In February 2007, Ventura Gold Corp. ("Ventura") signed a Letter Agreement with Compañía Minera Ares S.A.C., a wholly owned subsidiary of Hochschild Mining plc to acquire an initial 51% interest in the Inmaculada gold-silver exploration property, with an option to acquire up to a 70% total interest upon completion of a bankable feasibility study.  In March 2009 Ventura announced completion of necessary exploration committments to earn its initial 51% interest.  On January 12, 2010, International Minerals acquired the Inmaculada property as part of the closing of a business transaction to acquire Ventura.  Drilling is currently underway to further delineate the Inmaculada deposit and move the project toward completion of a feasibility study.

Inmaculada is located southwest of Cuzco in southern Peru and is approximately 30km southwest of Hochschild's Selene/Explorador silver-gold mine and approximately 40km south of International Minerals/Hochschild Pallancata mine. The property consists of 40 mining concessions, totaling approximately 27,000 hectares.

Geology

The Inmaculada property is characterized by both low-sulfidation and high-sulfidation epithermal mineralized systems, hosted by veins, breccias and disseminations within Tertiary volcanics. Between 1998 and 2004, Hochschild conducted geological mapping, geochemical sampling, geophysics and diamond drilling programs to gain a better understanding of the economic potential of the project. In order to support exploration, Hochschild also completed a network of access roads and drill roads throughout the property.

Hochschild obtained their best historical exploration results from three project areas: Minascucho-San Salvador, Quellopata and Tararunqui.

Minascucho-San Salvador

Minascucho contains a prospective WNW-trending structural belt with a potentially bulk-mineable gold and silver. Mineralization is localized along the margins of a diatreme breccia and is partially exposed at the surface, where it reaches a thickness of up to 47m and a strike length of at least 250m. Hochschild drilling results include a 40m intercept with an average grade of 1.9 grams per tonne (g/t) gold and 20 g/t silver.

The San Salvador project appears to be similar to Minascucho, however minimal exploration work has been completed to date. Rock chip sample assays reported 6 g/t gold. Further study will be required to determine the potential of the project.

Quellopata

The northeast trending Quellopata veins are hosted within a 25 km area. Results of core samples from the five different veins were encouraging including: 3.6m at 6.7 g/t gold and 63 g/t silver, 2.1m at 8.1 g/t gold and 151 g/t silver and 1.5m at 5.9 g/t gold and 272 g/t silver. All of these veins will require further drilling at depth and along strike.

Tararunqui

Anomalous values of gold and silver were reported by Hochschild from Tararunqui within a high-sulfidation system. While the values were generally sub-economic (100-600 ppb gold), a significant amount of mineralization remains untested.

The technical information reported here was supervised and reviewed by International Minerals' Qualified Person, Exploration Manager Mark Cannuli.