Mr. Khurram Shroff reports

IMINING TECHNOLOGIES INC. PROVIDES A STRATEGIC UPDATE

iMining Technologies Inc. continues to be under a cease trade order. The company wishes to assure the investors that it is actively addressing the issues that led to this situation.

The company discloses that, due to the non-filing of audited annual financial statements, the corresponding interim financial statements, management's discussion and analysis, and certifications, the company's shares continue to be cease traded.

As previously announced, iMining has experienced unexpected delays in consolidating financial information and accounting for its acquisition of BitBit Financial and the launch of Metaverse Advisory Group, focusing on its Web3.0 operations, under international financial reporting standards. However, the company is actively and expeditiously working with its auditor to complete the required filings.

In the meantime, iMining is excited to share that it has strategically expanded its focus into the dynamic field of artificial intelligence. This move positions the company to capitalize on the tremendous growth within this sector. The senior management team is fully engaged in driving these initiatives forward, and significant updates will be shared through coming news releases.

iMining remains committed to navigating through this challenging period, and appreciates the continued support and understanding of its investors. The senior management team of iMining remains confident that the strategic initiatives, particularly in the AI sector, will contribute to the long-term success and value creation for its shareholders.

About iMining Technologies Inc.

iMining is a publicly listed technology company which, together with its subsidiaries, acquires, builds and manages future technology companies in Canada. The company's industry-specific technology businesses provide specialized and innovative solutions in future technologies and serve private sector markets. iMining is headquartered in Vancouver, Canada.