News Releases

2 Nov, 2005

Denver, Colorado (November 2, 2005): Intermap Technologies Corporation (IMP -TSX), announced today that its previously announced Common Share offering has been increased by an additional 6,125,000 Common Shares on exercise of an option (the "Underwriter's Option") granted to Canaccord Capital Corporation (the "Underwriter") pursuant to an Underwriting Agreement dated October 18, 2005. Adam Harkness Financial Group, Inc. and Sanders Morris Harris Inc. served as placement agents in the United States.

As a result of the exercise of the Underwriter's Option, the offering will result in total gross proceeds to Intermap of $80.0 million. In the event the Over-Allotment Option is also exercised in full, additional proceeds to Intermap will be $12.0 million. The Over-Allotment Option expires 30 days after closing of the offering and gives the Underwriter the right to purchase up to 2,449,500 additional Common Shares. All shares issued in connection with the Underwriting Agreement are priced at $4.90 per Common Share.

The Company also reports that in connection with the previously announced offering, it received final receipts from the applicable regulators for a final short-form prospectus on October 27, 2005. The documents can be viewed at in both English and French. The offering is expected to close on or about November 3, 2005.

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 transaction is subject to the receipt of all necessary regulatory and stock exchange approvals.

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