Item 1.01 Entry Into A Material Definitive Agreement.

On July 7, 2008, the Company's Board of Directors approved an Investor Relations Agreement ("IR Agreement") with Focus Relations Inc. ("Focus"). The initial term of the IR Agreement is for twelve months, during which Focus will provide a variety of promotional and investor relations services, including introducing Ivany Mining to investors, providing dissemination of news to the public, and general assistance with investor relations duties.

Under the IR Agreement, the Company is required to issue a total of 300,000 shares of its common stock, with 180,000 shares to be issued as an initial fee to Focus, and with 10,000 shares per month for the next twelve months to be issued to Focus as ongoing compensation.