Vancouver, British Columbia - Newsfile Corp. - September 9, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide assay results from a step-out diamond drill hole 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. To date, Intrepid has competed seventeen drill holes (4602.35 meters ("m")) across the Ringo, Earp and Holliday zones, with an eighteenth hole currently underway at the Ringo Zone. The latest drill hole, CC25_037 intersected 140.80m of 0.36% CuEq¹ including 32.15m of 0.85% CuEq¹ and is located 50m north of CC24_018, which intersected 88.25m of 0.60% CuEq¹ including 28.30m of 0.94% CuEq¹ and roughly 90m northwest of CC24-019, which intersected 175.00m of 0.45% CuEq¹ (see Figure 1 below). "These latest results continue to demonstrate the consistency and scale of copper-gold-silver mineralization at our project. Step-outs to the north/northwest confirm grade continuity and the mineralized footprint, enhancing our confidence in the potential of this system," said Mark Morabito, Chairman and CEO of Intrepid Metals. "With each hole, we're not only validating our geological model but also building toward a district-scale opportunity. The strength of these intercepts, combined with the growing interest from major industry players, reinforces our belief that Corral Copper is emerging as one of the most compelling copper exploration stories in the Southwest. We're excited to continue advancing the program and unlocking value for our shareholders." Highlights from Hole CC25_037:

• - 140.80 meters ("m") of 0.27% Copper ("Cu"), 0.15 grams per ton ("gpt") Gold ("Au") and 3.37 gpt Silver ("Ag") (0.36% Copper Equivalent ("CuEq")¹) including,
  • 87.30m of 0.39% Cu, 0.18 gpt Au and 4.89 gpt Ag (0.49% CuEq¹) including
  • 32.15m of 0.66% Cu, 0.29 gpt Au and 9.87 gpt Ag (0.85% CuEq¹) including
  • 13.30m of 0.94% Cu, 0.40 gpt Au and 10.31 gpt Ag (1.15%CuEq¹).

Emerging Gold Mineralization The Corral Copper Project and the Bisbee Mining Camp ("Bisbee") (Copper Queen CRD Deposit, 53 M tonnes ('t") at 6% Cu and the spatially and genetically linked Lavender Pit Porphry Deposit with 223Mt at 0.63% Cu²) occur in similar geological settings and therefore share many features in common including favourable host rocks (Jurassic intrusions and Paleozoic and Cambrian carbonates sedimentary host rocks), alteration styles (decalcification, marbelization, calcsilicate/skarn, quartz-sericite-pyrite and potassic) and timing of mineralization (Jurassic). Both Corral and Bisbee are also gold enriched (Copper Queen produced approximately 2.8M ounces of gold and 77M ounces of silver, making it the largest gold producer in Arizona²) which is a feature that is not present in all CRD/Porphyry deposits globally. Intrepid has recognized and prioritized the contribution of gold mineralization to the upside exploration potential of the project and has been working to further it's understanding of the distribution of gold at Corral. Intrepid identified a series of important syn- to post-mineral breccias that occur internal to Ringo, Earp and Holliday but also in many other parts of the Property (emerging targets) which have the potential to contribute significant volumes of gold mineralization and represent a focus for future exploration drilling on the Property. Gold Highlights from Intrepid's 2024 and 2025 drill program:

• - 105.20m of 0.55 gpt Au including 48.85m of 0.97 gpt Au in Hole CC24_011
• - 44.40m of 0.53 gpt Au including 3.30m of 1.86 gpt Au in Hole CC24_013
• - 79.00m of 0.65 gpt Au including 33.00m of 1.43 gpt Au and 2.35m of 15.84 gpt Au in Hole CC24_014
• - 112.95m of 0.53 gpt Au including 63.40m of 0.91 gpt Au in Hole CC24_023
• - 49.10m of 0.78 gpt Au including 23.05m of 1.31 gpt Au in Hole CC25_029
• - 37.50m of 1.00 gpt Au in Hole CC25_030

Image 1: Drillhole CC25_037 at 258.2m showing patches of chalcopyrite>pyrite in the Courtland Hydrothermal Breccia To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/265453_13b9b544b4877be9_001full.jpgImage 2: Drillhole CC25_037 at 266.7m showing vienlets of chalcopyrite>pyrite in the Courtland Hydrothermal Breccia To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/265453_13b9b544b4877be9_002full.jpgEconomic 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 Martín limestone and Mississippian Escabrosa limestone and in Jurassic aged intrusions. The most intense mineralization occurs in the Abrigo Limestone (main host) and Bolsa Quartzite, which...