------------------------------
                                                          OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number:          3235-0362
                                                  Expires:      January 31, 2005
                                                  Estimated average burden
                                                  hours per response.........1.0
                                                  ------------------------------

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 5

               ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(h) of the Investment Company Act of 1940

|X|  Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

|X|  Form 3 Holdings Reported

|X|  Form 4 Transactions Reported

- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*

Investor Communications International, Inc.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)

435 Martin Street, Suite 2000
- --------------------------------------------------------------------------------
(Street)

Blaine, Washington  98230
- --------------------------------------------------------------------------------
(City) (State) (Zip)

- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol

GeneMax Corp.  "GMXX"
- --------------------------------------------------------------------------------
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

n/a
- --------------------------------------------------------------------------------
4. Statement for Month/Year

December 2002
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)

n/a
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
     (Check all applicable)

     |_|  Director                             |_|  10% Owner
     |_|  Officer (give title below)           |X|  Other (specify below)

                             no current relationship
                       ---------------------------------
- --------------------------------------------------------------------------------
7.   Individual or Joint/Group Filing
     (check applicable line)

     |X|  Form filed by One Reporting Person
     |_|  Form filed by More than One Reporting Person
- --------------------------------------------------------------------------------

================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
                                                                                                 5.             6.
                                                                 4.                              Amount of      Owner-
                                                                 Securities Acquired (A) or      Securities     ship
                                       2A.          3.           Disposed of (D)                 Beneficially   Form:     7.
                            2.         Deemed       Transaction  (Instr. 3, 4 and 5)             Owned          Direct    Nature of
                            Trans-     Execution    Code         ------------------------------- at the End     (D) or    Indirect
1.                          action     Date, if     (Instr. 8)                   (A)             of Issuer's    Indirect  Beneficial
Title of Security           Date       any          ------------                 or              Fiscal Year    (I)       Ownership
(Instr. 3)                 (mm/dd/yy)  (mm/dd/yy)                    Amount      (D)    Price    (Instr. 3 & 4) (Instr.4) (Instr.4)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                               
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock $0.001 par value                                                                    554,470         D
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

- ----------
*    If the form is filed by more than one reporting person, see instruction
     4(b)(v).

FORM 5 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
             2.                                                                                           of        of
             Conver-                            5.                              7.                        Deriv-    Deriv-   11.
             sion                               Number of                       Title and Amount          ative     ative    Nature
             or                                 Derivative    6.                of Underlying     8.      Secur-    Secur-   of
             Exer-            3A.      4.       Securities    Date              Securities        Price   ities     ity:     In-
             cise             Deemed   Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of      Bene-     Direct   direct
             Price   3.       Execut-  action   or Disposed   Expiration Date   ----------------  Deriv-  ficially  (D) or   Bene-
1.           of      Trans-   ion      Code     of(D)         (Month/Day/Year)            Amount  ative   Owned     In-      ficial
Title of     Deriv-  action   Date if  (Instr.  (Instr. 3,    ----------------            or      Secur-  at End    direct   Owner-
Derivative   ative   Date     any      8)       4 and 5)      Date     Expira-            Number  ity     of Year   (I)      ship
Security     Secur-  (mm/dd/  (mm/dd/  ------   ------------  Exer-    tion               of      (Instr. (Instr.   (Instr.  (Instr.
(Instr. 3)   ity     yy)      yy)                (A)   (D)    cisable  Date     Title     Shares  5)      4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
Stock                                                                            Common
Options      $0.50   12/03/02           C *          102,000  07/15/02  07/15/04  Stock   102,000  $0.50   898,000   D        n/a
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

Explanation of Responses:

*    Pursuant to a Notice and Agreement of Exercise of Option dated December 3,
     2002, Brent Pierce ("Pierce") who is a contractor to Investor
     Communications International, Inc. ("ICI"), exercised 102,000 stock options
     at the exercise price of $0.50 per option to acquire 102,000 shares of the
     common stock of GeneMax Corp. ("GMXX"). Pursuant to the terms and
     provisions of a consulting Agreement between GMXX and ICI, GMXX previously
     granted to ICI 1,000,000 stock options (which were subject to an S-8
     registration statement filed with the Securities and Exchange Commission).
     In connection with the exercise of stock options, the shares of common
     stock of GMXX are to be issued to Pierce who has provided bona fide
     services to GMXX under the Consulting Agreement.

Investor Communications Inc.

By: /s/ Marcus Johnson                                   January 7, 2003
- ----------------------                                   ---------------
**Signature of Reporting Person                          Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.