International Northair Mines Ltd. (TSXV:INM) intends, subject to regulatory approval, to extend the term by one year of the outstanding share purchase warrants originally issued to subscribers pursuant to a Short Form Offering completed September 30, 2003.

At present there are 2,987,862 share purchase warrants outstanding. Two share purchase warrants entitle the holder to purchase one common share of International Northair Mines Ltd. at a price of $0.80 per share. Upon receipt of regulatory approval, the expiry date of these warrants will be amended from September 30, 2004 to September 30, 2005.

The September 2003 financing was used to expand Northair’s generative exploration program and to explore the Company’s El Tesoro project in Durango State, Mexico. Recently released stream sediment and soil sampling results, in conjunction with Northair’s 2003/2004 trenching and drilling programs, show that the El Tesoro Project contains a significant number of gold and silver mineralized zones, with excellent exploration potential.

In conjunction with exploration on its current Mexican property portfolio, Northair continues with its aggressive generative exploration program.