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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2010) - i-minerals inc. (the "Company") (TSX VENTURE:IMA) announces that the Company's wholly owned subsidiary i-minerals USA inc.'s application for a surface lease from the Idaho Department of Lands ("the IDL") has been presented to the public pursuant to the standard State requirement to hold a meeting with local County Commissioners and one with local citizens (the "Surface Lease"). The Surface Lease covers a small tract of State land in the vicinity of the Company's Mineral Leases upon which the Company is proposing to construct the mill facility to process material from the Kelly's Basin Deposit (the "Surface Lease Lands"). The pertinent issues brought before the Commissioners and local Bovill public consisted of explaining the need for a 29 year lease instead of the standard 10 year lease.

With the meetings with local county commissioners and local citizens having been completed, i-minerals inc. will request IDL that a final surface lease be presented to the Idaho Board of Land Commissioners at the regularly scheduled June 2010 meeting. The meeting with the local county commissioners was successfully concluded on May 19, 2010. The meeting with the local citizens was held May 26, 2010 with majority of those in attendance clearly supporting the project. Acceptance of the Surface Lease by the Idaho Board of Land Commissioners at the June meeting would finalize the terms of the Surface Lease if approved by the Idaho Board of Land Commissioners.

i-minerals inc. is working to permit the resumption of feasibility work on the Surface Lease Lands once appropriate bonding and insurance are in place. If a temporary permit and initial bonding process are obtained, i-minerals inc. would be able to resume project feasibility and mine permitting work in advance of the June 2010 meeting of Idaho Board of Land Commissioners.

With respect to the project feasibility and mine permitting, i-minerals has received written timelines from SRK Engineering USA Inc. ("SRK") for the completion of the feasibility and Tetra Tech Environmental ("Tetra Tech") for the completion of the mine permitting process on the Kelly's Basin phase of the Company's Helmer–Bovill project. SRK has indicated they believe a draft feasibility study can be prepared about 120 days after i-minerals gains access to the Surface Lease Lands. Similar to SRK, Tetra Tech has indicated the permitting process should be sufficiently completed to allow the Company to start the process of pursuing funding of the capital costs about 150 to 180 days after securing access to the Surface Lease Lands.

"The Surface Lease Lands offer significant logistical advantages for the project as both natural gas and electricity are essentially onsite and the access to the state highway network is close at hand," commented Roger Kauffman, president and CEO of i-minerals. "The process to secure access to this ground was more complex and less timely than we anticipated, but we are confident that we can develop a project that will provide economic benefit to the local constituents and attractive returns to our shareholders. We are anxious to get back to work."

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. Neither the Idaho Department of Lands, State of Idaho, nor the Idaho State Board of Land Commissioners accepts responsibility for the adequacy or accuracy of this News Release.

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.