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Press release from Marketwire

Inmet Mining Announces Closing of US $500 Million Senior Notes Offering

Tuesday, December 18, 2012

Inmet Mining Announces Closing of US $500 Million Senior Notes Offering10:46 EST Tuesday, December 18, 2012TORONTO, CANADA--(Marketwire - Dec. 18, 2012) - Inmet Mining Corporation (TSX:IMN) (Inmet) today announced the closing of its previously announced offering of US $500 million aggregate principal amount of 7.5 percent senior unsecured notes maturing June 2021 (the "Notes"). Inmet intends to use the net proceeds to fund the development and the potential expansion of Cobre Panama and for general corporate purposes. The offer and sale of the Notes is not registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The sale of the Notes in Canada is conducted on a private placement basis pursuant to certain exemptions from applicable Canadian securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer or sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward looking informationSecurities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.About InmetInmet is a Canadian-based global mining company that produces copper and zinc. We have three wholly-owned mining operations: Çayeli (Turkey), Las Cruces (Spain) and Pyhäsalmi (Finland). We also have an 80 percent interest in Cobre Panama, currently in construction.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Inmet Mining CorporationFlora WoodDirector, Investor Relations+1 416 361 4808www.inmetmining.com