News Releases

3 Nov, 2005 Denver, Colorado (November 3, 2005): Intermap Technologies Corporation (IMP -TSX), announced today the completion of the common share offering announced on October 14, 2005. The Company sold 16,330,000 Common Shares at a price of $4.90 per Common Share through Canaccord Capital Corporation (the "Underwriter") pursuant to an Underwriting Agreement dated October 18, 2005. Sanders Morris Harris Inc. and Adams Harkness Financial Group, Inc. served as placement agents in the United States. 

The Offering resulted in total gross proceeds to Intermap of $80.0 million. The net proceeds from the financing will be utilized to fund the development of the NEXTMap USA and NEXTMap Europe projects as well as for working capital and other general corporate purposes. The Underwriter has an over-allotment option giving it the right to purchase up to an additional 2,449,500 Common Shares of Intermap within 30 days after closing of the offering at a price of $4.90 per Common Share. 

Brian Bullock, Intermap's President and Chief Executive Officer commented "We are extremely pleased with the support that we have received from the investment community in Canada, the United States and Europe which has enabled us to complete this financing. The funds raised will allow us to accelerate our NEXTMap USA program and commence our NEXTMap Europe initiative. The NEXTMap data will result in tremendous benefits to customers for numerous applications." 

The Common Shares have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States, or to a U.S. person, absent registration, or an applicable exemption therefrom. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 

About Intermap 

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications. Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images. 

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX under the symbol IMP. For more information, visit 

For further information, please contact: 
Richard Mohr, CFO 
(303) 708-0955 

Investor inquiries: 
Corbet Pala 
Investor Relations 
E-vestor Communications Inc. 
(416) 657-2400 

Budd Zuckerman 
Investor Relations 
Genesis Select Corporation 
(303) 415-0200