Imperial Mining and SOQUEM Commence Geophysical and Diamond Drilling Program

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Jan 14, 2020

Imperial Mining and SOQUEM Commence $1 million Geophysical and
Diamond Drilling Program at the Carheil Copper-Zinc Project, Quebec

Highlights:
- A minimum of 3,500 m of diamond drilling will test seven high-priority copper-zinc-silver-gold targets
areas across the Carheil property.
- Downhole geophysics and follow-up drilling will test important results returned from the AG1 (1.58% zinc, 524.1 g/t silver over 10.5 m) and Puiseaux (3.06% copper, 18.2 g/t silver over 4.9 m) target areas.

Imperial Mining Group Ltd. (TSX VENTURE: IPG) has announced the start of its Fall 2019 and Winter 2020 exploration program on the Carheil Copper-Zinc project in the Abitibi region of northwestern Québec (the “Project”). The $1 million program, operated by SOQUEM, will involve downhole Time-Domain Electromagnetic (TDEM) surveys, 28 line-km of induced polarization (IP) geophysics and a contingent 52 line-km of IP survey depending on the Winter 2020 diamond drill results. A minimum of 3,500 meters of diamond drilling is planned to test several high potential Copper (Cu), Zinc (Zn), Silver (Ag) and Gold (Au) targets west of the previously-defined B26 base metal horizon, located south of the past-producing Selbaie Mine (historical past-production 53.0 Mt @ 1.9% Zn, 1.0% Cu, 40.7 g/t Ag 0.6 g/t Au).

The Project is located in Brouillan and Carheil townships (Figure 1), 5 km southwest of the past-producing
Selbaie Mine. The property consists of 113 contiguous claims covering approximately 53.7 km2. Imperial
holds a 100% interest in the Project subject to an option agreement signed in 2017 where SOQUEM can
earn a 50% interest in the Project by carrying out exploration work totaling $3.750 million over four (4)
years. On completion of their 2020 exploration intentions, SOQUEM will have incurred approximately
$2.75 million in cumulative exploration expenditures on the property.

Downhole TDEM Survey
A downhole Time-Domain EM (TDEM) survey commence this month and is expected to be completed by
mid-December 2019. Abitibi Geophysics of Val d’Or, Québec, is the contractor for this program. The
downhole TDEM survey will be conducted in two different areas to search for off-hole conductive bodies
potentially related to a volcanogenic massive sulfide (“VMS”) body.

The first area, the AG1 polymetallic Zone, is located at the southeast end of the property (Figure 2).
Previous drilling in this zone identified a Zn, Ag, Cu and Au mineralized VMS system with intersections
grading up to 1.58% Zn and 524.1 g/t Ag over 10.5m. However, limited downhole geophysics was
performed in those boreholes. A total of four (4) holes will be surveyed at the AG1 Zone to explore for
potential extensions of the mineralization.
The second area, the Puiseaux Area, is located at the northeastern end of the property (Figure 2). During
the 2019 Winter drill program, Soquem drilled a total of five holes along with the southern limit of the property.
Two boreholes intersected VMS style mineralization and alteration with the best intersection grading up to 3.06% Cu, 18.2 g/t Ag, 0.1 g/t Au over 4.9m related to a sulfide stringer mineralized zone. A total of
three (3) holes will be completed at the Puiseaux Area.

Line cutting and 3D-IP Geophysical Surveys
SOQUEM will conduct a total of approximately 28 line-km of grid preparation for an IP survey planned
for February 2020. An additional 52 line-km of grid and IP survey could be performed if excellent results
are obtained from the drilling on Zones 1 and 2 (see Diamond Drill Program). Contractors for these surveys have not been selected yet.

IP surveys will cover two different areas. The first area is located in the Puiseaux Area where VMS
style mineralization and alteration were encountered (Figure 3). A total of 28 line-km of IP will be
conducted to cover an exhalative horizon interpreted to be the westward extension of the B26 horizon. The
second area, located east of the previously surveyed 2018 IP grid, shows strongly favorable VMS related
geochemistry and geology. A total of 52 line-km of IP could be performed to cover a little-explored area.
Diamond Drilling Program
SOQUEM also plans to initiate a 3,500 to 5,500-m diamond drill program in January 2020. The contractor
for the drill program has not been selected yet.
A total of nine (9) diamond drill targets, located within six (6) zones, have been selected for its geological,
geochemical and geophysical characteristics favorable for Cu-Zn VMS deposit formation. The diamond
drilling will evaluate a total of six (6) zones within the previously surveyed 2018 IP grid.

Zones 1 and 2
Drilling will test favorable geology, strong base-metal style alteration, and anomalous pathfinder element
enrichments associated with favorable geophysics. Historical drilling in these zones intersected Cu-Zn
VMS exhalative horizons interpreted to be the western extension of the B26 deposit horizon (SOQUEM
43-101 Mineral Resource Estimate - March 4, 2018 - Indicated resource of 6.97 Mt grading 1.32 % Cu,
1.80 % Zn, 0.60 g/t Au and 43 g/t Ag and Inferred resource of 4.41 Mt grading 2.03 % Cu, 0.22 %
Zn, 1.07 g/t Au and 9 g/t Ag).

Zone 3
Drilling will evaluate a strong IP anomaly believed to be the western continuation of Zones 2 listed above.
Historical drilling in this area has intersected minor disseminated sulfide mineralization but did not
explain the target IP anomaly.

Zone 4
Drilling will test a high chargeability IP and a low resistivity anomaly southeast of Zones 1 & 2. Nearby
historical drilling intersected Cu mineralization in sedimentary-exhalative units favorable for base metal
deposits.

Zone 5
Drilling will evaluate a 2.0 km long first-priority IP anomaly which is potentially the eastern extension of
the D2 gold-silver zone. Previous drilling on the D2 (see Press Release – April 18, 2018) returned 31.4 g/t
gold (Au) and 132.52 g/t silver (Ag) over 1.45 m and 8.92 g/t Au over 5.1 m. Historical drilling in this
area intersected massive sulfide horizons that were never followed-up.

Zone 6
Drilling on this Zone will test a high chargeability IP and adjacent anomalous magnetic anomalies. These
geophysical anomalies and their relationship to geology are very similar to the geophysical anomalies
encountered at the B26 Deposit.

Contingency Drilling
Drilling on this zone will be contingent on the receipt of favorable results from planned downhole and
surface geophysical surveys.

ABOUT IMPERIAL MINING GROUP LTD.
Imperial is a Canadian mineral exploration and development company focussed on the advancement of its
copper-zinc, gold and technology metals properties in Québec. Imperial is publicly listed on the TSX
Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development
professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

ABOUT SOQUEM INC.
SOQUEM, a subsidiary of Ressources Québec, is a leading player in mineral exploration in Québec. Its
mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated in
more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium, and
other minerals.