iMetal Resources Inc. modifies incentive stock options granted

January 30, 2018

iMetal Resources Inc. modifies incentive stock options granted January 17, 2018 and total

private placements numbers reported on December 17, 2017

iMetal Resources Inc. (IMR – tsxv) (“iMetal” or “the company”) reports that it has modified a press

release issued December 17, 201 7, in which it granted 2,000,000 incentive stock options to

directors, officers, and consultants at an exercise price of $0.15 per share for a period of five -

years. Of the 2,000,000 granted, directors and officers have voluntarily returned 1,850,000 - to

iMetal for further granting in the future. Should any of the returned options be re -granted within

the next six -months - to any officer or director now returning th em – they will be granted at a

minimum exercise price of not less than $0.15 per share. Therefore, the amount of options granted

on December 17, 2017, is 150,000 options at an exercise price of $0.15 per share for five -years

to Consultants.

iMetal also wishes to modify the total number of shares and warrants issued via its recent private

placement reported on December 19, 2017, by increasing the number of shares and warran ts

issued by 100,000. The correct total amounts issued are: 7,044,950 shares and 7,044,950

warrants. These correct numbers have been accepted and reported by the TSX Venture

Exchange in a bulletin issued January 19, 2018.

This Press Release was prepared by iMetal Resources Inc. Neither the TSX Venture

Exchange nor its Regulation Services Provider (as that term is defined in the Policies of

the TSX Venture Exchange) has reviewed no r accepts responsibility for he adequacy or

accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS,

Brian Fagan

President & CEO, iMetal Resources Inc.

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