InMed Pharmaceuticals Inc. (INM)

[Ed Monton]

Summary of El Tesoro First Phase Drill Program, March 2004

 
  
 A zone 
  
 Depth           Int-   Au   Ag    Total 
  m              erval  g/t  g/t   depth 
                  m                 m 
  
 TRC-04-001 
  
 21.34 -- 25.15  3.81  5.10  26.5   76.2 
 incl. 
 21.34 -- 21.52  2.29  7.69  35.6 
 and 
 28.19 -- 28.96  0.76  1.98   7.9 
  
 TRC-04-002 
  
 18.29 -- 22.10  3.81  4.85  26.8  54.86 
 and 
 29.72 -- 30.48  0.76  1.28   3.6 
  
 TRC-04-003 
  
 11.43 -- 15.24  3.81  mine        45.72 
                       workings 
  
 15.24 -- 16.76  1.52  3.26  30.3 
 and 
 32.00 -- 35.05  3.05  1.48  31.7 
  
 TRC-04-004 
  
 22.10 -- 22.86  0.76  1.10   6.6 45.72 
  
 TRC-04-005 
  
 48.77 -- 51.05  2.29  6.13  24.6 76.2 
 incl. 
 48.77 -- 49.53  1.52  8.22  30.1 
  
 TRC-04-006 
  
 17.53 -- 22.10  4.57 16.87 122.3 45.72 
  
 22.10 -- 23.62  1.52  mine workings 
  
 23.62 -- 25.15  1.53  6.33  48.0 
  
 TRC-04-020 
  
 73.15 -- 76.20  3.05 13.60  18.4 86.87 
 incl. 
 73.15 -- 74.01  0.76 46.90  42.0 
  
 E zone 
  
 Depth           Int-   Au   Ag    Total 
  m              erval  g/t  g/t   depth  
                  m                 m 
  
 TRC-04-007 
  
 15.24 -- 16.76  1.52  3.04 15.9  54.86 
  
 TRC-04-008 
  
 17.53 -- 19.81  2.29  3.41 14.6  37.34 
  
 TRC-04-009 
  
 13.72 -- 15.24  1.52  1.52  7.7  36.58 
 and 
 23.62 -- 27.43  3.81  4.09 15.8 
 incl. 
 23.62 -- 25.91  2.29  5.52 21.4 
 or incl. 
 24.38 -- 25.15  0.77  9.82 26.0 
   
 TRC-04-010 
  
 16.76 -- 19.05  2.29  4.33  9.7  40.39 
 incl. 
 17.53 -- 18.29  0.76 10.05 15.8 
 and 
 29.72 -- 32.00  2.29  2.38 10.0 
  
 TRC-04-011 
  
 30.48 -- 31.24  0.76  1.46  8.3  76.2 
 and 
 55.63 -- 59.44  3.81  3.20 23.3 
 incl. 
 57.91 -- 59.44  1.52  6.12 41.9 
 or incl. 
 57.91 -- 58.67  0.76 10.80 69.6 
  
 B zone 
  
 Depth           Int-   Au   Ag    Total 
  m              erval  g/t  g/t   depth 
                  m                 m 
  
 TRC-04-012 
  
 103.63 -- 105.16 1.52  2.64  2.6  228.6 
 and 
 109.73 -- 112.78 3.05  2.92 10.8 
 and 
 140.21 -- 140.97 0.76  3.76  6.3 
 and 
 161.54 -- 162.31 0.76  1.23  2.8 
 and 
 170.69 -- 171.45 0.76  1.33  2.2 
  
 TRC-04-013 
  
 121.16 -- 131.06 9.91  3.38 17.0 170.69 
 incl. 
 124.97 -- 128.02 3.05  7.40 14.3 
 or incl. 
 124.97 -- 126.49 1.52 10.90 52.9 
  
 TRC-04-019 
  
                     NSV          239.27 
 D zone 
  
 Depth           Int-   Au   Ag    Total 
  m              erval  g/t  g/t   depth  
                  m                 m 
 TRC-04-014 
  
 33.53 -- 35.05  1.52  6.87 10.9  88.39 
 incl. 
 34.29 -- 35.05  0.76 11.80 13.0 
  
 TRC-04-015 
  
 45.72 -- 48.01  2.29  2.27  7.0  85.34 
 incl. 
 45.72 -- 46.48  0.76  5.18  9.6 
 and 
 51.05 -- 51.82  0.76 11.20 56.2 
 and 
 64.01 -- 64.77  0.76  1.17  7.8 
 and 
 70.10 -- 70.87  0.76  2.16 15.8 
  
 TRC-04-016 
                 NSV             80.77 
  
 TRC-04-017 
                 NSV             50.29 
  
  
 NSV = No significant value. 
  
  
  
 

...........


For further information, please visit the “Projects > El Tesoro” section at: http://www.northair.com/international .

The exploration program is under the direction of Mr. Jim Robinson, Vice President of the Company, who is a Qualified Person as defined by NI 43-101. The Company maintains a quality control program in the preparation and shipping of all samples from the property to the laboratory. Analysis has been performed by ALS Chemex Laboratories in Vancouver with sample preparation at their facilities in Hermosillo , Mexico . Gold values are determined by a 50 gram fire assay with an atomic absorption finish, while silver results are obtained through a 50 element aqua regia digestion. Samples are reanalyzed by a one tonne fire assay with a gravimetric finish for initial gold values greater than 5 g/t and silver values greater than 100 g/t.

The Company maintains a program of duplicates, blanks and standards in addition to the laboratories internal quality control program. A program of check analyses by a different analytical laboratory of selected pulps, rejects and second splits from the drill program will also be carried out.



On Behalf of the Board,

INTERNATIONAL NORTHAIR MINES LTD.

"Fred G. Hewett"

Fred G. Hewett, President

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, sales, revenues, costs, or discussions of goals and involve 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; and project development, ore reserve estimates, and cost engineering estimate risks. See the Company’s Form 6-K and 20-F reports for a more detailed discussion of factors that may impact expected results.

For further information:
Telephone: [phone], Toll free: 1-888-338-2200 E-mail: [e-mail]