International Millennium Mining Corp. (“IMMC” or the “Company”) (TSX VENTURE:IMI) reports its 3^rd Quarter 2012 financial statements and MD&A (the “Quarterly Report”) for the Quarter ended September 30, 2012 (BC Form 51-102F1). Pursuant to the requirements of National Instrument 54-102, this news release provides a summary of the information contained in the Quarterly Report.

Summary of 3^rd Quarter Results Ended September 30

Summary Discussion

At September 30, 2012, the Company had a total of 93,961,346 common shares outstanding.

During the nine months ended September 30, 2012 the Company recorded a net income of $20,503 as compared to a net loss of $376,341 during the comparable period in fiscal 2011. The material variances during the periods are as follows:

1. The Company realized a gain of $640,000 on the sale of the remaining 20% interest in the Hilda/Guadalupe property. IMMC received 4 million shares of First Mexican Gold Corp. (“First Mex”) and a 2% NSR payable to IMMC with 1% re-purchasable by First Mex for US$1 million dollars;

2. The Company granted 1,615,000 stock options and extended the expiry date of 1,930,000 stock options all expiring December 31, 2014. The Company recorded $240,000 stock based compensation during the second quarter of fiscal 2012 as compared, to $18,000 during the comparable period in fiscal 2011;

3. The Company recorded a loss on foreign exchange of $31,523 during the first nine months of fiscal 2012, as compared to a foreign exchange loss of $67,948 in the comparable period in fiscal 2011, on the translation of our international subsidiaries; and

4. The Company incurred an accretion and finance cost expense of $65,723 as a result of the $400,000 loan payable as compared to a finance expense of $1,524 in the comparable period in fiscal 2011.

During the first nine months of fiscal 2012, the Company issued 4,324,849 common shares. These common shares were issued pursuant to the exercise of 50,000 stock options for proceeds of $5,000; the exercise of 3,569,265 warrants for proceeds of $359,927; the exercise of 355,584 broker warrants for proceeds of $28,447 and 350,000 shares issued for property payments. The Company received $237,948 during the quarter as part of the private placement which closed on October 12, 2012.

The Company’s working capital deficit has increased to $902,098 at September 30, 2012 as compared to a deficit of $594,901 at December 31, 2011.

General and Administration

Comparison of the quarterly results

Overall, there was a 25% decrease in general and administration expenses to $83,181 in the third quarter of fiscal 2012 from $110,495 in the third quarter of fiscal 2011 and a 23% decrease from $108,062 recorded in the second quarter of fiscal 2012. The variances were as follows:

1. The Company recorded a gain on foreign exchange of $6,432 during the third quarter of fiscal 2012, as compared to a foreign exchange gain of $127,078 in the third quarter of fiscal 2011 and a $21,880 foreign exchange loss recorded in the second quarter of fiscal 2012, on the translation of our international subsidiaries;

2. Promotion and trade show costs increased to $31,269 in the second quarter of fiscal 2012 from $28,824 in the second quarter of 2011. The primary difference is a result of marketing costs targeting the social media network. There was also a slight decrease from the $29,596 recorded in the second quarter of fiscal 2012 because of the additional investor relations costs;

3. Salaries and benefits decreased during the third quarter of fiscal 2012 to $8,064 from $18,019 recorded in the third quarter of fiscal 2011;

4. Filing fees decreased during the third quarter of fiscal 2012 to $8,327 compared to $30,649 incurred in the third quarter of fiscal 2011 primarily because of no TSX-V filings in the third quarter of fiscal 2012;

5. The Company incurred $25,833 in accretion of finance fees and interest accruals on the loan payable in the third quarter of fiscal 2012 and nil in the comparable period in fiscal 2011.

The Company recorded a net loss of $109,014 during the third quarter of fiscal 2012, as compared to a net income of $12,597 during the third quarter of fiscal 2011. The primary reason for difference is the $127,078 foreign exchange gain recorded in the third quarter of fiscal 2011.

Comparison of the results for the nine months ending September 30, 2012

Overall, there was a 17% decrease in general and administration expenses to $297,416 which includes stock based compensation of $240,000 in the first nine months of fiscal 2012 compared to $356,817 in the first nine months of fiscal 2011.

1. The Company recorded $240,000 stock based compensation during the first nine months of fiscal 2012 as compared to 18,000 during the comparable period in fiscal 2011;

2. The Company recorded a loss on foreign exchange of $31,523 during the first nine months of fiscal 2012, as compared to a foreign exchange loss of $67,948 in the first nine months of fiscal 2011;

3. Promotion and trade show costs decreased to $82,168 in the first nine months of fiscal 2012 from $86,579 in the first nine months of fiscal 2011. The primary difference is the $22,000 incurred in making a video during the first nine months of fiscal 2011 offset by new social media costs promoting the Company incurred in fiscal 2012;

4. Salaries and benefits increased during the first nine months of fiscal 2012 to $37,220 from $34,974 recorded in the first nine months of fiscal 2011, due to additional administration required for its property record keeping, regulatory filings and other legal document filings;

5. Filing fees decreased during the first nine months of fiscal 2012 to $28,812 compared to $42,164. The majority of this difference is less filing fees for private placements in 2012 compared to 2011;

6. The Company incurred $65,723 in accretion and finance costs on the loan payable in the first nine months quarter of fiscal 2012 and nil in the comparable period in fiscal 2011.

