring October 13, 2020. The Debentures were sold on a non-brokered private placement basis.

The Company is in discussions with certain parties to enter into a private placement.

IMMC also announces the resignation of chief financial officer Calvin Lucyshyn. Mr. Lucyshyn is stepping down to pursue other interests and responsibilities. The Company wishes to thank Mr. Lucyshyn for his time with the Company. The Company has appointed Robert Drago, Company Director and Audit Committee Chair, as interim chief financial officer as it searches for a new chief financial officer.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

John A. Versfelt

President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com), the Company's website (www.immc.ca) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

IMMC Extends Debenture Financing

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) reports that the Company has received approval from the TSX Venture Exchange (the “Exchange”) to extend the closing of the non-brokered debenture financing (the “Financing”), as announced on March 31, 2020, to June 14, 2020. All terms pursuant to the Financing remain unchanged.

The Company is also pleased to announce that its Annual General Meeting of Shareholders (the “AGM”) will be held on Tuesday, June 30, 2020 at 10:00 AM, PDT. The physical location for the AGM will be held at the offices of the Company, with appropriate social distancing precautions in place. The Company also intends on arranging for a conference call for shareholders who wish to access the meeting virtually due to COVID-19 precautions. However, shareholders taking advantage of the virtual meeting will not be permitted to vote through the virtual connection. Shareholders are urged to vote prior to the meeting by delivering their completed form of proxy. Virtual AGM Details:

Date: June 30, 2020
Time: 10:00 AM, PDT
Participant Access: +1 636-492-2495‬ PIN: ‪156 059 478‬#‬‬

The Company confirms that it is not aware of any material, undisclosed corporate developments and has no material change to report at this time.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

John A. Versfelt

President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

International Millennium Mining Corp. Announces Revised Shares for Debt Transaction

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) announces that further to its March 31, 2020, press release, the Company has requested approval from the TSX Venture Exchange (the “Exchange”) to revise the terms of the shares for debt agreements it entered into in February and March 2020, to satisfy $317,990 in debt owed to certain creditors of the Company (the “Debt Settlement”), pursuant to temporary relief provisions of the Exchange Bulletin dated April 8, 2020, Temporary Relief of $0.5 Minimum Pricing Requirement.

Under the revised terms of the Debt Settlement agreements, the Company will issue 15,899,500 common shares (the “Shares”) at a deemed price of $0.02 per Share to certain creditors of the Company (the “Creditors”). The indebtedness includes $120,000 of debt owed to directors and officers of the Company, and $100,000 of debt owed to Cabo Drilling Corp., a company with a common director and officers. IMMC determined to satisfy the indebtedness with common shares in order to preserve its cash for working capital.

The issuance of the Shares to the Creditors is subject to a number of conditions, including the approval of the Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.

As certain insiders participated in the Debt Settlement it is considered to be a “related party transaction” under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on the exemptions from the valuation and the minority approval requirements of MI 61-101 provided for in subsections 5.5(a) and 5.7(a) of MI 61-101, respectively, as the fair market value of the subject, and the consideration paid in the Debt Settlement, in each case, in relation to the interested parties, will not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. All of the independent directors of the Company, acting in good faith, considered the transactions and have determined that the fair market value of the securities being issued to insiders, and the consideration being paid, is reasonable.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt

President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Debenture Financing & Shares for Debt Transactions Announced

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) announces a debenture financing of up to C$171,000, for working capital (the “Debenture Financing”).

Under the terms of the Debenture Financing, the Company will issue convertible unsecured debentures at a price of C$1,000 per unit, with each debenture unit consisting of a C$1,000 principal amount 24-month 12% unsecured convertible debenture of the Company (a “Debenture”). The Debenture will be convertible into units at $0.05 principal amount outstanding per unit for the first twelve (12) months of the term and at $0.10 per unit for the remaining twelve (12) months until maturity. Each unit consists of one (1) transferable common share and one (1) common share purchase warrant (together a “Conversion Unit”) (resulting in 3,420,000 Conversion Units). Each warrant will entitle the holder to purchase one (1) common share of the Company at an exercise price of $0.05 per share for the initial twelve (12) months and $0.10 per share for the remaining twelve (12) months of the term.

Closing of the Convertible Debenture financing is expected to occur no later than April 15, 2020, subject to approval by the TSX Venture Exchange (the “Exchange”). The Convertible Debentures are sold on a non-brokered private placement basis and all securities issued under the Debenture Financing will be subject to a four (4) month hold period.

