INV Metals Announces Live Town Hall Webinar Tuesday, June 16, 2

15 P.M. EDT

TORONTO, June 09, 2020 (GLOBE NEWSWIRE) -- INV Metals Inc. (“INV Metals” or the “Company”) (TSX:INV) is pleased to announce it will be hosting its second Live Town Hall Webinar (“Webinar”) with O&M Partners on Tuesday, June 16, 2020 at 2:15 p.m. EDT.

INV Metals is focused on the sustainable development of the Loma Larga gold, copper and silver project (“Loma Larga”) and on the exploration of its greenfields projects, located in Ecuador. Please join the Company’s Chief Executive Officer, Ms. Candace MacGibbon, for an overview of the Company and Ecuador, highlighting INV Metals’ permitting and financing efforts within 2020 to advance Loma Larga towards development.

Ms. MacGibbon commented, “We continue to advance our permitting efforts for Loma Larga and are also focused on securing financing for Loma Larga as demonstrated by the recent filing of a preliminary base shelf prospectus. We continue to work with our communities to provide necessary assistance where most needed as a result of the impacts due to the COVID-19 pandemic.”

The Company recently completed an updated Feasibility Study (“FS”) confirming the Project’s robust economics with a forecasted after-tax internal rate of return (“IRR”) of 28.3%, using a gold price USD$1,400/oz. At a gold price of USD$1,700/oz, Loma Larga forecasts an after-tax IRR of 34.9%, demonstrating the leverage to the gold price. For further information on the FS, please refer to the technical report filed under the Company’s profile on www.sedar.com with an effective date of April 8, 2020 entitled “NI 43-101 Feasibility Study Technical Report” for the Loma Larga Project, Azuay Province, Ecuador.

The Company’s largest shareholders include two leading Canadian mining companies; IAMGOLD Corporation holding a ~35.5% equity interest; and Dundee Precious Metals Corp. holding a ~19.4% equity interest.

Mr. Pablo Zambrano, President of the Ecuador Chamber of Industries and Production will provide an overview of the Ecuadorian economy, the mining industry and the related industrial sectors, along with comments on the support for the industry within Ecuador. Mr. Zambrano has over 20 years of experience within Ecuador in the advocacy of the interests of the private sector before National Authorities and Congressional Committees in the areas of Labor, Social Security, Taxes, Banking, Investment, Anti-Trust, Intellectual Property, Environmental and International Law.