Vancouver, British Columbia - Newsfile Corp. - April 15, 2025 - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that several new porphyry copper-gold targets have been identified on the Corral Copper Property ("Corral" or the "Property"), located in Cochise County, part of the prolific Turquoise District of southeastern Arizona. Corral is geologically analogous to the prolific Bisbee Camp (located ~100km southeast) where high-grade copper-gold Carbonate Replacement Deposits ("CRD") (e.g., Copper Queen; 53Mt @ 6% Copper¹) are spatially associated with Jurassic porphyry copper-gold porphyry deposits (Lavender Pit; 223 Mt @ 0.63% Copper past production²). Although there is porphyry style alteration and mineralization at Corral, a systematic porphyry exploration campaign for the district has not been previously completed. "The Corral Copper District hosts widespread carbonate replacement copper-gold-silver mineralization, which represents the distal expression of a potential copper porphyry deposit," stated Ken Engquist, CEO of Intrepid. "Aspects of the CRD mineralization intersected during the 2024 drill program at Corral confirmed our assertion that there is porphyry copper potential at the Property. The drill core demonstrates key geological features consistent with the transition from lower temperature CRD mineralization to higher temperature skarn mineral assemblages, as well as mineralized vein styles that form in or near the porphyry environment." The Corral Copper Project is centered on 3 northwest trending CRD style copper-gold-silver prospects including Ringo, Earp and Holliday (Figure 1). At Bisbee, deposits formed in the same host rocks (Abrigo Limestone) and similar age and composition intrusions ~100 kilometers southeast of Corral and include the Copper Queen CRD (53 Mt @ 6% Copper¹) and the associated Lavender porphyry copper deposit that contains 223 Mt @ 0.63% Cu². Since CRD style copper-gold-silver mineralization can occur peripheral to a copper-gold porphyry deposit, Intrepid has, for the first time in the Property's history, conducted a systematic targeting exercise to identify porphyry zones in a highly prospective exploration district with intensely altered and copper-gold mineralized host rocks. The Company cautions that discoveries or mineralization on analogous properties (e.g. Bisbee Camp, Copper Queen, Lavender Pit) may not necessarily be indicative to the presence of mineralization on the Corral Property. New Porphyry Copper-Gold Targets The highly successful 2024 drill program at Corral provided Intrepid the first opportunity to evaluate host rocks, alteration and mineralization styles and intensities in all of the Holliday, Earp and Ringo zones (see Intrepid News Release dated July 9, 2024; Figure 1). The Ringo Zone is best understood and is significant because it contains a near-surface supergene enrichment blanket, disseminated intrusion hosted copper-gold-sliver mineralization in the Copper Bell Porphyry, as well as CRD style mineralization hosted in the Cambrian Abrigo and Mississippian Escabrosa formation limestones. Mineralization styles include multiple high-grade lenses of massive sulphide, copper-bearing hydrothermal breccias in addition to mineral assemblages transitional to higher temperature skarn and vein features with associated potassic alteration consistent with porphyry copper-gold deposits (porphyry B-Veins; see Figures 2A-F). The Corral Copper Project contains numerous examples of superposed argillic, quartz-sericite-pyrite and locally higher temperature potassic alteration in intrusions which indicates proximity to porphyry copper-gold mineralization (Figures 1 and 2). Intrepid has conducted systematic exploration targeting leveraging geological mapping and geochemical sampling, WorldView3 short wave infrared surface alteration studies and ZTEM, VTEM, radiometric and magnetic airborne geophysics to identify positions on the property with porphyry copper-gold potential. Intrepid has prioritized target areas with porphyry-style surface expressions defined by multiple datasets that exceed 1 x 1 kilometers with demonstrable depth continuity. Intrepid is currently conducting field mapping and sampling to strengthen confidence in the porphyry targets with the ultimate objective of advancing them to the drill stage. Targets are associated with surface alteration (mapping and/or WorldView3 anomalies), large, deep ZTEM resistivity/conductivity and magnetic geophysical features. The highest priority targets are directly associated with copper-gold mineralization at surface (Figure 1). Figure 1. Porphyry Copper-Gold Targets at Corral Copper showing examples of targeting data including surface geology, World View 3 quartz-sericite-pyrite alteration (surface) and ZTEM airborne geophysical resistivity features (-500m depth slice). To view an enhanced version of this graphic, please visit: https://images.newsf...