Option Agreement To Acquire Past-Producing Tungsten IMA Mine Project

VANCOUVER - Demesne Resources Ltd. has completed the first payment to IMA-1, LLC under the option agreement which it can acquire a 100% interest in and to the IMA Mine Project located in Idaho.

The IMA Mine is a past producing underground tungsten mine situated on 22 patented claims located in East Central, Idaho. With China controlling an estimated 80%+ of global tungsten extraction and processing.

CEO, Murray Nye, said, "Completing the first payment under the Option Agreement to acquire the IMA Mine Property is a major milestone for Demesne and our shareholders. The IMA Mine Property is expected to be a key portfolio asset, enhancing our ability to build on the mine’s past tungsten production and benefit from the capital that previous exploration companies invested to advance the IMA Mine Project. We are also fortunate that the asset is on patented ground and readily permittable. With the first payment under the Option Agreement satisfied, we can now focus on executing our potential next steps: verifying IMA’s historical resources, identifying additional mineralization, and driving toward a mine restart.”