Inmet Announces Closing of $348,212,500 Equity Offering



    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
    THE UNITED STATES/

    TORONTO, June 25 /CNW/ - Inmet Mining Corporation (the "Corporation")
(TSX:IMN) announced today that it has completed the previously announced
public offering of 7.825 million common shares ("Shares") of the Corporation,
on a bought deal basis, at a price of Cdn.$44.50 per Share for aggregate gross
proceeds of Cdn.$348,212,500.
    The underwriting syndicate was led by Credit Suisse Securities (Canada),
Inc. and CIBC World Markets Inc.
    The net proceeds of the offering will be used primarily for the repayment
of all indebtedness owed by Cobre Las Cruces S.A. under its project financing
facility for the Las Cruces mine and for general corporate purposes. Inmet
expects that the indebtedness under the Las Cruces credit facility will be
repaid in full on or before July 31, 2009.
    This news release is not an offer for sale of securities in the United
States. The securities have not been registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), and may not be sold in the United
States absent registration or an exemption from registration under the
Securities Act. The Corporation does not intend to register any part of the
offering in the United States or to conduct a public offering of securities in
the United States.

    Forward looking information

    Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains forward-looking information. These are
"forward-looking" because we have used what we know and expect today to make a
statement about the future. Forward-looking statements usually include words
such as may, expect, anticipate, and believe or other similar words. Capital
and operating cost estimates are forward-looking statements, and are based on
assumptions that we believe to be reasonable. However, actual events and
results could be substantially different because of the risks and
uncertainties associated with our respective business or events that happen
after the date of this press release. You should not place undue reliance on
forward-looking statements.

    About Inmet

    Inmet is a Canadian-based global mining company that produces copper,
zinc and gold. We have interests in five mining operations in locations around
the world: Cayeli, Las Cruces, Pyhasalmi, Troilus and Ok Tedi. We also have a
100 percent interest in the Petaquilla development property in Panama.
    This press release is also available at www.inmetmining.com.





For further information:

For further information: Jochen Tilk, President and Chief Operating
Officer, (416) 860-3972

Organization Profile

INMET MINING CORPORATION

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