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IMR.V ·

Imetal Resources Channel Samples 10 G/T GOLD at Gowganda WEST Zone 3A

Drill Results Exploration Programs Sampling & Geoscience Results

510 – 580 Hornby St., Vancouver, BC, V6C 3B6 Tel. (604) 739-9713 Trading Symbol (IMR – tsxv)

iMETAL RESOURCES CHANNEL SAMPLES

10 G/T GOLD AT GOWGANDA WEST ZONE 3A

November 2 3, 2018 - iMetal Resources Inc. (IMR-TSXV) (“IMR” or “the Company”) is pleased to

announce that ongoing exploration at its 105 sq. km Gowganda West Property has defined highly favorable

targets for upcoming first-ever drilling at Zone 3A, part of an apparent northeast trending structural corridor

that extends for at least 2.4 km south of Tahoe Resources’ Juby gold deposit.

Highlights:

• New assay data from recent channel sampling at Zone 3A provides additional support for a potential

grassroots drilling discovery;

• A system of quartz-carbonate veins, quartz stockworks and shear zones mineralized with pyrite and

chalcopyrite was intersected in most of 84 new channel sample s. Assays ranged in grade from

geochemically anomalous to 9.96 g/t Au and varied in length from 0.7 meters to 1.25 meters (only

gold assays have been completed to date);

• 15 samples assayed at least 1.3 g/t gold;

• Red jasper clasts identified elsewhere in the region near major deposits have been noted in

conglomerate in Zone 3A;

• The Timiskaming-type rocks, alteration and style of mineralization at Zone 3A share similarities

with the Kirkland Lake gold camp;

• An extensive logging operation at Gowganda West ha s helped reveal high -grade showings in

outcrop over a broad area between Zone 3A and Zone 3C.

Gary Grabowski, iMetal’s Advisory Board member who served as district geologist for Ontario’s Ministry

of Northern Development and Mines for more than 35 years, commented: “The Archean rocks of the

Gowganda area have been underexplored and offer excellent potential for new discoveries. This is a large

property that’s showing exciting possibilities at this early stage.”

Preparations are now underway to c arry out a series of first -ever drill holes at Zone 3A in an attempt to

determine continuity of mineralization to shallow depths.

Johan Grandin, iMetal President and CEO, commented: “IMR intends to be a leader in the reawakening of

the Gowganda region which has a rich mining history. Work at Gowganda West is continuing on multiple

fronts and we look forward to updating shareholders again in the very near future.”

Qualified Person

The technical content of this press release has been reviewed and approved by Mark Fedikow, Ph.D. P.Geo.,

a Qualified Person as defined under NI-43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Johan Grandin

President & CEO

iMetal Resources Inc.