Mr. Robert McLeod reports

IDM MINING CLOSES $4.3 MILLION NON-BROKERED PRIVATE PLACEMENT

IDM Mining Ltd. has closed its previously announced private placement. The offering comprised 22,505,556 flow-through units at nine cents per unit, and 28.75 million non-flow-through units at eight cents per non-flow-through unit for gross proceeds of approximately $4,325,000.

Each non-flow-through unit consisted of one common share of the company and one-quarter of one non-transferable share purchase warrant, each whole warrant entitling the holder thereof to acquire one common share at a price of 12 cents per common share for a period of 24 months following the closing of the offering.

Each flow-through unit consisted of one flow-through common share of the company and one-quarter of one non-transferable share purchase warrant, each whole warrant entitling the holder thereof to acquire one non-flow-through common share at a price of 12 cents per common share for a period of 24 months following the closing of the offering.

The company will pay to certain finders a total of $257,100 and 2,032,222 non-transferable warrants. Each warrant entitles the holder to purchase one common share at a price of 12 cents for a period of 12 months.

The warrants issued in the offering will not be listed for trading. The securities issued in the offering are subject to a four-month hold period that will expire on Aug. 18, 2018.

The net proceeds of the offering will go toward exploration, permitting, community relations, first nation engagement, engineering and development activities for the company's Red Mountain gold project located near Stewart, B.C., and for working capital purposes.

About IDM Mining Ltd. and Red Mountain

IDM Mining is an exploration and development company based in Vancouver, B.C., focused on advancing the high-grade, low-capital-expenditure, Red Mountain gold project toward production. The 17,125-hectare Red Mountain gold project is located in northwestern British Columbia, 15 kilometres northeast of the mining town of Stewart. In 2017, IDM announced the results of a positive feasibility study for a high-grade, underground gold mine, which includes primarily bulk underground mining methods and the production of gold dore on site. The project is advancing through the provincial and federal environmental assessment processes, with comprehensive, thorough and continuing consultation with the Nisga'a Nation.

We seek Safe Harbor.