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IMR.V ·

Imetal Resources Announces Option Grant

Share Capital & Compensation

iMETAL RESOURCES ANNOUNCES OPTION GRANT

VANCOUVER, British Columbia – February 5, 2025 – iMetal Resources Inc. (TSX.V: IMR)

(OTCQB: IMRFF) (FRANKFURT: A7V) (“ iMetal” or the “ Company”) announces that it has

granted 700,000 incentive stock options (the “ Options”) to certain directors, officers and

consultants of the Company in accordance with its stock option plan. The options shall vest

immediately and are exercisable at a price of $0.21 until February 5, 2030.

About iMetal Resources Inc.

iMetal is a Canadian-based junior exploration company focused on the exploration and

development of its portfolio of resource properties in Ontario and Quebec. The flagship property

Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at

0.85 g/t gold that borders the Juby Deposit and is located within the Shining Tree Camp area in

the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the

Timmins Gold Camp. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland

Lake, lies 5 kilometres W of Agnico Eagle’s Holt and Holloway Mine. Carheil is an exploration

stage project with multi-metal potential and previous graphite results. The project is about 170

km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon

President & CEO

iMetal Resources Inc.

[email protected]

Tel. (604-484-3031)

Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.

https://imetalresources.ca

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 release.

This release may contain forward-looking statements or forward-looking information under applicable

Canadian securities legislation that may not be based on historical fact, including, without limitation,

statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”,

“expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown

risks, uncertainties, and other factors which may cause the actual results, performance, or achievements

of iMetal to be materially different from any future results, performance, or achievements expressed or

implied by the forward-looking statements. These forward-looking statements are based on management’s

current expectations and beliefs and assume, among other things, the ability of the Company to

successfully pursue its current development plans, that future sources of funding will be available to the

company, that relevant commodity prices will remain at levels that are economically viable for the Company

and that the Company will receive relevant permits in a timely manner in order to enable its operations, but

given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such

forward-looking statements or information. The Company disclaims any obligation to update, or to publicly

announce, any such statements, events or developments except as required by law.