STOCK EXCHANGE ANNOUNCEMENT 14 January 2011 INDUSTRIAL MINERALS CORPORATION ANNOUNCES IMPORTANT APPOINTMENT FOR UNITED STATES SUBSIDIARY Industrial Minerals Corporation (ASX: IDM) ("IDM" or the Company") is pleased to announce that Cecelia Brinke has been appointed as Director Human Resources at its 100% owned US subsidiary, Oregon Resources Corporation (ORC). Ms.

Brinke has a B.S.

Business Management from the University of Phoenix, Tempe, Arizona. She is a versatile Human Resources professional with global expertise in organisational development, effectiveness strategies and talent management initiatives.

She began her career in the HR area in 1995 and until most recently was employed in a senior HR role with leading international copper and gold producer, Freeport-McMoRan. Prior to that appointment, Ms Brinke was employed as Vice President of Human Resources with Countrywide Financial Corporation in Arizona from 2005 to 2008. ORC is developing a heavy mineral sand project near Coos Bay in Southern Oregon with plant commissioning scheduled for late in the current quarter. The plant will produce a suite of heavy minerals such as zircon, ilmenite, garnet with the principal product being a unique premium grade chromite destined for the international foundry markets. Scott Mison Company Secretary Industrial Minerals Corporation Ends To download the full announcement, please go to: http://stocknessmonster.com/news-item?E=ASX&S=IDM&N=524488 For further information please contact: Mr Philip Garratt Executive Director & Chief Executive Officer - IMC Mob: 0403 763 528 Karen Oswald Professional Public Relations Tel: 08 9388 0944 Mob: 0423 602 353 About Industrial Minerals Corporation Industrial Minerals Corporation owns 100% of Oregon Resources Corporation (ORC) which is developing the Southern Oregon Mineral Sands project covering approximately 2,600 acres of terraced mineral sands properties near Coos Bay in southwestern Oregon. Exploration data created from work carried out by ORC and compiled with the U.S.

Bureau of Mines and USGS data demonstrates the existence of heavy mineral deposits incorporating a multiple suite of minerals including chromite, garnet, zircon, ilmenite, magnetite, kyanite and stauorlite. All aspects of processing the extracted material will be undertaken on company owned property located in Coos Bay, Oregon..

The main plant to be constructed is designed to be highly efficient and scaleable with the ability to process from 500,000 to 1,200,000 tpa of material. ORC has been established in the area since 1989 when the first stage of exploration was undertaken.

Since that time management has been persistent and diligent in partnering with the local community to build economic growth and social infrastructure.

The project offers benefits to the community and the company respectively through job creation and a stable work force.
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