Mr. Brian Kynoch reports

RED CHRIS MINE RECEIVES MAJOR REGULATORY AUTHORIZATIONS FOR BLOCK CAVE PROJECT

The Province of British Columbia has granted key authorizations approving the transition of Imperial Metals Corp.'s Red Chris mine from open-pit operations to a block cave mine. The authorization of an amended environmental assessment certificate, following a consent-based framework with the Tahltan Nation, and an amended Mines Act authorization effectively permit an extension of mine life into the mid-2040s.

The Red Chris mine is situated in an emerging world-class mining district boasting significant mineralization, access to reliable, clean hydroelectric power, port access, governmental support and strong first nations economic leadership. A definitive feasibility study and a detailed cost estimate are being completed by Newmont Corp. as operator of the Red Chris mine. During this phase, the Red Chris block cave is expected to generate over 1,800 construction jobs, sustain approximately 1,500 peak-season operating roles and increase Canada's copper production by roughly 15 per cent.

"With the authorizations granted by the province and the support of the Tahltan Nation, the stage has been set for the development of Red Chris into a block cave mine. These approvals are a critical step in advancing a final investment decision by the joint venture partnership (Newmont Corp. 70 per cent, Imperial 30 per cent) expected later this year. That keystone decision will unlock the potential for Red Chris to become a significant, multigenerational mine," said Brian Kynoch, president of Imperial.

About Imperial Metals Corp.

Imperial is a Vancouver-based exploration, mine development and operating company with holdings that include the Mount Polley mine (100 per cent), the Huckleberry mine (100 per cent) and the Red Chris mine (30 per cent). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

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