International Bethlehem Enters into Loan Agreement


October 5, 2009

West Vancouver, British Columbia â€" October 5, 2009 â€" International Bethlehem Mining Corp. (“International Bethlehem” or the “Company”) is pleased to announce that it has entered into a Loan Agreement, pursuant to which it will receive $100,000 for working capital and exploration purposes. The loan has been provided by certain directors and officers of the Company and is for a term of 1 year with interest at a rate of 1% per month (12% per annum). Subject to regulatory approval, the Company has agreed to issue an aggregate of 400,000 shares to the lenders as a loan bonus in accordance with TSX Venture Exchange policy.

For further information, contact Mr. Clive Shallow, investor relations at 604-922-2030 or visit the Company’s new website at www.bethlehemmining.com.

 

International Bethlehem Mining Corp.

“Ronald A. Coombes”
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Ronald A. Coombes, President & CEO

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.