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IMPACT is also pleased to announce that it has, subject to regulatory approval, engaged SRW Capital ("SRW") as its investor relations firm for North America. SRW's investor relations and communications services will be targeted at institutional and individual shareholders and investors in the North American market. With strong investor relations and financial market experience, SRW is well positioned to keep investors and the market informed of significant developments in IMPACT on a knowledgeable and timely basis. Shareholders and investors can contact Greg Werbowski, President of SRW Capital, at Telephone 604-516-9204, Fax 604-681-6813 or Email srwcap@telus.net.
SRW has been engaged initially for a three month period. IMPACT will pay SRW $1,500 per month, plus GST tax during the term of the agreement plus pre-approved out-of-pocket expenses, which amounts will be paid from general working capital. IMPACT has, subject to regulatory approval, granted SRW stock options entitling SRW to purchase 50,000 common shares of IMPACT at a price of $0.30 per share for a term of two years, of which 12,500 options have vested on the date of the agreement engaging SRW and 6,250 options will vest every 3 months from the date of the agreement. Except for the stock options, SRW has advised IMPACT that it does not currently hold any other interests in or securities of IMPACT but may acquire securities of IMPACT in the future.
IMPACT also confirms that the TSX Venture Exchange had previously accepted for filing documentation pertaining to two binding Promise to Contract agreements for properties and assets in the Zacualpan Silver District. Details of the agreements are described in IMPACT's news release of June 17, 2004.
IMPACT Minerals International Inc. is a silver focussed exploration and development company with projects in Mexico and the Dominican Republic. Energold Mining Ltd. (EGD:TSX.V) holds a 39% position in the Company.
On behalf of the Directors of IMPACT Minerals International Inc.
"Frederick W. Davidson"
President
For further information please contact:
Greg Werbowski, Investor Relations
Telephone: 604-516-9204
The TSX Venture Exchange has neither approved nor disapproved this news release.
