IM Exploration Inc. announced that Mark Monaghan has been appointed to the Company's Board of Directors, taking on the role of Chairman of the Board of Directors. Mr. Monaghan is a Canadian national and permanent resident of Panama, with 28 years of experience as an investor, advisor, founder and board member across several industries, serving with notable global investment and merchant banks. Mr. Monaghan is Founder and Managing Partner of Dalvay Capital Corp., a Panama-based investment and advisory platform focused on Latin American growth opportunities, for the past 11 years. Previously, Mr. Monaghan has served in senior partner and executive roles with British and Canadian investment firms, including as President of a leading Canadian exempt market dealer with a focus on asset-backed lending. Over the course of his career, he has been instrumental in executing over US$2 billion of transactions, including equity debt and M&A, for growth companies internationally. Mr. Monaghan holds a Bachelor of Arts in economics from Queen's University and a Bachelor of Commerce from the University of Windsor. The Company also announces that, in connection with Mr. Monaghan's appointment, Joel Freudman has stepped down as a director and as Chairman in order to focus on his primary business endeavors, most notably TRU Precious Metals Corp.