Mr. Brian Kynoch reports

IMPERIAL REPORTS RED CHRIS MINE BLOCK CAVE TO RECEIVE $500 MILLION FROM THE GOVERNMENT OF CANADA

The federal government of Canada is committed to contribute $500-million to support Imperial Metals Corp.'s Red Chris block cave project in connection with the Canada-British Columbia co-operative prosperity agreement. As the Red Chris joint venture advances through the internal approval process toward a final investment decision, this commitment strengthens the business case for the development of its proposed block cave copper-gold operation.

Its joint venture partner, Newmont Corp., is in the process of completing a definitive feasibility study for the project. The Red Chris block cave is expected to create more than 1,800 jobs during construction and sustain a total approximate work force of 1,500 peak-season operational roles. The project is expected to extend the life of the current Red Chris mine by approximately 14 years and sets the foundation for decades of potential additional mining. It represents a significant opportunity to create long-term value for Imperial's shareholders, strengthen critical mineral supply chains, and deliver long-term benefits for local communities, indigenous partners, British Columbia and Canada.

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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