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Options Granted

July 21, 2016

Vancouver, B.C. – July 21, 2016 - I-Minerals Inc. (TSX.V: IMA) (the “Company”) announces that pursuant to the Company’s stock option plan (the “Option Plan”, the renewal of which was most recently approved by the Company’s shareholders at its annual general meeting held on November 18, 2015, which renewal was accepted by the TSX Venture Exchange on December 9, 2015), the Company has granted a director options entitling him to purchase up to 300,000 shares at a price of $0.30 for a period of five years, all options having vesting on the date of grant.

I-Minerals Inc.

per: “Thomas M. Conway”

Thomas M. Conway,
President & CEO

Contact: I-Minerals Inc.
Barry Girling
877-303-6573 or 604-303-6573 x 102
Email: info@imineralsinc.com
Or visit our website at www.imineralsinc.com 		Paul Searle
877-303-6573 or 604-303-6573 x 113
Email: PSearle@imineralsinc.com

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.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of risk factors beyond its control, and actual results may differ materially from the expected results.

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