IMetal Resources : News Release

September 22, 2021

iMetal Resources Defines New Drill Targets as IP Survey Extends HG Shear Zone to Open 2300 Metres at The Oakes Gold Project

VANCOUVER, BC / ACCESSWIRE / September 22, 2021 / iMetal Resources, Inc. (TSX.V:IMR) (OTC PINK:ADTFF) ("iMetal" or the "Company") is pleased to announce the results of the previously announced IP Survey at the Oakes Gold Project located in the Beardmore-Geraldton Greenstone Belt (BGGB) of Northern Ontario, northeast of Thunder Bay. The IP survey has successfully confirmed the Company's premise that the gold-bearing HG Shear Zone is a significant structure shown to extend over 2km in strike length as evident from the chargeability anomaly shown in Figure 1 below.

The IP survey was conductedto the east and west of the historic (2010) grid and has confirmed the extension of the HG shear from about 800 metres to 2300 metres, remaining open in both directions. A second previously unknown parallel structure located at the bottom of the grid represents a second potential gold bearing shear zone (Crib Target). The chargeability map also indicates a potential E-W structure lying between the HG and Crib targets. This new parallel anomaly is interpreted to be an additional shear zone and is important because it appears to project into the parallel structure on the western end of the grid and into the HG Shear Zone just to the east of the grid. The increased chargeability noted at these two locations enhances these junction areas as shear junctions represent excellent exploration targets for gold mineralization.