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Press release from Marketwire

Imperial Files Red Chris Technical Report

Tuesday, February 14, 2012

Imperial Files Red Chris Technical Report18:12 EST Tuesday, February 14, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2012) -Imperial Metals Corporation (TSX:III) reports it has filed on SEDAR today, a National Instrument 43-101 compliant 2012 Technical Report on the Red Chris Copper-Gold Project (the "2012 Report").The 2012 Report updates all exploration activities and mining plans of the Red Chris project to December 31, 2011, and was prepared by Greg Gillstrom, Senior Geological Engineer, Raj Anand, Manager Project Development, and Stephen Robertson, Exploration Manager. The Company released the updated resource for Red Chris on February 2, 2012. The 2012 Report will be available on www.sedar.com and www.imperialmetals.com.The Red Chris project is located in northwest British Columbia, approximately 18 kilometres southeast of the Iskut village, 80 kilometres south of Dease Lake, and 12 kilometres east of the Stewart-Cassiar Highway (Highway 37).Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company's key properties are two open pit mines: Mount Polley copper/gold mine and Huckleberry copper/molybdenum mine, both in British Columbia, as well as the development stage Red Chris copper/gold property in British Columbia and the Sterling gold property in Nevada.Document available on www.imperialmetals.com:(1) Red Chris Technical Report Cautionary Note Regarding "Forward-Looking Information":This news release contains "forward-looking statements" within the meaning of Canadian and United States securities laws. Except for statements of fact relating to the Company, certain information contained herein constitutes forward-looking statements.When we discuss current and future expectations or assumptions; future price of copper and gold; or other things that have not yet happened in this news release based on these calculations, we are making statements considered to be forward-looking information or forward-looking statements under canadian and united states securities laws. We refer to them in this news release as forward-looking information. the forward-looking information in this news release typically includes words and phrases about the future, such as: plan, expect, forecast, intend, anticipate, estimate, budget, scheduled, believe, may, could, would, might and will.We can give no assurance that the forward-looking information will prove to be accurate. It is based on a number of assumptions management believes to be reasonable, including but not limited to: the continued operation of the company's mining operations, that the mining operations will operate and the mining projects will be completed in accordance with their estimates and achieve stated production outcomes, and such other assumptions and factors as set out herein. It is also subject to risks associated with our business, including but not limited to: risks inherent in the mining and metals business; commodity price fluctuations and hedging; competition for mining properties; sale of products and future market access; mineral reserves and recovery estimates; currency fluctuations; interest rate risk; financing risks; environmental risks; foreign activities; legal proceedings; and other risks that are set out in our annual information form and management's discussion & analysis. If our assumptions prove to be incorrect or risks materialize, our actual results and events may vary materially from what we currently expect as set out in this news release.We recommend you review our annual information form and annual management's discussion and analysis, which include a discussion of material risks that could cause actual results to differ materially from our current expectations. Forward-looking information is designed to help you understand management's current views of our near and longer time prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.FOR FURTHER INFORMATION PLEASE CONTACT: Brian KynochImperial Metals CorporationPresident604.669.8959604.687.4030 (FAX)ORSabine GoetzImperial Metals CorporationInvestor Relations604.488.2657info@imperialmetals.comwww.imperialmetals.com