VANCOUVER, BC - iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ('iMetal' or the 'Company') is pleased to announce the assay results of the fall 2022 drill campaign at Gowganda West ('GW'). GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Limited.

A total of seven drill holes were completed for a total meterage of 2611m. All seven holes intersected gold mineralization in multiple intervals.

The results strongly suggest all previously encountered gold zones at Gowganda West continue along strike and up dip (towards surface), with gold trends now intersected over a strike of at least 1000m. Equally as important, the gold system continues to grow as a new gold trend to the east was discovered, as part of the multiple parallel gold zones encountered. The system is now open along 500m of width, 1000m of strike and 200m of depth. Mineralization continues to show strong similarities to the nearby Juby Deposits (which has a current resource* containing 0.77 Moz Au Indicated and 1.5 Moz Au Inferred).

'All 2022 drill holes intersected gold mineralization, supporting the Company's belief in Gowganda West's potential to host a major gold system,' commented iMetal President & CEO Saf Dhillon. 'Our location on the doorstep of the Juby deposit presents an exceptional opportunity to drill near-surface, gold-bearing rocks in the Abitibi Greenstone Gold Belt, adjacent to a multi-million-ounce gold deposit.'

VP Exploration Scott Zelligan added, 'The enhanced geological model resulting from the 2022 program places the Company in an excellent position to target higher grades and the richest portions of the extensive regional gold system. These results bolster the Company's interest in GW and we are planning for additional drilling in 2023. The Company is also preparing work programs for its other Abitibi based projects.'

About iMetal Resources Inc.

iMetal is a Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. One of its Flagship properties Gowganda West, is an exploration-stage gold project that borders the Juby Project and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 665 hectare Kerrs Gold Deposit comprises a series of gold-bearing pyritized quartz vein replacement breccias with a 2011 historic resource, 90 kilometres ENE of Timmins. The 220 hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres west of Agnico Eagle's Holt and Holloway Mine Complex.

Contact:

Saf Dhillon

President & CEO

iMetal Resources Inc.

E: info@imetalresources.ca

Tel: (604-484-3031)

Suite 550, 800 West Pender Street

Vancouver, British Columbia, V6C 2V6

WEB: https://imetalresources.ca

Neither the 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.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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