IMA I Minerals Inc

I-Minerals Inc. (TSX VENTURE:IMA)(PINKSHEETS:IMAHF) (the "Company") announces it
has commenced an infill drill program with the objective of upgrading the
Probable Reserve as set out in the Company's Pre-Feasibility Study to a Proven
Reserve, (see I-Minerals Press Release of January 3, 2013 or the full 43-101
report filed on the Company's website and SEDAR). The current Probable Reserve
of 3.995 million tons ("mt") containing 2.243 mt of high purity quartz sands,
0.897 mt of k-feldspar sand, 0.709 mt of kaolinite clay and 0.147 mt of
halloysite clays was based upon drilling at 200 foot centres. The process of
upgrading the reserve to a Proven Reserve requires the drill spacing to be
reduced to 100 foot centres. This will require up to 160 holes being completed.
However given that the targeted horizon is areas where the underlying Thatuna
Granodiortite has been weathered to a sand/clay-like material referred to as
"primary clay", all of the holes will be short, with most less than 100 feet.
Drilling is expected to take up to 90 days with the Proven Reserve estimate
expected to be completed in Q1 2014


The second objective of the drill program is to identify areas of the primary
clay that contain increased percentages of halloysite. The prefeasibility study
which estimated an after tax NPV6 of $150 million with a 28% IRR, 3 year payback
and only $67 million in initial capital costs ($84 million including life of
mine sustaining capital), assumed the halloysite reserves were sufficient to
support only about 10 years of production. Hence, if all other inputs into the
Pre-Feasibility Study remained unchanged, success in identifying additional
halloysite clay reserves could be expected to improve the valuations in the
Pre-Feasibility Study. The Company has reassessed core from early reconnaissance
level drilling in an area known as "Kelly's Hump" which indicates higher
halloysite concentrations in this area. Several holes will also test this area
as it is closer to the proposed mill site.


"Upgrading the reserve to a Proven Reserve is a critical step in the completion
of our full Feasibility Study on the Bovill Kaolin Project," stated Tom Conway,
President and CEO of I-Minerals Inc. "Given much of our forecast production will
ultimately be sold into markets related to US housing and consumer products -
sectors of the economy which are on the rebound we are very optimistic about the
future prospects of I-Minerals Inc."


A. Lamar Long, CPG, is a qualified person ("QP") for I-Minerals Inc. and has
reviewed and approved the contents of this release.


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.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


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

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