- 85.50m (from 69.50m to 154.55m) of 0.70% Copper Equivalent¹ ("CuEq") including 56.50mof 0.92 % CuEq¹ and 12.85m of 3.16% CuEq¹ and an additional 55.55m (from 155.45m to 211.00m) of 0.37% CuEq¹ in hole CC25_038 Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide assay results from two additional diamond drill holes 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 (see Figure 1 below). To date, Intrepid has competed nineteen drill holes (5344.20 meters ("m")) across the Ringo, Earp and Holliday zones, with a twentieth hole currently underway. "These new results highlight the momentum we're building at Corral and continue to provide compelling evidence for a significant porphyry system underlying the near-surface mineralization, further enhancing the potential scale of the property," said Mark Morabito, Chairman and CEO of Intrepid Metals. "The continuity and strength of mineralization we are encountering underscores the potential for a large, scalable deposit in one of the most attractive copper jurisdictions in the U.S. Each round of drilling not only increases our confidence in the geological model but also positions Intrepid to unlock substantial value for shareholders. With the industry interest in the Property increasing, we believe that Corral is rapidly emerging as a district-scale opportunity capable of attracting strategic attention while cementing our role as a leading player in the Southwest copper space." Highlights from Holes CC25_038 and CC25_039: CC25_038²: - 85.05 m of 0.48% Copper ("Cu"), 0.28 grams per ton ("gpt") Gold ("Au") and 4.33 gpt Silver ("Ag") (0.70% Copper Equivalent ("CuEq")¹) including,

• 56.50m of 0.63% Cu, 0.36 gpt Au and 4.98 gpt Ag (0.92% CuEq¹) including
• 12.85m of 2.33 % Cu, 1.02 gpt Au and 11.89 gpt Ag (3.16% CuEq¹).

- 55.55 m of 0.23% Cu, 0.15 gpt Au and 5.44 gpt Ag (0.37% CuEq¹) including,

• 4.95m of 1.32% Cu, 0.36 gpt Au and 6.64 gpt Ag (1.42% CuEq¹).

CC25_039³: - 147.50 m of 0.23% Cu, 0.15 gpt Au and 3.01 gpt Ag (0.32% CuEq¹) including,

• 21.70m of 0.41% Cu, 0.15 gpt Au and 2.16 gpt Ag (0.45% CuEq¹) and
• 32.60m of 0.45 % Cu, 0.26 gpt Au and 6.45 gpt Ag (0.59% CuEq¹) including,
• 20.50m of 0.61% Cu, 0.32 gpt Au and 7.42 gpt Ag (0.77% CuEq¹).

Confirmed Porphyry Copper-Gold Potential at Corral Copper Carbonate replacement ("CRD") style copper-gold-silver-zinc mineralization is the dominant form of mineralization across the Ringo, Earp and Holliday zones at Corral. The Intrepid technical team has recognized porphyry-style alteration and mineralization features internal to this broad CRD footprint including porphyry veins (quartz-magnetite veins, porphyry D-Veins, A-Veins and B-Veins; Figure 2) and high-temperature potassic alteration (potassium feldspar vein selvages and secondary biotite) and hydrothermal breccias. These higher temperature domains indicate that CRD mineralization is locally transitional to porphyry copper styles, demonstrating that the Corral Copper Property has potential for previously unrecognized bulk-tonnage porphyry copper-gold discoveries. This is significant because the directly analogous Bisbee Mining Camp contains similar host rocks, alteration styles as well as genetically and spatially linked CRD (historic production from Copper Queen; 53Mt @ 6% Copper⁴) and porphyry (historic production from Lavender Pit; 223Mt at 0.63% Cu⁴) deposits. Ongoing exploration at Corral, including diamond drilling, surface mapping, sampling, and prospecting coupled with various (new ground gravity) and historical geophysics (airborne ZTEM, VTEM and magnetic surveys) has identified several magmatic-hydrothermal centers on the Property. All of these new targets have previously unrecognized potential to host porphyry copper-gold mineralization and represent significant upside exploration potential for the project. The Ringo Zone is located at the southern end of a 3.5km long trend of copper-gold-silver-zinc bearing carbonate replacement bodies. The Ringo Zone measures approximately 900m (northwest to southeast) by 800m (southwest to northeast) and contains favorable Abrigo and Escabrosa carbonate units, pre-mineral intrusions, alteration and high-grade copper-gold-silver-zinc replacement style mineralization and secondary enriched copper oxide zones. Technical 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...