February 19, 2003 News Release

NEWS RELEASE INTERNATIONAL MINERALS CORPORATION (formerly Ecuadorian Minerals Corporation)
February 19, 2003	Trading: TSX & SWX: "IMZ"
NORTHERN SECURITIES FILES LEGAL PROCEEDINGS AGAINST INTERNATIONAL MINERALS AND THE TORONTO STOCK EXCHANGE International Minerals Corporation (“the Company”) and the Toronto Stock Exchange have been named as co-defendants in a legal proceeding filed in Ontario by Northern Securities, Inc. (“Northern”) of Toronto, Canada on February 14, 2003. Northern alleges that the Company is in violation of a May 30, 2002 engagement letter between the Company and Northern whereby Northern was to act as agent on a best efforts basis to undertake a specific private placement in Canada of shares and warrants of the Company. The private placement did not proceed because Northern was unable to arrange investors for the financing. Northern’s legal proceeding claims, among other things, damages for breach of contract in the amount of Cdn$1.5 million. The Company considers this legal proceeding to be wholly without merit and will vigorously defend its position and pursue all its own legal rights and remedies.
ON BEHALF OF THE BOARD Stephen J. Kay, President and CEO The Toronto and Swiss Stock Exchanges neither approve nor disapprove 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
International 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.