RNS Number : 4784L
  International Consolidated Min. Inc
  12 January 2009
   

    12 January 2009
    International Consolidated Minerals Inc.
    ("ICMI" or "the Company")

    Update re Action by Precious Metals Capital Corporation ("PMCC")


    International Consolidated Minerals Inc. (AIM & BVL: ICMI), the South American focused mineral exploration and development company,
further to the announcement of 11 August 2008 has been informed that on 9 January 2009 PMCC agreed in the Superior Court of Ontario that it
would not seek any remedies in Court to attempt to block ICMI's activities until the return of the application for an interlocutory
injunction scheduled for 17 February 2009. 
    ICMI strenuously denies the allegations made by PMCC and will continue to resist all attempts by PMCC to disrupt the business activities
of the Company.
    Enquiries:
 International Consolidated Minerals 
 Greg Smith                 Executive Chairman          Tel: +44 (0)20 7766 0085
 Pawan Sharma               Executive Vice President -  Tel: +44 (0)20 7766 0085
                            Corporate Affairs
 Strand Partners Limited (Nominated Adviser)
 Simon Raggett                                          Tel: +44 (0)20 7409 3494
 Matthew Chandler                                       Tel: +44 (0)20 7409 3494
 Fox-Davies (Broker, London)
 Daniel Fox-Davies                                      Tel: +44 (0)20 7936 5203
 David Poraj-Wilczynski                                 Tel: +44 (0)20 7936 5226
 Credibolsa (Broker, Lima)
 Jorge Monsante                                         Tel: +511 313 2922
 Pelham Public Relations (Public Relations, London)
 Charles Vivian                                         Tel: +44 (0)20 7743 6672
 Sergei Stephantsov                                     Tel: +44 (0)20 3178 6241
 Apoyo (Public Relations, Lima)
 Gabriel Ortiz de Zevallos                              Tel: +511 513 3040
 Gabriela Llosa                                         Tel: +511 513 3043

    ADDITIONAL INFORMATION ON INTERNATIONAL CONSOLIDATED MINERALS INC. 
    International Consolidated Minerals Inc. (AIM & BVL: ICMI) was formed in 2005 to pursue mineral exploration, development and production
with its initial attention in Latin America. ICMI's strategy is to focus on high-quality mining assets at an advanced stage of development.
In early 2006, ICMI acquired the Pachapaqui mining property in central Peru which contains appreciable high grade zinc, lead, copper, silver
and gold mineral reserves and resources. The property consists of 32 mining concessions of 2,105 hectares and one beneficiation concession
of 65 hectares on which is located mining infrastructure and equipment, hydro-electrical generating stations, offices and accommodations,
and concentrating plant facilities.  In 2007, while conducting upgrades of the facilities, ICMI embarked on a drilling and exploration
geology programme, initially in one area on the Pachapaqui property, from which the Company has had tremendous success in locating, and is
confident of proving up significant additional mineral reserves and resources. Further information is available from the Company's website at: http://www.icmi-inc.com.
    - END -

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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