IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(PINKSHEETS:IMAHF) ("the Company") has received
from SRK Consulting (US) Inc. in Lakewood, Colorado, the final draft of the
Technical Economic Model (TEM) for the Pre-Feasibility Study of is Bovill Kaolin
Project in Latah County, Idaho. Management will review the final draft TEM with
intensions to releasing the results of the analysis on or about January 3, 2013.
The final draft TEM results fit well with management expectations.


"We have been through several drafts of the TEM over the past six weeks or so,
but up until recently recognized that further optimization of the mine
scheduling would allow for the production of more consistent product mix,"
stated Thomas Conway. "This optimization has materially improved the results
from the preliminary results and we believe it prudent to review all of the
assumptions and inputs prior to press releasing the results. This would normally
only take a few days, but not everyone is available over the holidays."


I-Minerals Inc.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
I-Minerals Inc.
Barry Girling
877-303-6573 or 604-303-6573
604-684-0642 (FAX)
info@imineralsinc.com
www.imineralsinc.com


Encompass Communications Inc.
877-566-6592 or 604-630-0770
info@encompassinc.ca

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