International Precious Metals Corporation Wins Court Decision.

PHOENIX--(BUSINESS WIRE)--Sept. 11, 1997--International Precious Metals Corporation (IPM) announced Thursday that its independent verification program has been expanded to include platinum group metals (PGM's) in addition to gold.

Bateman Engineering Inc. has been engaged by the company to assist in the independent verification program, particularly in the auditing of the PGM'S. Recognized as a world leader in providing engineering, process technology and PGM expertise to the mining industry, Bateman joined the independent team in early August.

Expansion of the independent verification program has resulted in an extension of the time required to complete the technical work. However, expansion of the verification procedures will produce a more complete evaluation of the company's Black Rock project and the precious metals recovery process.

Bateman has been working in concert with Behre Dolbear & Co., Inc. on independent verification, which is being conducted to the highest level of standards and incorporates dual reports by Behre Dolbear & Co. and Bateman Engineering. An Experience Overview of Bateman Engineering is included in this press release.

Clearly stated, IPM's objective is to produce incontestable independent verification of the presence and recovery of precious metals from its Black Rock property, consistent with work completed in the past. The expanded precious metals verification program, together with the exacting standards imposed, will give IPM and its shareholders a full and accurate reporting of precious metals contained and extracted.

IPM understands that shareholders are eagerly awaiting the results of the independent program, and management is also eager to provide that information to shareholders. Although the company anticipated completion of the program by early this month, IPM now expects that the report of complete results from the expanded program will be announced to shareholders towards the end of September.

Additionally, the Company announced that an Arizona Superior Court Judge has handed down his decision in the matter concerning IPM vs. the Arizona Department of Mines and Minerals Resources (ADMMR). On September 2nd the judge ruled in favour of IPM's request for a permanent injunction against the ADMMR, which should go into effect sometime later this month.

This will permanently enjoin the ADMMR from commenting on or giving financial advice relative to any mining venture or company in Arizona. IPM reluctantly commenced legal proceedings against the ADMMR in order to protect itself and shareholders from the continuing disparaging statements made by the department and its employees. In its formal statement to the press IPM said:

It has always been IPM's view that the Department and its employees did not have the authority, the expertise or competence to investigate, comment on or provide advice or information to anyone regarding IPM's exploration activities. IPM regrets the confusion suffered by shareholders as a result of the misinformation disseminated by the department under the guise that it did have such attributes.

Further it is IPM's expectation that once the precious metals recovery results from the independent verification program have been announced, the position taken by the Arizona Department and its employees about the existence and recovery of precious metals will be proved incorrect.

BATEMAN ENGINEERING: EXPERIENCE OVERVIEW

Bateman has significant experience in the design and construction of gold and precious metals process plants covering the globe. Over sixty gold plants and/or major modifications have been designed and constructed by the Bateman group of companies.

Divisions of Bateman have recently been involved in the design and construction of several major platinum process plants in Southern Africa, including JCI's Saref Refinery and the Crocodile River Mine. Much of this work is due to the company's process expertise in concentrator, smelter and refinery design. The Bateman Group was the first to commercialize much of the technology now accepted as industry standard in carbon gold processing.

In response to recent events Alan Doyle, IPM's Chairman commented "We are beginning to see closure on a number of the outstanding issues important to the company and its shareholders. Management looks forward to further resolving these technical and corporate matters as IPM continues moving forward with a focus on the development of Black Rock." -0- On Behalf of the Board of Directors

-------------------- (signed)

Alan Doyle, Chairman

ISSUED AND OUTSTANDING CAPITAL 20,758,280

CONTACT: International Precious Metals Corporation

Eli Constantine, 602/414-1830, Fax: [phone]

Operations Office

4633 South 36th Place - Phoenix, AZ 85040

www.ipmcf.com - [e-mail]

or

Registered Office

390 Bay Street, Suite 502 - Toronto, ON M5H 2Y2

Phone: [phone], Fax: [phone]