IM Exploration Inc. Cancels Previously Announced Private Placement

IM Exploration Cancels Previously Announced Private Placement

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Toronto, Ontario, June 16, 2020 – IM Exploration Inc. (CSE: IM) (the "Company”) announces that it has determined not to proceed with the non-brokered private placement (the “Financing”) originally announced on March 11, 2020. The Company’s engagement letter with First Republic Capital Corporation in respect of the Financing will be allowed to expire on June 30, 2020 in accordance with its terms.

About IM Exploration Inc.

The Company is a mineral exploration company with an option on the Mulloy Graphite Project in Northern Ontario.

For further information contact:

Joel Freudman President and Chief Executive Officer Tel: (647) 880-6414

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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