Vancouver, BC, December 5 th, 2019 – iMetal Resources Inc. (TSX.V: IMR) (“iMetal” or the “Company”) is pleased to announce that it has closed it’s recently announced non-brokered hard dollar private placement of $309,995 for 4,428,500 units at a price of $0.07 per unit (the “Units”). Each Unit consists of one common share (the “Shares”) and one two-year share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one additional common share, exercisable at a price of $0.10 per share for the first twelve months from the date of issue and at a price of $0.15 per share for the remaining twelve months.

All securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.

Finders fees totalling $5,250 in cash will be paid.

The proceeds of this private placement will be used for working capital and property development.

ON BEHALF OF THE BOARD OF DIRECTORS.

Johan Grandin
President & CEO
iMetal Resources, Inc.
jgrandin@imetalresources.ca
Tel. (604)-739-9713
510-580Hornby St., Vancouver, BC, V6C 3B6