The Annual General Meeting of Ivernia Inc. will be held on June 11, 2013. At the meeting Mr. David Warner is the sole new nominee being proposed for election to the board at the 2013 AGM. Mr. David Murray has decided to retire from the board and is not seeking re-election at the 2013 AGM.

Ivernia Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company recorded net loss after tax of $7.3 million or $0.01 per basic and fully diluted common share compared to a net loss after tax of $1.9 million or $0.00 per basic and fully diluted common share for the same period last year. Net interest expense was $390,000 compared to net interest income of $109,000 a year ago. Loss before tax was $9.8 million compared to $2.9 million a year ago. Cash flow used in operating activities was $6.6 million compared to $5.0 million a year ago. The company expects to produce between 40,000 and 45,000 tonnes of lead contained in concentrate for the year ending December 31, 2013. The company expects to sell between 45,000 and 50,000 tonnes of lead contained in concentrate in 2013.

Ivernia Inc. reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported loss before income taxes of $8,760,000 compared to income before income taxes of $4,991,000 a year ago. Net income was $2,678,000 compared to $10,862,000 or $0.02 basic and diluted per share a year ago. Cash flow used in operating activities was $5,994,000 compared to $5,880,000 a year ago. For the year, the company reported loss before income taxes of $23,788,000 compared to $34,870,000 a year ago. Net loss was $8,165,000 or $0.01 basic and diluted per share compared to $18,640,000 or $0.03 basic and diluted per share a year ago. Cash flow used in operating activities was $19,653,000 compared to $36,732,000 a year ago.