IM Exploration Inc. provided an exploration update with respect to its Mulloy Project in Rowlandson Township, Ontario (the “Mulloy Project”). As previously announced on December 9, 2020, the Company staked a total of 104 cells adjoining the Mulloy Project, covering approximately 2,160 hectares (rather than the 3,760 hectares previously announced). These claims cover the most significant anomalies and targets in the historical Auden Property, which was owned by GTA Resources and Mining Inc. until 2018. The Company's primary technical consultants, ClaimHunt Inc. of Vancouver, Canada, have now completed an in-depth data compilation and analysis (the "Data Compilation") with respect to the Mulloy Project and surrounding vicinity, in order to define targets for potential 2021 exploration efforts at the Mulloy Project. Highlights of the Data Compilation include: Extensive drilling, sampling and geophysical surveys across the expanded Mulloy Project. Numerous undrilled targets and geophysical anomalies defined in previous exploration programs across the historical Auden Property, the key features of which have been captured by the Company's expanded Mulloy Project. Drill intercepts with anomalously high gold (Au), copper (Cu), and platinum-group elements (PGE) results across a geophysical trend measuring approximately 11.5 kilometres, in addition to numerous other undrilled targets.