Elevated to Main Board on the Lima Stock Exchange

    RNS Number : 2508I
  International Consolidated Min. Inc
  17 November 2008
   

    17 November 2008

    INTERNATIONAL CONSOLIDATED MINERALS INC.
    ("ICMI" or "the Company")

    ICMI Elevated to Main Board on the Lima Stock Exchange
    International Consolidated Minerals Inc. (AIM & BVL: ICMI), the South American focused mineral exploration and development company, is
pleased to announce that official notification has recently been received from the Lima Stock Exchange ("Exchange") to incorporate the
Company's listing to the main board (regular market) of the Exchange as of 11 November 2008. This move signifies that the Lima Stock
Exchange no longer considers ICMI to be a "junior" mining company, and enables more investors to trade and invest in shares of ICMI, which
was not previously possible whilst the Company was listed on the junior board of the Exchange.
    The decision made by the Exchange is due to ICMI having successfully placed the Pachapaqui mine into production. The mine celebrated its
start-up of the concentrator on 5 November 2008, is now in full production and aims to build up from 300 tonnes per day ('tpd') to 800 tpd
of ore processing in the first Quarter of 2009. 
    Greg Smith, Executive Chairman and CEO commented,
    "We are very pleased that ICMI's shares are now listed on the main board of the Lima Stock Exchange. This is a very important step in
the Company's history recognising a major shift in ICMI's status as a producing miner at the beginning of this month. 
    We are confident that ICMI's Lima Listing will help us to build our corporate profile in the region and will give the local investor
community a better chance to participate in the Company's future growth."

    Enquiries:
 International Consolidated Minerals 
 Greg Smith                   Chairman, CEO             Tel: [phone]
 Pawan Sharma                 Executive Vice President  Tel: [phone]
                              - Corporate Affairs
 Strand Partners Limited (Nominated Adviser)
 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 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
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