Director's Dealing

    RNS Number : 5914G
  International Consolidated Min. Inc
  23 October 2008
   

    23 October 2008
    International Consolidated Minerals Inc.
    ("ICMI" or the "Company")
    Director's Dealing
    International Consolidated Minerals Inc. (AIM & BVL: ICMI), the South American focused mineral exploration and development company, was
notified today that Greg Smith, a director of the Company, has today purchased 50,000 ordinary shares of US$0.001 each in the Company
("Ordinary Shares") at a price of £1.16 per Ordinary Share.
    Following the purchases today, Mr. Smith and companies in which he has a beneficial interest hold 7,770,257 Ordinary Shares,
representing approximately 20.62 per cent. of the Company's issued ordinary share capital.
    Enquiries:
 International Consolidated Minerals
 Greg Smith                   Chairman, CEO             Tel: [phone]
 Pawan Sharma                 Executive Vice President  Tel: [phone]
                              - Corporate Affairs
 Strand Partners Limited (Nominated Advisor)
 Simon Raggett                                          Tel: [phone]
 Matthew Chandler                                       Tel: [phone]
 Numis Securities (Joint Broker, London)
 John Harrison                                          Tel: [phone]
 James Black                                            Tel: [phone]
 Fox-Davies (Joint Broker, London)
 Richard Hail                                           Tel: [phone]
 David Poraj-Wilczynski                                 Tel: [phone]
 Credibolsa (Broker, Lima)
 Jorge Monsante                                         Tel: [phone] 
 Pelham Public Relations (Public Relations, London)
 Charles Vivian                                         Tel: [phone]
 Sergei Stephantsov                                     Tel: [phone]
 Apoyo (Public Relations, Lima)
 Gabriel Ortiz de Zevallos                              Tel: [phone]
 Gabriela Llosa                                         Tel: [phone]

    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 on 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.

    - END -

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