Maiden Preliminary Economic Assessment For Wildcat And Mountain View Projects

VANCOUVER - Integra Resources Corp. reported on the maiden Preliminary Economic Assessment (PEA) and updated resource estimate for each of the Wildcat Project and Mountain View Project located in western Nevada. The PEA demonstrates the potential for a low-cost, high-margin, heap leach gold-silver operation with a phased development and production strategy and robust economics. The average annual production of Wildcat and Mountain View and the DeLamar Project on a combined basis is expected to exceed 200kozs of gold equivalent (AuEq), demonstrating one of the largest heap leach production profiles among precious metal developers in the Great Basin.

President, CEO and Director, Jason Kosec, said, “The updated resource estimate and PEA for Wildcat and Mountain View demonstrate two high-margin, low-cost, heap leachable gold and silver deposits with a strong combined production profile, low pre-production capex and robust economics. The PEA strengthens Integra’s position in the Great Basin as a multi-asset developer with a pathway to become a 200,000 ounce per year gold-silver producer. To date, the Company has successfully defined a large resource base at Wildcat and Mountain View despite being constrained to 5-acres of surface disturbance. The Company has submitted an Exploration Plan of Operations for both Wildcat and Mountain View to the Bureau of Land Management which, when received, will allow for significantly increased resource expansion drilling through planned step-out drill holes. Resource growth at Wildcat and Mountain View has the potential to further enhance the economics and mine life demonstrated in the PEA results announced today.”

George Salamis, Executive Chairman of Integra, added: “the PEA is the first major milestone following the successful merger of Integra and Millennial Precious Metals. The next major catalysts for the Company includes an updated resource estimate for the DeLamar Project that will incorporate gold-silver mineralized stockpile material drilled during the 2022-2023 winter field season, as well as the filing of the DeLamar Mine Plan of Operations in Q4 of this year. The Mine Plan of Operations represents a major milestone for the project and a significant step towards permitting and de-risking the DeLamar Project.”