I-Minerals Inc. completes debt settlement

VANCOUVER, BC—(Marketwired – February 01, 2018) – I–Minerals Inc. (TSX VENTURE: IMA) (OTCQB: IMAHF) (FRANKFURT: 61M) (the “Company”) announces that it has completed the debt settlement announced January 24, 2018, pursuant to which accrued interest of $20,630.14 has been satisfied by the issuance to an arm's–length creditor of 55,752 common shares at deemed prices from $0.332 to $0.535 per share. All of these shares are subject to a hold period until May 31, 2018.

About I–Minerals Inc.

I–Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer–Bovill property in north central Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR. Iniital CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). The project has received mine and water permits from the State of Idaho.

I–Minerals Inc.

per: “Thomas M. Conway

Thomas M. Conway,
President & CEO

This News Release includes certain “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: changes in the world wide price of mineral market conditions, risks inherent in mineral exploration, risk associated with development, construction and mining operations, the uncertainty of future profitability and uncertainty of access to additional capital. .

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.

INFINITI Reports January Sales

NASHVILLE, TN—(Marketwired – February 01, 2018) –

             
    2018   2017   % Change
January Sales   10,635   11,558   –8.0
Total Sales   10,635   11,558   –8.0
             

INFINITI today reported sales of 10,635 vehicles in the U.S. during January, down 8%.

With its first full month of deliveries the updated 2018 QX80, INFINITI's premium full–size SUV, had its best January, with an increase of 5% to 1,830. The QX60 premium crossover also had its best month with deliveries of 3,029, up 38%.

                         
    Jan   Jan   Monthly   CYTD   CYTD   CYTD
    2018   2017   % chg   2018   2017   % chg
                         
INFINITI Total   10,635   11,558   –8.0   10,635   11,558   –8.0
                         
Q50   2,712   3,206   –15.4   2,712   3,206   –15.4
Q60   612   732   –16.4   612   732   –16.4
Q70   386   476   –18.9   386   476   –18.9
QX30   813   1,158   –29.8   813   1,158   –29.8
QX50   1,051   1,206   –12.9   1,051   1,206   –12.9
QX60   3,029   2,189   38.4   3,029   2,189   38.4
QX70   202   842   –76.0   202   842   –76.0
QX80   1,830   1,749   4.6   1,830   1,749   4.6
Car   3,710   4,414   –15.9   3,710   4,414   –15.9
CUV/SUV   6,925   7,144   –3.1   6,925   7,144   –3.1
                         

About INFINITI
INFINITI Motor Company Ltd. is headquartered in Hong Kong with representations in 50 markets around the world. The INFINITI brand was launched in 1989. Its range of premium automobiles is currently built in manufacturing facilities in Japan, the United States, United Kingdom and China. INFINITI design studios are located in Atsugi–Shi (near Yokohama), London, San Diego and Beijing. INFINITI is in the middle of a major product offensive. The brand has been widely acclaimed for its daring design and innovative driver–assistance technologies. From the 2016 season, INFINITI is a technical partner of the Renault Sport Formula One team, contributing its expertise in hybrid performance.

More information about INFINITI and its industry–leading technologies can be found at http://www.infiniti.com/. You can also follow us on Facebook, Twitter, LinkedIn and see all our latest videos on YouTube.

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Nissan Group reports January 2018 U.S. Sales

NASHVILLE, TN—(Marketwired – February 01, 2018) –

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