International Mining and Exploration Corp. Retains Lazar Levine & Felix LLP as Auditors, Prepares to Become Fully Reporting Issuer

Business Wire, June 26, 1998

NEW YORK--(BUSINESS WIRE)--June 26, 1998--International Mining and Exploration Corp. (OTC BB:IMEF) is pleased to announce that the Company has retained Lazar Levine & Felix LLP as auditors.

Lazar Levine will be responsible for auditing the Company's financial statements. The Company plans to become a fully reporting company by Fall, 1998.

Lazar Levine & Felix, in addition to being the 24th largest auditor of public companies in the United States, also brings to the company their extensive business expertise in other related fields. The firm specializes in SEC filings, mergers and acquisitions, IPOs, valuation services, management consulting and similar related services.

Lazar Levine and Felix LLP is a member of numerous professional organizations and has served the business and legal communities in the Metropolitan New York area for over 30 years. Their offices are at 350 Fifth Avenue, Suite 6820, New York, NY.

    CONTACT: International Mining and Exploration Corp.
   New York, NY    or    Toronto, ON
               212/754-5434          416/368-4533
               212/754-5926          416/368-9783
                    or
               Investor Relations:
               Cyber Financial Services
               Alan Taylor, 416/368-2623
               www.miningcorp.com