PEA Completed For The Granite Creek Project

RENO, NV - i-80 Gold Corporation reported the completion of the Preliminary Economic Assessment (PEA) for the Granite Creek Project located in Humboldt County, Nevada.  Highlights of the Granite Creek PEA (Base Case @ US$1,650/oz Au) include: 1) After-Tax NPV@5% of US$244.9 Million. 2) After-Tax IRR of 34.2%. 3) Initial Capital of US$69.9 Million. 4) All-in Sustaining Cost (per oz Au produced) of US$963.40. 5) Life of Mine Gold Production of 1,245,900 ounces.

"The Granite Creek PEA confirms the substantial economic opportunity that can be realized through the development of both open pit and underground mines on the Property", said, Matthew Gili, President and Chief Operating Officer. "This study contemplates constructing heap leach and CIL facilities on the property for the open pit and trucking refractory material for third party processing. The recent acquisition of the Lone Tree site will allow for the optimization of these facilities as we progress to a Feasibility Study, potentially leading to changes in the ultimate processing plans versus what is presented in the study".