Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate
debt group, Integrated Private Debt Corp. ("IPD"), announce the closing on
August 3, 2011 of a $10 million senior loan to Major Drilling Group
International Inc. ("Major Drilling") (TSX:MDI). 


The capital raised by Major Drilling will be used for general corporate purposes. 

Major Drilling, with its head office in Moncton, NB, is one of the world's
largest drilling service companies, primarily serving the mining industry. 
Major Drilling maintains field offices in Canada, the United States, South and
Central America, Australia, Asia and Africa providing all types of drilling
services including surface and underground coring, directional, reverse
circulation, RAB, geotechnical, environmental, water-well, and coal-bed methane
and shallow gas. 


Philip Robson, President of IPD said "We are delighted to have this opportunity
to provide Major Drilling with long term fixed rate capital at a time when
interest rates are near record lows. Major Drilling is a very well managed
company with an excellent track record of generating positive cash flows in all
business cycles, and we are pleased to add this fine company to our portfolio". 


IPD manages and provides funding from the $1.1 billion Integrated Private Debt
Fund LPs on behalf of a number of pension funds and other institutional
investors. IPD offers fixed rate, investment grade term loans to mid-market
companies for such purposes as refinancing existing debt, acquisitions, plant
expansion or modernization, project financing and management buyouts. 


IAM is one of Canada's leading alternative asset management companies, with
approximately $2.3 billion in assets and committed capital under management in
private corporate debt, real estate, managed futures, global bonds, private
equity and retail alternative investments.
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