Imperial Mining Postpones Filing of Interim Financial Statements

MONTREAL, April 29, 2020 - Imperial Mining Group Ltd. ("the Company") (TSX VENTURE: IPG) announces that due to Covid-19 circumstances it will delay its interim financial statements and its management discussion and analysis until on or about May 15 2020. The Company is relying upon temporary relief granted by the Autorit? des march?s financiers (AMF) allowing reporting issuers to extend certain continuous disclosure filing deadlines occurring during the period from March 23, 2020 to June 1, 2020 by 45 days.

Management and directors of the Company are subject to an insider trading black-out policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that there have been no significant events affecting its business since filing of its first quarter interim financial statements on January 24, 2020.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focussed on the advancement of its copper-zinc, gold and technology metals properties in Qu?bec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

For further information please contact:

Website: www.imperialmgp.com ; Twitter: @imperial_mining ; Facebook: Imperial Mining Group

This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.

Neither 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 release.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/8a004fdf-c407-4c93-99e5-1fd7c7336240

https://www.globenewswire.com/NewsRoom/AttachmentNg/6e455612-8418-4fbc-9bdc-7b3eebe7bb94