2017-04-07 New Release iMetal Announces Amended Private Placement Terms iMetal Resources, Inc (“IMR” or the “Company”) announces that it has revised the terms of the non-brokered private placement financing as previously announced by press release on March 1,

2017-04-07 New Release

iMetal Announces Amended Private Placement Terms

iMetal Resources, Inc (“IMR” or the “Company”) announces that it has revised the terms of the

non-brokered private placement financing as previously announced by press release on March 1,

2017 and April 5, 2017.

The revised terms of the financing provide for the issuance of 16,500,000 units for gross proceeds

of $825,000.00 Each Unit consists of one common share (the “Shares”) and one share purchase

warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional common

share, exercisable at a price of $0.06 per share for a period of 24 months from the date of issue.

All securities issued under the private placement are subject to a mandatory hold period off four

months plus one day following the closing of the private placement. The Company will pay finder’s

fees totaling $20,500 and 410,000 finder’s warrants exercisable at a price of $0.06 per share for

a period of 24 months from the date of issue.

The proceeds of this private placement will be used for working capital and for property

development.

ABOUT iMetal Resources, Inc: iMetal is an emerging company focused on the exploration and

development of a number of projects in Ontario and Quebec. With a broad management

experience in junior resource exploration and development. iMetal is well position ed to

aggressively advance this promising property portfolio for its shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS,

Johan Grandin

CEO, IMetal Resources Inc.