Mr. Brian Kynoch reports

IMPERIAL ANNOUNCES NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Imperial Metals Corp.'s notice of intention to make a normal course issuer bid to be transacted through the facilities of the TSX or alternative Canadian marketplaces.

Pursuant to the bid, the company may purchase up to 774,357 common shares, representing 0.5 per cent of the total 154,871,341 common shares of the company issued and outstanding as of May 8, 2023. Purchases will be made, at the discretion of the company, at prevailing market prices, commencing May 11, 2023, and ending no later than May 10, 2024. Pursuant to TSX policies, daily purchases made by the company will not exceed 7,117 common shares or 25 per cent of the company's average daily trading volume of 28,471 common shares on the TSX, subject to certain prescribed exceptions. The shares acquired under the bid will be used to satisfy the company's obligations under its non-management directors' plan and share purchase plan. The financing for any purchase pursuant to the bid will be financed out of the working capital of the company. In the previous 12 months, the company has repurchased 119,400 of its outstanding common shares at a volume weighted average price per share of $2.31 through the facilities of the TSX. The maximum number of common shares sought and approved by the TSX under the terms of the previous bid was 706,980. The common shares have or will be allocated to satisfy the company's obligations under the plans. A copy of the company's notice filed with the TSX may be obtained by any shareholder, without charge, by contacting the company's chief financial officer.

About Imperial Metals Corp.

Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine (100 per cent), the Huckleberry mine (100 per cent) and the Red Chris mine (30 per cent). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

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