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DJ IMC Exploration Group Plc Half-yearly Report

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TIDMIMCP
Chairman's Statement
Interim Financial Results IMC Exploration Group PLC ('IMC') for the six months
to 31st December 2015

Dear Shareholder,

The directors of IMC Exploration Group plc are pleased to present the Interim
Financial Results for ('IMC') for the six months to 31st December 2015.

This is a very exciting time for IMC.  We are weeks away from obtaining a
standard listing on the main market of the London Stock Exchange, one of the
most prestigious stock markets in the world.  This will be a major achievement
for our company.

IMC notes the unprecedented Irish press coverage of the Geological Survey of
Ireland's (GSI) Tellus survey which has revealed higher than expected levels of
gold and platinum in the streams and rivers of Wicklow and Wexford in south
east Ireland.  Articles published in recent weeks in the Irish Times,
the Independent, the Journal and several other publications tell how
the Geological Survey of Ireland's (GSI) Tellus programme made the discovery by
applying modern testing methods to stream samples collected in the 1980s.  The
survey confirms high levels of gold in streams near the Goldmines River and
Avoca regions of Wicklow, and the new data identifies high gold values in
streams that flow across and along the edges of the Leinster granite.

All five of IMC's precious metal prospecting licenses in Wicklow and Wexford
are sited centrally in the survey region, and are operated as a Joint Venture
agreement with Koza Limited (a subsidiary of Koza Altin Isletmeleri A.S.).
These encouraging GSI survey results further confirm our own findings for the
region.  This report justifies, confirms and validates the current geological
exploration programme underway with Koza Limited.  We are very excited by this.

IMC presented at the PDAC convention in Toronto. I am delighted to report that
the presentation was very well received.

IMC has had a number of approaches from international mining companies about
the possibility of entering into a further joint venture with IMC's base metal
properties in Limerick, Clare and Tipperary. The fact that Ireland is the
largest producer of zinc concentrates in Europe and ranks as the 10th largest
producer of zinc concentrates in the world has encouraged these companies to
approach IMC with a view to being a part of this great opportunity.

We are looking forward to the coming weeks with enthusiasm. The culmination of
the standard listing on the main market of the London Stock Exchange, IMC's
base metal licence developments and IMC's Koza agreement currently in operation
will truly be transformational for IMC.

Liam McGrattan

Chairman


Unaudited Consolidated Statement of Comprehensive Income for the period ended
31 December 2015

                                                                     Six Months               Six Months              Year Ended

                                                     Notes            31-Dec-15                31-Dec-14               30-Jun-15

                                                                                                    Euro                    Euro

Continuing Operations

Revenue                                                                       -                        -                       -

Other Income / (Expense)                                                      0                        0                       0

Administrative Expenses                                               (178,163)                (103,166)               (439,648)

(Loss) before tax                                                     (178,163)                (103,166)               (439,648)

Income tax expense                                                            0                                          (1,093)

(Loss) for period from continuing operations                          (178,163)                (103,166)               (440,741)

Other Comprehensive income                                                                             -                       -

Loss for the period and total comprehensive loss for the              (178,163)                (103,166)               (440,741)
period

Earning per share (all continuing)

Loss per ordinary share - basic & diluted                1              (0.002)                  (0.001)                 (0.006)


Unaudited Consolidated Statement of Financial Position As at 31
December 2015

                                                                     Six Months               Six Months              Year Ended

                                                     Notes            31-Dec-15                31-Dec-14               30-Jun-15

Non Current Assets                                       2              525,577                  703,158                 526,189

Current assets

Debtors                                                                 111,028                  112,166                 111,671

Cash and cash equivalents                                                62,985                 (28,331)                (26,685)

Total assets                                                            699,590                  786,993                 611,175

Equity and liabilities

Equity

"A" Ordinary Share Capital                                               38,093                   38,093                  38,093

Ordinary Share Capital                                                   97,817                   69,309                  74,317

Share Premium - Ord Shares                                            1,987,221                1,676,777               1,739,769

Retained Earnings                                                   (1,586,112)              (1,070,374)             (1,407,949)

Equity attributable to the owners of the Company                        537,020                  713,805                 444,230

Current Liabilities

Trade & Other Payables                                                  162,570                   73,188                 166,945

Total liabilities                                                       162,570                   73,188                 166,945

Total equity and liabilities                                            699,590                  786,993                 611,175

Unaudited Consolidated Statement of Changes in Equity for the period ended 31
December 2015

                                                       "A"                                         Share

                                                  Ordinary Ordinary                              Premium

                                                     Share    Share                             Ordinary    Retained

                                                   Capital  Capital                               Shares      Losses       Total

                                                      Euro     Euro                                 Euro        Euro        Euro

Balance at 30 June 2014                             38,093   69,309                            1,676,777   (967,208)     816,971

Loss for the Period                                                                                        (440,741)   (440,741)

Other Comprehensive loss for the period                                                                                        -

Issue of share capital                                        5,008                               62,992                  68,000

Share Issue Costs                                                                                                              -

Balance at 30 June 2015                             38,093   74,317                            1,739,769 (1,407,949)     444,230

Loss for the Period                                                                                        (178,163)   (178,163)

Other Comprehensive loss for the period                                                                                        -

Issue of share capital                                       23,500                              247,452                 270,952

Share Issue Costs                                                                                                              -

Balance at 31 December 2015                         38,093   97,817                            1,987,221 (1,586,112)     537,020

Accounting Policies

Basis of Preparation

The financial statements have been prepared on a
historical cost basis.

