Mr. Brian Thurston reports

INTERNATIONAL METALS COMPLETES SHARES FOR DEBT TRANSACTION

Further to its news release of Feb. 12, 2025, International Metals Mining Corp. has settled an aggregate of $518,238.36 in debt owing to certain arm's-length creditors and non-arm's-length creditors of the company.

In connection with the shares for debt transactions, the company has issued: (a) 5,216,510 units at a deemed price of 7.5 cents per unit, whereby each unit comprises of one common share of the company and one transferable share purchase warrant, with each warrant convertible into an additional share at an exercise price of 15 cents per warrant share for a period of 24 months from the date of issuance, to settle an aggregate of $391,238.36 in debt that was owed to certain arm's-length creditors; and (b) 1,693,333 shares at a deemed price of 7.5 cents per share in order to settle an aggregate of $127,000 in debt that was owed to executive officers, or corporations held thereby, of the company.

The following insiders of the company participated in the shares for debt transactions: (i) Brian Thurston, chief executive officer and director of the company, received 933,333 shares to satisfy $70,000 that was owed by the company; and (ii) a corporation held by Dong Shim, chief financial officer of the company, received 760,000 shares to satisfy $57,000 that was owed by the company. The participation of insiders in the shares for debt transactions is considered a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company expects that it will be exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the insiders' participation in the shares for debt transactions in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the shares for debt transactions by the insiders will not exceed 25 per cent of the fair market value of the company's market capitalization. The company did not file a material change report more than 21 days before the closing of the shares for debt transactions as the details of the participation therein had not been confirmed until shortly prior to closing of the shares for debt transactions.

All securities issued pursuant to the shares for debt transactions and any shares that may be issuable on the exercise of warrants are subject to a statutory hold period expiring July 27, 2025, being the date that is four months and one day from the date of issuance in accordance with applicable securities legislation. The shares issued to insiders are also subject to a concurrent exchange hold period (as such term is defined in the policies of the TSX Venture Exchange).

About International Metals Mining Corp.

International Metals Mining is a Canadian company engaged in the acquisition, exploration and development of mineral properties focusing on battery metals and mineral assets. The company is focused on its 100-per-cent-owned copper-gold porphyry property in Peru.

We seek Safe Harbor.