InMed Pharmaceuticals Inc. (INM)

[Ed Monton]

And they are optioning it:

Northair Joint Ventures Sierra Rosario Property With
Sparton

TORONTO, ONTARIO--(CCNMatthews - Mar 18, 2004) - International
Northair Mines Ltd. (TSXV: INM) ("Northair") and Sparton
Resources Inc. (TSXV: SRI) ("Sparton"), have signed a binding
Option Agreement ("the Agreement") whereby Sparton can earn a 51%
interest in Northair's Sierra Rosario project. The 500 hectare
project area lies along the western flanks of the Sierra Madre
Occidental geological province in the state of Sinaloa, Mexico
and was staked by Northair as part of the company's ongoing,
highly successful, generative exploration activities in the
region.

Sierra Rosario covers at least six gold and silver occurrences
discovered by Northair's exploration staff. The "San Rafael Zone"
contains strong gold-silver mineralization in a rhyolite porphyry
that has been traced on surface for over 150 metres along strike,
and has an exposed apparent width of up to 40 metres. The zone is
open in both directions along strike. Twenty-three chip channel
samples taken from this zone by Northair averaged 181 g/t silver
and 0.32 g/t gold. Eight grab samples from this zone returned
1.79 g/t gold and 200 g/t silver with a high of 10.79 g/t gold
and 711 g/t silver.

Sparton's first phase of exploration, which is expected to begin
in May 2004, will consist of further geological mapping of the
concession, and detailed mapping and sampling of the San Rafael
Zone and other occurrences within the property area. Subsequent
programs, as warranted, may include road construction, mechanical
trenching and possibly drilling, likely using reverse circulation
methods. Sparton will be utilizing Northair's Mexican exploration
expertise to assist in the initial phases of exploration on the
Sierra Rosario property.

The terms of the Agreement require Sparton to earn its 51%
interest by paying Northair $130,000(Cdn) in cash, issuing
275,000 common shares and incurring $800,000(Cdn) in exploration
expenditures over a four year period. The Agreement is subject to
regulatory approval.

"Sparton is pleased to be associated with Northair's seasoned
team of explorationists and developers", stated Lee Barker,
Sparton's president. "We have monitored their aggressive
generative exploration programs in Mexico, and wish Northair
every success in its first-phase drill program on its 100% owned
El Tesoro project in Durango State."

Fred G.Hewett, Northair's President, stated: "Northair is
delighted to be working again with members of the Sparton team.
They have a long and successful history of project exploration,
development, and mining in Mexico in their previous positions
with several Canadian resource companies, including Lacana Mining
Corporation."


/T/

ON BEHALF OF THE BOARDS OF:
INTERNATIONAL NORTHAIR MINES Ltd.
Per:

"Fred G. Hewett"
----------------------
Fred G. Hewett, P.Eng.
President


SPARTON RESOURCES INC.
Per:

"A. Lee Barker"
------------------------------
A. Lee Barker, P.Eng. P. Geol.
President

/T/

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press
release. This news release may contain forward looking statements
which are not historical facts, such as ore reserve estimates,
anticipated production or results, sales, revenues, costs, or
discussions of goals and exploration results, and involves a
number of risks and uncertainties that could cause actual results
to differ materially from those projected. These risks and
uncertainties include, but are not limited to, metal price
volatility, volatility of metals production, project development,
ore reserve estimates, future anticipated reserves and cost
engineering estimate risks, geological factors and exploration
results. See the Company's AIF Report and filings for a more
detailed discussion of factors that may impact expected results.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
International Northair Mines Ltd.
604-687-7545 OR TOLL FREE 1-888-338-2200
http://www.northair.com/international/
or
Sparton Resources Inc.
416-947-0907
http://www.spartonres.ca



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