IEMR Resources Inc. (TSX VENTURE:IRI) ("IEMR" or the "Company") is pleased to
announces that the Company and American CuMo Mining Corporation ("American
CuMo") have amended (the "Amendment") the option agreement dated January 26,
2010, as amended (the "Option Agreement"), with respect to the Pine Tree
Copper-Molybdenum Property in Nevada (the "Pine Tree Property") pursuant to
which the Company was granted the option (the "Option") to earn a 100% interest,
subject to an underlying net smelter returns royalty (the "Underlying NSR"), in
the Pine Tree Property and that the Company has completed its earn-in under the
Option Agreement.


Prior to the Amendment, the Company had: (a) made all cash payments due under
the Option Agreement to American CuMo except the final US$200,000 cash payment
due on or before June 25, 2014 (the "Final Cash Payment"); (b) issued a total of
4 million common shares of the Company (the "Issued Shares") to American CuMo
pursuant to the Option Agreement and was to issue an additional 1 million common
shares (the "Final Share Instalment") to American CuMo on or before June 25,
2014; and (c) incurred the amount of exploration expenditures on the Pine Tree
Property required to exercise the Option.


Pursuant to the Amendment, the parties agreed to amend the Option Agreement to
cause the Company to pay American CuMo the Final Cash Payment immediately on the
following terms: (a) that the size of the Final Cash Payment be reduced to
US$185,000 (the "Amended Payment"); that the Company not be required to issue
the Final Share Instalment to American CuMo; and that American CuMo return the
Issued Shares to the Company for cancellation.


The Company has paid the Amended Payment to American CuMo, and as such, the
Company has earned a 100% interest in the Pine Tree Property, subject to the
Underlying NSR.


The Company also announces that Charles Yuen has been appointed as the Chief
Financial Officer of the Company.


On behalf of the Board of Directors of IEMR RESOURCES INC. 

Hongxue Fu, Chief Executive Officer 

About IEMR Resources Inc.

IEMR is a junior mining company listed on the TSXV under the symbol "IRI". The
Company is directly tied to and has been formed from capital sources in China
and Canada. IEMR is devoted to taking full advantage of its capital by
participating in mineral and energy projects ranging from exploration,
development, production, processing, smeltering and mineral trade with a
long-term view. The Company's emphasis is on the Chinese and Canadian markets
utilizing the capital stemming from China and the resources and market of Canada
to create a maximum return for shareholders. The Company's investment priorities
ranked in order are copper, chromium, nickel, manganese, uranium, platinum
silver, diamonds and molybdenum. Investment and or acquisitions in exploration
projects will be focused in chromium, manganese, uranium and potash. The Company
has already formed alliances of cooperation with large smeltering steel, copper,
lead, zinc and aluminum companies.


For further information on IEMR, please refer to the Company's profile on SEDAR
at www.sedar.com or the Company's website at www.iemr.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
IEMR Resources Inc.
Charles Yuen
Chief Financial Officer
(604) 877-8563
www.iemr.ca
IEMR Resources (TSXV:IRI)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more IEMR Resources Charts.
IEMR Resources (TSXV:IRI)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more IEMR Resources Charts.