I-Minerals Inc. Issues Additional Bonus Shares and Bonus Warrants Pursuant to Loan Agreement and Filing of Updated Early Warning Report - Seite 2

(c) incentive stock options entitling the holder to acquire up to 350,000 common shares of the Company at prices ranging from $0.10 Cdn. to $0.25 Cdn. per share having expiring dates ranging from July 30, 2018 to January 29, 2020.

This News Release is being issued in part pursuant to National Instrument 62-103, which also requires a report to be filed by Mr. Ball with each of the British Columbia and Alberta Securities Commissions containing information with respect to his securityholdings in the Company (an updated Early Warning Report).

A b ou t I-Minerals Inc.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north central Idaho. A 2014 Prefeasibility Study on the Bovill Kaolin Deposit completed by SRK Consulting (USA) Inc. highlights the potential of the Helmer-Bovill property's Bovill Kaolin deposit: after tax NPV6 of $212 million; 30.5% IRR; 3 year payback and $72.7 million initial CAPEX; $84 million CAPEX including life of mine sustaining capital over a 25 year mine life. Ongoing development work is focused on moving the project towards production.

I-Minerals Inc.

Per: "Thomas M. Conway"

Thomas M. Conway,

President & CEO

NEITHER THE 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 NEWS RELEASE.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.

Barry Girling
877-303-6573 or 604-303-6573 ext. 102
Email: [e-mail]
Or visit our website at www.imineralsinc.com 

Paul J. Searle
Investor Relations
877-303-6573 or 604-303-6573 ext. 113
Email: [e-mail]