IBI Corporation ("IBI" - TSX Venture) (the "Company"), a junior international mining and investment company, announces it has secured a further 40-square- kilometre addition to its steadily increasing gold- prospective concession land position in Uganda. Located in western Uganda, the new concession land section complements and is in proximity to IBI's existing 371-square-kilometre concession in the Ibanda area of Uganda. The new concession brings the Company's total land position in Uganda to a significant 1031 square kilometres. These lands are permitted through IBI's wholly-owned Uganda subsidiary, Canmin Gold Limited. The new 40-square-kilometre concession is in an area known to be favourable for gold, a fact that is evidenced by the ongoing activities of artisinal gold miners in the area. The concession is very close to the Buckley's Reef area, which has been actively mined for gold by small-scale miners. Dr. Ulrich Kretschmar, Ph.D, P.Geo, of Exploration Geoscience Associates Inc., IBI's Qualified Person, visited the Company's Ibanda EPL area and referred to it in his recent 43-101 report, Technical Report on Ibanda and Busia Area Gold properties, Uganda. The report, which was prepared for the Company, is available on the IBI website under the tab Canmin Gold, along with an overview of IBI's gold exploration positioning. Dr. Kretschmar's report noted that "gold showings are known" in the area, and his visit to the Ibanda area included "underground examination of Buckley's Reef mineralization in an adit". In discussing the 40-square-kilometre addition to IBI's Uganda land position, Hans Hansen, managing director, Canmin Gold Limited, commented, "This is a particularly interesting concession as a gold exploration opportunity. In addition to existing technical reports being favourable for gold for the general area, there is a lot of first-hand evidence regarding gold, such as prospectors panning for gold in the area's rivers, visible gold-bearing seams in rock outcroppings at roadside and even examples of gold dust being visible on the road when it rains. This is an exciting addition to Canmin's land position." Gary A. Fitchett, president and CEO of IBI Corporation, noted, "Although 40 square kilometres is not a large concession in itself, it brings our cumulative gold- prospective concession lands position in Uganda to a significant size. The Company will continue to actively pursue its objective of accumulating and developing a major gold-prospective land position in Uganda for subsequent exploration activity consideration."