International Bethlehem Acquires More Property Near Its Myoff Creek Rare Earth Elements Property


September 6, 2011

West Vancouver, British Columbia â€" September 6, 2011 â€" International Bethlehem Mining Corp. (the “Company” or “International Bethlehem”) is pleased to announce that it has, subject to regulatory approval, entered into an option agreement to acquire 8 mineral claims, which claims are contiguous to the Company’s “Myoff Creek” rare earth elements properties located near Revelstoke, British Columbia.

The additional claims are being acquired from Warner Gruenwald, P.Geo., of Vernon, BC (“Gruenwald”). Under the option agreement (the “Agreement”) with Gruenwald, the Company has agreed to (i) pay $5,000 and issue 100,000 shares on TSX Venture Exchange acceptance of the Agreement and (ii) to pay an additional $30,000 and issue an additional $50,000 worth of shares of the Company (up to a maximum of 375,000 shares) over the next three years. The claims being acquired will be subject to a 2% net smelter return royalty (the “Royalty”) in favour of Gruenwald and the Company has the right to purchase the Royalty, in whole or in part, for $1,000,000 ($500,000 for each 1% NSR).

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 Company’s website at www.bethlehemmining.com.

 

International Bethlehem Mining Corp.

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

 

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.