iMining Board Approves Share Consolidation

July 22, 2022 Trading Symbol: IMIN

iMining Board Approves Share Consolidation
Vancouver, B.C. – iMining Technologies Inc. (TSX-V:IMIN) (the “Company” or “iMining”) announces
that the Board of Directors has approved a resolution consolidating the Company’s share capital on the
basis of every three outstanding shares of the Company being consolidated to one share.

Currently, the Company’s authorized share capital is an unlimited number of common shares without par
value, of which 99,736,265 shares are issued and outstanding, with a further 22,100,380 shares reserved for
issuance upon the exercise of existing stock options and warrants.

The Board of Directors believes that the share consolidation will provide the Company with greater
flexibility in developing its plans.

The proposed share consolidation is subject to acceptance by the TSX Venture Exchange. The Company
does not intend to undergo a name change in conjunction with the proposed consolidation.

Upon completion of the share consolidation, it is expected that there will be approximately 33,245,422
common shares issued and outstanding, subject to adjustment for fractional shares. The number and
exercise price of all share purchase warrants and stock options will be adjusted in accordance with the
consolidation ratio.

About iMining Technologies Inc.

iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining,
Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial
Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.

iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance
(“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and
infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise
market. The Company’s operations include secure and sustainable cryptocurrency payments, staking,
mining and digital asset investment designed for the scale and compliance requirements of institutional
clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive
access to digital tools and technologies.

Signed “Khurram Shroff”
Khurram Shroff, President & CEO


iMining Corporate Offices:
Saleem Moosa, Director
Email: investor@imining.com
Telephone: +1 (844) IMININC (464-6462)

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 release.

Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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