Intrepid Metals Identifies New Mineralization 1km East of Existing Mineralization at Corral CopperVancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to provide assay results from the two final diamond drill holes from the 2025 drill campaign at the Company's flagship Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. One of these holes was drilled approximately 1 kilometer ("km") to the east of the Ringo Zone, in an untested part of the Property and it confirmed anomalous base and precious metals over significant intervals."Drilling in the new zone approximately one kilometre to the east has confirmed the presence of both base and precious metal mineralization, marking an important milestone in our exploration program," said Mark Morabito, Chairman and CEO of Intrepid Metals. "Importantly, the geological features observed are very similar to those seen at Ringo, suggesting a consistent mineralizing system. While the grades encountered are not yet at the levels we have historically seen, these results represent a very encouraging first step as we continue to advance this target area." Highlights from Holes CC25_045 and CC25_046:CC25_046:55.50 meters ("m") of 0.37% Copper ("Cu"), 0.56 grams per ton ("gpt") Gold ("Au") and 9.01 gpt Silver ("Ag") from 62.50m to 118.00m (1.13% Copper Equivalent ("CuEq")1) including7.20m of 0.88% Cu, 0.27 gpt Au and 47.22 gpt Ag (2.10% CuEq1) from 70.80m to 78.00m.CC25_045:13.00m of 0.11% Cu, 0.04 gpt Au and 5.64 gpt Ag (0.31% CuEq1) from 144.00m to 157.00m.Hole CC25_045 was designed to test coincident magnetic and gravity geophysical features associated with favorable geology that is reminiscent of the Ringo Zone but located approximately 1 kilometer to the east. This target contains a similar gravity feature to that which occurs at Ringo, a magnetic feature and prospective Jurassic intrusions. Hole CC25_045 is significant because it contains silica-clay-altered quartz monzonite intrusion(s) and anomalous base and precious metals over significant intervals including 13.00 m of 0.11% Cu, 0.04 g/t Au, 5.64 g/t Ag, 0.48% Zinc ("Zn") with a CuEQ1 value of 0.31% (from 144.00 to 157.00 m; see Table 1 below). The geophysical features and the presence of intensely altered and mineralized monzonite porphyry represent a new zone of highly prospective, distal "Ringo Style" mineralization that will be prioritized for drill delineation in 2026. U P D A T E Figure 1: Drill plan map from the Ringo Zone at Corral CopperTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6187/278732_efa1618aa4f128f9_002full.jpgTable 1: Drill Intercepts for the Ringo Zone1CC25_038 & CC25_039 COMPOSITE INTERCEPTSDRILL HOLE DETAILSANALYZED GRADEDILUTED METAL EQUIVALENT1DRILL HOLEFROMTOLENGTHCOPPERGOLDSILVERZINCCUEQAUEQID(m)(m)(m)(%)(ppm)(ppm)(%)(%)(ppm)CC25_04577.0085.008.000.020.084.180.130.170.15CC25_045103.00105.002.000.010.024.200.070.090.08CC25_045121.00132.0011.000.030.023.310.140.110.10CC25_045140.00158.7518.750.090.034.260.340.240.21Incl.144.00157.0013.000.110.045.640.480.310.27CC25_045170.00172.002.000.090.030.800.000.120.10CC25_045178.00180.002.000.040.061.200.000.100.09CC25_045184.60204.0019.400.030.062.530.080.130.11CC25_045208.00212.004.000.010.082.900.040.120.11CC25_045220.00224.004.000.260.073.350.040.330.29CC25_045232.00236.004.000.010.072.300.110.120.10CC25_045249.35255.606.250.050.083.560.160.200.17CC25_04623.5034.5011.000.070.010.250.000.080.07CC25_04645.0047.002.000.070.060.250.000.120.10CC25_04662.50118.0055.500.370.569.010.831.130.98Incl.63.90113.2049.300.400.6210.010.941.251.09And63.9085.5021.600.470.1218.721.201.010.88And70.8078.007.200.880.2747.222.362.101.83Incl.88.95113.2024.250.391.153.440.811.621.41And103.35108.204.851.134.958.540.215.674.92CC25_046121.00175.5054.500.090.102.770.460.310.27Incl.140.00151.5011.500.040.076.521.810.610.53CC25_046182.50233.8051.300.070.071.820.120.170.14Incl.217.50225.407.900.240.235.600.060.490.43 Table 2: Drill Hole Location Information for all holes drilled in 2025DRILLHOLESTARTDATEENDDATEEASTING(m)NORTHING(m)ELEVATION(m)AZIMUTH(°)INCLINATION(°)DEPTH(m)CC25_0262025-04-282025-05-03613245351400314240-90234.4CC25_0272025-05-042025-05-08613265351401714230-90224.65CC25_0282025-05-092025-05-16613267351393614200-90240.8CC25_0292025-05-172025-05-2361335335139851415225-60305.1CC25_0302025-05-242025-05-30613219351390014230-90270.7CC25_0312025-05-312025-06-0661189135159181501235-40320.65CC25_0322025-06-072025-06-12612028351593414720-90313.05CC25_0332025-06-122025-06-1761213535157571485235-80230.1CC25_0342025-06-182025-06-2261216935148401495250-45204.2CC25_0352025-06-222025-06-2961225835147761494245-50249.95CC25_0362025-06-302025-07-0661217735148981497250-50219.6CC25_0372025-07-072025-07-18613050351402914350-90 334.65CC25_0382025-07-192025-07-29613337351387014220-90282.55CC25_0392025-07-30