Mr. Brian Kynoch reports

IMPERIAL ANNOUNCES THIRD QUARTER PRODUCTION RESULTS

In the third quarter of 2015, Imperial Metals Corp.'s Red Chris mine produced 20.7 million pounds of copper and 9,281 ounces of gold, increases of 64 per cent and 100 per cent, respectively, from the second quarter of 2015. In the third quarter of 2015, the mill achieved an average throughput of 26,000 tonnes per day, an increase of 27.8 per cent over the second quarter of 2015. The mine moved an average of 68,931 tonnes of material per day during the third quarter 2015.

Mining activities continued in the Main and East zones, with the bulk (approximately 78 per cent) of the mill feed coming from the Main zone with higher-grade East zone ores (approximately 22 per cent) being blended with the Main zone ores. The ore grade averaged 0.479 per cent copper and 0.257 gram per tonne gold for the quarter. Metallurgical results improved during the quarter. This improvement was partially achieved through blending Main zone and higher-grade East zone ore. Blended ore was available in both July and August, while only Main zone ore was available for most of September. Metal recoveries for the third quarter averaged 81.7 per cent copper and 44.8 per cent gold.

Plans to increase stripping are being implemented so that East zone ores will be more consistently available for blending. This plan includes moving two Cat 793 haul trucks and an excavator from Mount Polley to Red Chris to increase the mining capacity at Red Chris to 100,000 tpd.

Brian Kynoch, president of Imperial, commented, "We are very pleased with the progress made at Red Chris during its second full quarter of production (the first quarter of commercial production), with average mill throughput and metal recoveries increasing to very near targeted levels."

At Mount Polley, 596,379 tonnes of ore were treated in the third quarter of 2015 following the restart of milling operations at about 50 per cent of the mill's capacity on Aug. 5. Mill throughput and metal production have been very close to targeted levels. In the quarter, 5,711 tonnes of concentrate containing 2.9 million pounds of copper and 4,760 ounces of gold were produced. Work continues to obtain the necessary permits for a resumption of full production.

At Huckleberry, production was in line with targets, with throughput averaging 18,830 tpd and 11.49 million pounds of copper being produced in the third quarter of 2015. During the quarter, the copper grade averaged 0.331 per cent copper, and copper recovery was 90.8 per cent.

We seek Safe Harbor.