iMetal Resources Announces Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - June 9, 2026) - iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) ("iMetal" or the "Company") is pleased to announce that it will offer (the "Offering") up to 40,000,000 units (each, a "Unit") at a price of $0.10 per Unit, by way of non-brokered private placement, for gross proceeds of up to $4,000,000.

Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one transferable share purchase warrant of the Company (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.20 for a period of thirty-six months after the closing of the Offering. The Warrants will be subject to an accelerated expiry if, any time after the date that is four months and one day after the closing date of the Offering, the closing price of the Shares on the TSX Venture Exchange ("TSXV"), or such other market as the Shares may trade from time to time, is or exceeds $0.40 for ten (10) consecutive trading days, in which event the holders of the Warrants may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire thirty (30) days following the date of such press release. The Warrants may be exercised by the holder of the Warrants during the 30-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.

The Company intends to use the net proceeds of the Offering towards further exploration at the Company's properties as well as for general working capital.

In connection with the Offering, the Company has engaged Integrity Capital Group Inc. ("Integrity") to act as its financial advisor and support its efforts. For further information, please contact Integrity at [e-mail]. The Company has agreed to pay Integrity a fee on any subscribers introduced by Integrity to the Offering consisting of: (i) a cash commission equal to 8% of the gross proceeds from subscribers introduced by Integrity to the Offering; and (ii) non-transferable broker warrants (each, a "Broker Warrant") equal to 8% of the number of Units sold to subscribers introduced by Integrity to the Offering. Each Broker Warrant will entitle the holder to acquire one Unit at an exercise price of $0.10 for a period of thirty-six months after the closing of the Offering.

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