Imperial Provides Update on Mount Polley 2025 Production and Exploration

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The next phase of diamond drilling is scheduled to start in February 2026 and will initially follow up on the successful results from the first drilling campaign in more than a decade in the Bell Pit area.

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Steve Robertson, P.Geo., Imperial’s Vice President Corporate Development has reviewed the production disclosures contained in this news release and is the designated Qualified Person as defined by National Instrument 43-101.

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Jim Miller-Tait, P.Geo., Imperial’s Vice President Exploration, has reviewed this news release as the designated Qualified Person as defined by National Instrument 43-101 for the Mount Polley exploration program. Samples reported were analyzed at Activation Laboratories Ltd. located in Kamloops. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

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About Imperial

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Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.

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Imperial Contacts

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Cautionary Note Regarding Forward-Looking Statements

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Certain information contained in this news release are not statements of historical fact and are “forward-looking” statements. Forward-looking statements relate to future events or future performance and reflect Imperial management’s expectations or beliefs regarding future events and include, but are not limited to statements regarding expectations with respect to: the completion of mining of the Phase 4 pushback and continuation of stripping of the Phase 5 pushback at Mount Polley mine’s Springer Pit; the source of the majority of Mount Polley’s mill feed coming from the Phase 5 pushback with some supplementation derived from low grade stockpiles; Mount Polley mine’s 2026 production targets; the release of production results from the Red Chris mine; and the next phase of Mount Polley mine’s diamond drilling program starting in February 2026 to follow up on the recent drill results from the Bell pit area.

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In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “is targeted”, “targets”, “outlook”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Imperial to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

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In making the forward-looking statements in this news release, Imperial has applied certain factors and assumptions that are based on information currently available to Imperial as well as Imperial’s current beliefs and assumptions. These factors and assumptions and beliefs and assumptions include, the risk factors detailed from time to time in Imperial’s interim and annual financial statements and management’s discussion and analysis of those statements, and the Company’s current Annual Information Form, all of which are filed and available for review on SEDAR+ at www.sedarplus.com. Although Imperial has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended, many of which are beyond Imperial’s ability to control or predict. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and all forward-looking statements in this news release are qualified by these cautionary statements.

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