Idaho Consolidated Metals Corporation Announces the Acquisition of a Third Platinum and Palladium Prospect in Stillwater County, Montana.

LEWISTON, Idaho--(BUSINESS WIRE)--May 18, 1999--

Idaho Consolidated Metals Corporation ("ICMC") (VSE:IDO.V) is pleased to announce the acquisition of approximately 1,200 acres by staking 75 claims near Stillwater, Montana.

The claims are located 1.5 miles east of the main stem of the Stillwater River in the Stillwater Complex, Montana. The claims are located along a key geologic feature mapped as the Upper Banded series over a 4 mile strike length.

The new property consists of 3 blocks of claims adjacent to the claims patented by Stillwater Mining Company in the area of Black Butte Mountain. The property adjoins Stillwater's patented ground and is within 1.5 miles of the Stillwater Mine. The claims cover up to 1,800 feet of the lower stratigraphic section of the Platinum and Palladium (PGE) bearing Lower Banded Series. This horizon is the host to the 26 mile long J. M. Reef, which contains the most developed PGE deposit. Based on review of previous geologic investigations, the area has some structural complexities consisting of transverse faults perpendicular to the strike of the J.M. Reef with lateral offsets that have shifted the mineralized horizon.

Stillwater Mining Company ("Stillwater") (Annual Report 1997) is currently expanding to an estimated annual production of 1,300,000 ounces of combined platinum/palladium by 2001.

With acquisition of this third block of claims ICMC is well positioned to conduct exploration in the Stillwater Complex mining camp that hosts the only primary producer of Platinum and Palladium in North America. This property will compliment ICMC's previously announced two major properties in the Stillwater Complex, which are located approximately 13 miles to the Northwest along the strike of the PGE mineralization..

To clarify previous news releases, the first property (NR9909) consists of claims staked by ICMC and a property leased from Platinum Fox. These claims cover the upper member of the Ultramafic series composed of cumulates of Olivine and Bronzite, as well as the contact between the Ultramafic series and the Banded series. The property is parallel to the strike of the J. M. Reef and contiguous for 7 miles along the Reef. The property adjoins a portion of Stillwater's patented ground which is currently under development as the East Boulder project and is within 1,500 feet of the Frog Pond adit, that was used to delineate the East Boulder reserves. This expansion by Stillwater is a $270 million (U.S.) capital project consisting of an 18,500 foot adit collared on the East Fork of the Boulder River and ancillary facilities for the crushing and concentration of ore that will develop the western portion of the J. M. Reef.

The second property (NR9910) consists of claims staked by ICMC along the Picket Pin zone identified by the U.S. Bureau of Mines and is parallel to the western portion of the J.M. Reef. Mineralization is reported (from work conducted by Anaconda Mining Co.) along the entire exposed strike length of the deposit and samples from the Picket Pin Creek area assayed 0.58 weight percent Cu, 0.21 weight percent Ni, 2.3 ppm Pt, 2.3 ppm Pd and 0.2 ppm Au (A.E. Boudreau). These values are stated as typical for Picket Pin mineralization. The majority of mineralization occurs within 10 to 20 m, at or below the contact on an abrupt change in texture and mode in the anorthosite rock.

The three properties are not contiguous, but were carefully selected based on geologic criteria to maximize the potential for PGE mineralization. The Company continues to aggressively acquire claims and fractions in the area.

These documents may contain forward looking statements considered genuine by the author and are based upon the auditor's experience and knowledge. However, the outcome will ultimately be determined by forces of which the author may have little or no ability to affect. Any forward looking statements should not be considered guarantees. In addition, these documents should not be considered a solicitation to sell or an offer to buy the issuer's securities. The outcome and estimates of stock value, calculations and holdings will ultimately be determined by open market trading and accumulation, of which the author has no, or limited, involvement or authority to determine. The risk of any investment is ultimately borne by the investor and the author encourages the reader to partake in his or her own due diligence prior to determining a course of action.

On behalf of the Board of Directors Idaho Consolidated Metals Corporation

Del Steiner, President and CEO 

The Vancouver Stock Exchange has Not Reviewed and Does Not Accept Responsibility for the Adequacy or Accuracy of This Release.

Note to Editors -- a property location map is available from the company.