For immediate release 24 January 2013 INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

("IMIC" or "the Company")

Appointment of Ousmane Kane as CEO International Mining & Infrastructure Corporation plc (AIM: IMIC), the company focused on unlocking the value of African iron ore through infrastructure development and strategic investments in junior miners, announces the appointment with immediate effect of Ousmane Kane as the Company's Chief Executive Officer. Ousmane, a Mauritanian national, has extensive experience in the mining, financial and governmental sectors.

An engineering graduate from the Ecole Polytechnique in France, Ousmane initially worked for five years as technical director of a Mauritanian gold and copper project before joining the African Development Bank where he worked for almost 15 years, latterly as its vice-president.
From 2006, Ousmane has served in various public and commercial roles implementing major reforms, restructurings and investment programmes. He has served as director general of Mauritania's state- owned iron ore company, Société Nationale Industrielle et Minière ("SNIM"), as the country's minister of finance, as governor of the Central Bank of Mauritania and as a senior adviser to Mauritania's Head of State. At SNIM he implemented a $1 billion modernisation programme to increase the company's international competitiveness.
Ousmane is a director of Infrastructure Minière de Guinée Holdings (BVI) Ltd ("IMG"), the public-private partnership established to develop an integrated mining infrastructure solution for the Republic of Guinea. Until recently, Ousmane was a non-executive director of Afferro Mining Inc, an AIM and TSX- traded company focused on West Africa. Ousmane was also, until recently, deputy chairman of African Iron Ore Group ("AIOG"), a company developing infrastructure solutions for the West African iron ore industry. IMIC and AIOG have a strategic relationship and work together on infrastructure and iron ore projects.

Haresh Kanabar, Chairman of International Mining & Infrastructure Corporation, said: "We are delighted to welcome Ousmane to IMIC's Board of Directors as CEO. His extensive experience of the mining and financial industries, along with his broader experience of African development, will be of great value in the implementation of IMIC's strategy to unlock the potential of West African iron ore." Additional information:

Ousmane Kane, age 57 years, holds no shares in IMIC. There are no further disclosures to be made in relation to Mr Kane under Schedule 2(g) and (i) of the AIM rules.

For further information, please contact:

International Mining and Infrastructure Corporation plc www.imicplc.com
Haresh Kanabar, Chairman James Ward, Finance Director David Navas, Investor Relations
+44 (0) 20 7290 3340
WH Ireland Limited - Nominated Adviser www.wh-ireland.co.uk
Mike Coe
Marc Davies
+44 (0) 117 945 3470
Buchanan www.buchanan.uk.com
Mark Court / Fiona Henson / Sophie Cowles +44 (0) 20 7466 5000

About IMIC

International Mining Infrastructure Corporation plc (IMIC), in conjunction with its privately held strategic partner African Iron Ore Group (AIOG), is working to unlock value in the metals and mining industry in West and Central Africa by providing infrastructure solutions, for railways, deep-water ports, power and/or iron ore beneficiation, that will allow the region's emerging iron ore projects to develop into globally significant export operations.
IMIC and AIOG are well positioned to partner African host countries in the delivery of infrastructure arrangements, and to assist with initiatives that best address the long-term aspirations of their governments and people.
China, as consumer of 70% of the world's seaborne iron ore, is key to this opportunity. A best in breed alliance of Chinese construction and equipment groups and iron ore off-takers has been carefully assembled to provide funding and delivery of projects and onward sale of iron ore.
IMIC's first infrastructure project is the Simandou South iron ore project in the Republic of Guinea, where there is an agreement with the Guinean government to deliver a multi-purpose, multi-user infrastructure solution which ultimately could become the backbone of the country's transport network.
IMIC also takes strategic stakes in junior miners with the intention of benefiting from the uplift in value once an infrastructure solution is initiated. IMIC's first strategic investment was the purchase of a
3.9% stake in Afferro Mining Inc, whose most advanced asset, Nkout, and its other projects are located in Cameroon.
IMIC shares are traded on the London Stock Exchange's AIM market under the ticker symbol IMIC.

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