iMetal Resources Appoints Morgan Verge, P.Geo., to Lead Exploration New technical leadership follows the Company's $3.0 million private placement and board and management additions as iMetal advances Gowganda West
iMetal Resources Appoints Morgan Verge,
P.Geo., to Lead Exploration
New technical leadership follows the Company's $3.0 million
private placement and board and management additions as
iMetal advances Gowganda West
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2026) - iMetal Resources Inc. (TSXV:
IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that Morgan
Verge, P.Geo., has been appointed Vice President, Exploration, effective immediately. She will lead the
Company's exploration strategy and program execution, including advancement of its flagship
Gowganda West gold project in Ontario.
"Ms. Verge's appointment adds proven technical leadership to iMetal at a pivotal stage in its
development," said Saf Dhillon, President and CEO of iMetal. "Her more than 15 years of experience
designing and executing exploration programs across Canada—from grassroots work through
advanced-stage drilling in gold and critical minerals—will strengthen our ability to advance Gowganda
West. Together with $3.0 million in new capital, a strengthened board, and an expanded management
team, her appointment positions us to develop our assets and build durable value for shareholders."
Ms. Verge is a Professional Geoscientist with more than 15 years of experience in mineral exploration
and mining across Canada, spanning grassroots exploration through advanced-stage projects in gold
and critical minerals. She has planned and managed programs involving geological mapping and
prospecting, geophysical surveys, drilling, geological modelling, target generation, and technical
reporting. Her work has included technical and management roles with junior exploration and mining
companies on projects in Ontario, Nova Scotia, British Columbia, and elsewhere in Canada.
Ms. Verge is the founder and President of Verge Geological Consulting Ltd. and also serves as
President of the Nova Scotia Prospectors Association. She holds a B.Sc. in Earth Sciences from
Carleton University and is registered as a Professional Geoscientist in Nova Scotia, Ontario, and British
Columbia.
The appointment follows a series of measures to position iMetal for its next phase of growth. On August
18, 2026, the Company closed a non-brokered private placement of 30,000,000 units at $0.10 per unit
for gross proceeds of $3,000,000. McFarlane Lake Mining Limited (CSE: MLM) subscribed for
14,200,852 units, giving it an approximate 19.9% interest in the Company, the right to nominate one
director, and the opportunity to advise on exploration activities at Gowganda West. With capital,
governance, and technical leadership now aligned, iMetal intends to advance Gowganda West in one of
Canada's most established and prolific gold-producing districts.
In connection with Ms. Verge's appointment, the Company granted her 100,000 incentive stock options
(the "Options"). The Options vested immediately and are exercisable at $0.195 per share until
September 17, 2031.
About iMetal Resources Inc.
iMetal is a Canadian junior exploration company focused on gold and critical mineral resource
properties in Ontario and Quebec. Its flagship property, Gowganda West, is an exploration-stage gold
project located near McFarlane Lake Mining Limited's Juby Project in the Shining Tree Camp area of
the southern Abitibi Greenstone Gold Belt, about 100 km south-southeast of the Timmins Gold Camp.
Drilling in the project's West Zone, announced in February 2026, returned 278.35 m at 0.424 g/t gold in
hole IMGW-25-06, including 62.25 m at 0.61 g/t gold and 16.65 m at 1.24 g/t gold, complementing the
2023 discovery hole of 48.5 m at 0.85 g/t gold. Gowganda West is also contiguous with the Knight
project, part of the strategic partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd.
Carheil is an exploration-stage project with multi-metal potential and previous graphite results, located
about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. In August 2026,
McFarlane Lake Mining Limited (CSE: MLM), iMetal's neighbour at Gowganda West and owner of the
adjoining Juby Gold Project, completed a strategic investment that made it the Company's largest
shareholder and directly endorsed the Gowganda West land package.
ON BEHALF OF THE BOARD OF DIRECTORS
,
Saf Dhillon
President and CEO
iMetal Resources, Inc.
Tel. (604) 484-3031
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
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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.
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