Mr. Phil Hoskins reports

IMX COMPLETES PLACEMENT OF SHORTFALL SHARES

IMX Resources Ltd. has placed 145,833,333 shortfall shares from its recent non-renounceable entitlement offer, raising a total of approximately $1.7-million. The details of the entitlement offer were announced on Nov. 17, 2014, and Dec. 10, 2014.

IMX's acting chief executive officer, Phil Hoskins, said the company was pleased with the strong response to the shortfall placement: "This is a solid result which puts the company on a strong footing moving into 2015. The shortfall placement, combined with the cash to be received on completion of the recent Ntaka Hill transaction with Fig Tree, will together provide cash proceeds of $7.7-million. These funds will allow for the rapid and thorough assessment of the emerging Chilalo graphite project, drilling of the Kishugu gold prospect and development of a pipeline of other regional targets within the extensive Nachingwea property once the Tanzanian wet season abates in April to May, 2015. Importantly, the shortfall placement is expected to provide sufficient working capital to cover the expected completion date of the Fig Tree transaction. For this reason, we have taken the decision to avoid further dilution from the placement of any further shortfall shares at such a low valuation."

The directors have waived the right under Australian Securities Exchange listing Rule 7.2 to place the balance of the shortfall shares (93,670,259) within three months of the entitlement offer closing date. The shortfall placement was managed by Canaccord Genuity (Australia) Ltd.

We seek Safe Harbor.