Imperial Mining Announces Grant of Options

NEWS RELEASE

Imperial Mining Announces Grant of Options

MONTRÉAL, QU ÉBEC – August 10, 202 1 – Imperial Mining Group Ltd. (“Imperialˮ or the

“Corporation”) (TSX VENTURE: IPG) announces that it has granted an aggregate of 2,200,000 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 $0.12 per share for a period of

five years from the date of grant without vesting period. Of the aggregate options granted by the Corporation

today, directors and officers were granted a total of 1,250,000 options.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its

technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG”

and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and

development p rofessionals 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

Email: [email protected]

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.