PI Financial Corp Issues New Buy Recommendation on Imperial Metals - Video Research Alert Posted on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2013) - PI Financial Corp. issued a new buy recommendation on Imperial Metals (TSX: III). Following a recent property visit, analyst Aleem Ladak upgraded Imperial Metals from a neutral to a buy, increasing his 12 month target to $14.20, a premium of 24% to the $11.49 price the day the report was issued.

InvestmentPitch.com has produced a "video research alert" based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Imperial" in the search box.

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The well-attended site tour included the Mount Polley open pit copper/gold mine, the Huckleberry open pit copper/moly mine, and the Red Chris copper/gold property all located in British Columbia.

The 100% owned Mount Polley is expected to produce 38.5 million pounds copper and 43,000 ounces gold in 2013. At the 50% owned Huckleberry, 2013 copper production is estimated to be 40 million pounds.

Development at the wholly owned Red Chris mine is proceeding with 91% of the engineering complete as of June 30, 2013. The current mine plan proposes an open pit which will be 400 metres deep and 1 kilometre wide. The mill will have a design capacity of 30,000 tonnes per day. Management estimates the tailings dam is roughly 25% complete and will complete the entire dam raise in 8 weeks. The cost of constructing the Red Chris mine is estimated to be $500 million, with commissioning scheduled to start in May 2014.

After attending the site and discussions with management with regards to the status of financing options available, PI Financial now believes Imperial Metals will have minimal trouble in raiding the required capital through either debt or equity financing.

Analyst Aleem Ladak stated, "We recommend investors begin to take positions or increase their position in Imperial before the debt financing is in place which we believe will positively impact the share price. Based on existing proven and probable reserves, we estimate Red Chris has the potential to produce an average of 74 million pounds of copper per year until 2042."

The company currently trades at $12.40, below the $14.20 target price, and with 74.4 million shares outstanding, the company is capitalized at $923 million.

For more information, please visit the company's website www.imperialmetals.com or contact Sabine Goetz at 604-488-2657 or email investor@imperialmetals.com.

For more information about PI Financial or to obtain a copy of their research report, contact your nearest PI Financial office. Their branches are listed on their website at www.pifinancialcorp.com.

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