Two releases yesterday confirming the conclusion of the deal with YMG of China. Shares issued bring the fully diluted total to about 208 million. A board change results -

Ivernia Inc. (“Ivernia”) (TSX:IVW) today announced that,
effective immediately, Mr. Chen Zhi has been appointed to its Board of Directors. Mr. Chen Zhi served as Board Chairman of Yunnan Metallurgical Group (“YMG”), a leading integrated base metals company operating out of the Yunnan province of China, for six years up to December 2007.
He is a current member of China’s National Peoples’ Congress, holds a Bachelor of Economics degree from the Sichuan University and is a Senior Engineer with the Nonferrous Metals Industry
Association of China.

YMG is Ivernia’s partner in a long-term strategic agreement that provides a substantial platform for growth and diversification for both companies in Australia and Asia.

Additionally, Mr. Jay Kellerman has stepped down from the board effective immediately. He was elected to the board in July 2007 and since then has made a significant contribution to Ivernia that is much appreciated by his fellow directors and the senior management.