III Imperial Metals Corporation

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Imperial Metals Corporation (the "Company") (TSX:III) announced today that it
priced at par its previously announced offering of US$325 million aggregate
principal amount of 7% Senior Notes due 2019 (the "Notes"). The Notes will
mature on March 15, 2019, and interest on the Notes will accrue and be payable
semi-annually on each March 15 and September 15, commencing September 15, 2014


The sale of the Notes is expected to be completed on or about March 12, 2014,
subject to customary closing conditions. The Company intends to use the net
proceeds of the Notes to repay existing indebtedness, to fund capital
expenditures related to the Red Chris project, and for general corporate
purposes.


The offer and sale of the Notes will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act") or the securities laws
of any state or the securities laws of any other jurisdiction. The Notes may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act and
applicable state securities laws. Accordingly, the Notes will be offered and
sold in the United States only to "qualified institutional buyers" in accordance
with Rule 144A under the Securities Act, and outside the United States in
reliance on Regulation S under the Securities Act. In addition, in all cases,
the Notes may only be offered and sold on a private placement basis pursuant to
an exemption from the prospectus requirements of the Securities Act (British
Columbia) and, if applicable, securities laws in other provinces and territories
in Canada. Further, the Notes may only be offered and sold outside the United
States and Canada on a private placement basis pursuant to certain exemptions
from applicable securities laws.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the Notes, nor shall there be any offer or sale of the Notes in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Imperial

Imperial is an exploration, mine development and operating company based in
Vancouver, British Columbia. The Company operates the Mount Polley copper/gold
mine in British Columbia and the Sterling gold mine in Nevada. Imperial has 50%
interest in the Huckleberry copper/molybdenum mine and has 50% interest in the
Ruddock Creek lead/zinc property, both in British Columbia. The Company is in
development of its wholly owned Red Chris copper/gold property in British
Columbia. 


Cautionary Note Regarding "Forward-Looking Information"

This press release contains "forward-looking information" or "forward-looking
statements" within the meaning of Canadian and United States securities laws,
which we will refer to as "forward-looking information". Except for statements
of historical fact relating to the Company, certain information contained herein
constitutes forward-looking information. When we discuss the Notes offering;
mine plans; costs and timing of current and proposed exploration or development;
development; production and marketing; capital expenditures; construction of
transmission lines; cash flow; working capital requirements and the requirement
for additional capital; operations; revenue; margins and earnings; future prices
of copper and gold; future foreign currency exchange rates; future accounting
changes; future prices for marketable securities; future resolution of
contingent liabilities; receipt of permits; or other matters that have not yet
occurred, we are making statements considered to be forward-looking information
or forward-looking statements under Canadian and United States securities laws.
We refer to them in this press release as forward-looking information. The
forward-looking information in this press release may include words and phrases
about the future, such as: plan, expect, forecast, intend, anticipate, estimate,
budget, scheduled, targeted, believe, may, could, would, might or will.
Forward-looking information includes disclosure relating to the launch of the
Notes offering and the guidance on 2013 annual financial results (including
expected revenues) and project development plans, costs and timing. We can give
no assurance the forward-looking information will prove to be accurate. It is
based on a number of assumptions management believes to be reasonable, including
but not limited to: the continued operation of the Company's mining operations,
no material adverse change in the market price of commodities or exchange rates,
that the mining operations will operate and the mining projects will be
completed in accordance with their estimates and achieve stated production
outcomes and such other assumptions and factors as set out herein.

It is also subject to risks associated with our business, including but not
limited to: the risk that the financing may not be completed on the terms
expected or at all, involving the need to negotiate and execute a purchase
agreement and related documents, the need for continued cooperation of the
dealers and the need to successfully market the Notes; risks inherent in the
mining and metals business; commodity price fluctuations and hedging;
competition for mining properties; sale of products and future market access;
mineral reserves and recovery estimates; currency fluctuations; interest rate
risks; financing risks; regulatory and permitting risks; environmental risks;
joint venture risks; foreign activity risks; legal proceedings; and other risks
that are set out in the Company's Management's Discussion & Analysis in its 2012
Annual Report. If our assumptions prove to be incorrect or risks materialize,
our actual results and events may vary materially from what we currently expect
as provided in this press release. We recommend you review the Company's most
recent Annual Information Form and Management's Discussion & Analysis in its
2012 Annual Report, which includes discussion of material risks that could cause
actual results to differ materially from our current expectations.
Forward-looking information is designed to help you understand management's
current views of our near and longer term prospects, and it may not be
appropriate for other purposes. We will not necessarily update this information
unless we are required to by securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Imperial Metals Corporation
Brian Kynoch
President
604.669.8959


Imperial Metals Corporation
Andre Deepwell
Chief Financial Officer
604.488.2666


Imperial Metals Corporation
Gordon Keevil
Vice President Corporate Development
604.488.2677


Imperial Metals Corporation
Sabine Goetz
Shareholder Communications
604.488.2657
investor@imperialmetals.com

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