The financial statements are presented in Euro.

1. Statement of Compliance

The consolidated year end financial statements of IMC Exploration Group PLC and
its subsidiary have been not reviewed by the auditor and have been prepared in
accordance with International Financial Reporting Standards (IFRS) as adopted
by the European Union (EU). In addition to complying with its legal obligation
to comply with IFRS as adopted for use in the EU, the Group has also complied
with IFRS as issued by the International Accounting Standards Board (IASB).

Notes to and forming part of the annual financial
statements

1.   Loss per Share

Basic loss per Ordinary Share amounts are calculated by dividing net loss for
the period attributable to ordinary equity holders of the parent by the
weighted average number of Ordinary Shares outstanding during the period.

Basic earnings per share

The weighted average number of ordinary shares used in the calculation of basic
and diluted earnings per share is as follows:

                                                                     Six Months               Six Months              Year Ended

                                                                      31-Dec-15                31-Dec-14               30-Jun-15

Loss for the period attributable to equity holders of the               178,163                  103,166                 440,741
parent

DJ IMC Exploration Group Plc Half-yearly Report -2-

Weighted average number of ordinary shares for the purposes of       97,816,719               69,308,507              74,316,719
basic earning per share

Basic (loss) per ordinary share                                         (0.002)                  (0.001)                 (0.006)

2.   Non Current Assets

                                                                                 Exploration   Plant and   Financial

                                                                                 Expenditure   Equipment      Assets       Total

                                                                                        Euro        Euro        Euro        Euro

Cost

At 30 June 2014                                                                      524,724       6,125     423,413     954,262

Additions/Disposals                                                                        -           -   (384,675)   (384,675)

At 30 June 2015                                                                      524,724       6,125      38,738     569,587

Additions/Disposals                                                                        -           -           0           0

At 31 December 2015                                                                  524,724       6,125      38,738     569,587

Provision for diminution in value

At 30 June 2014                                                                            -     (3,435)   (141,595)   (145,030)

Charge for period                                                                          -     (1,225)    (83,400)    (84,625)

Disposal                                                                                   -           0     186,257     186,257

At 30 June 2015                                                                            -     (4,660)    (38,738)    (43,398)

Charge for period                                                                          -       (613)           0       (613)

At 31 December 2015                                                                        -     (5,273)    (38,738)    (44,011)

Net book value

At 31 December 2015                                                                  524,724         853           0     525,577

Expenditure on exploration activities is deferred on areas of interest until a
reasonable assessment can be determined of the existence or otherwise of
economically recoverable reserves. No amortisation has been charged in the
period. The directors have reviewed the carrying value of the exploration and
evaluation assets and consider it to be fairly stated and not impaired at 31
December 2015. The recoverability of the exploration and evaluation assets is
dependent on the successful development of the group's licence areas.

3.   Share capital - Group and Company

                                                                      31-Dec-15                31-Dec-14               30-Jun-15

                                                                           Euro                     Euro                    Euro

200,000,000 Ordinary shares of Euro 0.001 each                          200,000                  200,000                 200,000

50,000 "A" Ordinary shares of One Euro each                              50,000                   50,000                  50,000

                                                                        250,000                  250,000                 250,000

Issued, called up and fully paid

                                                                                               Number of       Share       Share

                                                                                                  shares     Capital     Premium

                                                                                                                Euro        Euro

Euro 0.001 Ordinary Shares

As at 30 June 2014                                                                            69,308,507      69,309   1,676,777

Issued in period                                                                               5,008,212       5,008      62,992

As at 30 June 2015                                                                            74,316,719      74,317   1,739,769

Issued in period                                                                              23,500,000      23,500     247,452

As at 31 December 2015                                                                        97,816,719      97,817   1,987,221

Issued, called up and partly paid

                                                                                               Number of       Share       Share

                                                                                                  shares     Capital     Premium

                                                                                                                Euro        Euro

One Euro A Ordinary Shares

As at 30 June 2014                                                                                38,093      38,093           -

Issued in period                                                                                       -           -           -

As at 30 June 2015                                                                                38,093      38,093           -

Issued in period                                                                                       -           -           -

As at 31 December 2015                                                                            38,093      38,093           -

"A" Ordinary Shares have the right to receive notice of and attend but not to
vote at general meetings, no right to a dividend, right to return of capital
but no further right to participate in a distribution of assets of the company.

The directors of the issuer accept responsibility for this
announcement.

Contact Details:

IMC Exploration Group PLC

Chairman
Mr. Liam McGrattan

Tel.  Ireland +353 872745427

Clifford Desmond & Associates
Chartered Accountants & Registered Auditors

Mr. Maurice Clifford

Tel.  Ireland  +353 14989400


Keith Bayley Rogers & Co. Limited
Corporate Advisors

Mr. Hugh Oram

Tel.  UK  +44 207 464 4090

The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.

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About IMC Exploration

IMC Exploration Group plc was incorporated in Ireland in June 2011 with a view to identifying precious and basemetal deposits in Ireland.


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IMC Exploration Group plc,
70 Ballybough Road,
Ballybough,
Dublin 3, Ireland

Telephone: +353 872819215
Email: info@imcexploration.com

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