Imperial Metals Corporation reported drill results from Red Chris since the last update on July 24, 2023 and Mount Polley. At Red Chris, drill hole RC875 was drilled south to north into the East Ridge, the opposite direction to most of the drilling to date, to confirm the down-dip continuity of mineralization in the East Ridge zone. The initial results from hole RC875 (previously reported in the July 24, 2023 news release) returned an intercept of 406 metres grading 1.0% copper and 1.1g/t gold from 486 metres, that includes 248 metres grading 1.4% copper and 1.6 g/t gold from 644 metres.

This hole was targeted to be drilled to a depth of 1,200 metres but was abandoned at 1,018 metres due to access problems. The underground drill has collared a hole to test for additional mineralization east of the East Ridge Exploration Target. This hole is designed to test 100 metres below where hole RC876 (pre previously reported in the July 24,2023 news release) returned an interval of 274 metres grading 0.45% copper and 0.67 g/t gold from 998 metres. Since January, four holes have been drilled; two to gather more data for the block cave study and two geotechnical holes designed to gather further information on ground conditions where underground development is planned.

At Mount Polley a diamond drilling program of a minimum 5,000 metres drilling started on March 3rd, focusing on two goals. The first is to test for mineralization around the perimeter of the planned Springer pit where there are gaps in the 3-dimensional mineralization model. The second goal is to follow-up on last year's successful drilling in the Springer zone, by filling gaps in the drilling of the zone and by continuing to test the zone at depth.

The first two drill holes of this program have been completed and the third is in progress. Red Chris samples for the 2022/2023 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs.

Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.