In addition, IMMC has entered into shares for debt agreements, pursuant to which the Company will issue 5,959,800 common shares at a deemed price of $0.05 per share, in satisfaction of C$297,990 in trades payable. The indebtedness includes C$100,000 of debt owed to insiders, including officers and directors of the Company, and C$100,000 of debt owed to Cabo Drilling Corp., a company with a common director and officers. IMMC determined to satisfy the indebtedness with common shares in order to preserve its cash for working capital. The shares will be issued upon acceptance of the transaction by the Exchange. The common shares issued in satisfaction of the indebtedness will be subject to a four month hold period from the date of issuance.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

John A. Versfelt

President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Share Purchase Agreement Terminated

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) and Phoenix Capital Enterprises Ltd. (“Phoenix”) have agreed to terminate their agreement to complete a business combination and reverse takeover transaction (the “Transaction”), which would have resulted in IMMC acquiring all of the issued and outstanding common shares of Tengri Coal and Energy Pte. Limited in exchange for newly issued common shares of IMMC. The Transaction was originally announced by the Company in its news release dated August 31, 2018.

Trading of the Company’s common shares on the TSX Venture Exchange (the “Exchange”) was halted in accordance with the policies of the Exchange, pending completion of the Transaction. IMMC will file an application with the Exchange to request that trading of its common shares be resumed.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.

* * * * * * *

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

UPDATED SILVER PEAK NI 43-101 TECHNICAL REPORT FILED ON SEDAR

VANCOUVER, British Columbia, November 22, 2019 -- International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) announces that it has filed on SEDAR a National Instrument (“NI”) 43-101 compliant technical report with an effective date of March 28, 2019, entitled “NI 43-101 Technical Report on the Silver Peak Project, Esmeralda County, Nevada, USA” prepared by Sears, Barry & Associates Limited, Sudbury, Ontario, Canada (the “Report”).

The Report updates the Company’s 2012 NI 43-101 compliant, independent Mineral Resource Estimate (the "2012 Estimate") (see IMMC’s August 16, 2012, press release), providing data from nine additional drill holes including three that extended the length of the Nivloc Structure reported by Sears, Hollenbeck and Heyl in 2012, by about 60 metres, and six holes that targeted untested areas within the original 400-meter long target area over an un-mined portion of the historic Nivloc Mine. Using the same general parameters as the 2012 Estimate (Sears et al, 2012) and a cutoff grade of 40 g/t (Ag equivalent), the updated Inferred Mineral Resource Estimate is 2,653,000 tonnes grading 96.85 g/t Ag and 0.67 g/t Au and containing approximately 8,262,000 oz of Ag and 57,000 oz of Au (the “Updated Estimate”).

The Report was prepared for the Company by Seymour M. Sears and Joan M. Barry, consulting Geologists based in Sudbury, Ontario. The Report is available under the IMMC profile on SEDAR at www.sedar.com and on the Company's website at www.immc.ca.

Trading of the Company’s common shares on the Exchange will remain halted until the reverse takeover transaction with Phoenix Capital Enterprises Ltd. (“Phoenix”), which was announced August 31, 2018, is accepted by, or satisfactory documentation has been filed with, the TSX Venture Exchange (the “Exchange”), pursuant to the policies of the Exchange.

Seymour M. Sears, P.Geo., a qualified person as defined by National Instrument 43-10 has reviewed and approved the scientific and technical content of this news release on behalf of the Company. Joan M. Barry, who is a qualified person as defined by National Instrument 43-101, has reviewed, verified and approved the contents of this news release relating to the Updated Estimate.

Information Regarding the Silver Peak Project

The Silver Peak Project consists of 211 lode mining claim units covering an area of 1,697.99 hectares (4,192.95 acres) in Nevada, USA. IMMC owns a 100% interest in these claims subject to a remaining US$50,000 payment on 25 claims. There are underlying royalties on some of these claims ranging from 1.5 to 2.5%, portions of which can be purchased outright by the company (see IMMC’s December 4, 2017, press release).

International Millennium Mining Corp. (TSX-V: IMI) common shares trade on the TSX Venture Exchange under the symbol: IMI.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527 8135.

