Intermap Technologies Announces Financing



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

    DENVER, June 28 /CNW/ - Intermap Technologies Corporation (TSX: IMP.TO,
AIM: IMAP.L), is pleased to announce that in connection with the proposed
public offering of common shares previously announced on June 27, 2007, it has
entered into an agreement with a syndicate of underwriters led by Canaccord
Capital Corporation, including Orion Securities and Raymond James Ltd
(collectively, the "Underwriters") for the purchase by the Underwriters of
5,000,000 common shares at a price of C$6.00 per common share for aggregate
gross proceeds of C$30,000,000 (the "Offering").
    The Company has granted the Underwriters an option (the "Underwriters'
Option") to purchase up to an additional 1,666,700 Common Shares at a price of
$6.00 per Common Share at any time up until 48 hours prior to the closing of
the Offering. In the event that the Underwriters' Option is exercised in full,
the total aggregate gross proceeds of the Offering will be approximately
C$40,000,000. In addition, the Company has granted the Underwriters an
over-allotment option (the "Over-Allotment Option"), exercisable for a period
of 30 days following the closing of the Offering, to purchase up to that
number of common shares equal to 15% of the number of common shares issued
pursuant to the Offering. If the Over-Allotment Option and the Underwriters'
Option are exercised in full, the gross proceeds of the Offering will increase
to approximately C$46,000,000.
    The Company intends to use the net proceeds of the Offering to fund the
accelerated development of the NEXTMap USA and NEXTMap Western Europe data
sets, development of value-added products, and for general corporate purposes.
    A preliminary short-form prospectus for the Offering was previously filed
with the securities commissions in each of the provinces of Canada (except
Quebec). A (final) short-form prospectus is expected to be filed with each of
the Canadian securities commissions (except Quebec) as soon as possible.
    The Offering is expected to close on or about July 12, 2007.

    About Intermap Technologies

    Intermap enables customers to facilitate better decision-making and
create applications for numerous commercial, governmental, military, and
consumer products through the purchase of high quality and affordable
elevation datasets. The Company is proactively remapping entire countries and
building unprecedented national databases, called NEXTMap(R), consisting of
highly accurate digital topographic maps that include elevation data.
    Demand for NEXTMap(R) data is growing as new commercial applications are
emerging, including geographical information systems (GIS), engineering
planning, transportation, automotive, navigation, flood, irrigation,
environmental management and planning, telecommunications/wireless network
planning, aviation, simulation, and 3D visualization. Internet applications
include virtual tours, topographic maps and computer games. Datasets are also
used to add interactive intelligence to airborne and satellite imagery.
    Headquartered in Denver, Colorado, Intermap employs more than 450 people
worldwide, with additional offices in Calgary, Detroit, Jakarta, London,
Munich, Ottawa, and Prague. For more information, visit www.Intermap.com.

    Intermap Reader Advisory

    This news release contains certain forward-looking statements, which
include certain assumptions with respect to the future business and operations
of the Company. The reader is cautioned that assumptions used in the
preparation of such information may prove to be incorrect. All such forward
looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. The
Company's actual results, performance or achievements could differ materially
from those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurances can be given that any of the events anticipated by
the forward-looking statements will transpire or occur, or if any of them do
so, what benefits that the Company will derive therefrom. All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities laws.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.




For further information:

For further information: Intermap Technologies: Richard Mohr, Senior
Vice President & Chief Financial Officer, rmohr@Intermap.com, (303) 708-0955;
Canada - Financial: Corbet Pala, Investor Relations, E-vestor Communications
Inc., cpala@evestor.com, (416) 657-2400; United States - Financial: Budd
Zuckerman, Investor Relations, Genesis Select Corporation,
bzuckerman@genesisselect.com, (303) 415-0200; United Kingdom - AIM, Nominated
Advisor: Canaccord Adams Limited - Neil Johnson, Clayton Bush, Intermap
Technologies - Kevin Thomas, Vice President, Marketing, kthomas@intermap.com,
(303) 708-0955


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