Imperial Mining Group Ltd. announce that it has received the remaining results from the Crater Lake Summer 2022 drilling program on the TG scandium-rare earth mineralized zone. Assay results continue to return substantial intersection widths of scandium-bearing olivine rich ferrosyenite and a new, higher-grade scandium bearing pyroxene-rich ferrosyenite zone. With all of the results in, Imperial plans to undertake an updated 43-101 Mineral Resource Estimate with the goal of converting all of the Inferred Mineral Resources into the Indicated or Measured Mineral Resources category. All analytical results for the last three holes of the summer drilling program representing a total of 738.0 m have been received. All drillholes have intersected the target scandium bearing ferrosyenite host rock. The recent drilling indicates that the southern portion of the TG scandium Zone is
composed of two different Sc bearing ferrosyenites and hosts a higher proportion of the higher-grade pyroxene-rich ferrosyenite. This new pyroxene-rich ferrosyenite mineralization is open to the southwest and at depth. Individual drill assay grades of up to 602 g/t Sc2O3 were returned from this new system. The mineralization of both Sc-bearing ferrosyenite zones is open at depth below the 200 m vertical level and along strike and appears to show great potential for additional scandium mineralization between Sections Lines 0N and 350N, particularly closer to surface.