IRI IEMR Resources Inc

IRI Separation Technologies Inc. (TSX VENTURE:IRI) is pleased to announce a
private placement consisting of a minimum 4,000,000 units and a maximum
7,333,333 units at $0.15 per unit (a "Unit"), for gross proceeds of a minimum
$600,000 up to a maximum $1,100,000. Each Unit consists of one common share and
one non-transferable warrant, each warrant entitling the holder to purchase one
common share for 18 months at $0.30 per share.


The private placement will be completed on a brokered basis. The broker,
Wellington West Capital Inc., will receive compensation in the following manner:
1) Broker commission of 8% and 2) Broker Warrants consisting of Common Share
purchase warrants equal to 10% of the number of Units sold pursuant to the
offering. Each Broker Warrant shall entitle the holder thereof to purchase one
common share at a price of $.15 for a period of 18 months from the date of
issuance.


In addition the company will be offering up to 2,200,000 Units on a non brokered
basis for gross proceeds of up to $330,000. The Units offered under the non
brokered private placement have the same terms as the Units under the brokered
private placement.


The proceeds from the sale of the Units will be used for the Advertising and
Promotional Program associated with the launch of the Company's retail MUNO
product line, and general working capital.


All securities are subject to resale restrictions under applicable securities Laws.

The brokered and non brokered private placements are subject to the acceptance
of the TSX Venture Exchange.


About IRI Separation Technologies Inc.

IRI Separation Technologies Inc. (TSX VENTURE:IRI) is a biotechnology company
that specializes in the extraction, development and commercialization of
polyclonal immunoglobulin antibodies for virus and bacteria related health
issues. Intended for use as a nutraceutical for human consumption, the
antibodies are derived from chicken eggs. The immunoglobulin antibodies are
intended for both the general and specific antibody market.

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