IM Exploration Inc. announced that, further to its news release dated June 16, 2021, it has completed the acquisition of Momentum Minerals Ltd. (‘Momentum’) pursuant to the terms of the amalgamation agreement dated June 16, 2021 (the ‘Amalgamation Agreement’) among the Company, IM's wholly-owned subsidiary, 1307605 B.C. Ltd. (‘IM Subco’) and Momentum (the ‘Transaction’). In connection with the completion the Transaction, the Company announced the appointment of Colin Moore as President of the Company. Raymond Harari has resigned from his position as President of the Company, effective as of the closing of the Transaction. Mr. Harari will continue to act as the Chief Executive Officer of the Company. Colin Moore is a corporate finance professional with 14 years of experience in mining and natural resources; he was a co-founder and director of Momentum Minerals. Prior to that he worked on the investment team at Pacific Road Capital in Vancouver, and as a Vice President at Waterton Global Resource Management in Toronto.