Vancouver, British Columbia - Newsfile Corp. - October 2, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide assay results from the new Clanton Zone at the Company's Flagship Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. The Company has completed its 2025 drill program at Corral, with a total of twenty-one drill holes (5765.4 meters ("m")) across the Clanton, Ringo, Earp, and Holliday zones. Assay results for the final six drill holes are still pending. The Clanton Zone is located roughly 200m south of the Ringo Zone and has been traced over 180m (see Figure 1 below). This new zone consists of carbonate replacement deposit ("CRD") style copper-gold-silver mineralization similar to Ringo but separated by the West Star Hill Fault. The latest drill hole, CC25_040 intersected 71.70m of 0.88% Copper Equivalent¹ ("CuEq") including 24.35m of 2.30% CuEq and 7.90m of 5.32% CuEq. The Clanton Zone also includes CC24_016, which intersected 198.00m of 0.93% CuEq including 72.20m of 1.73% CuEq. "The latest results from Corral continue to build on the momentum we've established, confirming the strength of the system and its potential to support long-term growth," said Mark Morabito, Chairman and CEO of Intrepid Metals. "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. Together, these advances underscore the significant upside that remains across the property."Highlights from Hole CC25_040: CC25_040²:

• 71.70m of 0.80% Copper ("Cu"), 0.10 grams per ton ("gpt") Gold ("Au") and 5.35 gpt Silver ("Ag") (0.88% Copper Equivalent ("CuEq")¹) including,
  • 24.35m of 2.19% Cu, 0.17 gpt Au and 11.59 gpt Ag (2.30% CuEq¹) including
  • 7.90m of 5.54% Cu, 0.24 gpt Au and 16.19 gpt Ag (5.32% CuEq¹).
• 26.40m of 0.07% Cu, 0.06 gpt Au and 3.27 gpt Ag (0.18% CuEq¹).
• 77.55m of 0.11% Cu, 0.06 gpt Au and 2.21 gpt Ag (0.15% CuEq¹).

New Zone at Corral Copper The emerging Clanton Zone is defined by 3 holes including CC24-16, CC_24_17, and CC25_40. The Clanton Zone is separated from the Ringo Zone by the northwest trending West Star Hill Fault and is a shallowly east-dipping open-ended lens of CRD mineralization that is continuous for at least 180 meters that is between 25 and 30 meters thick. Historic drilling in the area was used to guide exploration drilling south of the West Star Hill Fault. Figure 1: Drill plan map from the Ringo and Clanton Zones at Corral Copper To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/268808_81435f4774e858fe_001full.jpgTechnical Information All scientific and technical information in this news release has been reviewed and approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor 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 (including previously released Intrepid data 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 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 news release. As it relates to adjacent properties disclosed in this news release, Mr. MacNeil has been unable to verify the information and that the information is not necessarily indicative to the mineralization on the Corral Copper Property. Table 1: Drill Intercepts for the Ringo Zone¹

CC25_0402 COMPOSITE INTERCEPTS
DRILL HOLE DETAILS				ANALYZED GRADE				DILUTED METAL EQUIVALENT1
DRILL HOLE	FROM	TO	LENGTH	COPPER	GOLD	SILVER	ZINC	CUEQ	AUEQ
ID	(m)	(m)	(m)	(%)	(ppm)	(ppm)	(%)	(%)	(ppm)
CC25_40	19.90	21.50	1.60	0.01	0.14	3.20	0.00	0.11	0.15
CC25_40	33.60	36.55	2.95	0.01	0.14	0.70	0.00	0.09	0.13
CC25_40	39.30	42.95	3.65	0.01	0.14	1.28	0.00	0.10	0.14
CC25_40	47.20	118.90	71.70	0.80	0.10	5.35	0.46	0.88	1.21
Incl.	81.40	105.75	24.35	2.19	0.17	11.59	1.05	2.30	3.15
And	83.45	9...