Ivernia Announces Details for Special Meeting of Shareholders and Files Management Information Circular

TORONTO, ON--(Marketwired - September 21, 2015) - Ivernia Inc.(TSX: IVW) ("Ivernia" or the "Company") is pleased to announce the details of the special meeting of Ivernia's shareholders (the "Meeting").

The Meeting is scheduled for 10:00 a.m. (Eastern Time) on Wednesday, October 28, 2015 at:

Offices of Stikeman Elliott LLP
Suite 5300, Commerce Court West
199 Bay Street, Toronto, Ontario M5L 1B9

At the Meeting, shareholders of Ivernia will be asked to consider and, if deemed fit, to approve: (i) Ivernia's acquisition of all of the issued and outstanding common shares of Geo Zone Exploration Limited ("Geo Zone") and the conversion of approximately C$12.464 million of outstanding debt owed by the Company to Enirgi Group Corporation into Ivernia common shares (collectively, the "Transaction"); (ii) changing the name of the Company from "Ivernia Inc." to "Leadfx Inc." (the "Name Change"); and (iii) the consolidation of the outstanding common shares of the Company at a ratio of a minimum of 50:1 and a maximum of 100:1 (the "Consolidation"). The Company received conditional approval from the Toronto Stock Exchange for the Transaction, Name Change and Consolidation on September 16, 2015.

The Company has entered into five voting and support agreements with certain disinterested shareholders of Ivernia that control approximately 22% of Ivernia's current issued and outstanding Ivernia common shares (or over 50% of the shares that are eligible to be voted on the Transaction at the Meeting), among other things, to vote in favour of the Transaction at the Meeting. "We are very pleased that key shareholders holding the majority of shares eligible to be voted on the Transaction at the Meeting have provided their written support for the Transaction and strongly urge all shareholders to vote in favour of the Transaction at the Meeting", noted Mr. Robert Metcalfe, Chair of the Special Committee.

Full details of the Transaction are included in the management information circular of Ivernia and the valuation report of RPA Inc. which are filed on SEDAR at www.sedar.com, and available on Ivernia's website, www.ivernia.com.

Management will host a webcast at its Meeting commencing at 10:00 a.m. (Eastern Time) which will include a management presentation. The Meeting will be webcast live on the Ivernia website at www.ivernia.com. A webcast replay will remain available after the Meeting on the homepage of the Ivernia website at www.ivernia.com for approximately 90 days.

The Company has elected to use the notice-and-access ("Notice-and-Access") system recently adopted by the Canadian Securities Administrators in accordance with National Instrument 54-101. In accordance with the Notice-and-Access system, a notice and form of proxy (or voting instruction form, as applicable) (the "Notice Package") will be mailed to registered shareholders and non-registered shareholders of the Company on or before September 28, 2015. The notice provides instructions regarding the website availability of the Notice of Meeting and the management information circular (collectively, the "Meeting Materials"). Shareholders also have the ability to immediately access the Meeting Materials on SEDAR, www.sedar.com, and on Ivernia's website, www.ivernia.com. Instructions on how to request a paper copy of the Meeting Materials can be found in the Notice Package. The use of Notice-and-Access will significantly reduce the Company's printing and mailing costs and is also more environmentally friendly as it reduces paper use.

About Ivernia

Ivernia is an international lead metal mining company and the owner of the Paroo Station Mine (the "Mine"), located in Western Australia. Ivernia trades under the symbol "IVW" on the Toronto Stock Exchange. Ivernia and the Mine operate under a management services arrangement with Enirgi Group Corporation, Ivernia's majority shareholder. On January 16, 2015 the Mine was placed on care and maintenance amid difficult market conditions.

Additional information on Ivernia is available on the Company's website at www.ivernia.com and on SEDAR at www.sedar.com.