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Gold/Mining/Energy : Inmet Mining.$$$$$$$$$$$ -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (37)	4/2/2003 12:39:44 PM
From: Stephen O	Respond to of 42

Inmet Announces Sale of Jaguar Deposit 2003-04-02 09:41 (New York) TORONTO, April 2 /PRNewswire-FirstCall/ - Inmet Mining Corporation (IMN- TSX) announced today that it has sold its interest in the Jaguar deposit to Pilbara Mines Limited (ASX-PIL), its partner in the Teutonic Bore Project in Western Australia. Consideration received by Inmet included $2.2 million Australian dollars and the full vesting of Inmet in the Teutonic Bore Joint Venture, excluding the Jaguar Deposit, with a 65 percent interest. The entire amount of the proceeds will be included in Inmet's consolidated 2003 first quarter earnings. Inmet will continue to pursue other base metal targets on the Teutonic Bore property. About Inmet - Inmet is a Canadian based international mining company. Inmet's mining operations and investments produce copper, zinc and gold, and Inmet's growth strategy is focused on finding quality base metal reserves. Inmet's operating base consists of four competitive mining operations: Cayeli, Troilus, Pyhasalmi and Ok Tedi. This press release is also available at www.inmetmining.com. SOURCE Inmet Mining Corporation -0- 04/02/2003 /CONTACT: Steve Astritis, Vice-President, General Counsel, Tel.: (416) 860-3977;