NEWS RELEASE

June 19 , 2003
IVU-V UPDATE

HOLES 8,8A: MORE COPPER OXIDE

Hole 8 was RC drilled vertically with the following section:

0 - 12m     oxide zone       12m 0.74 percent copper
12 -26m    leached fault     14m anomalous copper

Hole 8A was a diamond drill hole oriented at -70 degrees and intersected 0.57 percent copper over 6 metres before drilling into old underground workings. The hole then penetrated silicified quartz-feldspar porphyry anomalous in copper.

BY ORDER OF THE BOARD

"Gary Medford, PhD., P.Geo."
Director

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Trading Symbol: IVU - Canadian Venture Exchange