diff --git a/cement/core/foundation.py b/cement/core/foundation.py
index bf231768..3459bbfe 100644
--- a/cement/core/foundation.py
+++ b/cement/core/foundation.py
@@ -18,15 +18,7 @@ from ..ext.ext_argparse import ArgparseController as Controller
 
 join = os.path.join
 
-# The `imp` module is deprecated in favor of `importlib` in 3.4, but it
-# wasn't introduced until 3.1.  Finally, reload is a builtin on Python < 3
-pyver = sys.version_info
-if pyver[0] >= 3 and pyver[1] >= 4:                # pragma: nocover  # noqa
-    from importlib import reload as reload_module  # pragma: nocover  # noqa
-elif pyver[0] >= 3:                                # pragma: nocover  # noqa
-    from imp import reload as reload_module        # pragma: nocover  # noqa
-else:                                              # pragma: nocover  # noqa
-    reload_module = reload                         # pragma: nocover  # noqa
+from importlib import reload as reload_module
 
 
 LOG = minimal_logger(__name__)
diff --git a/cement/ext/ext_plugin.py b/cement/ext/ext_plugin.py
index 8029fe95..5bf7af2f 100644
--- a/cement/ext/ext_plugin.py
+++ b/cement/ext/ext_plugin.py
@@ -4,7 +4,7 @@ Cement plugin extension module.
 
 import os
 import sys
-import imp
+import importlib
 import re
 from ..core import plugin, exc
 from ..utils.misc import is_true, minimal_logger
@@ -82,12 +82,6 @@ class CementPluginHandler(plugin.PluginHandler):
                 exists.
 
         """
-
-        # FIX ME: `imp` is deprecated in Python 3.4 and will be  going away
-        # so we need to update forward compatibility for ``importlib``.
-        #
-        # See: https://github.com/datafolklabs/cement/issues/386
-
         LOG.debug("attempting to load '%s' from '%s'" % (plugin_name,
                                                          plugin_dir))
 
@@ -95,16 +89,15 @@ class CementPluginHandler(plugin.PluginHandler):
             LOG.debug("plugin directory '%s' does not exist." % plugin_dir)
             return False
 
-        try:
-            f, path, desc = imp.find_module(plugin_name, [plugin_dir])
-        except ImportError:
+        spec = importlib.machinery.PathFinder().find_spec(plugin_name, [plugin_dir])
+        if not spec:
             LOG.debug("plugin '%s' does not exist in '%s'." %
                       (plugin_name, plugin_dir))
             return False
 
         # We don't catch this because it would make debugging a
         # nightmare
-        mod = imp.load_module(plugin_name, f, path, desc)
+        mod = spec.loader.load_module()
         if mod and hasattr(mod, 'load'):
             mod.load(self.app)
         return True