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IMR.V ·

The Company is pleased to announce it has issued 1,565,017 common shares at a deemed price of $0.05 per

Corporate Updates

NEWS RELEASE

SHARES FOR DEBT

April 7th, 2020 Vancouver, B.C. – iMetal Resources Inc. (TSX -V: IMR) (the “Company”)

announces the following corporate updates:

Debt Settlement

The Company is pleased to announce it has issued 1,565,017 common shares at a deemed price of $0.05 per

share. The debt announced on April 2nd 2020 for an aggregate amount of $78,250.85 (“Debt Settlement”) has

now been extingiused.

ON BEHALF OF THE BOARD OF DIRECTORS,

“Johan Grandin”

President & CEO, iMetal Resources, Inc.

[email protected]

Tel. (604)-739-9713

510-580Hornby St., Vancouver, BC, V6C 3B6 / https://imetalresources.ca

iMetal Resources Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource

properties. iMetal is focused on advancing its Gowganda West Project in Ontario, Canada. iMetal trades on the TSX Venture Exchange

under the ticker symbol IMR. For further information, please call 604- 739-9713 or visit iMetal’s website at www.imetalresources.ca.

Neither 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.