Vancouver, British Columbia - Newsfile Corp. - July 2, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce the strategic expansion of its Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona through the acquisition of an additional four state leases from the Arizona State Land Department ("ASLD") and another patented mining claim (the Emmet Claim) from Silver Nickle Mining Company. These new claims, located on the eastern border of Intrepid's existing land package (see Figure 1 below), significantly enhance the Company's regional footprint. Notably, several of the newly acquired state leases bridge the southern gap between Intrepid's holdings and recently acquired claims by Rio Tinto. The property acquisition by Rio Tinto followed Intrepid's successful 2024 drill program, which highlighted the Property's potential and drew significant regional interest. Please refer to Intrepid News Release dated January 15, 2025 for further details. The new claims increase Corral's total land package by approximately 2,195 acres (888 hectares), bringing the Company's consolidated holdings to 11,715 acres (4,741 hectares). This positions Intrepid to further capitalize on the district's exploration upside and reinforces its presence in one of Arizona's most prospective copper belts. "The expansion of our land position at Corral reflects our continued confidence in the district's potential and our commitment to building a meaningful copper asset in a tier-one jurisdiction," stated Ken Engquist, Chief Executive Officer of Intrepid. "By securing these strategically located state leases, we've strengthened our competitive position alongside a major industry player and set the stage for further value creation through exploration." 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 positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of these data. Figure 1: Simplified Land Position Showing Newly Staked Intrepid Claims Relative to Rio Tinto and Ivanhoe Electric Based on Publicly Available Information. Map does not account for internal fractions. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6187/257374_7d1dfe61945dca16_001full.jpg The Corral Copper Property is comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the "Commitments" section of the Company's most recently filed Management Discussion and Analysis for further details. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies. About Intrepid Metals Corp. Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor...