International Bethlehem Closes Private Placement
West Vancouver, British Columbia â€" April 28, 2011 â€" International Bethlehem Mining Corp. (the â€śCompanyâ€ť or â€śInternational Bethlehemâ€ť) is pleased to announce that, further to its news release dated March 9, 2011, International Bethlehem has closed its non-brokered private placement (the â€śPrivate Placementâ€ť). The Company has raised $214,000 by the issuance of 2,140,000 non-flow through units (the â€śUnitsâ€ť) at a price of $0.10 per Unit. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 for a period of one year from the closing date. All of the securities issued pursuant to this Private Placement are subject to a hold period expiring on August 28, 2011.
The Company intends to use the proceeds from the Private Placement for general working capital purposes and for furthering the exploration of the Companyâ€™s â€śMyoff Creekâ€ť Rare Earth Elements Property located 55 km northwest of Revelstoke, B.C.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Companyâ€™s website at www.bethlehemmining.com .
International Bethlehem Mining Corp.
â€śDouglas L. Masonâ€ť
Douglas L. Mason, Director (Chairman)
Neither the 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.