(2) Val-d'Or, Québec--(Newsfile Corp. - May 6, 2021) - International Prospect Ventures Ltd. (TSXV: IZZ) (the "Company") is pleased to announce that it has entered into a mining property purchase agreement (the "Agreement") with an arms' length party (the "Vendor") on the Beartooth Island Prospect (the "Property"), for the acquisition of the remaining 60% undivided interest in the Property. In accordance with the terms of the Agreement and upon receipt of the approval of the TSX Venture Exchange, the Company will issue 300,000 of its common shares and make a cash payment of $10,000 to the Vendor. With the Company already holding 40% interest, on completion of the acquisition, the Company will own 100% of the Beartooth Island Property.