iMining Technologies Inc V.IMIN

iMining Announces the Sale of Digital Land

[Betteryear2]

Vancouver, British Columbia--(Newsfile Corp. - May 4, 2022) - iMining Technologies Inc. (TSXV: IMIN) (the "Company" or "IMIN") is pleased to announce that its subsidiary, Metaverse Advisory Group Inc. ("MAG"), has sold two parcels of digital land in Decentraland metaverse, represented by non-fungible tokens (the "Estate") to Sniper Resources Ltd. ("Sniper"), a British Columbia Company that is a reporting issuer in the Provinces of British Columbia, Alberta and Ontario. The acquisition of the Estate marks Sniper's first foray into this rapidly growing technological innovation. As consideration for the Estate, Sniper agreed to issue to MAG 26,250,000 common shares of Sniper ("Sniper Shares"), at a deemed price of $0.02 per Sniper Share, for aggregate consideration of $525,000.

iMining Announces the Sale of Digital Land in Decentraland Metaverse