2010 Distribution Payments

IRC Provides Distribution Payments to Beneficiaries

INUVIK, NT (April 26, 2010) – The Board of Directors of Inuvialuit Regional Corporation (IRC) announces a distribution payment of $400 to all enrolled Inuvialuit beneficiaries over the age of 18.

In accordance with the IRC Distribution Policy, each enrolled Inuvialuit beneficiary will receive the minimum distribution amount of $400. A total of $1,600,000 will be paid to 4,000 beneficiaries. Payments can be expected on May 7.

IRC subsidiaries – Inuvialuit Development Corporation, Inuvialuit Investment Corporation, Inuvialuit Land Corporation and Inuvialuit Petroleum Corporation – will contribute to the distribution.

The IRC Distribution Policy ensures that there is sufficient reinvestment of profits to guarantee the preservation and growth of the land claim capital for future generations of Inuvialuit. The establishment of the Elders Assistance Program and Inuvialuit Harvesters Assistance Program, the core funding of the Inuvialuit Education Foundation, Inuvialuit Charitable Foundation and community corporations have all been made possible through such reinvestments.