Drill program underway at Blue Nose Project

TORONTO, March 30 /PRNewswire-FirstCall/ - Infrastructure Materials Corp.
(NASDAQ OTC-BB: Symbol IFAM) is pleased to announce a drill program commenced
on March 24, 2009 on the Company's Blue Nose Limestone Project, located in
Lincoln County, Nevada, approximately 70 miles north east of Las Vegas. The
drill program will consist of 5,000 vertical feet of drilling in a target area
previously identified as cement grade limestone during a geological mapping
and sampling program conducted by the Company in November, 2008.
The Company is encouraged by the initial surface results on the property and a
decision was to proceed with drill testing. As a first phase of this project,
the western portion of the property has been targeted to determine continuity
of grade and depth of the limestone body. The first drill hole (Hole BN 1) has
been completed and encountered unaltered limestone from 0-300 feet. Assay
results of surface rock samples taken from this area of the property indicate
cement grade limestone with suitable preliminary tonnage. The Project is
within eight miles of railhead in southern Nevada. In addition to encouraging
preliminary grades and tonnages, management believes the Blue Nose Project is
favourably located because of its close proximity to the Las Vegas and
California markets. Further surface definition and sampling of another large
zone located on the eastern half of this property is currently being
completed. At present, there are no producing cement properties closer to Las
Vegas than the Blue Nose limestone Project.
Work continues on the Company's other limestone projects. A drill program of
thirty-one drill holes totalling 10,000 vertical feet has been approved by the
Nevada State Office of the Bureau of Land Management for the Company's Morgan
Hill Project. Drilling is expected to commence following completion of the
Blue Nose program, which is expected in the second half of April, 2009.
The Company's recent efforts towards the development of cement grade limestone
resources are appropriately timed to meet the U.S. Federal Government's
efforts to stimulate the economy. The Obama Administration has focused on
infrastructure spending as part of its stimulus program to create new jobs and
offer much needed repair to aging U.S. infrastructure. Recently, California's
Governor Arnold Schwarzenegger, who co-founded Building America's Future, a
coalition that is pursuing a plan to spend $1.6 trillion on Federal projects
ranging from dams to high-speed rail, met with President Obama to discuss
infrastructure. Following their meeting Governor Schwarzenegger was quoted as
saying:

"Not only would greater, sustained investment in our nation's ailing
infrastructure create jobs immediately, it would also establish long-term
economic competitiveness, address our environmental needs, and enhance
the quality of life across our nation. California knows first-hand from
our Strategic Growth Plan that there are vast benefits to focusing on
infrastructure, which is why we are aggressively pushing for long-term
federal investment in our nation's infrastructure needs." (Building
America's Future Press Release March 20, 2009)

Infrastructure Materials Corp. (formerly known as "Silver Reserve Corp.") is
an exploration stage mining company that is directing its efforts to the
development of cement grade limestone deposits in strategic locations in the
United States. The Company has two wholly-owned subsidiaries, one holding
limestone projects in Nevada and Idaho and the other holding fifteen
silver/base metal projects in the State of Nevada. The Company also owns a 250
ton per day milling facility at Mina, Nevada.

FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of U.S. securities laws
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and
other similar words or statements to the effect that certain events or
conditions "may", "have" or "will" occur. This release also contains
statements based upon historical records pertaining to our mineral claims that
have not been verified by the Company. The term, "resource" is not a term that
is recognized by SEC guidelines and does not rise to the level of certainty
required by SEC guidelines. Forward-looking statements or references to
historical records are based on the material in our possession, opinions and
estimates of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those stated or projected
in the this press release. The Company undertakes no obligation to update
forward-looking statements or historical information. The reader is cautioned
not to place undue reliance on forward-looking statements.

SOURCE Infrastructure Materials Corp.

Scott Koyich, IR, Mason Douglas, President, Phone (866) 448-1073, Fax (866)
786-6415, email info@infrastructurematerialscorp.com or visit our Website at
www.infrastructurematerialscorp.com