• New Acquisition Expands Total Land Package to 8,972 Acres (3,631 Ha)
• Additional 22 non-patented lode mining claims and technical data
• Advanced Stage 100% Controlled Copper Project in Arizona

VANCOUVER, BC / ACCESSWIRE / 27 APRIL 2023 / Intrepid Metals Corp. (TSXV:INTR)(OTC PINK:IMTCF) (“Intrepid” or “Company”)), the Company has invested in the Corral Copper Project (“plan”), Cochise County, Arizona. We have entered into a sales contract (“agreement“) Additional 22 Unpatented Lode Mining Claims (“Sarah Claim Group“) From Clive Bailey, a local landowner and professional geologist based in Arizona. This new acquisition adds 472.5 acres (191 ha) to the project, bringing the total land package to 8,972 acres (3,631 ha). Become.

Intrepid CEO Ken Brophy said: “These new claims have been identified as an integral part of the extended land package, and significant exploration work has previously been completed across the claim package. As part of our ongoing effort to unlock value, our technical team We look forward to evaluating all the newly acquired data from the district-wide opportunities presented by the Corral Copper Project.”

No diamond drilling conducted at Sara Claim Group is documented, but initial exploration consisted of trench drilling, grab and tip sampling, mapping, geophysical surveys, and geochemical work. rice field. The Sarah Creme Group is considered a third generation low sulfide system with historical research focused primarily on gold.

The terms of this Agreement are as follows:

• Intrepid shall pay the vendor US$10,000 upon closing of the transaction and issue 100,000 common shares for 100% of the assets of Sara Claim Group.
• The closing of the Sara Claim Group acquisition is subject to the approval of the TSX Venture Exchange.
• Vendors are independent of us.
• No finder’s fees are paid in connection with this transaction.

About Coral Copper

The project is a district-wide, 100% controlled advanced exploration and development opportunity in Cochise County, Arizona. The project is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp, where he produced over 8 billion pounds of 23% maximum grade copper. Production from the Bisbee mining camp is not necessarily indicative of mineral potential at the project.

Mining history in the area dates back to the late 1800s, and in the early 1900s several small mines extracted copper from the area, producing thousands of tons with copper grades up to 9.2%. Between 1950 and 2008, various companies surveyed parts of the district, but their efforts were uncoordinated, non-synergistic, and fragmented, resulting in separate land locations and commodities. was focused on. Previously fragmented land tenure has acted as a barrier to progress in the district, and Intrepid now consolidates more than 8,972 acres (3,631 ha), creating a solid foundation for creating geological interpretations and identifying new targets. We were able to secure data from a variety of sources that provided a solid foundation. area.

Anglo American began surveying the district in 2016, conducting mapping and aerial geophysics to identify a number of new target areas within the district. Intrepid acquired the Anglo American data package. Instead, Anglo American retains an interest in a portion of the project area in the form of a first refusal to transfer if certain conditions are met.

By combining the latest exploration techniques with historical data and a clear focus on responsible development, Intrepid believes the project can quickly become an advanced exploration-stage project and transition to feasibility level research. doing.

Our consultant, Dr. Chris Osterman of P. Geo, is a Qualified Person (“QP”) as defined by National Instrument 43-101. Dr. Osterman has reviewed and is responsible for the technical information disclosed in this news release.

About Intrepid Metals

Intrepid Metals Corp. is a Canadian company focused on exploring high grade copper, silver, lead and zinc mineral projects in close proximity to production mines in southeastern Arizona, USA. The Company has several projects, including the Corral Copper Project (an advanced district-scale exploration and development opportunity), the Tombstone South Project (in the historic Tombstone mining district, which is geologically similar to the Taylor Deposit purchased for $1.3 billion). Got some dignable projects. Both are located in Cochise County, Arizona, and the Mesa Well project is located in Arizona’s Laramid Copper Porphyry Belt. Intrepid has assembled an excellent team with extensive experience in evaluating and developing exploration projects within North America. Intrepid trades on the TSX Venture Exchange (TSX-V) under the symbol ‘INTR’ and on OTC Markets under the symbol OTC:IMTCF. For more information, see: www.intrepidmetals.com.

Intrepid Metals Co., Ltd.
on behalf of the company
“Ken Brophy”
CEO

For more information regarding this news release, please contact:

Ken Brophy
Representative Director604-681-8030
[email protected]

Sawamoto Caroline
PR for investors
[email protected]

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: (i) future exploration plans; (ii) details of potential mineralization; (iii) potential exploration of the Corral Copper Property; (iv) completion of transactions covered by this Agreement; (v) potential future production;

In some cases, forward-looking information is identified using words such as “plans,” “expectations,” “budgets,” “plans,” “estimates,” “forecasts,” “intends,” “forecasts,” and similar terms. can. “believe” or variations of such words or phrases or that a particular action, event or outcome “could” ”, “will occur” or “will be achieved”, any indication of future results, or any other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance. Forward-looking information contained in this news release includes, among other things, the results of exploration activities, the forecast and projected impact of the COVID-19 outbreak, commodity prices, the timing and volume of future exploration, and development spending, labor and availability of materials, receipt and compliance with required regulatory approvals and permits, insurance coverage estimates, currency fluctuations, environmental risks, assumptions about title disputes or claims, and other similar matters. We believe these assumptions are reasonable based on currently available information, but they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and our actual results, performance or achievements may differ materially from future results, performance or achievements expressed or implied by forward-looking information. Includes other factors that may vary. Such factors include risks related to the ability to access infrastructure, risks related to changes in commodity prices, risks related to current global financial conditions, and risks related to current global financial conditions. , and impacts inherent in the exploration and development of mineral deposits. Operational risks inherent in conducting exploration and development activities, including the impact of COVID-19 on our business, dependency on key personnel, risks of accidents, labor disputes and cave-ins, and the possibility of inability to obtain permits regulatory risks, including risks, timely or at all, funding, capitalization and liquidity risks; risks related to disputes over property ownership and interests; environmental risks; and “Risk Factors” in our reports Additional Risks Identified in Sections and Applicable Canadian Securities Regulatory Filings.

Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking information, we do not anticipate any future actions, events or results. , estimates, or other factors that may cause it to differ from expectations. was intended. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is current as of the date of this news release. We undertake no obligation to publicly update or revise any forward-looking information, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) have verified or are responsible for the adequacy or accuracy of this release.

sauce: Intrepid Metals Corporation