Announcements

IMC Intersects Zinc, Lead and Copper Mineralisation in First Drillhole at West Avoca

• The initial drillhole, 21-3850-01, has encountered four zones of massive and semi-massive sulphide.  Over 75m of drill core is being split for assay.

• Three further drill holes are planned to assess the extent and continuity of Cu, Au, Zn, Pb mineralisation along strike from the historic Avoca mine.

• Historical mineralised intercepts in the West Avoca area include 10m grading 1.1% Cu and 9m grading 10.3% Zn and 4.8% Pb.
• IMC plans that the drill programme will allow an independent resource calculation to be undertaken. in addition to that already in place for the spoils’ and tailings’ project.

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• Four drill holes are being drilled to assess the extent and continuity of Cu, Au, Pb, Zn mineralization along strike from the historic Avoca mine
• Historical mineralized intercepts in the West Avoca area include 10m grading 1.1% Cu and 9m grading 10.3% Zn and 4.8% Pb
• IMC has reported JORC compliant figures of c. 20,000ozs of gold, 2.6k tonnes of copper and 7.8k tonnes of lead from mine spoils and tailings to the northeast of the planned drilling (8th September 2020)
• IMC plans that the drill programme will allow an independent resource calculation to be undertaken in addition to that already in place for the spoils and tailings project

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IMC is pleased to announce that it has conditionally agreed to purchase the Karaberd Mine, a gold mine located in Lori Marz, northern Armenia. If the proposed acquisition proceeds, it will take effect via the acquisition by IMC of the entire issued share capital of MVI Ireland s.r.o. (“MVI”) from Mineral Ventures Invest spol. s r.o. (the “Seller”), (the “Acquisition”), a transaction which is classified as a reverse takeover pursuant to the Listing Rules made by the Financial Conduct Authority of the United Kingdom ("FCA") (the "Listing Rules"), and the Irish Takeover Panel Act 1997, Takeover Rules 2013 (the “TakeoverRules”), which means that is it subject to and conditional upon the granting of a waiver of the requirements of Rule 9 of the Takeover Rules by the Irish Takeover Panel and the approval of IMC's shareholders.

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The Prospectors and Developers Association of Canada (PDAC) Convention 2021 commences this morning in Toronto, Canada. IMC Exploration Group plc is pleased to be represented at this virtual convention. Being virtual, this year’s convention is offering a chance to blend new digital experiences with the traditional elements of PDAC.

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