Admission to Trading on the Lima Stock Exchange

    RNS Number : 1381C
  International Consolidated Min. Inc
  27 August 2008
   

    27 August 2008
    International Consolidated Minerals Inc.
    Admission to Trading on the Lima Stock Exchange


    International Consolidated Minerals Inc. ("ICMI" or the "Company"), the South American focused mineral exploration and development
company, is pleased to announce the admission to trading of the Company's ordinary shares of US$0.001 par value ("Shares") on the Lima Stock
Exchange ("Lima SE"), Peru, with effect from today ("Admission"). Trading in the Shares on the Lima SE, in accordance with Peruvian
regulations, may begin tomorrow, from 8:20 a.m. (local time).
    The Admission, in conjunction with the existing AIM quote of the Company's shares, will provide employees and investors in Peru the
opportunity to be part owners of the ICMI business as well as adding liquidity and demand. The trading symbol on both exchanges will be
ICMI.
    Greg Smith, Executive Chairman and CEO of ICMI, said:
     "We are very pleased by the Company's admission to the Lima SE . This will give our Peruvian staff plus investors an opportunity to be
part owners of a natural resources company operating in their own country. The Lima SE is a well respected South American trading exchange
that has a good understanding of the mining industry as well as a number of foreign listings on it. We expect the dual admission to create
additional demand for and liquidity in our shares, and  look forward to broadening the Company's shareholder base in Peru via the Lima SE".
    Enquiries:
 International Consolidated Minerals 
 Greg Smith        Chairman, CEO                     Tel: [phone]
 Pawan Sharma      Executive Vice President -        Tel: [phone]
                   Corporate Affairs
 Strand Partners Limited
 Simon Raggett                                       Tel: [phone]
 Matthew Chandler                                    Tel: [phone]
 Numis Securities
 John Harrison                                       Tel: + 44 (0)20 7260 1000
 James Black                                         Tel: + 44 (0)20 7260 1000
 Fox-Davies Capital
 Richard Hail                                        Tel: [phone]
 Pelham Public Relations
 Charles Vivian                                      Tel: [phone]
 John McLeod                                         Tel: [phone]

    ADDITIONAL INFORMATION ON INTERNATIONAL CONSOLIDATED MINERALS Inc. 
    International Consolidated Minerals Inc (AIM: 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 and is confident of
proving up significant additional mineral reserves and resources.  The Company intends to bring the Pachapaqui Mine into production in 2009. Further information is available from the Company's
website at: http://www.icmi-inc.com.
    Notes to Editors section 
    There are more than 200 companies currently trading on the Lima Stock Exchange where Mining stocks compose a significant percentage of
the companies quoted. Total capitalization of the market exceeds US$90 billion. Trading volume has increased five fold since 2004 and
currently stands at approximately US$10 billion per annum. Trading hours for the Shares on the Lima SE are from 8:20 a.m. - 3:10 p.m. Lima
(GMT -5 hours) from the second Sunday of March to the first Sunday of November. Thereafter, trading hours change from 9:00 a.m. to 4:10 p.m.
Lima until the beginning of the previously mentioned trading period. 
    - END -

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