IMX Resources Limited Board and Management Changes

West Perth WA (FSCwire) - IMX Resources (ASX: IXR, TSX: IXR, IXR.WT) advises a number of significant management changes at IMX as the board restructures the company to refocus its activities to exploration of its highly prospective Tanzanian assets.

Gary Sutherland the Company’s Managing Director will leave the company effective from 30 September 2014.

In addition, John Nitchske, former Chairman and acting Managing director, is resigning as Non-Executive Director, effective 31 July 2014.

IMX Chairman Dr Derek Fisher thanked Mr Sutherland and Mr Nitschke for their contributions to the Company.

“On behalf of the IMX Board, I would like to acknowledge John for his hard work and significant commitment to IMX over an extended period of time. I also thank Gary for his contribution during the short and difficult period he has been with IMX and I appreciate his continued involvement through to 30 September.”

“The Company is at a significant point in its evolution with its highly prospective Nachingwea tenements in Tanzania hosting multiple advanced prospects for nickel, graphite and gold, all of which can generate strong news flow over coming months.”

The Board and Management changes reflect the Company’s renewed focus on gold and graphite exploration and its commitment to significantly reduce corporate overhead costs and streamline its operations.

Mr Sutherland will continue to work closely with senior management in order to ensure a smooth transition.

The Company anticipates that Mr Sutherland’s replacement is likely to be finalised in the fourth quarter of this year.


DEREK FISHER
Chairman



For further information, please contact:

IMX Resources Limited
Derek Fisher, Chairman
Tel: +61 8 8311 1110

Phil Hoskins, Chief Financial Officer
Tel: +61 8 8311 1110

Media
Nicholas Read/Paul Armstrong – Read Corporate
Telephone: +61 8 9388 1474
E: info@readcorporate.com.au




About IMX Resources Limited

IMX Resources Limited is an Australian-based mining and exploration company, listed on the Australian Securities Exchange and Toronto Stock Exchange (‘TSX’), with projects located in Australia and East Africa.

In Australia, IMX is also progressing development options for its Mt Woods Magnetite Project. Studies indicate that a smaller scale, lower cost project may be developed utilizing infrastructure that has been used by the Cairn Hill Mine. Efforts to secure a partner to support development of the Mt Woods Magnetite Project are continuing.

In Africa, IMX owns the highly prospective Ntaka Hill Nickel Sulphide Project, located within the broader, 6,800km2 Nachingwea Exploration Property in south-eastern Tanzania which is prospective for nickel and copper sulphide, gold and graphite mineralization. Ntaka Hill is a potentially world-class nickel sulphide project which is being explored under a US$60 million exploration joint venture with MMG Exploration Holdings Limited.


Cautionary Statement: The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On 18 June 2014, IMX announced the appointment of Voluntary Administrators to Termite Resources NL (“Termite”). Termite is wholly-owned by an incorporated joint venture entity, the board of which comprises nominees of IMX and Taifeng Yuanchuang International Development Co., Ltd. Termite holds the joint venture's interests in the Cairn Hill Mine, located 55 kilometres south-west of Cooper Pedy in South Australia.

The first meeting of Termite creditors was held on 30 June 2014. The Voluntary Administrator's final report to creditors is expected to be issued on or around 15 September 2014 and the second meeting of creditors is anticipated to take place on or before 24 September 2014. IMX continues to assist the Voluntary Administrators as appropriate, towards finding the best possible outcome for Termite.

Visit: www.imxresources.com.au


Forward-looking Statements: This News Release includes certain “forward‐looking statements”. Forward-looking statements and forward-looking information are frequently characterised by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “could” occur. All statements other than statements of historical fact included in this release are forward‐looking statements or constitute forward-looking information. There can be no assurance that such information of statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such information. Important factors could cause actual results to differ materially from IMX’s expectations.

These forward-looking statements are based on certain assumptions, the opinions and estimates of management and qualified persons at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements or information. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, the ability of contracted parties to provide services as contracted, uncertainties relating to the availability and costs of financing needed in the future and other factors.

IMX undertakes no obligation to update forward-looking statements or information if circumstances should change. The reader is cautioned not to place undue reliance on forward-looking statements or information. Readers are also cautioned to review the risk factors identified by IMX in its regulatory filings made from time to time with the ASX, TSX and applicable Canadian securities regulators.