Imperial Metals Corporation

Imperial Metals Corporation

January 16, 2007 19:15 ET

Imperial Purchases Common Shares of bcMetals Corporation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2007) - Imperial Metals Corporation (TSX:III) reports its wholly owned subsidiary CAT-Gold Corporation ("CAT-Gold") has purchased 110,300 common shares of bcMetals Corporation ("bcMetals") today through the TSX Venture Exchange representing approximately 0.29% of the issued and outstanding common shares of bcMetals. The highest price paid for bcMetals shares purchased today was $1.16 per share.

The documents for Imperial's formal offer and takeover bid ("Offer") to acquire all of the outstanding common shares of bcMetals and all of the out-of-the-money options and warrants of bcMetals were mailed and filed with securities regulators on January 4, 2007. The Offer is open for acceptance until Friday, February 9, 2007.

Since the date of the Offer, Imperial has purchased 1,164,800 shares of bcMetals at an average price of $1.15 per share. Imperial currently holds 8,554,494 (22.29%) of the issued and outstanding common shares of bcMetals.

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