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Imperial Metals Corporation

Tuesday, January 22nd, 2008

Imperial Metals Corporation reports a higher grade gold zone discovery at the Company’s Sterling property in Nevada. Grab sample assays collected from a 30 foot stub drift east of the 144 Zone averaged 0.20 ounces per ton (6.27 g/t) gold. One sample returned a grade of 0.71 ounces per ton (22.1 g/t) gold in a silicified fault breccia. The drift terminated in mineralized rock.
The assays are the highest obtained to date from east of the latite dike that formed the eastern boundary of the known 144 Zone mineralization. These assays indicate the higher grade mineralization extends east of the dike. A plan showing the location of this sampling is available on the Company’s website.
Underground diamond drilling has now begun to test the continuity and extent of gold mineralization, and explore the extensive new hydrothermal breccias, discovered east of the 144 Zone during construction of the 3,352 foot decline.
During construction of the decline, rib sampling of 150 feet of hydrothermal breccia, intersected to the east of the latite dike, averaged 0.039 troy ounces per ton (1.33 g/t). This breccia is characteristically similar to the breccia halo surrounding higher grade gold mineralization west of the dike.
Gold mineralization within the 144 Zone is controlled both by stratigraphy and structure. Past surface drilling defined a mineralizated body on the west side of a latite dike at the contact between overlying silty dolostone and underlying limestone. Exposure of the dike within the decline demonstrated the dike occupies a gold-mineralized fault and the stratigraphic contact hosting the 144 Zone mineralization is offset across this fault.
For further information visit: www.imperialmetals.com

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