IEMR Announces Loans, Amendment to Outstanding Loan with Related Party and Convertible Note Financing with Related Party - Seite 2

The Convertible Note is being issued in consideration of the Lender waiving any and all of its powers, privileges and rights under the unsecured convertible note (the "2012 Note") issued by the Company to the Lender on January 3, 2012, as amended, in the principal amount of US$800,000 which bore interest at rate of 6% per annum, and which principal amount and interest were due and owing on December 1, 2013 but never repaid by the Company (see news release dated January 3, 2012).

The Lender is Hongxue Fu and as stated above is a "Related Party" of the Company pursuant to the TSX Venture Exchange policies, as Mr. Hongxue Fu, Chief Executive Officer and director of the Company, holds a controlling interest in the Lender. As such, the Convertible Note financing constitutes a "Related Party Transaction" under the policies of the TSX Venture Exchange. The Company is relying on exemptions from the formal valuation and minority approval requirements which are available to the Company

The terms of the Convertible Note were approved by the board of directors of the Company, other than Hongxue Fu, who declared his controlling interest in the Lender and abstained from voting with respect to the Convertible Note.

About IEMR Resources Inc.

IEMR is a junior mining company listed on the TSXV under the symbol "IRI". The Company is directly tied to and has been formed from capital sources in China and Canada. IEMR is devoted to taking full advantage of its capital by participating in mineral and energy projects ranging from exploration, development, production, processing, smeltering and mineral trade with a long-term view. The Company's emphasis is on the Chinese and Canadian markets utilizing the capital stemming from China and the resources and market of Canada to create a maximum return for shareholders. The Company's investment priorities ranked in order are copper, chromium, nickel, manganese, uranium, platinum silver, diamonds and molybdenum. Investment and or acquisitions in exploration projects, will be focused in chromium, manganese, uranium and potash. The Company has already formed alliances of cooperation with large smeltering steel, copper, lead, zinc and aluminum companies.