Imperial Metals Corporation: Red Chris Drill Hole Returns 4.12% Copper and 8.83 g/t Gold Over 152.5 Metres

VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) --
Imperial Metals Corporation (TSX: III) reports partial results from the
sixth and seventh drill holes of the 2009 deep drilling program at the
Red Chris copper/gold property in northwest British Columbia. RC09-350
returned 152.5 metres grading 4.12% copper and 8.83 g/t gold starting at
a depth of 540.0 metres.

The vertical hole was collared approximately 170 metres northeast of
drill hole (2007) RC07-335 (NR Oct 16/07: RC07-335 returned 1,024.1
metres grading 1.01% copper, 1.26 g/t gold and 3.92 g/t silver). The
strong gold to copper ratio in RC09-350 is consistent with other drill
intercepts from the eastern side of the deep East zone, however this is
the highest grade intercept over an interval of that scale on the
property to date. Of the 62 assay intervals in the 152.5 metre run, only
six returned less than 2.0% copper and only four of the intervals
returned less than 4.0 grams per tonne gold. At the time of this release,
this drill hole is still in progress nearing its 1,500 metre target
depth. Full results for drill hole RC09-350 will be released when all
data have been received from the laboratory.

The upper portion of drill hole RC09-350 is consistently mineralized with
low grade to sub-economic copper and gold grades. The upper 220.0 metres
of the drill hole lies within the planned pit and averages 0.17% copper
and 0.12 g/t gold, explaining why this area had not been previously
tested to depth. The high grade results returned below 540.0 metres add
to the evolving model of a larger and higher grade deposit at depth.
Drill hole RC09-350 is the most easterly of the drilling that has been
completed on the deep East zone target. Copper mineralization is hosted
in an intensely quartz flooded, veined and stock-worked portion of the
Red Stock and is open for expansion to the north and east. The copper
hosting mineralogy over the 152.5 metre interval immediately below 540.0
metres is almost exclusively chalcopyrite, with only minor bornite
observed. In contrast, most high grade copper/gold intervals observed on
the western portion of the deep East zone host significant and sometimes
dominant bornite.

Partial results to 927.5 metres depth are also available for drill hole
RC09-349 which was collared 110 metres to the northeast of RC07-335.
Drill hole RC09-349 intercepted 537.5 metres grading 0.86% copper and
0.99 g/t gold mineralization from 390.0 metres depth. Similar to hole
RC09-350, RC09-349 was collared within the perimeter of the proposed pit
but the 242.5 metres drilled within the pit limits did not encounter any
intervals of greater than 0.2% copper. This hole has been completed and
final results are expected from the lab soon.

The significant intervals encountered in the two holes are provided
below.

--------------------------------------------------------------------------
Total Interval Interval Interval
Drill Length from To Length Copper Gold Silver
Hole# Zone (m) (m) (m) (m) % g/t g/t

RC09-349 East 1150.6 3.1 242.5 239.4 0.10 0.09 0.23
390.0 927.5 537.5 0.86 0.99 1.14
532.2 735.5 203.3 0.96 1.15 1.32
866.6 919.9 53.3 1.83 2.62 2.60
RC09-350 East in progress 3.7 220.0 216.3 0.17 0.12 0.22
540.0 692.5 152.5 4.12 8.83 10.45
--------------------------------------------------------------------------

The 2009 drill program continues with drill holes RC09-350 and 351 in
progress at the time of this release. The Company expects to have
completed eight holes (RC09-345 to RC09-352) in the current program prior
to the winter break. Drilling of the deep East zone and other targets
will resume early 2010. When RC09-351 is completed, a 400 metre strike
length of the favourable unit in the East zone will have been tested to
depth between it and RC09-350.

Steve Robertson, PGeo. is the Qualified Person as defined by National
Instrument 43-101 for the exploration program at Red Chris. Samples for
the diamond drilling reported at Red Chris were analyzed at Acme
Analytical Laboratories in Vancouver. A full QA/QC program using blanks,
standards and duplicates was maintained for all samples submitted to the
labs. The deeper portion of the Red Chris porphyry mineralization is in
the early stage of exploration and may be irregular in shape so true
thicknesses have not been estimated. A drill plan and cross section will
be available on the Company's website.

The Red Chris property in northern British Columbia is situated 18
kilometres southeast of the village of Iskut. Access to the property from
pavement at Highway 37 is six kilometres along the Ealue Lake Road, and
17 kilometres along the newly constructed Red Chris access road.

Imperial is a mine development and operating company based in Vancouver,
British Columbia. The Company's key properties are the Mount Polley open
pit copper/gold producing mine in central British Columbia, the
Huckleberry open pit copper/molybdenum producing mine in northern British
Columbia, the development stage Red Chris copper/gold property in
northwest British Columbia, and the development stage Sterling gold
property in southwest Nevada.

Contacts:
Imperial Metals Corporation
Brian Kynoch
President
604.669.8959
604.687.4030 (FAX)

Imperial Metals Corporation
Patrick McAndless
Vice President Exploration
604.488.2665

Imperial Metals Corporation
Sabine Goetz
Investor Relations
604.488.2657
info@imperialmetals.com
www.imperialmetals.com

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