Mr. Dave Gamble reports

IMETAL SIGNS CONTRACT WITH ABITIBI GEOPHYSICS INC. AND LAUNCHES GROUND IP SURVEY AT GOWGANDA WEST PROPERTY IN ONTARIO

iMetal Resources Inc. has provided near-term exploration activities at the company's 150-square-kilometre Gowganda West property in Ontario, which is contiguous to Pan American Silver's four-million-ounce Juby gold deposit.

iMetal has contracted Abitibi Geophysics Inc. to perform IP surveys using Abitibi's proprietary OreVision IP system. The IP survey will start at iMetal's two primary target zones, zone 1 south (refer to press releases dated Nov. 28, 2018, March 1, 2019, and May 16, 2019) and zone 3A/3B (refer to press releases Nov. 9, 2017, Jan. 25, 2018, Feb. 14, 2018, April 23, 2018, and Nov. 23, 2018) at Gowganda West in Ontario.

The high-resolution and deep penetrating proprietary geophysical survey can penetrate down to a depth of 440 metres. The line spacing interval will be 100 metres and cover a total of 46.5 line kilometres. Deployment of the survey at these two priority zones will help to identify immediate new drill targets at Gowganda West.

iMetal's newly discovered zone 1 south is just a few hundred metres south of the Juby deposit property boundary with grab and channel samples which assayed up to 39.3 grams per tonne gold featuring a trending north-south system. This area identified by the VTEM survey target area Z-1A and confirmed by recent drilling follows an apparent geological north-south trend six kilometres to the south to zone 3A/3B where high-grade gold and copper showings have been found, including grab and channel samples of up to 56.6 grams per tonne gold and 2.6 per cent copper.

This summer's exploration activities will include conducting and interpreting additional IP and identifying multiple drill targets on the Gowganda West property. With the identification of the seven anomalies outlined by Geotech (refer to May 16, 2019, news release), iMetal is encouraged and confident that there is a high probability of identifying two to three more priority targets this summer. iMetal is in regular communication with La Framboise drilling, which is eagerly awaiting IP results and have a drill rig ready to be deployed once drill targets have been finalized.

Dave Gamble, PGeo, and iMetal's qualified person, commented: "The propriety IP surveys should provide us with immediate drill targets this summer in several locations. This is the primary geophysical survey method that was used historically to identify and explore the Juby deposit a few years ago. As we keep exploring, we see the same alteration and rock types as well as lithologies such as red jasper(s) in pebbles and boulder conglomerate from the recently identified zone 1 south down to zone 3A in an apparent six km north-south trend with secondary fault system(s) along it.

"We are currently sampling in the areas in between and around our geophysical targets also in the vicinity. Extensive clear cutting and logging operations at Gowganda West have been critical factors in giving us important access and also exposing new very favourable outcrop with potential for high-grade gold and copper mineralization. Our exploration team is currently working diligently, exploring and sampling in this area."

The location of the IP surveys can be found on the company's website.

Qualified person

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

iMetal Resources 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.

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