Fortbridge Media Release

International Base Metals Limited [IBML] - IBML issues updates on Heilong Fund and Appoints New Director

International Base Metals Limited (IBML) announced that it has received the first tranche of funds ($15 million) from Heilongjiang Heilong Resources Investment Co. Ltd (Heilong) under the Subscription Agreement whereby Heilong is to subscribe A$30 million in the share capital of IBML, at an issue price of 20 cents per share.

In consideration for receipt of the first tranche subscription monies, IBML issued 75 million shares to Heilong�s nominee Rui King Resources Limited (RKR) on 16 April 2013.

Subscription monies representing the second tranche ($15 million) are scheduled to be received by IBML on or before 14 June 2013.

In the meantime, the Company announced that Mr Rui Liu, General Manager and Chairman of Heilong Group, has been appointed as a Director of IBML.

Rui Liu became the Deputy Director of Heilongjiang Geology Mineral Testing Application Research Institute in 1988 and later went to Botswana as Deputy General Manager of CGC Botswana Co., Ltd. He was formerly a director of Heilongjiang Longxing International Resource Development Group Co. Ltd. He holds the position of Executive Deputy Chairman of the Heilongjiang Mining Industry Association and is the Deputy Chairman of Heilongjiang Gold and Silver Jewellery Association.

IBML is an unlisted Australian-registered mineral exploration company with a primary focus on copper in Namibia and additional projects in Australia.

Please see the attached announcement for more details.

For further information, please contact:

Frank Bethune
Managing Director
Telephone: +61 421 446 121
Email:

MEDIA & INVESTOR RELATIONS ENQUIRIES:

Fortbridge Consulting: + 612 9003 0477

Fortbridge / Sydney
Tristan George
Mobile: +61 407 218 832
Email:

Fortbridge / Hong Kong
Christine Wootliff
Mobile: +852 908 723 27
Email:

Fortbridge / Singapore
Pierre Mas
Mobile: +65 9817 1017
Email:

Fortbridge / 中国市场及中文咨询
Isabella Kou
手机：+61 425 567 931
邮件：

Fortbridge / London
Matt Beale
Mobile: +44 (0) 7966 389 196
Email:

Fortbridge / Фортбридж
Marina Trusa
Телефон: +61 404 330 634
E-mail:

Fortbridge / New York
Luke Dean
Mobile: +1 310 210 7696
Email:

Fortbridge / Toronto
Rodney Ireland
Mobile: +1 647 704 9054
Email:

Fortbridge / Brazil
Julian Beach
Mobile: +55 21 8020 7513
Email: