IAMR - InterAmerican Resources, Inc. (fka IAMR)

[jmhollen]

Related NEWS....: MTN Holdings, Inc. Announces the Forming of a Joint Venture with
InterAmerican Resources, Inc. to Smelt and Refine Metals in Nevada

NEW YORK, Nov 29, 2001 /PRNewswire via COMTEX/ -- MTN Holdings, Inc. (OTC
Bulletin Board: MTNA), a Nevada corporation, announced today the signing of an
agreement with InterAmerican Resources, Inc. (OTC Bulletin Board: IAMR) for the
license of a gold depository company in Nevada, of which MTNA will participate
in the venture and establish a Western operation in Clark County, Nevada to
handle requirements of IAMR.

Mr. M. Spiegel, CEO of MTNA, stated, "We are pleased to be entering into the
joint venture with IAMR for refining on location in Nevada. This operation, as
part of the multi-year refining agreement announced previously, will add to
existing revenues of MTNA."

The President of InterAmerican Resources Inc., Allan Smith, added, "The
licensing agreement is a major step in our efforts to move from the exploration
to production phase of our business plan. We expect the joint venture with MTN
to be fruitful to both our companies."

CONTACT: M. Spiegel of MTNA, [phone], or [e-mail]; or
Allan Smith of IAMR, [phone], or [e-mail]

SOURCE MTN Holdings, Inc.

CONTACT: M. Spiegel of MTNA, [phone], [e-mail];
or Allan Smith of IAMR, [phone], [e-mail]

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