Mr. Gary Sutherland reports

IMX CONFIRMS SIGNIFICANT GRAPHITE RESULTS AT THE CHILALO PROSPECT ON ITS NACHINGWEA PROPERTY

IMX Resources Ltd. had significant graphite potential within its Nachingwea property in southeast Tanzania, with rock chip sampling returning high-grade graphite results with assays of up to 29.6 per cent carbon. The majority of the rock chip sampling program was undertaken at the Chilalo prospect, located 25 kilometres to the northwest of the Ntaka Hill nickel sulphide project, as part of IMX's continuing evaluation of the regional mineral potential of Nachingwea. The program was highly successful with 65 rock chip samples returning grades of between 4.8 per cent and 29.6 per cent carbon, with an average grade of 12.9 per cent carbon. A total of 41 rock chips returned grades of greater than 10 per cent carbon.

IMX managing director, Gary Sutherland, said the identification of graphite mineralization within the Nachingwea property further reinforces the outstanding prospectivity of the company's Tanzanian exploration portfolio.

"Coming hard on the heels of our significant gold target at Kishugu, these graphite results provide IMX with an outstanding suite of exploration targets. We believe there is strong potential to define an economic resource within our extensive Nachingwea tenement package," he said

The Chilalo prospect is located within the Usagaran (Mozambique belt) system, which is known for hosting high-grade, coarse flake graphite deposits, such as Syrah Resources Ltd.'s Balama deposit and Uranex Ltd.'s Nachu project. In fact, Uranex's Nachu project is located immediately adjacent to the Chilalo prospect on IMX's eastern tenement boundary. An exploration target of 325 million tonnes to 490 million tonnes at 4- to 9-per-cent-total-graphite content is reported at a 2-per-cent TGC cut-off, and 55 million tonnnes to 115 million tonnes at 6- to 12-per-cent-total-graphite content at a 5-per-cent TGC cut-off. The graphite is at the coarse end of flake size, a size that commands a significant premium.

Exploration target tonnage quantity and grades estimates are conceptual in nature only. These figures are not a mineral resource estimate as defined by the 2012 edition of the Australasian code for reporting of exploration results, mineral resources and ore reserves or National Instrument 43-101, as insufficient exploration has been conducted to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. A versatile time domain electromagnetic geophysical survey has been completed over the majority of the Nachingwea property, targeting nickel sulphides, and has identified numerous anomalies which are likely to be associated with graphite mineralization. At Chilalo, geological mapping indicates that the graphitic-bearing units are up to 500 metres wide, at surface, and extend over several kilometres of strike and open to the northeast and southwest.

Next steps

The company now intends to analyze the VTEM data to prioritize the strongest conductors, which show the greatest potential for large volumes and/or high grades. Drilling of priority targets is expected to commence in October, 2014.

The Nachingwea property is the subject of a joint venture agreement with MMG Exploration Holdings Ltd., under which it may earn up to a 60-per-cent interest by completing up to $60-million of expenditure. MMG has recently advised that it has almost spent its $10-million Stage 1 expenditure, the completion of which entitles it to a 15-per-cent interest in the Nachingwea property.

   CARBON GRADES FROM ROCK CHIP SAMPLES 
 
Sample ID   Carbon (%)  Sample ID   Carbon (%)

37977S          11.15      55001S       13.95
37978S          10.65      55002S        8.86
37979S           4.81      55004S        8.83
37980S           9.42      55005S       15.20
37981S           9.82      55006S       19.50
37982S           9.87      55007S       16.45
37983S           9.59      55008S        7.25
37984S          15.05      55009S       23.30
37985S          10.30      55010S       13.40
37986S          10.35      55011S       10.85
37987S          14.80      55012S       14.85
37988S           9.48      55013S       19.75
37989S          29.60      55014S       12.50
37990S           7.35      55015S        7.22
37991S          25.20      55016S        7.57
37992S          17.15      55017S       10.05
37993S           8.56      55018S        6.28
37994S           7.78      55019S       11.30
37995S           8.56      55020S        4.90
37996S           9.97      55021S        8.11
37997S          11.95      55022S        5.87
37998S           9.34      55023S       18.60
37999S          11.25      55024S       28.30
38000S          10.30      55025S        9.81
41751S          17.55      55026S       11.70
41762S          17.50      55027S       23.50
41763S          10.60      55028S       16.65
41764S          12.40      55029S       29.30
41765S          11.70      55030S       13.65
41766S          19.50      55031S       16.70
41767S          14.70      55033S        8.79
41768S          16.70      55035S        7.50
41769S          18.75      55036S        7.18
41770S           8.81      55037S       15.25
41771S           8.36      55038S       11.50
41772S          12.05      55039S       10.90
41793S          16.95      57040S        7.98
41794S          11.95      57044S        6.43

We seek Safe Harbor.