Important shallow intercepts including:

• 104.9m at 1.31% Cu in Hall 20_21
• 126.2m at 1.24% Cu in Hall 20_01

VANCOUVER, BC / ACCESSWIRE / 7 March 2023 / Intrepid Metals Corp. (TSXV:INTR) (“Intrepid” or “Company”)),after that News release dated February 15, 2023 We are pleased to announce the acquisition of Cave Creek Copper and to provide details of the Corral Copper Project, a new district-scale advanced exploration and development copper asset located in Cochise County, Arizona. Over 50,000 meters (“m”) of drilling has been completed in this region, and significant amounts of copper, silver, gold, and zinc have been intercepted near the surface.

Intrepid Metals CEO Ken Brophy said: “The shallow and high-grade nature of mineralization is very promising as we continue to analyze and review historical data. It allows us to classify as an advanced exploration project based on historical drilling wealth.”

Historic excavation highlights

Copper (“Cu”) highlights, and corresponding silver (“Ag”), gold (“Au”), and zinc (“Zn”) grades are included below from the property’s historic excavations. increase.

• 104.9m at 1.31% Cuincluding 4.89g/t Ag and 0.40g/t Au (60.8m to 165.7m)
  41.0m 1.76% Cu or more 20_21st hole
• 126.2m at 1.24% Cu (30.4m～156.6m) 20_01 Hall
• 44.0m at 1.35% Cu30.39g/t Ag, 0.21g/t Au and 0.29% Zn (35.0m to 79.0m) Hole BR_06_81
• 71.4m at 0.75% Cu, 26.43g/t Ag (66.9m to 138.3m) at Hall NCTR_11
• 41.1m at 0.85% Cu, 17.72g/t Ag (25.8m to 66.9m) at hole CG_08
• 51.7m at 1.01% Cu, 7.98g/t Ag and 0.36g/t Au (63.8m to 115.5m) in Hall 20_37
• 63.9m at 0.62% Cu8.51g/t Ag, 0.42g/t Au and 0.26% Zn (79.0m to 142.9m) Hole BR-06-100

Drill results are historical. Intrepid has not conducted an independent study of the sampling and has not independently analyzed the results of past exploration operations to verify results. Intrepid considers these historical drilling results relevant. This is because we use this data as a guide for planning future exploration programs. Intrepid also considers the data to be reliable for these purposes. However, our future exploration work will include validation of the data through further drilling.

Figure 2: Map showing highlights of historic drilling at Corral Copper

About Coral Copper

The Corral Copper Project is a district-wide advanced exploration and development opportunity in Cochise County, Arizona. Corral Copper is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp. The Bisbee Mine Camp produces over 8 billion pounds of copper up to 23% grade. Production from the Bisbee Mine Camp is not necessarily indicative of mineral potential at the Corral Copper 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 ore grades of 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. Intrepid was able to secure data from a variety of sources. This provides a solid foundation for creating geological interpretations and identifying new target areas.

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 that the Corral Copper Project can quickly become an advanced exploration-stage project and transition to feasibility level research. I’m sure.

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 exploration company focused on exploring potential high-grade copper, silver and zinc projects in close proximity to established mining camps in southeastern Arizona, USA. The company has drilling projects such as the Corral Copper Project (an advanced regional exploration and development opportunity) and the Tombstone South Project (in the historic Tombstone mining area, which is geologically similar to the Taylor Deposit purchased for $1.30). I got some possible projects. B (2018)) are both located in Cochise County, Arizona, and the Mesa Well project is located in the Laramid Copper Porphyry Belt in Arizona. Intrepid is actively looking to acquire additional projects in Arizona and the Southwest United States and has assembled an excellent team with considerable experience in evaluating and developing exploration projects in North America. Intrepid trades on the TSX Venture Exchange (TSX-V) under the symbol ‘INTR’. 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
CEO
604-681-8030
info@intrepidmetals.com

Sawamoto Caroline
PR for investors
Investment@intrepidmetals.com

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) 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 TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) have reviewed and are not responsible for the adequacy or accuracy of this release.

sauce: Intrepid Metals Corporation

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