Blue Nose Plan of Operations Drilling Completed

RENO, NV, Sept. 14 /CNW/ - Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the completion of drilling and initial assay results on the Blue Nose Project under the Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 14 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.

The completed Plan of Operations drill program consisted of 28 holes for a total of 17,000 feet. Earlier drilling phases included an additional 13,000 feet. Drilling has offered a better understanding of the two units of limestone that make up the Monte Cristo Formation on the Blue Nose Property. Drilling indicates a 100-150 foot thick upper limestone unit with a moderate amount of silica needed for cement, and a lower high grade white limestone formation that is 400-450 feet thick. As expected, the bottom of the Monte Cristo Formation represents a thick dolomite bed.

Initial assay results from the first five holes received (BNR-37, BNR-38, BNR-42, BNR-43 and BNR-44) of the Plan of Operations Drill Program are encouraging for limestone suited for cement production. Below is a brief summary of the grades of calcium carbonate (%) over depth in these holes:

    
    -   BNR-37: 55'-60' - 100%; 75'-190' - 93.87%; 200'-220' - 100%; 225'-
        245' - 98.32%; 255'-515' - 100%; 525'-530' - 86.22%

    -   BNR-38: 260'-265' - 83.46%; 290'-295' - 82.52%; 300'-330' - 90.64%;
        345'-355' - 92.14%; 395'-425' - 92.38%; 430'-450' - 96.75%; 455'-
        585' - 88.83%; 600'-650' - 90.19%; 660'-715' - 92.09%

    -   BNR-42: 0'-145' - 100%; 150'-195' - 97.95%; 295'-315' - 86.23%; 330'-
        340' - 91.44%; 375'-380' - 96.55%

    -   BNR-43: 0'-145' - 97.33%; 165'-175' - 96.46%

    -   BNR-44: 10'-25' - 88.19%; 30'-70' - 95.15%; 75'-170' - 89.56%; 175'-
        185' - 90.35%; 220'-225' - 88.91%; 225'-260' - 98.99%; 265'-290' -
        89.21%; 295'-305' - 89.95%; 310'-335' - 100%
    

Once the remaining assay results are received from the laboratory, the Company will proceed with building the cross sections and assay files for the resource calculations that will be conducted by Mine Development Associates, Inc. of Reno, Nevada. In the meantime, the drill holes are being surveyed to accurately locate the drill collars. With this information added to existing topographical maps, Management expects to have an accurate measure of the resource base and plans to proceed with the development of a mine plan.

Results from this phase of exploration for the Company represent the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Arizona, Nevada, Idaho and Utah.

Management is encouraged with the timing of the development of the Blue Nose project. On September 6, 2010, President Barack Obama proposed a six-year plan to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts. He was quoted as saying at a labor rally in Milwaukee,

    
    "We are going to rebuild 150,000 miles of our roads -- that's enough to
    circle the world six times.
    ... We're going to lay and maintain 4,000 miles of our railways -- enough
    to stretch coast-to-coast,"
    

The federal government's focus toward infrastructure spending is well timed. In the American Society of Civil Engineers' "2009 Report Card for America's Infrastructure," the ASCE graded the U.S. infrastructure as "Poor" and estimated "that $2.2 trillion needs to be invested over five years to bring the condition of the nation's infrastructure up to a good condition."

Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information. The reader is cautioned not to place undue reliance on forward-looking statements.

The reader is also cautioned that the Company has not determined that it has a commercial body of ore. The term "resource" is an estimate and is not a term that is recognized by SEC guidelines. A "resource" must be further defined and the Company must undertake a feasibility study of the results (if a feasibility study is warranted) to determine whether an economically viable reserve exists at a property.

For further information: Mason Douglas, President, Phone [phone], Fax [phone], Email: [email protected], or visit our website at www.cementforthefuture.com or www.infrastructurematerialscorp.com