International Prospect Ventures Ltd. announced that it has increased its property package in the Pilbara Craton of Western Australia (WA) with the addition of 2 new tenements, acquired 100% by staking. The additional tenements were granted to the Company's wholly owned subsidiary, Valroc Ventures Pty Ltd, bringing its total land holdings in WA to 14,073 hectares. The two new tenements, E46/1390 (318 ha; 1 block) and E16/1391 (5385 ha; 17 blocks), are located 1.7 km west and 185 km south-southeast, respectively, of the Company's Mosquito Creek Basin tenements (E46/1197, 1198, 1201, 1202).

Annual work requirements are AUD 10,000 for E46/1390 and AUD 20,000 for E46/1391. Tenement E46/1390, referred to as the Moss-Creek tenement, compliments the other four Mosquito Creek Basin tenements (E46/1197, 1198, 1201 and 1202), and will be explored for gold, base metals and lithium. Tenement E46/1391, referred to as the Balfour tenement, is located in the southeast portion of the Fortescue Basin, underlain by Fortescue Group rocks, and covering about 12 km of a granite-volcanic unit contact previously explored for gold and base metals.

Historical exploration work on the tenement reported from 3 ppb to 1201 ppb Au. The high gold value (1201 ppb Au) is reported from siliceous volcanic breccia and other elevated gold concentrations are associated with quartz veining with iron- oxide (hematite), sericite and epidote alteration. There are numerous historical Fe, Mn, Cu, and Au occurrences in the region.