To: Chuca Marsh who wrote (207 ) 5/26/2002 10:03:27 PM From: Chuca Marsh Respond to of 208 Hi every one, what a cart last week and NEWS out to boot: Most Recent Closing Prices for Q : IAMR - InterAmerican Resources I Date Ex Open Hi Lo Close Chg Vol #Tr 2002-05-24 Q 0.008 0.015 0.007 0.008 +0.001 3876300 47 2002-05-23 Q 0.004 0.0075 0.004 0.007 +0.005 1934500 39 2002-05-21 Q 0.003 0.003 0.002 0.002 -0.001 420600 4 2002-05-17 Q 0.0037 0.004 0.003 0.003 -0.0005 250000 3 2002-05-15 Q 0.0035 0.0035 0.0035 0.0035 +0.0005 900000 4 2002-05-09 Q 0.003 0.0035 0.0025 0.0025 +0.0005 265000 4 2002-05-06 Q 0.0027 0.0027 0.002 0.002 +0.00 325500 2 2002-05-01 Q 0.003 0.003 0.002 0.002 -0.001 159900 3 2002-04-30 Q 0.0028 0.003 0.0028 0.003 +0.001 350000 4 2002-04-26 Q 0.002 0.002 0.002 0.002 +0.00 61800 1 www.csw.com IAMR announces new vision and strategy Focuses on gold to increase shareholder value TORONTO, May 23, 2002 /PRNewswire via COMTEX/ -- InterAmerican Resources, Inc. (IAMR) is pleased to announce a new vision and strategy. The company will now focus on the discovery and development of world class gold deposits. The Company has initially decided to focus on gold exploration in Australia. The Company's strategy is first to identify and acquire highly prospective but under-explored gold properties that have been neglected in the rush by the major producers to consolidate and rationalize the gold industry in Australia. The Company has begun to identify highly prospective gold exploration properties in the goldfields of Western Australia. The Company is seeking to acquire a gold project that will provide the basis for the development of the company into a gold exploration and mining Company. The Company will focus on building a significant land position in the highly prospective areas of the Eastern Goldfields of Western Australia and subsequently in other parts of Australia. InterAmerican Resources controls the Mazma porphyry copper-molybdenum project located in Okanogan County, Washington. ON BEHALF OF THE BOARD Allan Smith President This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the proceeding discussion, the words "plan", "confident that", "believe", "expect", or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components for, and delays in the start of production; general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks described in the company's SEC reports and filing. SOURCE InterAmerican Resources, Inc. CONTACT: Allan Smith, President, (416) 410-3995prnewswire.com Copyright (C) 2002 PR Newswire. All rights reserved. -0- KEYWORD: Ontario INDUSTRY KEYWORD: MNG News is provided by Financial Insight Systems, Inc. www,pinksheets.com Chucka HUMMNE