International Millennium Mining Corp. Reports 4th Quarter and 2012 Annual Results

International Millennium Mining Corp. (the "Company" or "IMMC") (TSX
VENTURE:IMI) reports its financial statements and MD&A (the "Quarter and Annual
Report") for the 4th Quarter and Year Ended December 31, 2012 (BC Form
51-102F1). Pursuant to the requirements of National Instrument 54-102, this news
release provides a summary of the information contained in the 2012 Audited
Consolidated Financial Statements for the year ended December 31, 2012. 


Summary for the Year Ended December 31



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                                           2012          2011          2010 
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Expenditures                        $   369,453   $   407,080   $   398,663 
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Stock Based Compensation            $   176,953   $    20,000   $         - 
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Gain on sale of mineral properties  $   170,825   $         -   $         - 
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Premium on issue of flow through                                            
 shares                             $         -   $   (10,000)  $   (18,750)
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Write Down or (Gain) on Resource                                            
 Properties                         $   165,856   $   (13,495)  $ 1,513,543 
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Net Loss                            $  (652,115)  $  (439,749)  $(1,893,456)
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Net Loss Per Share                  $     (0.00)  $     (0.01)  $     (0.03)
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                                                      December      December
As at                                                 31, 2012       31,2011
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Deferred Mineral Property Expenditures            $  5,577,125  $  5,044,945
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Total Assets                                      $  5,895,236  $  5,405,488
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Total Liabilities                                 $    684,312  $    801,444
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Share Capital                                     $ 16,299,945  $ 15,082,923
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Common Shares Outstanding                          104,245,096    89,636,497
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Fully Diluted Shares Outstanding                   136,628,761   103,426,723
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Summary Discussion

At December 31, 2012, the Company had a total of 104,245,096 common shares
outstanding.


During the year ended December 31, 2012 the Company recorded a net loss of
$652,115 as compared to a net loss of $439,749 during fiscal 2011. Overall
expenditures decreased by $37,627, or 9%, from $407,080 in fiscal 2011 to
$369,453 in fiscal 2012. The material variances during the periods are as
follows:




i.  The Company realized a gain of $170,825 on the sale of the remaining 20%
    interest in the Hilda/Guadalupe property. IMMC received four million
    shares of First Mexican Gold Corp. ("First Mex") and a 2% NSR payable to
    IMMC with 1% re-purchasable by First Mex for US$1 million dollars. The
    Company had previously reported the gain of $640,000 in the first
    quarter of fiscal 2012 but it was revised to reflect the present value
    of the 4,000,000 shares received. According to the agreement IMMC can
    only sell 50,000 shares per month; 

ii. The Company granted 1,715,000 stock options and extended the expiry date
    of 1,930,000 stock options, and issued 435,000 broker warrants
    exercisable at $0.08/$0.10. As a result the Company recorded $176,593 in
    stock based compensation during fiscal 2012 as compared to $20,000
    during fiscal 2011; 

iii.The Company recorded a loss on foreign exchange of $5,617 during fiscal
    2012, as compared to a foreign exchange gain of $15,278 in fiscal 2011,
    on the translation of our international subsidiary; 

iv. The Company incurred an accretion and finance cost expense of $77,629 as
    a result of a $400,000 loan, as compared to a finance expense of $36,164
    in fiscal 2011; 

v.  The Company wrote down resource properties by $165,856 in fiscal 2012; 

vi. The Company accrued an asset retirement obligation for the Simon and
    Nivloc properties for $50,000; and 

vii.The Company accrued an income tax expense of $30,000 on the receipt of
    the 4,000,000 shares in First Mex. 



During fiscal 2012, the Company issued 14,608,599 common shares. These common
shares were issued pursuant to the exercise of 50,000 stock options for proceeds
of $5,000; the exercise of 3,569,265 warrants for proceeds of $359,927; the
exercise of 355,584 broker warrants for proceeds of $28,447; 350,000 shares
issued for property payments; and 10,283,750 shares issued pursuant to a private
placement for net proceeds of $786,580.


The Company's working capital deficit decreased to $513,422 at December 31,
2012, as compared to a deficit of $594,901 at December 31, 2011. 


