Imperial Mining Announces Grant of Options

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MONTREAL, May 05, 2023 (Globe Newswire) — Imperial Mining Group Limited (“imperial“or the”institution”) (TSX Project: IPG) announces the granting of a total of 500,000 incentive stock options to a director and officer of the Corporation pursuant to a stock option plan of the Corporation. The options can be exercised at $0.09 per share for a period of five years from the date of grant. Options vest according to the following vesting schedule: 25% vest immediately upon issuance; 25% is due from the date of 6 months from the date of issue; 25% due from the date of 12 months from the date of issue; The remaining 25% is due from the date of 18 months from the date of issue.

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ABOUT IMPERIAL MINING GROUP LTD.

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Imperial is a Canadian mineral exploration and development company focused on advancing technology minerals projects in Quebec. Imperial is listed on the TSX Venture Exchange as “IPG” and on the OTCQB as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a proven track record of discovering mineral deposits in a multitude of mineral commodities.

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Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange Policies) accepts responsibility for the adequacy or accuracy of this release.