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INV Metals Inc. Announces Election of Directors and Ten for One Share Consolidation

TORONTO, ONTARIO -- (Marketwired) -- 06/25/14 -- INV Metals Inc. ("INV Metals" or "Company") (TSX: INV), is pleased to announce that the nominees listed in the Company's management information circular dated May 21, 2014 (the "Circular") for the 2014 Annual and Special Meeting of Shareholders (the "Meeting") were elected as directors of INV Metals. Detailed results of the vote for the election of directors held at the Meeting earlier today are set out below:


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Nominee                 Votes For       % For   Votes Withheld    % Withheld
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Robert Bell           334,050,373    (83.19%)       67,505,500      (16.81%)
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James Clucas          334,050,373    (83.19%)       67,505,500      (16.81%)
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Parviz Farsangi       385,506,873    (96.00%)       16,049,000       (4.00%)
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Eric Klein            385,526,873    (96.01%)       16,029,000       (3.99%)
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Terrance MacGibbon    334,068,373    (83.19%)       67,487,500      (16.81%)
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Robert Pollock        385,526,873    (96.01%)       16,029,000       (3.99%)
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In addition, the resolution with respect to the appointment of PricewaterhouseCoopers LLP as the auditors and the special resolution approving an amendment to the Company's articles of incorporation to consolidate its issued and outstanding common shares ("Common Shares") on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares, both as further described in the Circular, were passed at the Meeting. For additional details on the voting results with respect to these matters please refer to the Report of Voting Results of the Company which is filed on SEDAR at www.sedar.com.

The Company is also pleased to announce that the Company's Board of Directors has authorized the implementation of the Consolidation, effective on or about June 27, 2014.

The approximately 494 million Common Shares currently outstanding will be reduced to approximately 49.4 million Common Shares, as approved by shareholders at the Meeting. No fractional shares will be issued. Any fractions of a share will be rounded down to the nearest number of Common Shares that is a multiple of 10. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options, restricted share rights and warrants will be proportionately adjusted upon consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their Common Shares for replacement certificates representing the number of Common Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing Common Shares prior to the Consolidation will be deemed for all purposes to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation.

The Consolidation has received conditional approval from the Toronto Stock Exchange (the "TSX"). The Common Shares will continue to be traded on the TSX under the symbol "INV" on a post-consolidation basis, under a new CUSIP number - 46123C207. The Company's Common Shares are expected to begin trading on a post-consolidation basis on the TSX when markets open on July 2, 2014.

About INV™ Metals

INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Ecuador, Namibia and Brazil. Currently, INV™ Metals' primary assets are: (1) its 100% interest in the Loma Larga (formerly Quimsacocha) gold property in Ecuador, (2) its 35% interest in the Kaoko property, located in Namibia and (3) its 50% interest in the Rio Novo southern claims, located in Brazil.

Forward-Looking Statement

This press release contains certain forward-looking statements, including statements in respect of the Consolidation. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of INV Metals to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to government regulation and other risks and uncertainties related to the Company's prospects, properties and business strategy. For a more detailed discussion of such risks and other factors, refer to INV Metals' annual information form filed with Canadian securities regulators available on www.sedar.com.

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