Announcements

Analytical results received from IMCs 2019 exploration programme in the Goldmines River licence in County Wicklow (PL 3857) have reinforced gold values obtained in historical sampling.  Analyses have confirmed gold with values ranging up to 0.4 g/t Au in a selection of samples from prospecting and drilling.

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IMC, in association with the Raw Materials Characterization Laboratory at Trinity College Dublin, is continuing studies on the precious metals to be found at IMC’s wholly-owned Avoca deposit and Kilmacoo gold prospect in Co. Wicklow, Ireland. The collaboration between the Raw Materials Research Group at Trinity College Dublin and IMC was announced on 24th September 2019. The aim of the continuing work is further to characterise the form and distribution of gold to assess the extent of syn-tectonic enrichment during the Caledonian Orogeny. IMC’s project represents an opportunity to apply a state-of-the-art microanalytical approach to a major, historical deposit which has significant exploration upside.  The study is refining the understanding of metal zonation and sulphide paragenesis within the Avoca orebodies and Kilmacoo Au prospect and it will allow the development of a robust mineral deposit model for gold mineralisation across the Avoca District in particular and South-East Ireland in general.

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IMC Exploration Group Public Limited Company

Chairman’s Statement for the year ended 30^th June 2019

The Directors of IMC Exploration Group plc (“IMC” or the “Group”) are pleased to present the audited financial results for IMC for the twelve months to 30^th June 2019. The consolidated financial statements appearing below (which do not form the full statutory Report and Accounts of the Group) are taken from the Directors’ Report and Financial Statements for the year ended 30^th June 2019 being posted to shareholders, a copy of which is available from IMC’s website at https://www.imcexploration.com/.

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IMC, the London-listed gold and base metals explorer in Ireland, is pleased to share the following updates with shareholders as the gold price reaches a six-year high:

IMC published on 11th September 2019 a mineral resource estimate (MRE) on its Avoca spoils and tailings project located in Co. Wicklow, Ireland. The JORC-Compliant MRE report shows, inter alia, significant grades of extracted and crushed gold (1,871,000t at 0.3g/t Au), copper (1,871,000t at 0.14% Cu) and lead (1,871,000t at 0.42% Pb) in the spoil heaps on the eastern half of the site. Mineralogical testing is ongoing, and it is anticipated that the test work will indicate that a sizeable quantity of gold and other metals will be recoverable at low cost, given that the material has already been extracted and crushed.

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