Mr. Brian Kynoch reports

IMPERIAL REPORTS PRODUCTION UPDATE FOR 2024 THIRD QUARTER

Imperial Metals Corp. has provided an update on its quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial's production was 15,515,000 pounds copper and 13,551 ounces gold, with copper production, up slightly from 15,501,000 pounds of copper and gold production, down slightly from the second quarter production of 13,768 ounces for gold.

Metal production included 9,822,000 pounds copper and 9,527 ounces gold from Mount Polley and 5,693,000 pounds copper and 4,024 ounces gold from the company's 30-per-cent share of Red Chris mine production.

Mount Polley mine

Mount Polley metal production for the third quarter of 2024 was 9,822,000 pounds copper and 9,527 ounces gold, compared with 9,281,000 pounds copper and 10,009 ounces gold produced during the second quarter of 2024.

In the third quarter of 2024, mill throughput was up 8.6 per cent, with 1,694,000 tonnes being treated, compared with 1.56 million tonnes treated in the third quarter of 2023. Copper production in the third quarter of 2024 was up by 21.9 per cent, compared with the same quarter in 2023, with copper grade, recovery and mill throughput all higher. Gold production was lower at 9,527 ounces in the third quarter of 2024, compared with 11,321 ounces produced in the same quarter in 2023 on lower grades and recovery, partially offset by higher throughput.

Stripping for the phase 5 pushback of the Springer pit continues and approximately 3.97 million tonnes from this pushback was mined to the end of September, 2024, with much of this material hauled to the tailings storage facility for buttress construction.

Red Chris mine

Red Chris metal production (100 per cent) for the third quarter of 2024 was 18,977,000 pounds copper and 13,414 ounces gold, compared with 20,731,000 pounds copper and 12,531 ounces gold produced during the second quarter of 2024.

In the 2024 third quarter, Red Chris copper production was up 38 per cent and gold production was up 33.5 per cent, compared with the third quarter of 2023. The increase in copper production was a result of a 45.7-per-cent increase in copper grade (0.50 per cent versus 0.35 per cent) and an 8.6-per-cent increase in recovery (85.6 per cent versus 78.8 per cent). The increase in gold production was a result of a 41.2-per-cent increase in gold grade (0.365 gram per tonne versus 0.258 gram per tonne) and an 8.5-per-cent increase in recovery (57.3 per cent versus 52.8 per cent).

Brian Kynoch, PEng, Imperial's president, has reviewed the disclosures contained in this news release and is the designated qualified person as defined by National Instrument 43-101.

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.