Several New Drill Targets Following Completion Of Exploration Program At Corral Copper Project

VANCOUVER - Intrepid Metals Corp. reported on the successful completion of its initial drill program at Corral Copper Property in Cochise County, Arizona, including the identification of several new high priority drill targets. Intrepid recently completed a 25 diamond drill hole program (~4805.7m) within the private lands at Corral. Intrepid successfully tested a 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint aimed at assessing the potential to host economic carbonate replacement deposits (CRD), skarn, and related porphyry copper mineralization and encountered substantial shallow and high-grade mineralization.

Following the completion of the 2024 drill program, the Company has executed several exploration related activities, including utilizing machine learning from a World View III alteration study, a ground-based gravity survey designed to detect copper bearing CRD/Skarn related massive sulphides, and 3D inversion of historical VTEM magnetic data across the Property. During the 2024 drill program, the Company also competed the first detailed surface mapping within the Company's private ground, to further understand the geological architecture and define new drill target areas.

"It has been a busy summer for the Intrepid team on the heels of our successful phase one drill program, whereby we encountered mineralization in every hole we drilled," stated Ken Brophy, President and Chief Operating Officer. "As we advance our understanding of the geological potential within Corral, we are now utilizing modern exploration techniques to guide our planning for our phase two drill program which we anticipate commencing in the months ahead."