DENVER, June 9, 2005 (PRIMEZONE) -- International Precious Minerals Group, Inc. (Pink Sheets:IPMG) is pleased to announce it has entered into discussions with GUL Mining Co. Ltd. to obtain their interest in several mining properties in Cambodia.
"We are extremely excited with the potential of the properties we are looking at," said Brian Robertson, CEO and president of IPMG. "I have met with the CEO of GUL Mining Co. Ltd., and we have had encouraging discussions about their holdings. We will be finalizing the agreement in the upcoming weeks."
International Precious Minerals Group, Inc. is a mineral exploration company focusing on gold and other precious mineral deposits predominantly in Southeast Asia and Africa.
This release contains certain statements that are "forward-looking" as the term is defined in the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans, and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, political and other business risks, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which International Precious Minerals Group, Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. International Precious Minerals Group, Inc. expressly disclaims any obligation to update the statements contained in this release.
ON BEHALF OF INTERNATIONAL PRECIOUS MINERALS GROUP, INC.