IM Exploration Commences Preparatory Work for Mulloy Project
IM Exploration Commences Preparatory Work for Mulloy Project
Toronto, Ontario, July 3, 2019 – IM Exploration Inc. (CSE: IM) (the "Company”) is pleased to
announce advancements made on the preparatory work necessary to conduct an exploration
program at its Mulloy Graphite Project (the “Property”).
In order to facilitate geophysical work expected to consist of magnetic and electromagnetic
surveys, and a subsequent limited drilling program, the Company has applied to the Ontario
Ministry of Energy, Northern Development and Mines to obtain an Early Exploration Plan/Permit
covering the entire Property.
The Company has also utilized banked work credits to extend, until August 13, 2020, all of the
cells comprising the Property, at no extra cost to the Company.
Finally, the Company announces that pursuant to its Stock Option Plan, the Company has granted
incentive stock options (“Options”) to acquire an aggregate of 100,000 common shares to a
consultant of the Company at an exercise price of $0.10 each. The Options have a term of 5 years
and vest immediately.
About IM Exploration Inc.
The Company is a mineral exploration and development company focused on exploring its Mulloy
Graphite Property in Northern Ontario.
For further information contact:
Joel Freudman
President and Chief Executive Officer
Tel: (647) 880-6414
Caution Regarding Forward-Looking Information
This news release contains statements and information that, to the extent they are not historical fact,
constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-
looking information is based on the reasonable assumptions and estimates of management with respect to
the Company’s exploration program, made based on experience and management’s perception of trends,
current conditions and expected developments, all of which management believes to be reasonable in the
circumstances at the date hereof, but which may ultimately prove to be incorrect. Forward-looking
information herein includes statements relating to the Company’s proposed exploration program at the
Property.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the Company to differ materially from the
outcomes expressed or implied by the forward-looking information herein, including, but not limited to,
obtaining governmental permits to facilitate exploration of the Property, and risks associated with mineral
exploration. Accordingly, readers should not place undue reliance on any such forward-looking information.
The Company does not undertake any obligation to update any forward-looking information herein to reflect
new developments after the date hereof, except as required by applicable securities legislation.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news
release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this news release.