Private Placement

TSX.V: IMR

News Release – April 8, 2016

PRIVATE PLACEMENT

Vancouver, BC – iMetal Resources Inc. (IMR: TSXV) (the “Company”) announces its intention to undertake a non-brokered private placement to raise $400,000 through the sale of 8,000,000 common shares (the “Shares”) at $0.05 per Share, (the “Private Placement”).

In conjunction with the Private Placement, the Company may pay finder’s fees in cash or Shares, all in accordance with TSXV Policies.

The Company may increase the size of the Private Placement if there is sufficient demand.

All securities to be issued pursuant to the Private Placement will be subject to a hold period of four months and a day in accordance with the rules and policies of the TSXV and applicable Canadian securities laws. Final closing remains subject to TSXV approval.

Proceeds from the Private Placement will be used to advance certain of the Company’s mineral property interests, to potentially acquire additional mineral property interests, and for general working capital purposes.

iMetal Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

“Johan Grandin”

Johan Grandin

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

{00483915;1} 510 – 580 Hornby Street, Vancouver, B.C., V6C 3B6 (604)-739-9713