Red Chris Exploration and Mount Polley Update
imperialmetals.com
News Release
Red Chris Exploration and Mount Polley Update
Vancouver | December 8, 2021 | Imperial Metals Corporation (the “Company”) (TSX:III) reports further drilling results
continue to expand the mineralization at the East Ridge zone at the Red Chris mine. Hole RC739 returned 390 metres at
0.48% copper and 0.63 g/t gold from 1,088 metres, including 44 metres at 1.3% copper and 2.0 g/t gold from 1,402 metres.
This hole is located 100 metres east of RC727 (previously reported). Hole RC745 located a further 100 metres east of RC739,
returned 366 metres of 0.57% copper and 0.45 g/t gold from 728 metres, including 36 metres at 1.2% copper and 1.4 g/t
gold from 960 metres. The mineralization at East Ridge is open to the east and at depth with ongoing drilling to define the
extents.
Brian Kynoch, President of Imperial Metals, said, “The East Ridge zone is well located, as the exploration ramp being driven
to access the top of the deep East Zone is about 200 met res to the north of the East Ridge zone and could provide access
for both underground drilling and potentially underground development. Drilling continues to expand the zone, with
drillhole RC739 located 100 met res east of RC727 returning 390 metres grading 0.48% copper and 0.63 g/t gold, including
a 44 metre interval grading 1.3% copper and 2.0 g/t gold.”
Red Chris - Significant results since the September 2021 Quarterly Exploration Report:
Hole ID From (m) To (m) Width (m) Copper (%) Gold (g/t)
RC735 888 1128 240 0.53 0.49
including 1012 1114 102 0.59 0.82
including 1068 1092 24 0.68 1.4
RC739 1088 1478 390 0.48 0.63
including 1302 1372 70 0.49 0.68
including 1402 1446 44 1.3 2.0
RC745 728 1094 366 0.57 0.45
including 958 1016 58 1.0 1.1
including 960 996 36 1.2 1.4
RC747 706 1012 306 0.39 0.28
including 880 926 46 0.86 0.77
including 896 916 20 1.2 1.1
The East Ridge zone, located in the porphyry corridor about 300 metres along strike east of the East Zone, is outside of the
current Mineral Resource estimate . The drilling has confirmed continuity of the East Ridge zone mineralization (>0.4%
copper and >0.4 g/t gold) over dimensions of 600 metre high, 500 metre long and 125 metre wide, and with the higher
grade (>0.8% copper and >0.8 g/t gold) over 500 metre high, 300 metre long and 100 metre wide. The mineralization
remains open to the east and at depth. Drilling is ongoing with 18 holes completed and four in progress. The follow up
drilling is being completed with angle holes on a nominal 100 metre by 100 metre grid.
The Company has taken initial steps towards recommencement of operations at Mount Polley mine. Stripping operations
began in November and about 344,000 tonnes of material were mined during the month. This work is being undertaken to
complete the stripping required to enable milling operations to restart in 2022. Mechanical and electrical contractors
continue to work on refurbishing the plant, including work on tailings slurry and reclaim water pipeline s and pumps,
crushers, conveyors, screens, grinding mills and plant water systems. In early December, the crushing plant was
commissioned and a trial of the crushing plant was successfully completed providing crush material for winter road
maintenance. The Mount Polley management team is targeting the plant to be ready for a Spring 2022 restart of plant
operations.
imperialmetals.com
Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National
Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the
2021 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using
blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay
intervals reported represent apparent widths. Insufficient geol ogical information is available to confirm the geological
model and true width of significant assay intervals.
Cross sections, drillhole data and plan view map are available on the Company’s website at www.imperialmetals.com.
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About Imperial
Imperial is a Vancouver based exploration, mine development and operating company. The Company, through its
subsidiaries, owns a 30% interest in the Red Chris mine, and a 100% interest in both the Mount Polley and Huckleberry
copper mines in British Columbia.
Company Contacts
Brian Kynoch | President | 604.669.8959
Jim Miller-Tait | Vice President Exploration | 604.488.2676
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this news release are not statements of historical fact and are “forward -looking”
statements. Forward-looking statements relate to future events or future performance and reflect Company managemen t’s
expectations or beliefs regarding future events and include, but are not limited to, statements regarding the Company’s
expectations with respect to current and further drilling at Red Chris, including plans to expand and define the extent of
mineralization at the East Ridge zone; the belief of potential access for both underground drilling and underground development
at the East Ridge zone; and the expectations and timing for restart of plant operations at Mount Polley mine.
In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "outlook", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very
nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements.
In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based
on information currently available to the Company as well as the Company’s current beliefs and assumptions. These factors and
assumptions and beliefs and assumptions include, the risk factors detailed from time to time in the Company’s interim and
annual financial statements and management’s discussion and analysis of those statements, a ll of which are filed and available
for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward -looking state ments, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond the
Company’s ability to control or predict. There can be no assurance that forward -looking statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these
cautionary statements . Such information is given only as of the date of this news release. The Company does not assume any
obligation to update its forward -looking information to reflect new information, subsequent events or ot herwise, except as
required by law.