Enexco Extends Investor Relations Agreements
Vancouver, British Columbia, December, 13th, 2007: International Enexco Ltd. (TSX-V: IEC) is pleased to announce that it has extended the investor relations services of both Mau Capital Management (“Mau”) of Vancouver, BC and Richmond Club Corp. of Toronto, Ontario to continue to provide investor relations service assistance to the Company.
The terms for both contracts are for periods of 12 months each. International Enexco also announces that it has granted options to Mau Capital Management, (50,000) and Richmond Club Corp. (15,000) for a three year term, and to Directors, employees and consultants (400,000) for a five year term, to purchase common shares of the Company at $1.40 per share, subject to regulatory approval.
International Enexco currently has 18,873,077 shares outstanding (25,464,457 fully Diluted) and the Company has approximately CDN $16.7 million in cash which equates to over $0.85 per share. The company has no debt.
Mr. John Lee, the principal of Mau, is an analyst at FreeMarketNews.com, a frequent speaker at resource conferences, and a publisher of articles for several internet news websites such as Kitco.com.
The Richmond Club is a Toronto media firm that showcases high growth companies to its membership through its website and at investor luncheon meetings. These presentations generate exposure to fund managers, stockbrokers and analysts.
ABOUT INTERNATIONAL ENEXCO LIMITED
In addition to its 100% owned Contact Copper-Silver Resource Property, International Enexco also has a strategic alliance with Cameco Corporation (35%), UEM Inc. (35%) and Enexco (30%) to jointly develop the Mann Lake Uranium Project located in the prolific Athabasca Basin in Saskatchewan. Cameco is the operator of the Mann Lake Uranium Project.
For additional information about International Enexco please visit our website at www.enexco.ca
Paul McKenzie, Director International Enexco Limited
Tel: (604) 669-8368 Fax: (604) 642-2629
