IPG:CC - Imperial Welcomes Guy Bourassa as CEO New Appointment Adds Depth to the Management Team

(TheNewswire)

MONTRÉAL, QUÉBEC – TheNewswire -- January 9, 2024 – Imperial Mining Group Ltd.(the “Company” or "Imperial") ( TSXV:IPG ) OTCQB:IMPNF ) is pleased to announce that it hasappointed Guy Bourassa to the position of Chief Executive Officereffective immediately.  Pierre Neatby, the current President and CEOwill remain President and take on the role of Chief Operating Officer. Mr. Bourassa’s appointment will add visionary leadership toImperial’s management team as well as bring additional valuablecritical metals experience to the Company as it focuses on developingits flagship Crater Lake scandium project.

Jeff Swinoga, Chairman of the Board commented “WithGuy and Pierre, we are pleased to have two executives of high calibreadvancing the Crater Lake Project and Imperial forward. Guy’svisionary leadership, deep experience in advancing mining projectsinto production as well as his insights in the critical metals spacewill benefit all of our shareholders as we target moving the CraterLake project forward through Feasibility and eventuallyconstruction.”

Mr. Bourassa will focus on overall strategy,communication and financing for Imperial.  Mr. Neatby will focus onmarket development, progressing the Pre-Feasibility Study andday-to-day operations of the Company.

“I am very pleased that Imperial was able to attractan experienced executive of the caliber of Mr. Bourassa. Guy and Ihave known each other for a number of years and we look forward toworking together.” said Mr. Neatby.

“I am excited to join the team of Imperial MiningGroup and advance the Crater Lake Project.  I believe deeply in theuntapped value of scandium and look forward to growing this Companyinto a leader in the sector.” said Mr. Bourassa.

In addition, Mr. Bourassa is recommended as a candidatefor Director of the Company in Imperial’s management proxy circularfor the Annual and Special Meeting which will be held on February 6,2024.

Mr. Guy Bourassa is an experienced Mining Executivewith deep networks in Quebec and around the world.  He was theFounder, Director and acted as President and CEO of Nemaska LithiumInc. from January 2008 to February 2020.  Over the past 30 years, hehas held the roles of President, CEO and Director in numerousQuébec-based junior mining companies.  He has a great depth ofexperience and knowledge of the critical metals space.

Mr. Bourassa will be granted 2.5 million options onJanuary 9 at a price of 10c per share. These options will be valid for5 years and will vest under the following schedule: 25% on the date ofthe grant, 25% 6 months later, 25% 12 months from the grant date andthe final 25% 18 months from the grant date.

ABOUTIMPERIAL MINING GROUP LTD.

Imperial is a Canadian technologymetals company focused on advancing its flagship Crater Lake scandiumand rare earth  project in Québec. Imperial is publicly listed onthe TSX Venture Exchange as “IPG” and on the OTCQB Exchange as“IMPNF” and is led by anexperienced team of mineral development professionals.

For further information pleasecontact:

Website: www.imperialmgp.com Twitter: @imperial_mining Facebook:

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

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