Mr. John Versfelt reports

INTERNATIONAL MILLENNIUM MINING CORP. REPORTS 3RD QUARTER RESULTS

International Millennium Mining Corp. has released results for its fiscal year 2013 third quarter ended Sept. 30, 2013.

              SUMMARY OF THIRD QUARTER RESULTS ENDED SEPT. 30

                                Third quarter  Third quarter   Year to date
                                  fiscal 2013    fiscal 2012    fiscal 2013
General and administrative
expenditures (1)                  $    68,804    $    83,181    $   243,370
(Gain) loss on foreign exchange         1,187         (6,432)           844
Stock-based compensation (1)           22,000              -         22,000
Gain (loss) on disposal mineral
properties                                  -              -        (15,000)
                                  ------------   ------------   ------------
Net income (loss) for the
period                            $   (90,804)   $   (83,181)   $  (344,357)
                                  ============   ============   ============
Net and comprehensive income
(loss) for the period                (112,916)        (2,014)      (434,578)
Net income (loss) per share       $      0.00    $      0.01    $      0.00

(1) Stock-based compensation is excluded from the general and administration
expenses.

Summary discussion

At Sept. 30, 2013, the company had a total of 113,713,296 common shares outstanding.

During the nine months ended Sept. 30, 2013, the company recorded a net loss of $344,357 as compared with a net income of $20,503 during the comparable period in fiscal 2012. The material variances during the periods are as follows:

1. During the first nine months of fiscal 2012 the company recorded a $240,000 stock-based compensation when the company granted 1,615,000 stock options and extended the expiry date of 1.93 million stock options all expiring Dec. 31, 2014, as compared with a $22,000 expense during the first nine months of fiscal 2013 as a result of the granting of a further 1,225,000 options.
2. The company had recorded a gain of $640,000 during the first nine months of fiscal 2012 compared with nil gain in the nine months of fiscal 2013 (this amount was recalculated in the fourth quarter of fiscal 2012 to $170,825) on the sale of the remaining 20-per-cent interest in the Hilda/Guadalupe property. IMMC received four million shares of First Mexican Gold Corp. and a 2-per-cent NSR payable to IMMC with 1 per cent repurchasable by First Mex for $1-million (U.S.). The company had previously reported the gain of $640,000 in the first quarter of fiscal 2012, but it was revised to reflect the present value of the four million shares received. According to an agreement signed with First Mex, IMMC can only sell 50,000 shares per month, unless otherwise agreed between the parties.
3. The company incurred an accretion expense of $42,947 during the first nine months of fiscal 2013 as a result of a $286,000 loan, as compared with $31,206 during the first nine months of fiscal 2012.
4. The company wrote down resource properties by $15,000 in the first nine months of fiscal 2013.

In the first nine months of fiscal 2013, the company issued 715,000 common shares, as a bonus for a loan of $286,000 received in January, 2013, and a further 450,000 shares were issued for property payments. On May 23, 2013, the company announced a second tranche private placement of 8.25 million units at eight cents per unit, for gross proceeds of $660,000. Each unit comprises one common share and one non-transferable share purchase warrant entitling the holder to purchase an additional share at 10 cents per share if exercised on or before Nov. 23, 2014.

The company's working capital deficit increased to $796,112 at Sept. 30, 2013, as compared with a deficit of $513,422 at Dec. 31, 2012.

Operating expenses

Comparison of the quarterly results

Over all, there was a 17-per-cent decrease in expenses, to $68,804 (does not include the $22,000 stock-based compensation expense) in the third quarter of fiscal 2013, compared with $83,181 in the third quarter of fiscal 2012 and a decrease from the $90,093 recorded in the second quarter of fiscal 2013:

1. In the third quarter of fiscal 2013, the company recorded a foreign exchange loss of $1,187, compared with a foreign exchange gain of $6,432 in the comparable fiscal 2012 period, as a result of the translation of the foreign subsidiaries.
2. The company recorded $22,000 stock-based compensation during the third quarter of fiscal 2013 as compared with nil during the comparable period in fiscal 2012.
3. Promotion and trade show costs decreased to $20,970 in the third quarter fiscal 2013, from $31,269 in the third quarter of fiscal 2012. The primary difference is the reduced trade show activity.
4. Transfer agent and filing fees decreased during the third quarter of fiscal 2013 to $2,703 compared with $8,327 in the comparable fiscal 2012 period.

The company recorded a net loss of $112,916 during the third quarter fiscal 2013, as compared with a net loss of $109,014 in the third quarter of fiscal 2012 and net loss of $112,457 during the second quarter of fiscal 2013.

