News: NCM Imperial Metals To Enter Joint Venture With Newcrest Mining

March 10 (Reuters) - Imperial Metals Corp III.TO :

• IMPERIAL TO ENTER JOINT VENTURE WITH NEWCREST MINING
• IMPERIAL METALS - ENTERED AGREEMENT TO SELL A 70% INTEREST IN ITS RED CHRIS COPPER AND GOLD ASSET IN BRITISH COLUMBIA, CANADA TO NEWCREST MINING LTD
• ENTERED AGREEMENT TO SELL A 70% INTEREST IN ITS RED CHRIS COPPER AND GOLD ASSET IN BRITISH COLUMBIA FOR US$806.5 MILLION IN CASH
• CO AND NEWCREST WILL FORM JOINT VENTURE FOR OPERATION OF RED CHRIS ASSET GOING FORWARD, WITH NEWCREST ACTING AS OPERATOR
• CO RETAINING A 30% INTEREST IN MINE
• BMO CAPITAL MARKETS IS ACTING AS FINANCIAL ADVISOR TO COMPANY IN CONNECTION WITH TRANSACTION