Iemr Announces Non-Brokered Private Placement of $2,800,000

IEMR RESOURCES INC.

1500 West Georgia Street, Suite 1300 Vancouver, British Columbia V6G 2Z6

TSXV: IRI March 24, 2016

IEMR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $2,800,000

(Vancouver, March 24, 2016) – IEMR Resources Inc. (TSXV: IRI) (the “Company”) is pleased to announce that it has arranged a non-brokered private placement to raise gross proceeds of $2,800,000 through the issuance of 56,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.05 per share for nine months from the closing date of the private placement. On closing of the private placement, IEMR Group Limited, who will purchase 42,000,000 units in the private placement, will own approximately 50% of the Company's outstanding common shares on closing and will therefore become a new 'control person'. IEMR Group Limited is a private Hong Kong company wholly-owned by Zheng Fu, who is the son of Mr. Hongxue Fu, the Company’s Chief Executive Officer and a director. Mr. Zheng Fu will become a director of the Company on closing of the private placement and Mr. Yi Ming Xie will resign as a director.

The Company intends to use the proceeds of the private placement to (a) pay outstanding loans to the Company totalling approximately CAD$2.7 million that were loaned primarily by International Energy & Mineral Resources Investment (Hong Kong) Company Limited ("IEMR HK"), which is a company controlled by Mr. Fu, the Company’s CEO, and his wife, and (b) for working capital.

The common shares and any warrant shares issued under the private placement will be subject to a fourmonth hold period from the closing date of the private placement.

The private placement is subject to the approval of the TSX Venture Exchange and, if required, shareholder approval.

IEMR HK has agreed to sell to the Company its 9 million previously issued common shares of American CuMo Mining Corporation ("CUMO") (TSXV: MLY) in exchange for the issuance of 15,300,000 common shares of the Company (the "IEMR Shares") to IEMR HK. The market value of the 9 million CUMO shares to be purchased by the Company is $765,000, based on the closing price of $0.085 for CUMO's shares on March 23, 2016. The number of IEMR Shares to be issued in exchange for the CUMO shares was calculated using the deemed price of $0.05, which is much higher than the current market price of the Company's shares. The closing price of the Company's shares on March 23, 2016 was $0.005. The purchase of the CUMO shares from IEMR HK is therefore a favourable transaction for the Company in light of the current market value of the CUMO shares. The purchase of the CUMO shares and the issuance of the IEMR Shares to IEMR HK is subject to the approval of the TSX Venture Exchange.

About IEMR Resources Inc.

IEMR is a junior mining company listed on the TSX Venture Exchange under the symbol “IRI”. The Company is directly tied to and has been formed from capital sources in China and Canada. IEMR is devoted to taking full advantage of its capital by participating in mineral and energy projects ranging from exploration, development, production, processing, smeltering and mineral trade with a long-term view. The Company’s emphasis is on the Chinese and Canadian markets utilizing the capital stemming from China and the resources and market of Canada to create a maximum return for shareholders. The

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Company’s investment priorities ranked in order are copper, chromium, nickel, manganese, uranium, platinum silver, diamonds and molybdenum. Investment and or acquisitions in exploration projects, will be focused in chromium, manganese, uranium and potash. The Company has already formed alliances of cooperation with large smeltering steel, copper, lead, zinc and aluminum companies.

For further information on IEMR, please refer to the Company’s profile on SEDAR at www.sedar.com or the Company’s website at www.iemr.ca.

On behalf of the Board of Directors of

IEMR RESOURCES INC.

"Hongxue Fu"

Hongxue Fu Chief Executive Officer

For further information, contact:

Charles Yuen, Chief Financial Officer IEMR Resources Inc.

Tel: (604) 877-8563 Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV accepts responsibility for the adequacy or accuracy of this release.

AC/4156954.3