Intrepid Metals Outlines New Clanton Zone with 2.19% Copper over 24.35m within 0.80% Copper over 71.70m at Corral Copper

Executive Summary

• Intrepid Metals announced assay results from the newly identified Clanton Zone at its flagship Corral Copper Property in Arizona.
• Hole CC25_040 intersected a significant 71.70 m interval averaging 0.88 % CuEq, including higher‑grade sub‑intervals of 2.30 % and 5.32 % CuEq.
• Hole CC24_016 returned an even longer 198 m intercept at 0.93 % CuEq, with a 72.20 m sub‑interval grading 1.73 % CuEq, underscoring the zone’s exploration potential.

Key Details

• Program Scope: Completed 2025 drill program – 21 holes totaling 5,765.4 m across Clanton, Ringo, Earp, and Holliday zones; results for final six holes pending.
• Clanton Zone Geometry: Traced >180 m strike length, ~25‑30 m thickness, east‑dipping, CRD‑style Cu‑Au‑Ag mineralization separated from Ringo by West Star Hill Fault.
• Hole CC25_040 (latest hole):
• 71.70 m @ 0.88 % CuEq (incl. 24.35 m @ 2.30 % CuEq, 7.90 m @ 5.32 % CuEq).
• Detailed composited intervals:
  • 71.70 m @ 0.80 % Cu, 0.10 g/t Au, 5.35 g/t Ag (0.88 % CuEq)
  • 24.35 m @ 2.19 % Cu, 0.17 g/t Au, 11.59 g/t Ag (2.30 % CuEq)
  • 7.90 m @ 5.54 % Cu, 0.24 g/t Au, 16.19 g/t Ag (5.32 % CuEq)
• Hole CC24_016: 198.00 m @ 0.93 % CuEq (incl. 72.20 m @ 1.73 % CuEq).
• Other Notable Intercepts (selected from Table 1):
• 71.70 m @ 0.80 % Cu, 0.10 g/t Au, 5.35 g/t Ag (0.88 % CuEq) – same as above.
• 77.55 m @ 0.11 % Cu, 0.06 g/t Au, 2.21 g/t Ag (0.15 % CuEq).
• Drill Hole Logistics: Holes drilled between 2025‑04‑28 and 2025‑09‑27; depths ranging from ~212 m to 391 m; azimuths primarily 0° or 215‑250°.
• QA/QC: Reviewed by Technical Advisor Daniel MacNeil, P.Geo.; no significant QA/QC issues identified. Core sampled at ~2 m intervals; analysis performed by ALS Geochemistry (ISO‑17025/9001 accredited).
• Forward‑Looking Statements: Management expects the Clanton discovery to expand the Corral footprint and support long‑term growth; future financing, permitting, and additional drilling assumed.

Notable Quotes

“The latest results from Corral continue to build on the momentum we’ve established… The discovery of a new zone south of Ringo is particularly exciting, as it expands our exploration footprint and unlocks further opportunities to create shareholder value.” – Mark Morabito, Chairman & CEO

Materiality Assessment: Material – Positive (new high‑grade intercepts in a previously undefined zone materially enhance the project's exploration outlook).