Filed by Avantafile.com - I-Minerals Inc. - Exhibit 10.20





THIS FIFTH AMENDING AGREEMENT is made as of June 28,
2019.


AMONG:


	 	I-Minerals Inc., a body corporate,
continued under the laws of





 


	 	Canada, having its head office at Suite 880 — 580 Hornby Street,
Vancouver, British Columbia, Canada V6C 3B6





 


	 	(hereinafter called the "Company")





 


OF THE FIRST
PART 


AND:


	 	i-minerals USA Inc., an Idaho
limited liability company, having an office c/o the Company, at Suite 880 — 580 Hornby Street, Vancouver, British
Columbia, Canada V6C 3B6





 


	 	(hereinafter called the "Subsidiary")





 


OF THE SECOND PART


AND:






	 	BV Lending, LLC, an Idaho limited
liability company, having its head office at Suite 201 — 901 Pier View Drive, Idaho Falls, Idaho, U.S.A. 83402





 


	 	(hereinafter called "BV")





 


OF THE THIRD PART


WHEREAS:


	A. 	              Pursuant to an agreement among the parties dated June l,
2016, as amended by an amending agreement dated October 25, 2017 (hereinafter called the "First Amending Agreement"), as
further amended by an amending agreement dated January 19, 2018 (hereinafter called the "Second Amending Agreement"), as
further amended by an amending agreement dated March 20, 2018 (hereinafter called the “Third Amending Agreement”), as
further amended by an amending agreement dated March 27, 2019 (hereinafter called the “Fourth Amending Agreement”), with
the loan agreement dated June 1, 2016, as amended by the First Amending Agreement,  the Second Amending Agreement, the
Third Amending Agreement and the Fourth Amending Agreement hereinafter collectively called the "Loan Agreement", BV
agreed to advance certain funds to the Company to advance its Bovill Kaolin Project located in the State of Idaho,
U.S.A.;





 


	B. 	               The parties wish to further amend certain of the provision
of the Loan Agreement on the terms and conditions hereinafter set forth;





 


	C. 	       The Subsidiary is a wholly-owned subsidiary of the Company and is
the legal owner of the Helmer Bovill Property hosting the Bovill Kaolin Project in the State of Idaho, U.S.A., as
referred to in Recital A. herein;





 







NOW THEREFORE THIS FIFTH AMENDING AGREEMENT WITNESSETH that in consideration of these
presents and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by
each of the parties, the parties hereby agree as follows:


 


	1. 	BV hereby agrees to extend the
maturity of the Loan Agreement from June 30, 2019 to October 31, 2019.  Capitalized terms used herein and not otherwise
defined have the same meanings as contained in the Loan Agreement.





 


	2. 	Except as amended by this Fifth
Amending Agreement, all of the other terms and conditions of the Loan Agreement remain in full force and effect.





 


	3. 	Each of the parties agrees to do
and/or execute all such further and other acts, deeds, things, devices, documents and assurances and may be required in
order to carry out the true intent and meaning of this Fifth Amending Agreement.





 


	4. 	This Fifth Amending Agreement and
any certificate or other writing delivered in  connection herewith may be executed in any number of counterparts and any
party hereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and
all of which counterparts of this Fifth Amending Agreement or such other writing, as the case may be, taken together,
will be deemed to be one and the same instrument. The execution of this Fifth Amending Agreement or any other writing by
any party hereto will not become effective until each party hereto has executed a counterpart of this Fifth Amending
Agreement or any other writing, as the case may be.





 


	5. 	 Each of the parties hereto will
be entitled to rely upon delivery by facsimile of executed copies of this Fifth Amending Agreement and any certificates
or other writings delivered in connection herewith, and such facsimile copies will be legally effective to create a
valid and binding agreement between the parties in accordance with the terms and conditions of this Fifth Amending
Agreement.





 


	6. 	This Fifth Amending Agreement
shall enure to the benefit of and be binding upon the parties hereto and each of their successors and permitted assigns,
as the case may be.





 


IN WITNESS WHEREOF the parties have executed and delivered this Fifth Amending Agreement
as of the day and year first above written.


 


	
        Executed by

        I-Minerals Inc.

        in   the presence of:
	
         
	
         

	

        


        /s/ W. Barry
Girling                                                    


        Authorized   Signatory

         
	
         
	
         








 


	
         

        Executed by

        i-minerals USA Inc.

        in the   presence of:
	
         
	
         

	

        


        /s/   W. Barry
Girling                                                    


        Authorized   Signatory

         
	
         
	
         






 


	
        Executed by

        BV Lending, LLC

         

        By:       Ball Ventures, LLC, an Idaho
limited           liability company,   the Member

         

                    Per:     
/s/ Cortney
Liddiard                


                               
Cortney Liddiard, CEO