Share Purchase Agreement Terminated

FOR RELEASE: January 10, 2020 Telephone: (604) 527-8135

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

Share Purchase Agreement Terminated

VANCOUVER, British Columbia, January 10, 2020 -- International Millennium Mining Corp. (TSX-V: IMI) (the

“Company” or “IMMC”) and Phoenix Capital Enterprises Ltd. (“Phoenix”) have agreed to terminate their agreement

to complete a business combination and reverse takeover transaction (the “Transaction”), which would have resulted

in IMMC acquiring all of the issued and outstanding common shares of Tengri Coal and Energy Pte. Limited in

exchange for newly issued common shares of IMMC. The Transaction was originally announced by the Company in

its news release dated August 31, 2018.

Trading of the Company’s common shares on the TSX Venture Exchange (the “Exchange”) was halted in accordance

with the policies of the Exchange , pending completion of the Transa ction. IMMC will file an application with the

Exchange to request that trading of its common shares be resumed.

International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver

Peak silver-gold project in southwest Nevada. The Company’s common shares trade on the Exchange under the

symbol: IMI.

ON BEHALF OF THE BOARD

“John A. Versfelt”

John A. Versfelt

President and CEO

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

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

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policie s of the TSX Venture 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.