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Inmet Provides Update on Shareholder Rights Plan

TORONTO, CANADA--(Marketwire - Nov. 30, 2012) - Inmet Mining Corporation (TSX:IMN) announced today that it has been notified by the Toronto Stock Exchange (the "TSX") that the TSX has, in accordance with its rules, deferred its consideration of the acceptance of Inmet's recently announced shareholder rights plan. The deferral does not affect the operation of the shareholder rights plan, which remains effective in accordance with its terms.

TSX deferral is typical in situations in which a shareholder rights plan is adopted as a response to a specific or potential take-over bid. As previously disclosed, Inmet's shareholder rights plan is intended in the event of an unsolicited take-over bid to provide Inmet's Board of Directors and shareholders adequate time to consider and evaluate any such take-over bid and, if appropriate, seek alternatives to maximize shareholder value. To date, no formal take-over bid has been made.

A copy of Inmet's shareholder rights plan is available on SEDAR at www.sedar.com.