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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.840-1.4%3:49 PM EST
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To: Roman de Guzman who wrote ()11/19/1996 10:24:00 PM
From: Roman de Guzman   of 1366
 
News released today

FOR: IMPERIAL METALS CORPORATION

TSE SYMBOL: IPM

AND REGIONAL RESOURCES LTD.

TSE SYMBOL: RGL

NOVEMBER 19, 1996

Imperial Metals and Regional Resources Shareholders
Approve Merger

VANCOUVER, BRITISH COLUMBIA--Imperial Metals Corporation and
Regional Resources Ltd. are pleased to announce that Regional
shareholders have voted strongly in support of the plan of
arrangement to merge the two companies. Specifics of the merger
are contained in the Information Circular previously mailed to
Regional shareholders.

Regional's principal asset is an 82.15 percent interest in the
Midway Project, an advanced stage silver-lead-zinc property in the
Watson Lake district of northern British Columbia. The Midway
Project currently has mineable reserves of 1,377,000 tonnes
grading 317 g/t (9.3 oz/t) silver, 5.8 percent lead, and 8.3
percent zinc with significant potential for expansion. In
addition to the Midway Project Regional also has cash and cash
equivalents in excess of $4.7 million.

On October 10, 1996 Imperial completed the purchase of the
remaining 17.85 percent interest in the Midway Project directly
from AEC West Ltd. for $400,000 cash.

Final court approval was received today with the formal closing of
the transaction scheduled for next week. Letter of Transmittal
and Election Forms will be mailed immediately thereafter.

The addition of the Midway Project to Imperial's mineral property
portfolio will provide Imperial with additional opportunities to
become a multi mine producer.

-30-
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