Mr. Johan Grandin reports

IMETAL RESOURCES RECEIVES AIRBORNE GEOPHYSICAL RESULTS - NEW MAJOR EXLORATION TARGETS IDENTIFIED.

iMetal Resources Inc. has received the results of a helicopter-borne versatile time domain electromagnetic (VTEM) and horizontal magnetic gradiometer geophysical surveys covering the upper half of the Gowganda West project, located 20 kilometres from Gowganda, Ont., and 90 kilometres from Kirkland Lake, Ont. The property is accessible year-round by road and serviced by excellent infrastructure.

VTEM and magnetics survey

Based on the geophysical results obtained over a total area coverage of 42 square kilometres and total survey line coverage of 589 line kilometres, iMetal has identified three large EM anomalous zones and all have been described as good conductors as provided by Geotech. These EM anomalous zones also have associated magnetic anomalies. The three defined targets exhibit different depths of burial as indicated on the three-dimensional resistivity depth image (RDI) block model. The EM anomalous targets that have been identified on the property are in areas that are yet to be explored by the iMetal's team.

These airborne EM anomalies will be followed up with ground geophysical induced polarization (IP) surveys to ground proof the VTEM anomalies and locate potential drill targets. A follow-up diamond drilling program will be planned to carry out testing of prioritized targets.

Johan Grandin, iMetal president and chief executive officer, commented: "We are very excited about the results of the VTEM survey over Gowganda West. The results have identified several major new exploration targets, including targets that are near surface and with substantial strike lengths. The results of this survey demonstrate that we are yet to fully explore the most prospective and largest targets in our land package. We intend to drill these targets in Q2 2019."

The location of the VTEM anomalies with a scalable map can be found on the company's website.

The technical content of this news release has been reviewed and approved by Dave Gamble, professional geoscientist, a qualified person as defined under National Instrument 43-101.

About iMetal Resources Inc.

iMetal is a Canadian-based exploration company focused on the acquisition and exploration of prospective resource properties. iMetal is focused on advancing its Gowganda West project in Ontario, Canada. iMetal trades on the TSX Venture Exchange.

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