International Barytex Closes $5.25 Million Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.

Further to its news release dated March 13, 2008, International Barytex
Resources Ltd. (the "Company") (TSX VENTURE:IBX) is pleased to announce that its
non-brokered private placement was oversubscribed and it is now closed with the
issuance of 7,000,000 units at $0.75 per unit to raise proceeds of $5.25
Million. Each unit consists of one common share and one share purchase warrant
entitling the holder to purchase an additional share for a period of 24 months
at $1.25 per share during the first 12 months and $1.50 per share during the
second 12 months. If the closing market price of the common shares of the
Company on the TSX Venture Exchange (or such other stock exchange or quotation
system on which the common shares of the Company may at any time or from time to
time be listed or quoted) is (i) $1.40 or higher over a period of 20 consecutive
trading days ending at any time after August 22, 2008 until April 22, 2009 or
(ii) $2.00 or higher over a period of 20 consecutive trading days ending at any
time after April 22, 2009 until the date of expiry of the Warrants, the Company
will be entitled to accelerate the unexercised Warrants upon notice to the
holders thereof and the Warrants will then expire on the 20th business day after
the effective date of the giving of such notice.


The Company paid as finders' fees an aggregate of $311,063 in cash, and issued
8,750 Finders' Units, each Finders' Unit consisting of one common share and one
share purchase warrant, subject to the same terms and conditions as the placees'
warrants.


The placees' and finders' shares and warrants, and any shares issued upon
exercise of the warrants, are subject to a hold period and may not be traded
until August 23, 2008 except as permitted by, and subject to, applicable
securities laws and the TSX Venture Exchange.


Proceeds from the private placement will be used primarily to finance the
completion of a Feasibility Study on the Company's Shituru copper project in the
Democratic Republic of Congo, for working capital and for other general
corporate purposes.


This news release does not constitute an offer to sell or the solicitation of an
offer to buy any units within the United States. The units will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws.


On behalf of the Board of Directors

INTERNATIONAL BARYTEX RESOURCES LTD.

Leo King, President and Director

Forward Looking Statements: Some statements in this news release contain
forward-looking information. These statements include, but are not limited to,
statements with respect to the completion of transactions, the timing and amount
of issuances of securities and the uses of proceeds. These statements address
future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by the statements. Such factors include,
among others, the ability to complete contemplated transactions and share
issuances and the uses of proceeds.

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