International Northair Mines Ltd. (TSXV:INM) announces that it has amended the price of the non-brokered private placement, as released on October 16, 2006, to $0.25 per unit. The Company will now issue up to 6.0 million units for gross proceeds of $1.5 million. All other terms of the private placement remain the same.

ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.

Fred G. Hewett, P.Eng.
President & CEO

FOR MORE INFORMATION CONTACT THE COMPANY AT 1-604-687-7545 or Toll Free at 1-888-338-2200
Website:  www.internationalnorthair.com Email: [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results.

See the Company�s Sedar filings for a more detailed discussion of factors that may impact expected results.