January 7, 2002 News Release

NEWS RELEASE ECUADORIAN MINERALS CORPORATION
January 7, 2002	Trading: TSE.EMC
ECUADORIAN RECEIVES SHAREHOLDER APPROVAL FOR NAME CHANGE TO INTERNATIONAL MINERALS CORP. At the Annual General Meeting of shareholders held on December 20, 2001 in Vancouver, Canada, Ecuadorian Minerals Corporation (the Company”) received approval from its shareholders to change the Company name to “International Minerals Corporation”. Subject to final approval by The Toronto Stock Exchange, trading of the Company’s shares under the new name and symbol (“IMZ”) is expected to commence in mid January, at which time a news release will be issued by the Company. The Company also announces that it has reached an agreement with the drilling company, Bradley Bros. Limited (“Bradley”), whereby the Company will issue to Bradley 253,725 common shares at a price of Cdn$0.81 per share with a deemed value of US$128,585 (Cdn$205,517). The cash value of this share payment represents the outstanding amount due to Bradley from the Company for costs related to the 2000 drilling program at the Company’s Vetaspata property in Peru. Issuance of the shares is subject to regulatory approval.
ON BEHALF OF THE BOARD Stephen J. Kay, President and CEO The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release. For additional information, contact Investor Relations at Tel: (480) 483-9932 or Fax: (480) 483-9926. Go Back to News Releases Return to Homepage
Ecuadorian Minerals Corporation is not a reporting issuer in the United States and the information provided herein is not a solicitation to sell shares. The Company, however, has maintained a Standard and Poor's Corporate Listing since July 1996.