Announcements

Development on North Wexford Gold Project PL 1200 gives IMC immediate capacity to accelerate its exploration programme

IMC Exploration Group plc (IMC) is pleased to announce positive developments on its North Wexford gold project.  An initial review of historical exploration on PL 1200 in Co. Wexford has commenced.  PL 1200 is one of a group of three licences held by IMC that are underlain by the mineralised rhyolitic volcanic rocks of South East Leinster. 

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IMC Update Exploration Target for West Avoca Spoils

Highlights

• Updated report increases tonnage in West Avoca spoil heaps.
• Exploration Target in West Avoca estimated at 3,500-4,000 oz gold.
• Sampling planned to upgrade West Avoca Exploration Target to Inferred Resource.
• Inferred Resource of 19,800 oz gold previously reported for East Avoca.

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Placing of New and Treasury Shares 

The Board of IMC is pleased to announce that the Company has raised £267,500 (two hundred and sixty-seven thousand five hundred pounds Sterling) before expenses by way of an oversubscribed placing (the “Placing”) of 26,750,000 (twenty six million seven hundred and fifty thousand) new ordinary shares of €0.001 each ("Share") in the Company at a price of 1p per Share (one penny Sterling) for cash (the “Placing Shares”), conditional only upon admission of the new Placing Shares to the Official List of the FCA and to trading on the regulated market of the London Stock Exchange (“Admission”) of the new Placing Shares. Alongside each Placing Share will be issued a warrant to subscribe for one further Share at a price of 2 p (two pence Sterling) per Share, exercisable for one year from the date of issue (the “Warrants”). No application shall be made for admission to any list or to trading on any market (regulated or otherwise) of the Warrants.

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Trinity College Dublin / IMC Exploration Group plc significant developments on Avoca Mine Property

IMC Exploration Group plc is pleased to report significant progress on its collaboration with the Raw Materials Group at Trinity College Dublin. Research has focused on:

(i) resolving the styles and occurrences of gold in the highly prospective Caledonian terranes across Ireland; and

(ii) through detailed petrographic work, characterising the gold-rich Kilmacoo zone at IMC's Avoca Mine property in Co. Wicklow.

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