InMed Pharmaceuticals Inc. (INM)

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International Northair Mines Ltd.: High Grade Trenching Results Received From El Tesoro Includes 6.0 Metres of 27.04 G/T Gold and 702.2 G/T Silver
Tuesday December 23, 11:42 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 23, 2003--International Northair Mines Ltd. (TSX VENTURE:INM - News) has received initial mechanical trenching results from the El Tesoro Project, Durango State, Mexico. These results, in conjunction with the current exploration program, have further reinforced the property's exploration potential. At El Tesoro, Northair controls a contiguous land package of approximately 1000 hectares, covering 7 currently known gold bearing zones. (See Company Website for maps and photos). Previous hand trenching and sampling of these zones by the Company has returned significant gold values over appreciable widths.

The current mechanical trenching program has been very successful in extending previously known zones of mineralization, exposing full widths, and providing excellent outcrops for geologic mapping. A total of 10 mechanical trenches were completed on the A Zone, and results are listed below:

SUMMARY
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SAMPLE INTERVAL AVERAGE AVERAGE
LINE (m) GOLD (G/T) SILVER (G/T) COMMENTS
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23 Pending Results pending
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24 6 27.04 702.2 No bedrock exposed
within two portions of
trench.(1) True
mineralized section
estimated to be
9 metres wide.
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25 2 9.12 157.0 Additional sample
results pending
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26 3 56.93 261.7 Open to east
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27 6 16.09 114.0 Open to east
includes 4 22.60 149.0
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28 4 10.43 77.5 No bedrock exposed
for 1.5 metres within
trench.(1) True width
estimated to be 5.5
metres. Additional lower
grade mineralization (less
than 2 g/t gold) open
to east
--------------------------------------------------------------------
29 7 8.24 77.7 Lower grade (less than
2 g/t gold)
mineralization
includes 3 13.26 119.0 open to east
--------------------------------------------------------------------
30 10 5.08 52.3
includes 2 17.03 98.0
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31 1 3.43 54.0
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32 Pending Results pending
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(1) Excavator did not reach bedrock in certain portions of trench.
The trenching program within the A zone was completed over an approximate strike distance of 90 metres. Additional trenches along strike to the north and south of the zone failed to penetrate post-mineral cover. The trenches exposed higher grade gold mineralization, grading into lower grades (less than 2.0 g/t gold) over a much greater width than previously anticipated. In addition, significantly higher grade silver mineralization was encountered.
Since October, Northair has built and improved access roads, conducted mechanical and additional hand trench sampling in 4 of the 7 known zones, and collected an additional 284 samples to supplement the 474 samples previously taken by the Company. Utilizing an excavator and two caterpillar tractors, new roads have been constructed to provide access to the A, D, and E Zones as well as the upper portions of the B and C Zones. Mechanical trenching has been undertaken on the A and E Zones, while additional hand trenching has been completed on the B and C Zones where topography limits access to the excavator. A road is currently under construction to provide access to the G Zone and old underground mine workings at the B Zone. Detailed geologic mapping and sampling, which is ongoing, has been conducted in conjunction with the road building and trenching. The current program is designed to give Northair the data and infrastructure necessary to optimize drilling set to commence early in 2004. Results from the program will be released as assays are received.
As well as its ongoing project work, the Company is continuing the ongoing generative exploration program in Mexico and is presently assessing other opportunities for acquisition.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Fred G. Hewett, President

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