International Metals Completes Shares FOR Debt Transaction

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INTERNATIONAL METALS COMPLETES SHARES FOR DEBT TRANSACTION

Vancouver, British Columbia (January 20, 2026) – International Metals Mining Corp. (the

“Company”) (TSXV: IMM) (OTC PINK: CYNXF) (FSE: C2Y) announces it has received final approval

from the TSX Venture Exchange to settle an aggregate of $855,001.95 in debt (the “Shares for Debt

Transactions”) owing to certain arm’s-length creditors and non-arm’s-length creditors of the Company.

Debt Transaction

Pursuant to the Shares for Debt transactions, the Company has settled an aggregate of:

• $780,011.95in debt owing to the arm’s-length creditors by issuing 7,800,119 units (each, a “Unit”)

at a deemed price of $0.10 per Unit, whereby each Unit shall be comprised of one (1) common share

of the Company (“Share”) and one (1) Transferrable share purchase warrant (“Warrant”), with

each Warrant convertible into an additional Share (a “Warrant Share”) at an exercise price of $0.15

per Warrant Share for a period of 24 months from the date of issuance; and

• $74,990.00 in debt owing to an executive officer, or corporation held thereby, of the Company by

issuing 749,900 Shares at a deemed price of $0.10 per Share.

The following insider of the Company (“Insider”) participated in the Shares for Debt Transactions - Brian

Thurston, Chief Executive Officer and Director of the Company, received 749,900 Shares to satisfy

$74,990.00 owed by the Company. The participation of the Insider 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 (“MI 61-101”). The Company is exempt from the requirements to

obtain a formal valuation and minority shareholder approval in connection with the Insider’s 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 Insider does not exceed 25% of the fair

market value of the Company’s market capitalization.

All securities issued pursuant to the Shares for Debt Transactions, and any Shares that may be issuable on

the exercise of Warrants, will be subject to a statutory hold period expiring four months and one day from

the date of issuance in accordance with applicable securities legislation. The Shares issued to Insiders will

also be subject to a concurrent Exchange Hold Period (as such term is defined in the policies of the TSX

Venture Exchange).

INTERNATIONAL METALS MINING CORP.

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About International Metals Mining Corp.

International Metals Mining Corp. is a Canadian company engaged in the acquisition, exploration, and

development of mineral properties focusing on critical metals and mineral assets. The Company is focused

on its 100% owned copper-gold porphyry property in Peru.

International Metals Mining Corp.

Per: Brian Thurston

President and Chief Executive Officer

Tel: +1 778 928-6565

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-Looking Information

This news release contains certain “forward -looking information” and “forward-looking statements”

(collectively “forward-looking statements”) within the meaning of applicable securities legislation.

Forward-looking statements are frequently, but not always, identified by words such as “expects”,

“anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or

statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved. All

statements, other than statements of historical fact, included herein, without limitation, statements relating

to the Shares for Debt Transactions, including the issuance of securities contemplated thereby, and the

receipt of all required approvals, including the acceptance of the TSX Venture Exchange, are forward-

looking statements. There can be no assurance that such statements will prove to be accurate, and actual

results and future events could differ materially from those anticipated in such statements. Forward-looking

statements reflect the beliefs, opinions and projections on the date the statements are made and are based

upon a number of assumptions and estimates that, while considered reasonable by the Company, are

inherently subject to significant business, economic, competitive, political and social uncertainties and

contingencies. Many factors, both known and unknown, could cause actual results, performance or

achievements to be materially different from the results, performance or achievements that are or may be

expressed or implied by such forward-looking statements and the Company has made assumptions and

estimates based on or related to many of these factors. Such factors include, without limitation, the ability of

the Company to obtain acceptance of the Shares for Debt Transactions by the TSX Venture Exchange. All

forward-looking statements contained in this news release is qualified by these cautionary statements and

those in the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers

should not place undue reliance on the forward-looking statements contained in this news release concerning

these items. The forward-looking statements contained in this press release are made as of the date hereof,

and the Company does not assume any obligation to update the forward -looking statements of beliefs,

opinions, projections, or other factors, should they change, except as required by applicable securities laws.