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Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of IMMC should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

$60,000 Bridge Financing Closed

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) is pleased to announce that the Company has received TSX Venture Exchange (the “Exchange”) conditional acceptance and has closed a bridge financing (the “Bridge Financing”), representing the funds needed to fund the Company as it works to satisfy the closing conditions for the reverse takeover transaction with Phoenix Capital Enterprises Ltd. (“Phoenix”), which was announced August 31, 2018 (the “RTO Transaction”).

The Bridge Financing consists of the issuance of C$60,000 of convertible unsecured debentures at a price of C$1,000 per unit, with each debenture unit consisting of a C$1,000 principal amount 30-month 12% unsecured convertible debenture of the Company (a “Debenture”). The Debenture will be convertible into that number of units, each unit consisting of one (1) transferable common share and one (1) warrant (together a “Conversion Unit”), calculated on the basis of either: i) if converted prior to the completion of the RTO Transaction and proposed 20 for 1 consolidation (the “Consolidation), at a conversion price of $0.05 per Conversion Unit (resulting in 1,200,000 Conversion Units) for the first 12 months of the term and $0.10 per Conversion Unit for the balance of the term of the Debenture after the initial 12 months (resulting in 600,000 Conversion Units); or ii) following completion of the Consolidation, at a conversion price of $0.50 per consolidated Conversion Unit (resulting in 120,000 consolidated Conversion Units).

Pursuant to the Bridge Financing the Company, following receipt of the Exchange’s final acceptance, will issue 60 Debentures for gross proceeds of C$60,000. All securities issued under the Bridge Financing are subject to a four month hold period, expiring December 31, 2019, and are subject to a resale restriction prohibiting the holder from transferring securities until the close of the RTO Transaction or approval is received from the Exchange. The Convertible Debentures were sold on a non-brokered private placement basis.

Trading of the Company’s common shares on the Exchange will remain halted until the RTO Transaction is accepted by, or satisfactory documentation has been filed with, the Exchange, pursuant to the policies of the Exchange.

International Millennium Mining Corp. (TSX-V: IMI) common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt

President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.

* * * * * * *

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of IMMC should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

$50,000 Bridge Financing Closed

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) is pleased to announce that further to its June 4, 2019, news release, the Company has received TSX Venture Exchange (the “Exchange”) conditional acceptance and has closed its bridge financing (the “Bridge Financing”), representing the funds needed to fund the Company as it works to satisfy the closing conditions for the reverse takeover transaction with Phoenix Capital Enterprises Ltd. (“Phoenix”), which was announced August 31, 2018 (the “RTO Transaction”).

The Bridge Financing consists of the issuance of C$50,000 of convertible unsecured debentures at a price of C$1,000 per unit, with each debenture unit consisting of a C$1,000 principal amount 30-month 12% unsecured convertible debenture of the Company (a “Debenture”). The Debenture will be convertible into that number of units, each unit consisting of one (1) transferable common share and one (1) warrant (together a “Conversion Unit”), calculated on the basis of either: i) if converted prior to the completion of the RTO Transaction and proposed 20 for 1 consolidation (the “Consolidation), at a conversion price of $0.05 per Conversion Unit (resulting in 1,000,000 Conversion Units) for the first 12 months of the term and $0.10 per Conversion Unit for the balance of the term of the Debenture after the initial 12 months (resulting in 500,000 Conversion Units); or ii) following completion of the Consolidation, at a conversion price of $0.50 per consolidated Conversion Unit (resulting in 100,000 consolidated Conversion Units).

Pursuant to the Bridge Financing the Company, following receipt of the Exchange’s final acceptance, will issue 50 Debentures for gross proceeds of C$50,000. All securities issued under the Bridge Financing are subject to a four month hold period, expiring October 8, 2019, and are subject to a resale restriction prohibiting the holder from transferring securities until the close of the RTO Transaction or approval is received from the Exchange.

International Millennium Mining Corp. (TSX-V: IMI) common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

“John A. Versfelt”

 John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.

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Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of IMMC should be considered highly speculative.

BRIDGE FINANCING ANNOUNCED & UPDATE ON REVERSE TAKEOVER TRANSACTION

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) announces that it has successfully arranged a bridge financing, representing the funds needed to bridge the Company as it works to satisfy the closing conditions for the reverse takeover transaction with Phoenix Capital Enterprises Ltd. (“Phoenix”), which was announced August 31, 2018 (the “RTO Transaction”).

