Potential Porphyry Discovery Beneath Corral Copper CRD System

VANCOUVER – Intrepid Metals Corp. announced two additional diamond drill holes from the Ringo Zone, part of the ongoing 2025 drill campaign at the Company’s Corral Copper Property. Although the Company continues to intersect copper-gold-silver mineralization that is consistent with carbonate replacement (CRD) systems, Intrepid has identified multiple converging geological features that demonstrate the presence of one or more porphyry centers adjacent to current drilling. The Company has identified: 1) Widespread quartz-sericite-pyrite (QSP) alteration, including porphyry D-veins which form a “halo” surrounding porphyry deposits. 2) Angular chalcopyrite-molybdenite-bearing breccia clasts interpreted to have been transported from the mineralized core of a porphyry system. 3) Cross-cutting porphyry-style vein stockworks, consistent with the top or ‘roof’ of a porphyry system.

Taken together, these features form a coherent geological picture that significantly elevates Intrepid’s confidence in the potential for a porphyry discovery beneath the CRD footprint at Corral Copper.

“These results are pointing us toward something much larger at Corral,” said Mark Morabito, Chairman and CEO. “The alteration, the mineralized clasts, and the stockwork veins we’re now seeing are precisely the indicators you expect when you’re close to a porphyry center. Individually, each feature is consistent with porphyry proximity. Collectively, they indicate that we are vectoring toward the metal source for the entire Corral Copper system. This significantly elevates the discovery potential of the project as we prepare for the next phase.”