Selected Financial Data by Quarter



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                                        International Financial Reporting   
                                                    Standards               
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( $ )                                   Q4-12     Q3-12     Q2-12     Q1-12 
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Revenue                                   Nil       Nil       Nil       Nil 
                                                                            
Expenses                               72,049    83,181   108,060   106,163 
Net income (loss) for the period     (676,628) (109,014) (384,365)  513,892 
Stock based compensation              (63,407)        -   240,000         - 
Basic income (loss) per share            0.00      0.00     (0.01)     0.01 
                                                                            
Cash & cash equivalents               102,938   111,870    45,106   191,575 
Current assets                        120,890   120,706    53,933   207,887 
Working capital(deficiency)          (513,422) (902,098) (881,975) (692,583)
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                                       International Financial Reporting    
                                                   Standards                
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( $ )                                   Q4-11     Q3-11     Q2-11     Q1-11 
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Revenue                                   Nil       Nil       Nil       Nil 
                                                                            
Expenses                              201,696   (12,957)   83,816   154,165 
Net income (loss) for the period     (249,731)   12,957   (83,816) (154,165)
Stock based compensation                2,000         -         -    18,000 
Basic income (loss) per share            0.00      0.00      0.00      0.00 
                                                                            
Cash & cash equivalents               165,476   232,753   173,376   455,331 
Current assets                        206,543   369,100   199,252   485,677 
Working capital(deficiency)          (594,901)  (10,791) (186,094)  101,865 
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Exploration Programs

Nivloc Mine, Nevada Property

Upon finalization of the Nivloc Property Option & Joint Venture Agreement with
Silver Reserve Corp.'s ("SRC"), the Company initiated a drilling program on the
Nivloc Property. Thirty-seven (37) drill holes, totalling approximately 10,500
metres have been completed to April 5, 2012. 


The Company is beginning to outline a silver and gold un-mined mineralized zone
measuring 1,200 feet along strike and 600 feet down dip, measured vertically.
Drill hole results from drill holes 1 through 37 have been announced previously
by the Company. These results have been filed on SEDAR, and can be reviewed on
the Company's web site at www.immc.ca.


On August 16, 2012 the Company announced the results of its initial inferred
mineral resource estimate at the Nivloc Silver and Gold Project. The report
concludes that the area tested by the 2011 drilling program on the Nivloc
Property contains an Inferred Mineral Resource, at 40 g/t Ag cut-off, of
1,640,000 tonnes at a grade of 106.47 g/t Ag and 0.78 g/t Au. The 43-101 Initial
Inferred Mineral Resource Estimate can be viewed on the Company's website at
www.immc.ca.


Subsequent to the year end, and pursuant to a Sale and Purchase Agreement,
International Millennium Mining Inc. ("IMMI") a subsidiary of IMMC, has agreed
to pay SRC US$425,000 for SRC's Nivloc Property interests and SRC will transfer
100% of its interest, right and title in those interests to IMMI. This
transaction is scheduled to close May 31, 2013 or such other date that the
parties agree upon. 


Management is focused on precious metal polymetallic projects in the Americas
and is working towards building a strong, stable and well financed mineral
exploration and small mines mining company.


Concurrently with this news release, the Company is filing its Audited
Consolidated Financial Statements with the regulatory authorities through SEDAR
(www.sedar.com), and has mailed it to shareholders who have requested copies and
whose names appear on the Company's Supplemental List. Additional information
about International Millennium Mining Corp. and its mineral property interests,
including technical reports, is available on the internet at the SEDAR website
www.sedar.com, or on the Company's website www.immc.ca.


International Millennium Mining Corp. (TSX VENTURE:IMI) is a mineral exploration
and development company engaged in acquiring known smaller mine deposits, such
as its Nivloc, Nevada silver-gold mine project, in the Americas, with the goal
of advancing the properties to the mining stage. Emerging targets include
silver, gold, copper, zinc and lead. The Company's 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, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com).

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
International Millennium Mining Corp.
Ms. Sheri Barton
403-217-5830
[e-mail]


International Millennium Mining Corp.
Mr. John Versfelt
President & CEO
604-527-8135
www.immc.ca