Intrepid Metals drills 42.5 m of 0.96% Cu at Corral

Mr. Ken Engquist reports INTREPID METALS INTERSECTS 42.5M OF 0.96% COPPER STARTING 15M FROM SURFACE AT EARP ZONE AT CORRAL COPPER IN ARIZONA Intrepid Metals Corp. has released assay results from holes drilled at the Holliday and Earp zones as part of the continuing 2025 drill program at the company's Corral copper property in Cochise county, Arizona. To date, eight holes have been drilled at Ringo, three at Holliday and three at Earp as part of the 2025 drill program for a combined total of 14 holes totalling 3,696 metres (m). The latest six holes continue to build on the encouraging mineralization identified in earlier drilling and further validate the potential of Corral as an emerging copper asset in a highly prospective district. 42.50 metres of 0.96 per cent Cu, 0.28 gram per tonne Au (gold) and 5.10 gpt Ag (1.05 per cent CuEq (copper equivalent)) from 15.00 m to 57.50 m in hole CC25_036 including: 16.35 m of 1.68 per cent Cu, 0.67 gpt Au and 8.29 gpt Ag (silver) (1.90 per cent CuEq); 1.30 m of 11.05 per cent Cu, 4.31 gpt Au and 30.60 gpt Ag (12.12 per cent CuEq). 44.55 m of 0.74 per cent Cu, 0.20 gpt Au and 35.00 gpt Ag (1.04 per cent CuEq) from 3.10 m to 47.65 m in hole CC25_033 including: 21.60 m of 1.47 per cent Cu, 0.36 gpt Au and 64.65 gpt Ag (1.92 per cent CuEq). "The first drill results of 2025 from the Holliday and Earp zones continue to deliver strong outcomes, building on the momentum from last year," said Ken Engquist, chief executive officer of Intrepid Metals. "Positioned northwest of Ringo, these results help define the true size of the corridor, filling in key gaps along the 3.5-kilometre trend and reinforcing our confidence in the scale and potential of this mineralized system." Highlights from holes CC25_031 to CC25_036 CC25_036 42.50 m of 0.96 per cent copper (Cu), 0.28 gram per ton (gpt) gold (Au) and 5.10 gpt silver (Ag) (1.05 per cent copper equivalent (CuEq)) including: 16.35 m of 1.68 per cent Cu, 0.67 gpt Au and 8.29 gpt Ag (1.90 per cent CuEq); 1.30 m of 11.05 per cent Cu, 4.31 gpt Au and 30.60 gpt Ag (12.12 per cent CuEq). CC25_035 65.45 m of 0.25 per cent Cu, 0.07 gpt Au and 2.39 gpt Ag (0.28 per cent CuEq) including: 18.95 m of 0.46 per cent Cu, 0.12 gpt Au and 2.96 gpt Ag (0.49 per cent CuEq). CC25_033 44.55 m of 0.74 per cent Cu, 0.20 gpt Au and 35.00 gpt Ag (1.04 per cent CuEq) including: 21.60 m of 1.47 per cent Cu, 0.36 gpt Au and 64.65 gpt Ag (1.92 per cent CuEq). CC25_032 97.80 m of 0.21 per cent Cu, 0.26 gpt Au and 5.82 gpt Ag (0.42 per cent CuEq) including: 48.20 m of 0.34 per cent Cu, 0.32 gpt Au and 6.77 gpt Ag (0.59 per cent CuEq); 3.35 m of 1.26 per cent Cu, 2.24 gpt Au and 14.43 gpt Ag (2.49 per cent CuEq). Economic geology of corral Precious and base metal mineralization at Corral is concentrated in structurally controlled northeast-dipping siliciclastic and carbonate sedimentary rocks including (oldest to youngest) Cambrian Bolsa quartzite, upper-Cambrian Abrigo limestone, Devonian Martin limestone and Mississippian Escabrosa limestone as well as in Jurassic intrusions. The most intense mineralization occurs in the Abrigo and Escabrosa limestones (main host rocks) and locally in the Bolsa quartzite. These host rocks are intruded by Jurassic mineralized intrusions including the Star Hill, Copper Bell and Sniveler porphyries, quartz latite sills, in addition to discordant porphyry-style mineralized breccia bodies. The Corral copper property includes the Holliday, Earp and Ringo zones (northwest to southeast), which are related domains of discontinuously outcropping, locally high-grade CRD, skarn and distal porphyry style mineralization and associated supergene enrichment. The mineralization framework is interpreted as a distal porphyry copper geological environment. Recent geological mapping, sampling, prospecting and new drill hole data indicate that the Holliday, Earp and Ringo CRD/skarn zones are spatially separate expressions of magmatic-hydrothermal systems which each have root porphyry mineralization potential. A significant component of Intrepid's discovery strategy at Corral is to use alteration and mineralization zonation and the recent recognition of the structural framework to vector toward one or more mineralized porphyry copper centers (see news release dated April 15, 2025). Technical information All scientific and technical information in this news release has been prepared by, or approved by, Daniel MacNeil, PGeo. Mr. MacNeil is a technical adviser to the company and is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (or underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC (quality assurance/quality control) issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this release. Quality assurance and quality control Drill core was first reviewed by a geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labelled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab. All core samples were sent to ALS Geochemistry (ALS), a division of ALS Global, in Tucson, Ariz., for sample preparation, with pulps sent to the ALS Geochemistry laboratory in Reno, Nev., for analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015 for analytical procedures and is independent of the company. HQ size core was split and sampled over approximately two-metre intervals. Samples were analyzed using: ALS's fire assay fusion method (Au-AA23) with an AA finish for gold and by gravimetric finish (Au-GRA21) for samples assaying greater than 10 parts per million (gpt) gold; by a 36-element four-acid digest ICP-AES analysis (ME-ICP61) with additional analysis for ore grade Cu (Cu-OG62), ore grade Zn (zinc) (Zn-OG62) and ore grade Pb (lead) (Pb-OG62); and for silver assays above 100 ppm (g/t) by fire assay fusion method with gravimetric finish (Ag-GRA21). ME-ICP61 results were reported in parts per million (ppm), ore grade (OG62) results were reported in per cent. In addition to ALS quality assurance/quality control (QA/QC) protocols, Intrepid implements an internal QA/QC program that includes the insertion of sample blanks, duplicates and standards, with QA/QC control samples comprising approximately 10 per cent of the sample stream. About Corral copper The Corral copper property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise county, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than eight billion pounds of copper. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral. The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000 m of historical drilling at Corral mainly centred on the Ringo, Earp and Holliday zones, and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through continuing exploration drilling and surface geological mapping, sampling, and prospecting, is increasing confidence in the validity of these data. The Corral copper property is comprised of the Excelsior property, the CCCI properties, the Sara Claim Group and the MAN property. The company has completed the acquisition of the Excelsior property and Sara Claim Group through purchase and sale agreements. The company has the right to acquire the corporate group that holds the CCCI properties through an option agreement. The company has the right to acquire the MAN property through an option agreement. See the "Commitments" section of the company's most recently filed management discussion and analysis for further details. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral copper property can quickly become an advanced exploration stage project and move towards development studies. 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), 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.