• 216.50m of 0.71% Cu, 0.28 gpt Au and 5.14 gpt Ag (0.85% CuEq¹) from 29.00m to 245.50m in Hole CC25_029 including
  • 49.10m of 1.84% Cu, 0.78 gpt Au and 11.41 gpt Ag (2.20% CuEq¹) and
  • 23.05m of 3.31% Cu, 1.31 gpt Au and 16.65 gpt Ag (3.77% CuEq¹) and
  • 10.25m of 5.94% Cu, 2.20 gpt Au and 25.50 gpt Ag (6.51%CuEq¹) and
  • 63.10m of 0.79% Cu, 0.28 gpt Au and 6.81 gpt Ag (0.94% CuEq¹)

• 98.20m of 0.35% Cu, 0.43 gpt Au and 4.75 gpt Ag (0.70% CuEq¹) from 54.8m to 153.00m in Hole CC25_030 including
  • 37.50m of 0.81% Cu, 1.00 gpt Au and 10.18 gpt Ag (1.63% CuEq¹) and
  • 14.00m of 0.78% Cu, 0.61 gpt Au and 12.92 gpt Ag (1.17% CuEq¹) and
  • 5.85m of 2.04% Cu, 1.27 gpt Au and 16.44 gpt Ag (3.50% CuEq¹)

Vancouver, British Columbia - Newsfile Corp. - July 10, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce assay results from two additional diamond drill holes from the Ringo Zone as part of the ongoing 2025 drill program at the Company's Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. To date, Intrepid has competed eleven drill holes (2813.2m meters) across the Ringo, Earp and Holliday zones, with a twelfth hole currently underway at the Ringo Zone (see Figure 1). These latest results 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. "Our 2025 drill campaign continues to deliver strong copper and gold results from the Ringo Zone," said Ken Engquist, CEO of Intrepid Metals. "We're especially encouraged by the success of our northern drilling extension, which is showing potential expansion of this mineralized zone. Beyond the impressive intervals of continuous, locally high-grade mineralization, we're now seeing clear signs of a transition toward copper-gold porphyry-style systems. This reinforces Ringo's potential as a shallow, bulk-minable porphyry target. And it's just one of several newly identified porphyry centers within our rapidly advancing exploration program at Corral." Highlights from Hole CC25_029 and CC25_030: CC25_029

• 216.50 meters ("m") of 0.71% Copper ("Cu"), 0.28 grams per ton ("gpt") Gold ("Au") and 5.14 gpt Silver ("Ag") (0.85% Copper Equivalent ("CuEq")¹) including,
  • 49.10m of 1.84% Cu, 0.78 gpt Au and 11.41 gpt Ag (2.20% CuEq¹) and
  • 23.05m of 3.31% Cu, 1.31 gpt Au and 16.65 gpt Ag (3.77% CuEq¹) and
  • 10.25m of 5.94% Cu, 2.20 gpt Au and 25.50 gpt Ag (6.51%CuEq¹) and
  • 63.10m of 0.79% Cu, 0.28 gpt Au and 6.81 gpt Ag (0.94% CuEq¹) and
  • 7.95m of 2.92% Cu, 0.48 gpt Au and 18.64 gpt Ag (2.89% CuEq¹) and
  • 13.35m of 1.14% Cu, 0.23 gpt Au and 9.53 gpt Ag (1.17% CuEq¹).

CC25_030

• 98.20m of 0.35% Cu, 0.43 gpt Au and 4.75 gpt Ag (0.70% CuEq¹) including,
  • 37.50m of 0.81% Cu, 1.00 gpt Au and 10.18 gpt Ag (1.63% CuEq¹) and
  • 14.00m of 0.78% Cu, 0.61 gpt Au and 12.92 gpt Ag (1.17% CuEq¹) and
  • 5.85m of 2.04% Cu, 1.27 gpt Au and 16.44 gpt Ag (3.50% CuEq¹)
• 31.10 meters of 0.27% Cu, 0.20 gpt Au and 3.99 gpt Ag (0.38% CuEq¹) including,
  • 9.80m of 0.79% Cu, 0.54 gpt Au and 7.63 gpt Ag (1.04% CuEq¹)

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 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 are intruded locally by a series of Jurassic (and possibly younger) mineralized intrusions including the Star Hill, Copper Bell and Sniveler porphyries, quartz latite sills, and cross-cutting mineralized breccia bodies. The Corral Copper Property includes the Holliday, Earp and Ringo Zones (northwest to southeast), which are related zones of discontinuously outcropping, locally high grade CRD, skarn and distal porphyry related mineralization and associated supergene enrichment that formed in the distal porphyry copper geological environment. A significant component of Intrepid's discovery strategy at Corral is to leverage distal alteration and mineralization to vector toward one or more mineralized porphyry copper centers (see News Release dated April 15, 2025). The Ringo Zone is located at the southern end of a 3.5km long string of copper-gold-silver-zinc bearing carbonate replacement bodies (Figure 1). The Ringo Zone measures approximately 900m (northwest to southeast) by 800m (southwest to northeast) and contains favorable Abrigo Limestone (and Bolsa Formation), pre-mineral intrusions, alteration and copper-gold-silver-zinc replacement style mineralization and secondary enriched copper oxide zones that are locally high-grade. Technical Information All scientific and technical information in this news release has been prepared by, or approved...