i-minerals inc.
TSX VENTURE : IMA

i-minerals inc.

August 08, 2008 12:13 ET

i-minerals inc.: US Army Corp of Engineers Approves Wetland Permit Application; Public Comment Period Begins

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2008) - i-minerals inc. (the "Company") (TSX VENTURE:IMA) announces that further to its press release of May 15, 2008 the US Army Corp of Engineers ("USACE"), the lead agency for the permitting process, has accepted the Section 404 Wetland Permit Application ("the Application") and approved the Application for public comment. The Application was submitted May 16, 2008 along with the preliminary National Environmental Policy Act ("NEPA") review for the Helmer Bovill project.

The Application was accepted under application number 2006-640-CO1, having a public notice date of August 7, 2008, with any comments due before the expiry of the 30 day period on September 6, 2008. Following the public comment period and response to substantive comments, the USACE will finalize the authorization of the permit.

"We have engaged some of the leading consultants in their permitting fields whose collective expertise has produced a thorough document," commented Roger Kauffman, president and CEO of i-minerals. "While there remain additional regulatory hurdles for i-minerals to overcome on route to securing a mine permit, we are optimistic that our data and documentation will satisfactorily address most issues and questions."

A. Lamar Long, CPG, is the Qualified Person ("QP") for the Helmer-Bovill project under NI 43-101 standards. He oversees the quality control and quality assurance program and the selection and preparation of all samples for metallurgical analysis and reviews all analytical results prior to public disclosure.

i-minerals inc.

Roger Kauffman, 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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