BluMont Augen completes US$16 million flow-through offering

On November 1, 2007, Integrated Asset Management Corp. and its wholly-owned subsidiary, BluMont Capital Corporation announced that BluMont Augen Limited Partnership 2007-1 (the "Partnership") had completed its initial public offering of units, raising a total of $16,095,700. The Partnership expects to invest approximately 85% of the gross proceeds of the offering in flow-through shares of Canadian resource companies involved in mineral exploration and approximately 15% of the gross proceeds of the offering in flow-through shares of Canadian resource companies involved in oil and gas exploration. The Partnership expects investors to receive tax deductions equal to 100% of the amount invested for the 2007 taxation year. Also, investments in flow-through shares of resource companies involved in mineral exploration may qualify for investment tax credits. BluMont, as portfolio manager, will select flow-through shares and other investments on behalf of the Partnership in consultation with Augen Capital Corp. ("Augen"). Augen has been retained by the Partnership and the Portfolio Manager to provide its technical expertise and due diligence services in the resource sector to assist the Partnership and the Portfolio Manager with the review and selection of suitable investment opportunities in resource companies. The offering was made through a syndicate of investment dealers led by Scotia Capital Inc., CIBC World Markets Inc. and Dundee Securities Corporation, and including BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc., Queensbury Securities Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Industrial Alliance Securities Inc., Research Capital Corporation, Sora Group Wealth Advisors Inc. and Wellington West Capital Inc. BluMont Capital was advised in this offering by a team from Fasken Martineau led by Anil Aggarwal and including, among others, Munier Saloojee and Jennifer Armstrong (securities/investment funds); David Johnson and David Ferris (banking); and Mitchell Thaw and Ronald Nobrega (tax).