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iMetal Resources Inc. Capital/Financing Update 2020

Apr 8, 2020

43878_rns_2020-04-07_5d47b0a1-3362-4f4a-acb3-b39b30983ea1.pdf

Capital/Financing Update

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NEWS RELEASE

SHARES FOR DEBT

April 7[th] , 2020 Vancouver, B.C. – iMetal Resources Inc. (TSX-V: IMR) (the “Company”) announces the following corporate updates:

Debt Settlement

The Company is pleased to announce it has issued 1,565,017 common shares at a deemed price of $0.05 per share. The debt announced on April 2[nd] 2020 for an aggregate amount of $78,250.85 (“Debt Settlement”) has now been extingiused.

ON BEHALF OF THE BOARD OF DIRECTORS,

“Johan Grandin”

President & CEO, iMetal Resources, Inc.

[email protected] Tel. (604)-739-9713

510-580Hornby St., Vancouver, BC, V6C 3B6 / https://imetalresources.ca

iMetal Resources Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource properties. iMetal is focused on advancing its Gowganda West Project in Ontario, Canada. iMetal trades on the TSX Venture Exchange under the ticker symbol IMR. For further information, please call 604- 739-9713 or visit iMetal’s website at www.imetalresources.ca.

Neither 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 release.