IMV Inc IMVIF

RE:RE:new cfo hire on hold?

[Biotech010]

The Corporation is governed by the Canada Business Corporations Act (“CBCA”), which requires that at least 25 percent of directors be Canadian residents. Given the timing of the decision of Mr. Sheldon not to stand for re-election, only one person nominated for election as director would have been a Canadian resident: Shermaine Tilley, PhD. To ensure compliance under CBCA requirements, we are nominating Brittany Davison CPA, CA, a current employee of IMV, for election as director while the Board continues its review of additional, fully independent, Canadian residents with significant biopharmaceutical industry and board expertise as a replacement for Mr. Andrew Sheldon.