Mindesta Inc. ("MDST" or the "Company") (OTCBB: MDST) wishes to announce that its shares will begin trading on the OTCBB under the symbol MDST, effective September 7, 2011. Prior to a one for 20 share consolidation, Mindesta was known as Industrial Minerals, Inc. and traded under the symbol IDSM.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS RELEASE.

Contacts: Gregory Bowes CEO (613) 241-9959

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