The bridge financing consists of the issuance of up to C$50,000 of convertible unsecured debentures at a price of C$1,000 per unit, with each debenture unit consisting of a C$1,000 principal amount 30-month 12% unsecured convertible debenture of the Company (a “Debenture”). The Debenture will be convertible into that number of units, each unit consisting of one (1) transferable common share and one (1) warrant (together a “Conversion Unit”), calculated on the basis of either: i) if converted prior to the completion of the RTO Transaction and proposed 20 for 1 consolidation (the “Consolidation), at a conversion price of $0.05 per Conversion Unit (resulting in 1,000,000 Conversion Units) for the first 12 months of the term and $0.10 per Conversion Unit for the balance of the term of the Debenture after the initial 12 months (resulting in 500,000 Conversion Units); or ii) following completion of the Consolidation, at a conversion price of $0.50 per consolidated Conversion Unit (resulting in 100,000 consolidated Conversion Units). The Convertible Debentures will be sold on a non-brokered private placement basis. Closing of the Convertible Debenture financing is expected to occur on June 3, 2019, subject to approval by the TSX Venture Exchange (the “Exchange”).

The parties continue to work to satisfy the closing conditions for the RTO Transaction. Personal Information Forms (“PIFs”) for directors and officers of IMMC, Tengri Coal and Energy, and Tengri Coal and Energy’s subsidiaries, have been filed with the Exchange. Canadian audited financials for the Singapore and Mongolia companies, a draft National Instrument (“NI”) 43-101 Technical Report on the Tsaidam Nuur Mining Licenses, an updated power plant feasibility study and a  draft NI 43-101 Technical Report on the Silver Peak Nevada Property have all been received by the Company. IMMC is completing the transaction documentation, including an IMMC Management information circular, for submission to the Exchange. Once all the documentation is complete, the Company will submit an application to the Exchange for preliminary approval of the RTO Transaction.

The Company is also pleased to announce that PI Financial Corp., subject to completion of satisfactory due diligence, has agreed to act as sponsor to IMMC in connection with the RTO Transaction. PI Financial Corp. will provide the required services in compliance with the applicable rules and policies of Exchange Policy 2.2 - Sponsorship and Sponsorship Requirements. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.

Trading of the Company’s common shares on the Exchange will remain halted until the RTO Transaction is accepted by, or satisfactory documentation has been filed with, the Exchange, pursuant to the policies of the Exchange.

About Phoenix

Phoenix is a corporation existing under the laws of the British Virgin Islands and is the registered and beneficial owner of all of the issued and outstanding common shares in the capital of Tengri Coal and Energy, a corporation incorporated under the laws of Singapore having its head office at Suite 1706, Romana Office, Mahatma Gandhi Street 33, Khan Uul District, Ulaanbaatar, Mongolia. Tengri Coal and Energy owns all of the issued and outstanding common shares of Tengri Petrochemicals. Tengri Petrochemicals is the registered and beneficial holder of the Tsaidam Nuur Mining Licences in Mongolia and owns all of the issued and outstanding shares of Tsaidam Energy, a corporation incorporated under the laws of Mongolia. Tsaidam Energy is the registered and beneficial holder of a permit for the construction of the Tsaidamnuur Power Plant. The Tsaidam Nuur Mining Licenses and the Tsaidamnuur Power Plant together comprise what is known as the Tsaidam Energy Project located in Tuv Province, Mongolia.

Further Information

All information contained in this news release, with respect to IMMC and Phoenix, was supplied by the parties respectively, for inclusion herein. Each party and its directors and officers have relied on the other party for any information concerning the other party.

International Millennium Mining Corp. (TSX-V: IMI) common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.

* * * * * * *

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of IMMC should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

EXPIRY DATE OF WARRANTS EXTENDED

International Millennium Mining Corp. (TSX-V: IMI) (the “Company” or “IMMC”) announces that it will be amending the terms of 37,077,400 common share purchase warrants (the "Warrants") previously issued pursuant to non-brokered private placements that closed in June 2016 and December 2016.

Under the original terms, the Warrants entitled the holder to purchase common shares of the Company at an exercise price of $0.05 per share, if exercised by June 29, 2019. Pursuant to the amendment, the expiry date of the Warrants will be extended to December 31, 2020. The amendment to the term of the Warrants is subject to acceptance by the TSX-Venture Exchange.

All other terms and conditions of the Warrants, including the exercise price, remain unchanged. A notice of extension of expiry date will be sent to all Warrant holders. Warrant holders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to the Company in order to effect the exercise of such Warrant.

International Millennium Mining Corp. (TSX-V: IMI) common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.

* * * * * * *

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.