Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide assay results from two additional diamond drill holes from the Ringo Zone, part of the ongoing 2025 drill campaign at the Company's flagship Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona (see Figures 1 and 2 below). Although the Company continues to intersect copper-gold-silver mineralization that is consistent with carbonate replacement ("CRD") systems, Intrepid has identified multiple converging geological features that demonstrate the presence of one or more porphyry centers adjacent to current drilling (see Photos 1 - 3 below). The Company has identified: Taken together, these features form a coherent geological picture that significantly elevates Intrepid's confidence in the potential for a porphyry discovery beneath the CRD footprint at Corral Copper. "These results are pointing us toward something much larger at Corral," said Mark Morabito, Chairman and CEO of Intrepid Metals. "The alteration, the mineralized clasts, and the stockwork veins we're now seeing are precisely the indicators you expect when you're close to a porphyry center. Individually, each feature is consistent with porphyry proximity. Collectively, they indicate that we are vectoring toward the metal source for the entire Corral Copper system. This significantly elevates the discovery potential of the project as we prepare for the next phase." Highlights from Holes CC25_043 and CC25_044 CC25_043²: CC25_044: Evidence for Nearby Porphyry Deposit Carbonate replacement ("CRD") style copper-gold-silver-zinc mineralization is the dominant form of mineralization identified to date at Corral. However, Intrepid's technical team has recognized porphyry-style alteration and mineralization that strongly support the presence of a porphyry system in close proximity to the Company's current drilling. Widespread QSP (phyllic) alteration has been mapped across the target area (Photo 1). This style of alteration commonly forms a halo around the core of porphyry deposits and suggests that a hotter, mineral-rich potassic core (the part of the system that typically hosts the bulk of the copper and gold) is likely nearby. In addition, Intrepid's technical team have identified breccia clasts containing chalcopyrite and molybdenite, minerals that originate the mineralized core of porphyry deposits (Photo 2). The angular geometry of these clasts suggests a short transport distance, indicating they were ripped from a nearby porphyry source, likely within reach of diamond drilling. Shallow porphyry-style vein stockworks cross-cut white-mica-altered host rocks (Photo 3). These vein networks are consistent with the upper levels of porphyry systems and commonly occur directly above and/or adjacent to the mineralized core. Taken together, these indicators provide multiple independent lines of evidence that the Corral Copper Property has potential for previously unrecognized bulk-tonnage porphyry copper-gold deposits and that the widespread CRD style mineralization identified to date can be leveraged to vector toward this style of mineralization. Photo 1: Widespread QSP and oxidized D veins and quartz veinlet stockworks. Extensive QSP consistent with a phyllic halo around porphyry systems. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/274871_intrepid1.jpgPhoto 2: Breccia clasts with chalcopyrite – molybdenite B-veins. Clasts containing chalcopyrite and molybdenite bearing quartz veins (minerals typically formed deep inside a porphyry system) suggesting that pieces of the porphyry core were broken off and transported. Angular nature of clasts suggests a short transport distance, suggesting that the porphyry center is within reach of current drilling. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/274871_intrepid2.jpgPhoto 3: Widespread shallow porphyry-style veins stockworks. Cross-cutting porphyry-style veins demonstrate the fluid flow pathways that fed the system. This geometry and intensity can occur in close spatial association with a porphyry core or center. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/274871_intrepid3.jpgFigure 1: Drill plan map from the Ringo Zone at Corral Copper. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/274871_abb59a566...