Land Holdings Increased Along With Commencement Of Initial Exploration Program At Mesa Well

VANCOUVER - Intrepid Metals Corp. has expanded its land holdings and commenced an initial exploration program consisting of mapping and sampling ahead of an induced polarization (IP) geophysical survey at the Mesa Well Copper Property. The Property is located within the Laramide Porphyry Belt of south-eastern Arizona.

"We are excited to begin our initial exploration program at Mesa Well and test a superb land position for porphyry copper mineralization," states Ken Brophy, Intrepid CEO. "Building on our field campaigns and detailed compilation work, we have expanded the size of our land holdings by an additional 4035 acres to incorporate new areas which are prospective for copper discoveries. Following the initial mapping and sampling program, we are planning to complete a large dipole-dipole IP geophysical survey, scheduled for early next year. The IP survey, which will cover areas previously drilled, combined with the current exploration program, will allow us to define priority drill targets from previously permitted drill pads, as well as identify new targets within the expanded land package."

Intrepid acquired an additional seven Arizona state leases for a total of an additional 4035 acres. The Mesa Well Property now covers approximately 6500 acres. The initial exploration program is scheduled to take two weeks to complete, and the data collected from the program will support the design and orientation for the planned IP survey in Q1 2023. A drill program will be planned for later in 2023,