IM Exploration Inc. (CSE: IM) (the " Company") is pleased to announce a non-brokered private placement financing for gross proceeds of up to $750,000 through the issuance of up to 5,000,000 units in the capital of the Company (the " Units") at a price of $0.15 per Unit (the " Offering"). Each Unit is comprised of one common share (each, a " Common Share") in the capital of the Company and one Common Share purchase warrant (each, a " Warrant"). Each Warrant shall entitle the holder to acquire one (1) Common Share at the exercise price of $0.25 for a period of thirty-six (36) months from the closing date of the Offering, provided however, that should the closing price at which the Common Shares trade on the Canadian Securities Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed CDN$0.50 for 10 consecutive trading days at any time following the date of issuance, the Company may accelerate the Warrant Term (the "