File: Attachment 2026011_IMM_NR_Shares for Debt Transaction.pdf

INTERNATIONAL METALS MINING CORP.

INTERNATIONAL METALS ANNOUNCES SHARES FOR DEBT TRANSACTION

Vancouver, British Columbia (January 19, 2026) International Metals Mining Corp. (the "Company") (TSXV: IMM) (OTC PINK: CYNXF) (FSE: C2Y) announces it has entered into debt settlement agreements to settle an aggregate of $855,001.95 in debt (the "Shares for Debt Transactions") owing to certain arm's-length creditors and non-arm's-length creditors of the Company.

Debt Transaction

Pursuant to the Shares for Debt Transactions, the Company has agreed to settle an aggregate of:

dot $780,011.95in debt owing to the arm's-length creditors by issuing 7,800,119 units (each, a "Unit") at a deemed price of $0.10 per Unit, whereby each Unit shall be comprised of one (1) common share of the Company ("Share") and one (1) Transferrable share purchase warrant ("Warrant"), with each Warrant convertible into an additional Share (a "Warrant Share") at an exercise price of $0.15 per Warrant Share for a period of 24 months from the date of issuance; and

dot $74,990.00 in debt owing to an executive officer, or corporation held thereby, of the Company by issuing 749,900 Shares at a deemed price of $0.10 per Share.

The following insiders of the Company ("Insiders") intend to participate in the Shares for Debt Transactions - (i) Brian Thurston, Chief Executive Officer and Director of the Company, is to receive 749,900 Shares to satisfy $74,990.00 owed by the Company. The participation of Insiders in the Shares for Debt Transactions is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that it will be exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the Shares for Debt Transactions in reliance of sections 5.5(a) and 5.7(a) of MI 61- 101, respectively, on the basis that participation in the Shares for Debt Transactions by the Insiders will not exceed 25% of the fair market value of the Company's market capitalization. All securities issued pursuant to the Shares for Debt Transactions, and any Shares that may be issuable on the exercise of Warrants, will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable securities legislation. The Shares issued to Insiders will also be subject to a concurrent Exchange Hold Period (as such term is defined in the policies of the TSX Venture Exchange). The Shares for Debt Transactions, including the issuance of the Units and Shares contemplated thereby, are subject to the receipt of required approvals, including acceptance by the TSX Venture Exchange.

1 About International Metals Mining Corp.

International Metals Mining Corp. is a Canadian company engaged in the acquisition, exploration, and development of mineral properties focusing on critical metals and mineral assets. The Company is focused on its 100% owned copper-gold porphyry property in Peru.

International Metals Mining Corp.

Per: Brian Thurston President and Chief Executive Officer Tel: +1 778 928-6565

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Shares for Debt Transactions, including the issuance of securities contemplated thereby, and the receipt of all required approvals, including the acceptance of the TSX Venture Exchange, are forward- looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain acceptance of the Shares for Debt Transactions by the TSX Venture Exchange. All forward-looking statements contained in this news release is qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. The forward-looking statements contained in this press release are made as of the date hereof, and the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

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File: '\\swfile\EmailIn\20260116 154319 Attachment 20260119_IMM_NR_Shares for Debt Transaction.docx'

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NATDOCS\90852566\V-2

INTERNATIONAL METALS MINING CORP.

INTERNATIONAL METALS ANNOUNCES SHARES FOR DEBT TRANSACTION

Vancouver, British Columbia (January 19, 2026) - International Metals Mining Corp. (the "Company") (TSXV: IMM) (OTC PINK: CYNXF) (FSE: C2Y) announces it has entered into debt settlement agreements to settle an aggregate of $855,001.95 in debt (the "Shares for Debt Transactions") owing to certain arm's-length creditors and non-arm's-length creditors of the Company.

Debt Transaction

Pursuant to the Shares for Debt Transactions, the Company has agreed to settle an aggregate of:

$780,011.95in debt owing to the arm's-length creditors by issuing 7,800,119 units (each, a "Unit") at a deemed price of $0.10 per Unit, whereby each Unit shall be comprised of one (1) common share of the Company ("Share") and one (1) Transferrable share purchase warrant ("Warrant"), with each Warrant convertible into an additional Share (a "Warrant Share") at an exercise price of $0.15 per Warrant Share for a period of 24 months from the date of issuance; and

$74,990.00 in debt owing to an executive officer, or corporation held thereby, of the Company by issuing 749,900 Shares at a deemed price of $0.10 per Share.

The following insiders of the Company ("Insiders") intend to participate in the Shares for Debt Transactions - (i) Brian Thurston, Chief Executive Officer and Director of the Company, is to receive 749,900 Shares to satisfy $74,990.00 owed by the Company. The participation of Insiders in the Shares for Debt Transactions is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company expects that it will be exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders' participation in the Shares for Debt Transactions in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Shares for Debt Transactions by the Insiders will not exceed 25% of the fair market value of the Company's market capitalization.

All securities issued pursuant to the Shares for Debt Transactions, and any Shares that may be issuable on the exercise of Warrants, will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable securities legislation. The Shares issued to Insiders will also be subject to a concurrent Exchange Hold Period (as such term is defined in the policies of the TSX Venture Exchange). The Shares for Debt Transactions, including the issuance of the Units and Shares contemplated thereby, are subject to the receipt of required approvals, including acceptance by the TSX Venture Exchange.

About International Metals Mining Corp.

International Metals Mining Corp. is a Canadian company engaged in the acquisition, exploration, and development of mineral properties focusing on critical metals and mineral assets. The Company is focused on its 100% owned copper-gold porphyry property in Peru.

International Metals Mining Corp.

Per: Brian Thurston

President and Chief Executive Officer

Tel: +1 778 928-6565

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Shares for Debt Transactions, including the issuance of securities contemplated thereby, and the receipt of all required approvals, including the acceptance of the TSX Venture Exchange, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain acceptance of the Shares for Debt Transactions by the TSX Venture Exchange. All forward-looking statements contained in this news release is qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. The forward-looking statements contained in this press release are made as of the date hereof, and the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.