IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(PINKSHEETS:IMAHF) ("the Company") announces
that pursuant to its property agreement with Idaho Industrial Minerals, LLC
("IIM") as amended January 2010 (the "Property Agreement"), the Company has met
the required milestones of completing both a 43-101 compliant Feasibility Study
and the permitting process allowing the Company to produce potassium feldspar -
quartz sands from the WBL Tailings deposit. Upon Feasibility Study being
reviewed and accepted for filing by the TSX Venture Exchange, I-Minerals
delivered 1.3 million shares to IIM as required by the Property Agreement. 


This block of 1.3 million shares is the final payment provided by the Property
Agreement. Issuance of these 1.3 million shares plus the shares previously
issued to IIM brings the total balance of shares delivered to 1.75 million
shares. The Property Agreement provides that "(t)he Parties agree that with the
issuance of a total of 1,750,000 common shares of (the Company) to IIM, IIM
releases any and all interest in the (Property) and that IIM acknowledges that
it has received full and final consideration of the transfer rights to the
(Property) to (the Company)." The Company now holds a 100% interest in the State
of Idaho Mineral leases that comprise the Helmer-Bovill Property subject only to
a NSR payable to the Idaho Department of Lands.


"This is an important development for I-Minerals," commented Thomas Conway,
President and CEO of I-Minerals. "Beyond the near term production expected from
the WBL Tailings deposit, the combination of unencumbered title to the mineral
leases together with the recently completed Prefeasibility Study on the Bovill
Kaolin deposit provides control of, and valuation for, a robust mineral asset."


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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