The Company recorded a net income of $20,503 during the first nine months of fiscal 2012, as compared to a net loss of $376,341 during the first nine months of fiscal 2011. The primary reason for difference is a realized gain of $640,000 on the sale of the Company’s remaining 20% interest in the Hilda/Guadalupe property to First Mex, which was partially offset by the $240,000 stock based compensation for stock options and the $65,723 in accretion and finance costs in fiscal 2012.

Exploration Programs

Nivloc Mine, Nevada Property

The Nivloc Mining Project is an advanced exploration project focused on the past-producing Nivloc silver-gold mine in the Silver Peak mining district in Nevada. As of April 5, 2012, thirty-seven (37) drill holes, totaling approximately 10,500 metres were completed on the property.

On August 16, 2012, the Company announced the results of its initial National Instrument 43-101 compliant independent Mineral Resource Estimate on its Nivloc Silver and Gold Project located in Southwest Nevada, USA (the “Nivloc Property”). The independent technical report on the Nivloc Property (the “Technical Report”), dated effective December 31, 2011, concludes that the area tested by the 2011 drilling program contains an Inferred Mineral Resource, at 40 g/t Ag cut-off, of 1,640,000 tonnes at a grade of 106.47 g/t Ag and 0.78 g/t Au. The Technical Report recommends a Phase 1 exploration program having these objectives: 1) improving the level of confidence within the drilled area by tightening the drill spacing (at least 11 drill holes); 2) expanding the currently defined resource area by drill testing along strike towards the northeast and southwest (at least 5 drill holes); and 3) initiating preliminary metallurgical, and engineering studies and baseline data collection in anticipation of an underground exploration and development program (Phase II). This recommended work program is expected to upgrade the resource from the inferred to the indicated category, but there can be no assurance of such an expected upgrade. The recommended program includes a total of 16 drill holes (4,000 meters) and is estimated to cost approximately $1.3 million. The Technical Report is filed on SEDAR and the Company’s website.

The Company plans to continue the drilling program in late 2012 or early 2013, which program will be funded by a private placement and the exercise of outstanding warrants. Results from drill holes 1 through drill hole 34 have been announced by the Company and filed on SEDAR and can also be reviewed on the Company’s website at www.immc.ca.

Simon Mine, Nevada Property

The Simon Mine is a former producing polymetallic mine, located in the Walker-Lane Trend south of Reno, Nevada. Shut down in the late 1960s, this project now presents itself as an exploration and development opportunity offering both size and grade potential for long-term mining. Historical records of ore shipped from the 905 drift (89 rail cars) indicate average grades 12 oz Ag, 0.04 oz Au, 9% Pb, 5.7% Zn and 3% Cu. (These historic figures are considered relevant and demonstrate the potential of the property, but need to be verified by the Company). A drilling program began in February, 2010 and was completed in August, 2010. Results were reported for seven drill holes. The Company plans to carry out a phase II drill program sometime in 2012/2013.

Subsequent Events

On October 2, 2012 the Company extended the exercise dates of 13,200,000 warrants, exercisable at $0.10 per share, from their current expiry dates of November 1, 2012 to May 1, 2013. There has been no change to the warrants’ exercise prices.

On October 2, 2012 the Company granted incentive stock options for the right to purchase up to 100,000 shares of the Company at $0.10 per share, exercisable for one year.

On October 12, 2012 the Company closed the first tranche of its private placement which raised gross proceeds of $822,700. Under the terms of the offering, the Company has issued 10,283,750 units at $0.08 per unit. Each unit is comprised of one (1) common share and one (1) non-transferable share purchase warrant entitling the holder to purchase an additional share at $0.10 per share if exercised on or before April 11, 2014. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending February 12, 2013.

The Company paid finders’ fees to certain finders for an aggregate amount of $36,120 in cash and 217,500 broker warrants in connection with this first tranche of the private placement. Each broker warrant entitles the holder to acquire one broker unit at $0.08 if exercised on or before April 11, 2014; each broker unit is comprised of one common share and one ordinary share purchase warrant entitling the holder to acquire one additional share at $0.10 per share, if exercised on or before April 11, 2014.

Management is focused on precious metal polymetallic projects in the Americas and is working towards building a strong, stable and well financed mineral exploration and small mines mining company.

Concurrently with this news release, the Company is filing its 3rd Quarter Report with the regulatory authorities through SEDAR (www.sedar.com), and has mailed it to shareholders who have requested copies and whose names appear on the Company’s Supplemental List. Additional information about International Millennium Mining Corp. and its mineral property interests, including technical reports, is available on the internet at the SEDAR website www.sedar.com, or on the Company’s website www.immc.ca.

International Millennium Mining Corp. (TSX VENTURE:IMI) is a mineral exploration and development company engaged in acquiring known smaller mine deposits, such as its Nivloc, Nevada silver-gold mine project, in the Americas, with the goal of advancing the properties to the mining stage. Emerging targets include silver, gold, copper, zinc and lead. The Company’s common shares trade on the TSX Venture Exchange under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.

ON BEHALF OF THE BOARD

John A. Versfelt, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com).

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.