Ivernia Announces Nominees to the Board of Directors and AGM Details

TORONTO, ONTARIO--(Marketwired - May 12, 2014) - Ivernia Inc. (TSX:IVW) ("Ivernia" or the "Company") is pleased to announce its slate of nominees to the board of directors (the "Board") for election at the June 10, 2014 annual meeting of shareholders ("2014 AGM"). The slate is comprised of six current directors and one new nominee.

Messrs. J. Trevor Eyton, Wayne Richardson, David Ming Qi, Peter Robson, David Warner and Michael Agnew are standing for re-election at the 2014 AGM. Mr. Robert Metcalfe is the sole new nominee being proposed for election to the Board at the 2014 AGM and, as a result, the Board will be comprised of seven members.

Mr. Metcalfe has been Counsel at Metcalfe, Blainey & Burns LLP since 2001 and, prior to that, he was a senior partner with the law firm Lang Michener LLP for 20 years. Mr. Metcalfe has extensive executive, board, compensation committee and audit committee experience and currently serves on the board of board of several public companies. Mr. Metcalfe has a Bachelor of Laws from Osgoode Hall Law School and is a member of the Institute of Corporate Directors and a member in good standing of the Law Society of Upper Canada. Mr. Metcalfe is independent within the meaning of National Instrument 52-110 of the Canadian Securities Administrators.

The Honourable J. Trevor Eyton, Chairman of the Board of Directors of Ivernia, commented: "Ivernia is pleased to have Robert Metcalfe as a nominee to Ivernia's Board of Directors. Mr. Metcalfe is an accomplished business man with extensive experience working with boards of public companies in various sectors. He also has a wealth of experience working with compensation and audit committees."

Ivernia's Annual Meeting of Shareholders

The 2014 AGM is scheduled for 10:00 a.m. (Eastern Time) on Tuesday, June 10, 2014 at:

Offices of Stikeman Elliott LLP

Suite 5300, Commerce Court West

199 Bay Street, Toronto, Ontario

At the meeting, the Company will also be re-appointing the auditors and authorizing the board of directors of the Company to fix their remuneration. Management will host a webcast at its 2014 AGM commencing at 10:00 a.m. (Eastern Time) which will include a management presentation. The meeting will be webcast live on the Ivernia website at www.ivernia.com. A webcast replay will remain available after the meeting on the investor relations section of the Ivernia website at www.ivernia.com.

The management information circular and other proxy materials for the 2014 AGM will be mailed to shareholders and will be available on the SEDAR website, www.sedar.com, today.

About Ivernia:

Ivernia is an international base metal mining company and the owner of the Paroo Station Mine located in Western Australia. Ivernia trades under the symbol "IVW" on the Toronto Stock Exchange. Ivernia and its mining operations operate under a management services arrangement with Enirgi Group Corporation, Ivernia's majority shareholder.

Additional information on Ivernia is available on the Company's website at www.ivernia.com and at SEDAR at www.sedar.com