Intrepid amends options with Cave Creek, Bronco Creek

Mr. Ken Engquist reports INTREPID METALS AMENDS PROPERTY AGREEMENTS Intrepid Metals Corp. has entered into an agreement to amend the share purchase option agreement dated Feb. 14, 2023, as amended March 17, 2025, with Cave Creek Copper Inc. and the shareholders of Cave Creek to acquire 100 per cent of the shares of Cave Creek, which holds a portion of the Corral copper project located in Cochise county, Arizona. The CC amendment provides for an extension to make certain cash payments to Nov. 30, 2025. Subject to the approval of the TSX Venture Exchange, in return for the extension, the cash payment amount shall be increased by $20,737.50 to $435,487.50, 38,725 common shares shall be issued and 220,000 warrants shall be issued in each case to Cave Creek shareholders. Each warrant shall be exercisable for a common share for a period of one year at an exercise price of 42 cents per common share. The company also announces that it has entered into an agreement to amend the option to purchase agreement dated Aug. 24, 2022, as amended Aug. 16, 2024, with Bronco Creek Exploration Inc., to acquire a 100-per-cent interest in the Mesa Well copper property located in south-central Arizona's copper porphyry belt. The Mesa amendment restructures the work commitment such that the full $2-million (U.S.) work commitment must be completed by the fifth anniversary in August, 2027. This removes the requirement for yearly expenditure minimums. Subject to the approval of the TSX-V, in return for the amendment, the company shall make an additional cash payment of $25,000 (U.S.) and issue 50,000 common shares upon TSX-V approval. In addition, on the fourth anniversary in August, 2026, the company shall make an additional $25,000 (U.S.) cash payment and issue an additional 50,000 common shares. The CC amendment and Mesa amendment are subject to the approval of the TSX-V. About Intrepid Metals Corp. Intrepid Metals is a Canadian company focused on exploring for high-grade essential metals such as copper, silver and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, United States. The company has acquired or has agreements to acquire several drill-ready projects, including the Corral copper project (a district-scale advanced exploration and development opportunity with significant shallow historical drill results) and the Tombstone South project (within the historical Tombstone mining district with geological similarities to the Taylor deposit, which was purchased for $1.3-billion in 2018, though mineralization at the Taylor deposit is not necessarily indicative of the mineral potential at the Tombstone South project), both of which are located in Cochise county, Arizona, and the Mesa Well project (located in the Laramide copper porphyry belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange under the symbol INTR and on the OTCQB Venture Market under the symbol IMTCF. We seek Safe Harbor.