Mr. Johan Grandin reports

IMETAL EXPANDS DRILL PROGRAM AT GOWGANDA WEST

iMetal Resources Inc. is immediately expanding its phase 1 maiden drill program at the zone 1 South target area of its Gowganda West project, 500 metres from Pan American Silver's Juby deposit and 15 kilometres west of Canada Cobalt's Castle mine and adjacent gold discovery.

Three drill holes have been completed at zone 1 South, each to a depth of approximately 250 metres. Significantly, the gold-mineralized and altered mafic volcanic and jasper conglomerate lithologies observed at surface (chip sampling returned gold values as high as 39.3 grams per tonne; refer to Nov. 28, 2018, news release) have been intersected by drilling and continue to depth with evidence of a widespread hydrothermal system. Fine-grained pyrite with chalcopyrite is associated with quartz-carbonate alteration and veining in the host lithologies.

Johan Grandin, iMetal's president and chief executive officer, commented: "Given what our team has already observed in these initial holes, we are continuing and expanding this first-ever drill program with additional holes at zone 1 South. These are exciting times for iMetal shareholders as we target a new discovery in the Gowganda camp."

Qualified person

The technical content of this news release has been reviewed and approved by Dr. Mark Fedikow, PhD, PGeo, a qualified person as defined under National Instrument 43-101.

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