IEMR Resources Inc. Clarifies Technical Disclosure

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IEMR Resources Inc. Clarifies Technical Disclosure

Vancouver, Canada – May 15, 2012 – IEMR Resources Inc. (“IEMR” or the “Company”) (TSXV: IRI) announces that, as a result of a review by the British Columbia Securities Commission (the “BCSC”), it is issuing the following news release to clarify certain disclosure relating to the Pine Tree Project in Nevada, USA (the “Pine Tree Project”).

The BCSC has expressed concern that Shaun M. Dykes, MSc. (Eng), P.Geo, a co-author of the technical report dated February 20, 2012 prepared for the Company in respect of the Pine Tree Project (the “Technical Report”), might not be independent in accordance with the standard of independence contained in National Instrument 43-101 (“NI 43-101”). The Technical Report was required under NI 43- 101 to have been prepared by or under the supervision of independent qualified persons, as the Technical Report supported the Company’s first time disclosure on February 14, 2012 of mineral resources in respect of the Pine Tree Project (the “Pine Tree Mineral Resource Estimate”). Gary Giroux, P.Eng, MASc., the co-author of the Technical Report, prepared the mineral resource estimations contained in the Technical Report, and the BCSC has not questioned the independence of Mr. Giroux. Mr. Dykes was responsible for all aspects of the Technical Report except for the mineral resource estimation. Although the Company believes circumstances that might compromise Mr. Dykes’ independence are questionable, it has decided to arrange for another independent qualified person to assume responsibility for all of the information prepared by Mr. Dykes, with the goal of having a new technical report prepared in respect of the Pine Tree Project as soon as possible.

Until such time as the Pine Tree Mineral Resource Estimate is independently verified and supported by replacement technical report, the Pine Tree Mineral Resource Estimate is considered to be unsupported by a compliant NI 43-101 technical report, contrary to NI 43-101, and as such the Pine Tree Mineral Resource Estimate should not be relied upon.

In addition, as a result of the BCSC’s review, the Company also wishes to retract certain statements previously made by the Company on the Company’s website. The Company’s website previously disclosed the following: an exploration target of “+1 billion tons grading +0.06% molybdenum, +0.25% copper, 100 ppb rhenium, 2 grams of silver per ton, 0.1 grams of gold per ton with indium and gallium”, which estimate did not comply with sections 2.3(1)(a) and 2.3(2) of NI 43-101, as the disclosure contained the quantity and grade of a deposit that has not been categorized as a mineral resource or mineral reserve, and the disclosure of quantity and grade is not expressed using ranges nor does it provide information and mandatory cautionary language required by sections 2.3(2)(a) and (b) of NI 43-101. In addition, a part of the aforementioned estimate of the exploration target is now included within the inferred and indicated mineral resource estimates, and as such, the Company has retracted the aforementioned disclosure and replaced it on the Company’s website with the following disclosure:

“The target is 450 to 500 million tons grading between 0.05 and 0.07% molybdenum, 0.2 and 0.3% copper, 90 to 110 ppb rhenium, 1.9 to 2.1 grams of silver per ton, 0.08 and 0.12 grams of gold per ton based on the projection of the area drilled on the property to limits of visible mineralization on surface.

The target and the potential quantity and grade is conceptual in nature as there has been insufficient exploration work done to define Mineral Resources as defined by NI 43-101, and it is uncertain if further exploration would result in establishing the existence of Mineral Resources.”

IEMR intends to file a new technical report in respect of the Pine Tree Property prepared entirely by independent qualified persons, which technical report is to also correct certain typographical errors identified by the BCSC as part of its review.

Shaun M. Dykes, M.Sc. (Eng), P.Geo., is the Company’s qualified person for the Pine Tree Project who approved the disclosure of the scientific and technical information contained in this news release.

For further information, please contact:

IEMR Resources Inc.

Long Wang, Chief Financial Officer

Forward-looking information

This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the filing of the replacement technical report.

Forward-looking information is based on a number of material factors and assumptions, including the availability of an independent qualified person with sufficient knowledge of the Pine Tree Property to be able to prepare a new technical report with respect to the Pine Tree Property. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the failure of an independent qualified person to complete the replacement technical report in respect of the Pine Tree Property as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forwardlooking information.

NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.