Infrastructure Materials Corp. Announces Non-Brokered Private Placement

RENO, Nev., Aug. 9, 2013 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp. ("Infrastructure" or the "Corporation") (TSX-V:IFM) (OTCBB:IFAM) is pleased to announce an arrangement of a non-brokered private placement of up to 33,333,333 common shares at a price of CDN $0.015 per common share for total gross proceeds of approximately CDN $500,000 (the "Private Placement" or the "Offering"). The price per common share has been set at the last trading price on the TSX Venture Exchange (the "Exchange") before the issuance of this release. The Private Placement is being completed pursuant to the temporary relief measures with respect to certain pricing requirements as set out in the Exchange's Corporate Finance Bulletin dated April 12, 2013 (the "Bulletin"). Assuming that the Private Placement is fully subscribed, upon completion of the Offering, Infrastructure will have an aggregate of 132,268,819 common shares issued and outstanding.

In accordance with the Bulletin, the principal use of the proceeds of the Private Placement will be to preserve and maintain the business of the Corporation. In particular, the proceeds will be used to pay land rental costs, satisfy contractual drilling obligations with arm's length third parties and minimally advance the Corporation's Clay Peters Project. No more than CDN $50,000 of the proceeds of the Offering will be paid to non-arm's length parties to Infrastructure. The Private Placement has been unanimously approved by the Directors of Infrastructure, including those who have no direct interest in the Offering.

The Private Placement is subject to TSX Venture Exchange acceptance. It is currently anticipated that the Private Placement will have a closing on August 20, 2013.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Infrastructure Materials Corp. is a Reno, Nevada based exploration stage company that is directing its efforts to the exploration and development, if warranted, of precious metal properties located in Nevada and cement grade limestone deposits in strategic locations in the United States.

For further information please see our public filings at and or contact:

Mason Douglas, President and CEO
Phone: 866-448-1073
or visit our website at or or

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. This release also contains statements based upon historical records pertaining to our mineral claims that have not been verified by the Company. The term, "resource" is not a term that is recognized by SEC guidelines and does not rise to the level of certainty required by SEC guidelines. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information unless specifically required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

Source:Infrastructure Materials Corp.