NEWS RELEASE

July 17, 2002
IVU-V UPDATE

TABACO COPPER GOLD SILVER PROPERTY - CHILE

The Company has decided to continue with this project described in its news release of 13 June, 2002. A payment of $US10,000 has been made to initiate the option agreement.

BY ORDER OF THE BOARD

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The company relies on forward-looking statement litigation protection

Trading Symbol: IVU - Canadian Venture Exchange