IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(OTCQX:IMAHF) (the "Company") announces that it
has now completed the evaluation of the pertinent drill core from the 2013
drilling program and has submitted the resulting data to SRK for resource
modelling, mine planning, and reserve calculations. Results from approximately
1700 samples derived from the 167 holes from the two principle resource areas,
Middle Ridge and Kelly's Hump, have been submitted to SRK. The program to drill
these two principle areas at close-spaced centers was designed in collaboration
with SRK to have the resource defined in sufficient detail that a measured
resource may be calculated.


The drill hole lithologic data, the hole coordinates, all the material balances
information and Scanning Electron Microscopy ("SEM") photographs were sent to
SRK for the resource modelling. A mine engineer for SRK will take the resource
model and put together a mine plan in which reserves of quartz, K-spar,
kaolinite and halloysite are calculated. Completion of the mine plan and the
Technical Economic Model (the "TEM") is expected to take about 30 to 45 days
with the full NI43-101 compliant prefeasibility report filed within 45 days of
the release of the TEM results.


In determining resources and reserves for the Bovill Kaolin Project, tonnages
for quartz, K-feldspar, kaolinite, and halloysite must be calculated, the first
step of which is screening to determine the weight of the material that is
retained on a 325 mesh screen and the weight of that which passes through the
screen. Quartz and K-spar are part of the oversized material that is retained on
the screen, while the kaolinite and halloysite bearing clay fraction passes
through the screen. In the laboratory, a series of decants of the clay fraction
are performed in order to determine weights of the two resulting fractions: one
that contains mostly kaolinite and one that contains mostly halloysite. These
fractions are dried, weighed and mounted for evaluation using SEM
photomicrographs to verify the occurrence of halloysite. Approximately 1700 core
intervals have been tested in the laboratory with about 20,000 SEM being taken.


The basic separation process undertaken on the bench scale for the purpose of
mineral estimation is similar to that which will be utilized in a commercial
production environment. The coarse K-spar- quartz fraction remaining on top of
the screen will go to the flotation circuit to separate the quartz and K-spar.
The clay material that passes through the screen will go to the clay circuit
that will concentrate a kaolinite product and a halloysite product through
hydrocyclone and differential flotation processing.


"The work of preparing a sample for SEM photography of every drill core interval
to be included in the PFS has been a very tedious and time consuming process
that has resulted in the continuous employment of up to 20 University of Idaho
students," stated Thomas Conway, President and CEO of I-Minerals Inc. "Thanks to
the hard work and dedication of the staff this phase is now completed to fit the
parameters for pit design and we look forward to the estimation of the resource
which we believe will represent one of the largest high purity quartz, K-spar,
halloysite and kaolin deposits known. Having four high value paying minerals
provides a unique and diversified opportunity." 


As noted in the Company's August 15, 2013 press release, the January 2013
Prefeasibility study assumed that defined halloysite reserves were only
sufficient to support about 10 years of halloysite production. Expectations are
that the recent drilling in the Kelly's Hump area which has been the subject of
the above noted SEM work is expected to increase halloysite reserves up to about
20 years when the Prefeasibility study is updated and therefore improve upon the
project's already robust economics. 


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


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 the 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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