IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(OTCQX:IMAHF) (the "Company")  is pleased to
announce it has received very favorable preliminary results from Ginn Mineral
Technology (GMT) from pilot-scale work designed to optimize the process
equipment separation techniques to increase the grade (concentration) of
I-Minerals' halloysite product. Several gravity and density separation methods
and a novel differential flotation technique were evaluated. All of the methods
evaluated significantly increased the concentration of halloysite. The
differential flotation process ultimately yielded halloysite concentrations in
excess of 90% based upon visual estimations from Scanning Electron Micrographs
(SEMs).


In late 2013 I-Minerals excavated a bulk sample of approximately seven tons of
crude primary clay from a near surface area of Kelly's Hump identified during
drilling in November 2013 (see I-Minerals press releases of October 2 and
November 27, 2013). SEM work at the University of Idaho identified this area as
containing strong halloysite concentrations within the primary clay that
consists almost exclusively of K-feldspar, quartz, kaolinite, and halloysite.
Upon receipt of the bulk sample in late 2013, GMT completed initial separations
of the sand fraction (K-feldspar and quartz) and the clay fraction (kaolinite
and halloysite). The sand fraction material has subsequently been shipped to
Minerals Research Laboratory at North Carolina State University ("MRL") for
separation and evaluation of the quartz and K-feldspar minerals. 


After the initial pilot-scale trials separated the clay fraction, GMT undertook
additional trials to separate and concentrate halloysite and kaolinite clay
products. The halloysite concentration trials focused on three separation
elements: (1) unique clay characteristics such as relative density and
morphology, (2) processing equipment options and (3) critical physical and
chemical processing parameters. A novel, differential flotation process was also
developed that exploited halloysite's unique clay characteristics for optimized
concentration.


Product samples derived from the trials were submitted to one of GMT's partners,
The Georgia Tech Research Institute, for SEM analysis. The samples were prepared
using a "wet-oriented" technique that allowed for more objective sample
population viewing when compared to the regular dry preparation techniques. The
wet dispersion allows the particles to be more oriented and discrete versus the
dry preparation technique where particle agglomeration is more prevalent. 


The SEM photos using the new wet process preparation demonstrated high quality
and consistent concentrations of halloysite in the product using the gravity
optimized processing configurations. The results from the differential flotation
testing proved to be even better and yielded extremely high halloysite quality
that exceeded 90% concentrations based on SEM estimations.


"Historic halloysite analysis by Durtec GmbH has indicated the halloysite from
our Helmer-Bovill property has very low heavy metals content and one of the best
aspect ratios of any halloysite tested," commented Thomas Conway, President and
CEO of I-Minerals. "These latest result now indicates we can produce at pilot
levels a high concentration product of one of the highest quality halloysites
known. We believe these results open the door even wider for high value life
sciences and polymer applications."


Work at GMT on this material is continuing in order to investigate options for
product color enhancement, as well as producing another sample of metakaolin
derived from the kaolinite product fraction. Going forward, the flotation
processing technique will be further evaluated for implementation into the
process flow scheme as a high grade product option.


Gin Mineral Research is a private research and development firm located in
Sandersville, GA. They have mineral and technology expertise, with notable
industrial mineral emphasis, in separation and dewatering technologies, particle
sizing, surface chemistry, thermal processing, and pigment calcination. 


A. Lamar Long, CPG, is a qualified person ("QP") for I-Minerals Inc. and has
reviewed and approved the contents of this release.


In an unrelated matter, I-Minerals has completed the debt settlement agreement
announced February 14, 2014, pursuant to which $215,439.20 of indebtedness was
satisfied by the issuance of 1,001,112 common shares at a deemed price of
$0.2152 per share, all of which shares are subject to a hold period in Canada
until July 5, 2014.


About I-Minerals

I-Minerals is developing multiple deposits of high purity-high value halloysite,
quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill
property in western Idaho. A 2013 Prefeasibility Study completed by SRK
Consulting (USA) Inc. highlights the potential of the Helmer-Bovill property:
after tax NPV6 of $150 million; 28% IRR; 3 year payback and $67 million initial
CAPEX; $84 million CAPEX including life of mine sustaining capital over a 26
year mine life. Ongoing development work is focused on upgrading the probable
reserve to a proven reserve as the Company moves through the feasibility process
towards production.


I-Minerals Inc. 

Thomas M. Conway, President & CEO

This News Release includes certain "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995.
Without limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are forward
looking statements that involve various risks. Actual results could differ
materially from those projected as a result of the following factors, among
others: changes in the world wide price of mineral market conditions, risks
inherent in mineral exploration, risk associated with development, construction
and mining operations, the uncertainty of future profitability and uncertainty
of access to additional capital.


NEITHER THE 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 NEWS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
I-Minerals Inc.
Barry Girling
877-303-6573 or  604-303-6573
info@imineralsinc.com
www.imineralsinc.com

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