Comparison of year-to-date results to Sept. 30, 2013, and Sept. 30, 2012

Over all, there was an 18-per-cent decrease in expenses to $243,370 in the first nine months of fiscal 2013, compared with $297,416 (does not include the $240,000 stock-based compensation expense) in the first nine months of fiscal 2012:

1. In the first nine months of fiscal 2013, the company recorded a foreign exchange loss of $844, compared with a foreign exchange loss of $31,523 in the comparable fiscal 2012 period, as a result of the translation of the foreign subsidiaries.
2. Promotion and trade show costs increased to $87,567 in the first nine months of fiscal 2013, from $82,168 in the first nine months of fiscal 2012. The primary difference is the additional costs incurred attending trade shows in the first half of fiscal 2013.
3. The company recorded a $22,000 stock-based compensation during the first nine months of fiscal 2013 as compared with $240,000 during the comparable period in fiscal 2012.
4. Salaries and benefits decreased during the first nine months of fiscal 2013 to $27,917 from $37,220 recorded in the comparable period in fiscal 2012, due to less administration required for its property record keeping, regulatory filings and other legal document filings.
5. The company wrote down resource properties by $15,000 in the first nine months of fiscal 2013 as compared with nil in the comparable period in fiscal 2012.

The company recorded a net loss of $344,357 during the first nine months of fiscal 2013, as compared with a net income of $20,503 in the comparable period. The company had recorded a gain of $640,000 during the first nine months of fiscal 2012 compared with nil gain in the nine months of fiscal 2013 (this amount was recalculated in the fourth quarter of fiscal 2012 to $170,825).

On Nov. 20, 2013, the company returned 5,625,000 common shares to its treasury, which common shares were held by the company, pending delivery of $450,000 as proceeds of a private placement announced and approved on May 23, 2013, but subsequently not received.

Exploration programs

Nivloc mine, Nevada

In August, 2012, the company filed its initial National Instrument 43-101-compliant, independent mineral resource estimate on its Nivloc silver and gold project. The independent technical report, entitled, "NI 43-101 Technical Report on the Nivloc Mine Property, Esmeralda County, Nevada, USA," was prepared for the company by Seymour M. Sears, a consulting geologist based in Sudbury, Ont., P. J. Hollenbeck, an independent resource modelling geologist based in Colorado Springs, Col., and A. David Heyl, an independent geologist based in Denver, Colo. The technical report is available under the IMMC profile on SEDAR and on the company's website.

The technical report concludes that the area tested by the 2011 drilling program on the Nivloc mine property contains an inferred mineral resource, at 40-gram-per-tonne-silver cut-off, of 1.64 million tonnes at a grade of 106.47 grams per tonne silver and 0.78 gram per tonne gold.

Further infill drilling at the Nivloc mine property, reported in December, 2012, verified the thickness and grades that were reported in the technical report. Hole 12NL-35, collared from pad 6, tested an area between the 700- and 800-foot levels within the old mine workings and below resource blocks outlined by the 2011 drilling program. Drill highlights from the hole included 115 feet at 89.1 grams per tonne silver and 0.33 gram per tonne gold, including 13.5 feet at 210.0 grams per tonne silver and 1.03 grams per tonne gold, including three feet at 436.0 grams per tonne silver and 2.57 grams per tonne gold.

The company also reported results from two more drill holes completed on its Nivloc mine property. Holes 12NL-36 and 12NL-37 tested an area between the 600- and 800-foot levels of the historic mine workings, within and near the eastern end of the 2011 43-101 resource area. Drill hole 12NL-36 tested an area between three previously drilled holes, while 12NL-37 was a short step-out hole toward the northeast, although proximal to two other holes completed in 2011. Drill highlights from hole 12NL-36 included: 70.0 feet at 103.0 grams per tonne silver and 0.43 gram per tonne gold, including one foot at 335.6 grams per tonne silver and 1.12 grams per tonne gold. Drill highlights from hole 12NL-37 included 92.0 feet at 163.8 grams per tonne silver and 0.80 gram per tonne gold, including 3.5 feet at 599.0 grams per tonne silver and 4.27 grams per tonne gold.

On March 11, 2013, the company announced that its wholly owned subsidiary, International Millennium Mining Inc., executed a sale and purchase agreement to acquire the balance of Silver Reserve Corp.'s underlying interests in the Nivloc mine property. The company made a non-refundable 10-per-cent deposit of $42,500 (U.S.) during the first nine months of fiscal 2013. However, this agreement was terminated Oct. 3, 2013.

Wild Goose property

The Wild Goose property, encompassing 2,918.62 hectares, is located approximately 23 kilometres northwest of Revelstoke, B.C., and five kilometres north of Mount Copeland (approximately 10 minutes by helicopter from the Revelstoke airport). The property is underlain by the Shuswap metamorphic complex. Historical reports identify four distinct lead/silver/zinc showings, several of which have anomalous gold values. Geologically, the showings all occur in the footwall of the easterly striking Bews Creek fault, which may be a detachment structure.

Mobile metal ion soil sampling was carried out on the Wild Goose property in October, 2012. The MMI survey was conducted on two grids, each with a line spacing of 100 metres and a sample interval of 25 metres, as part of a program designed to extend the known mineralization on the property and locate previously unknown mineralization. The MMI results revealed that both the north and south MMI grids are almost entirely covered by highly anomalous lead results. In addition, a silver anomaly covers almost the entire north grid.

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

Concurrently with this news release, the company is filing its quarterly financial statements, and management discussion and analysis (B.C. Form 51-102F1) with the regulatory authorities through SEDAR, and has mailed it to shareholders who have requested copies and whose names appear on the company's supplemental list.

We seek Safe Harbor.