IEMR Announces Loan with Related Party

IEMR RESOURCES INC.

Suite 600, 666 Burrard Street Vancouver, BC V6C 2X8

TSXV: IRI May 24, 2012

FOR IMMEDIATE RELEASE

IEMR Announces Loan with Related Party

(Vancouver, May 24, 2012) – IEMR Resources Inc. (TSXV: IRI) (“IEMR” or the “Company”) wishes to announce that it has borrowed the principal sum of US$200,000 (the “Principal”) from, and issued a promissory note (the “Note”) in respect of such indebtedness to, International Energy and Mineral Resources Investment Company Limited (Hong Kong) (the “Lender”) having a term of three years (the “Maturity Date”) from May 25, 2012 (the “Closing Date”). The Note bears interest on the outstanding Principal from the Closing Date to the Maturity Date at a rate of 6% per annum, payable on the Maturity Date.

The Company requires this loan to pay certain cash payments to Mosquito Consolidated Gold Mines Limited (“Mosquito”) pursuant to a property option agreement dated January 26, 2010, as amended on April 6, 2010 and May 31, 2010 with Mosquito and its wholly-owned subsidiary, Mosquito Mining Corp. (US). Please see news release of the Company dated January 27, 2010 for details on the option agreement with Mosquito.

The Lender is a “Related Party” of the Company pursuant to the TSX Venture Exchange (“TSXV”) policies, as Mr. Hongxue Fu, President, Chief Executive Officer and director of the Company, holds a controlling interest in the Lender. As such, the loan constitutes a “Related Party Transaction” under the TSXV policies.

The loan and the terms of the Note were unanimously approved by the directors of the Company, other than Hongxue Fu, who declared their relationship with the Lender and abstained from voting with respect to the loan, the Note and the documents and transactions related thereto. The directors eligible to vote with respect to the loan believe that it is in the best interests of the Company.

About IEMR Resources Inc.

IEMR is a junior mining company listed on the TSXV under the symbol “IRI”. The Company is directly tied to and has been formed from capital sources in China and Canada. IEMR is devoted to taking full advantage of its capital by participating in mineral and energy projects ranging from exploration, development, production, processing, smeltering and mineral trade with a long-term view. The Company’s emphasis is on the Chinese and Canadian markets utilizing the capital stemming from China and the resources and market of Canada to create a maximum return for shareholders. The Company’s investment priorities ranked in order are copper, chromium, nickel, manganese, uranium, platinum silver, diamonds and molybdenum. Investment and or acquisitions in exploration projects, will be focused in chromium, manganese, uranium and potash. The Company has already formed alliances of cooperation with large smeltering steel, copper, lead, zinc and aluminum companies.

For further information on IEMR, please refer to the Company’s profile on SEDAR at www.sedar.com or the Company’s website at www.iemr.ca.

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On behalf of the Board of Directors of

IEMR RESOURCES INC.

“Long Wang”

Long Wang Chief Financial Officer

For further information, contact: Long Wang, Chief Financial Officer IEMR Resources Inc.

Tel: 604-642-6199 Fax: 604-642-6162 E-mail: [email protected]

Cautionary Statement Regarding Forward-Looking Statements

Certain statements made and information contained herein may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation. These statements and information relate to future events, or the Company’s future performance. Often, but not always, forward-looking statements or information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “does not anticipate” or “believes” or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results “may”, “may have”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Although management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements speak only as of the date of the news release and are expressly qualified, in their entirety, by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV accepts responsibility for the adequacy or accuracy of this release.