Vancouver, British Columbia - Newsfile Corp. - August 6, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that it has entered into a Purchase and Sale Agreement (the "Agreement") with private owners for highly sought after patented mining claims (the "Viewsite Claims") immediately south/southwest of the Ringo Copper-Gold Zone at the Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. The Viewsite Claims are located within 2km of the Ivanhoe Electric ("Ivanhoe") claims, which Ivanhoe acquired following Intrepid's successful 2024 drill program. Please refer to Intrepid News Release dated January 15, 2025 for further details. The Viewsite Claims cover several prospective targets that are geologically consistent with mineralization previously encountered at the Ringo Zone, where drilling intersected 112.95m of 1.50% copper and 216.50m of 0.71% copper*. "The Viewsite Claims are strategically located between our high-grade Ringo Zone and the claims acquired by Ivanhoe following our highly successful 2024 drill program at Corral and securing these patented mining claims is a strategic step that strengthens our position in the district," said Ken Engquist, Chief Executive Officer of Intrepid. "Located immediately adjacent to our Ringo mineral rights, the Viewsite Claims host several compelling targets that we are eager to evaluate through upcoming exploration. An added advantage is that the Viewsite Claims are patented mining claims, which provide full ownership of both surface and mineral rights. This advantage streamlines permitting, increases operational flexibility, and adds long-term value to our portfolio." The Viewsite Claims add 348 acres of patented mining claims and increases the Company's land position to roughly 10,346 acres (4,187 hectares). They have excellent exploration potential, supported by geological, geophysical, and historical data. The Viewsite Claims share key characteristics with the adjoining Ringo Zone, including intensely altered multi-phase porphyry intrusions, porphyry style alteration (quartz-sericite-pyrite), and skarn and carbonate replacement style mineralization. Geophysical surveys reveal magnetic and resistivity features consistent with subsurface mineralization, together representing several priority targets. Historical drilling intersected anomalous copper, gold, and silver in several locations. The presence of reactive Paleozoic limestones, jasperoids, and supportive trace element geochemistry further demonstrate the potential for CRD-style mineralization. Complex structural fabrics, including stacked thrust faults and abrupt geological transitions, enhance the likelihood of mineralization. Zones of high-grade mineralization are present, underscoring the need for additional mapping and drilling. Overall, the Viewsite Claims are highly prospective for porphyry, CRD, and skarn-type systems and warrant continued exploration. The terms of the Agreement are as follows:

• Intrepid shall pay the vendor US$100,000 upon closing and the remaining balance of US$375,000 on or before January 31^st, 2026.
• No common shares or other securities are issuable pursuant to the Agreement.
• The vendor is arm's length to the Company.
• No finder's fees are payable in connection with this transaction.

*For additional technical information on the drill results disclosed in this news release, including data verification and QA/QC procedures, please refer to the Company's news releases entitled "Intrepid Metals Intersects 216.50m of 0.71% Copper Starting 29m from Surface at Corral Copper in Arizona" dated July 10, 2025 and "Intrepid Metals Drills 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq¹) at its Corral Copper Property in Arizona" dated July 9, 2024 available on SEDAR+ at www.sedarplus.ca and www.intrepidmetals.com. Mr. Daniel MacNeil, P. Geo, a consultant of the Company, is a Qualified Person ("QP") as defined by National Instrument 43-101. Mr. MacNeil has reviewed and approved the technical information disclosed in this news release. 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 8 billion pounds of copper¹. 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...