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I-Minerals Inc. withdraws application to issue bonus shares pursuant to new loan agreement

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - November 22, 2019) - I-Minerals Inc. (TSXV: IMA) (OTCQX: IMAHF) (the "Company") announces, further to its November 4, 2019 news release, that it has withdrawn its application to the TSX Venture Exchange in respect of the potential issuance of bonus shares pursuant to its new loan agreement negotiated with a company controlled by its Chairman, Allen Ball (the "Lender") pursuant to negotiations with the Lender.

About I-Minerals Inc.

I-Minerals is a Canadian based exploration and development company that is advancing the Helmer-Bovill kaolin-halloysite-quartz-potassium feldspar property in north central Idaho.

I-Minerals Inc.

per: "John Theobald"

John Theobald,
President & CEO

Contact:

I-Minerals Inc.


Barry Girling
877-303-6573 or 604-303-6573 x 102
Email: info@imineralsinc.com
Or visit our website at www.imineralsinc.com

Paul J. Searle, Investor Relations
877-303-6573 or 604-303-6573 x 113
Email: PSearle@imineralsinc.com

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 NEWS RELEASE.

This News Release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50004