SCD.V · 2021-01-26 12:00:00

Imperial Mining Announces Grant of Options

Share Capital & Compensation

NEWS RELEASE

MONTREAL, QUEBEC – January 26, 202 1 – Imperial Mining Group Ltd. (“Imperialˮ or the

“Corporation”) (TSX VENTURE: IPG) announces that it has granted an aggregate of 4,700,000 incentive

stock options to certain directors, officers and consultants of the Corporation in accordance with the

Corporation’s stock option plan. The options are exercisable at a price of $0.225 per share for periods

between two and five years from the date of grant in accordance with their respective vesting provisions.

The options are subject to the approval of the TSX Venture Exchange.

Of the aggregate options granted by the Corporation today, directors and officers were granted a total of

3,050,000 options.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a new Canadian mineral exploration and development company focussed on the advancement

of its copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX

Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development

professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

For further information please contact:

Peter J. Cashin

President and Chief Executive Officer

Phone: +1 (514) 360-0571

CHF Capital Markets

Iryna Zheliasko, Manager-Corporate Communications

Phone: +1 (416) 868-1079 x229

Website: www.imperialmgp.com Twitter: @imperial_mining Facebook: Imperial Mining Group

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.