InMed Pharmaceuticals Inc. (INM)

[amarksp]

International Northair Mines Ltd. (TSXV:INM) has regained a 100% interest in the Sierra Rosario property, Sinaloa State, Mexico, by giving notice of default to the property optionee. Sierra Rosario is known to contain six separate zones of gold and silver mineralization and was staked by Northair in 2002 as a result of its generative mineral exploration program.

Exploration by Northair on the property concentrated on the San Rafael Zone where geological mapping and sampling has defined mineralization over an area of approximately 200 by 70 metres within an intensely altered rhyolite porphyry. Twenty-three samples from this zone averaged 181 g/tonne silver and 0.321 g/tonne gold over average widths of approximately 15 metres. This sampling indicates the potential for a bulk tonnage silver/gold deposit and additional work is warranted to further test this potential. Further exploration is also justified on Sierra Rosario’s remaining five zones, where initial sampling has returned gold values up to 5.48 g/tonne from grab samples.

Northair now has four prospective properties with multiple precious metal targets located in the Mexican Sierra Madres. A mechanical trenching program continues at the El Tesoro Project to further define targets for an upcoming drill program. Planning is also underway for an initial program at the recently acquired Las Moras Project.
In corporate matters, Northair has granted options of 100,000 shares at $0.69 to employees of the Company.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.