Inmet Mining Partners With the Princess Margaret Cancer Foundation

Global mining company gives $1 million campaign gift in support of the Princess Margaret Cancer Centre's molecular profiling program

TORONTO, ONTARIO -- (Marketwire) -- 10/31/12 -- Inmet Mining Corporation (TSX: IMN) and The Princess Margaret Cancer Foundation are thrilled to announce the Canadian-based global mining company's generous contribution of one million dollars over four years in support of the molecular profiling program at the Princess Margaret Cancer Centre, led by Dr. Lillian Siu and her colleagues. Molecular profiling of cancer genes identifies characteristics of a tumour that are specific to each patient. Understanding the unique characteristics of each patient's cancer will lead to individualized treatment that ultimately will result in higher response rates.

Jochen Tilk, President & CEO of Inmet Mining Corporation, has been a longstanding supporter of The Princess Margaret and its vision to Conquer Cancer In Our Lifetime. Tilk and his team at Inmet Mining have participated in the Enbridge Ride to Conquer Cancer since it began five years ago and he has recently accepted the position of 2013 Honourary Chair. In his role, he will assist in continuing to build on the success of the event and invite other like-minded companies to join in the fight to conquer cancer by riding 200+km on June 8-9, 2013 and raising crucial funds to help revolutionize Personalized Cancer Medicine at the Princess Margaret Cancer Centre.

"I am thrilled to play an even more integral role at The Princess Margaret and contribute to one of the leading cancer research centres in the world," said Jochen Tilk. "I am a strong supporter and advocate of The Princess Margaret and I believe in supporting the vision to conquer cancer in our lifetime."

"The Princess Margaret Cancer Centre and Foundation is in the midst of a $1 billion fundraising challenge over the next five years to set a new gold standard for Personalized Cancer Medicine," said Paul Alofs, President & CEO of The Princess Margaret Cancer Foundation. "We are so thankful to committed and passionate organizations like Inmet Mining who will contribute to making this dream a reality."


About The Princess Margaret Cancer Foundation

The Princess Margaret Cancer Foundation at University Health Network raises funds for breakthrough research, exemplary teaching and compassionate care at the Princess Margaret Cancer Centre and its research arm, the Ontario Cancer Institute, which now includes The Campbell Family Cancer Research Institute and The Campbell Family Breast Cancer Research Institute. More information about The Foundation can be found at www.thepmcf.ca.


About The Princess Margaret Cancer Centre

The Princess Margaret Cancer Centre is home to 12 site groups and 26 specialty clinics, and almost 3,000 staff who see over 400,000 patient visits every year. Its 800,000 square feet house 130 inpatient beds, 373,000 square feet of research space and 17 radiation treatment machines make it one of the largest comprehensive cancer treatment facilities in the world and the largest radiation treatment centre in Canada. Through ongoing research, education and innovation, The Princess Margaret continues to be on the frontiers of medical, surgical and radiation oncology, embracing the latest technology and international best-practices and setting standards for patient care. Learn more at www.theprincessmargaret.ca.


About Inmet Mining

Inmet is a Canadian-based global mining company that produces copper and zinc. They have three mining operations: Cayeli (Turkey), Las Cruces (Spain) and Pyhasalmi (Finland), and have an 80 percent interest in the Cobre Panama development project, currently in construction. To learn more about Inmet Mining visit www.inmetmining.com. This release is also available at www.inmetmining.com.



Contacts:

The Princess Margaret Cancer Foundation
Kevin Shea
Associate Director, Public Relations
416.946.2898
www.thepmcf.ca

Inmet Mining Corporation
Flora Wood
Director, Investor Relations
416.361.4808
www.inmetmining.com