Bridge Financing Closed

FOR RELEASE: June 14, 2019 Telephone: (604) 527-8135

CONTACT: John A. Versfelt, President & CEO E-mail: [email protected]

BRIDGE FINANCING CLOSED

Not for distribution to United States newswire services or for release, publication,

distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

VANCOUVER, British Columbia, June 14, 2019 -- International Millennium Mining Corp. (TSX-V: IMI) (the

“Company” or “IMMC”) is pleased to announce that further to its June 4, 2019, news release, the Company has

received TSX Venture Exchange (the “Exchange”) conditional acceptance and has closed its bridge financing (the

“Bridge Financing”), representing the funds needed to fund the Company as it works to satisfy the closing conditions

for the reverse takeover transaction with Phoenix Capital Enterprises Ltd. (“Phoenix”), which was announced August

31, 2018 (the “RTO Transaction”).

The Bridge Financing consists of the issuance of C$50,000 of convertible unsecured debentures at a price of C$1,000

per unit, with each debenture unit consisting of a C$1,000 principal amount 30 -month 12% unsecured convertible

debenture of the Company (a “Deben ture”). The Debenture will be convertible into that number of units, each unit

consisting of one (1) transferable common share and one (1) warrant (together a “Conversion Unit”), calcu lated on

the basis of either: i) if converted prior to the completion of the RTO Transaction and proposed 20 for 1 consolidation

(the “Consolidation), at a conversion price of $0.05 per Conversion Unit (resulting in 1,000,000 Conversion Units)

for the first 12 months of the term and $0.10 per Conversion Unit for the balance of the term of the Debenture after

the initial 12 months (resulting in 500,000 Conversion Units); or ii) following completion of the Consolidation, at a

conversion price of $0.50 per consolidated Conversion Unit (resulting in 100,000 consolidated Conversion Units).

Pursuant to the Bridge Financing the Company , following receipt of the Exchange’s final acceptance, will issue 50

Debentures for gross proceeds of C$50,000. All securities issued under the Bridge Financing are subject to a four

month hold period, expiring October 8, 2019, and are subject to a resale restriction prohibiting the holder from

transferring securities until the close of the RTO Transaction or approval is received from the Exchange.

International Millennium Mining Corp. (TSX-V: IMI) 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”

John A. Versfelt

President and CEO

Further information about the Company can be found o n SEDAR ( www.sedar.com) or by contacting Mr. John

Versfelt, President & CEO of the Company at 604-527-8135.

* * * * * * *

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable,

disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder appro val is obtained. There

can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with

the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied

upon. Trading in the securities of IMMC should be considered highly speculative.

International Millennium Mining Corp. Page 2

June 14, 2019

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved

the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange)

accepts responsibility for the adequacy or accuracy of this release. 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.