Mr. Jason Kosec reports

INTEGRA CLOSES UPSIZED BOUGHT DEAL OFFERING WITH FULL EXERCISE OF OVER-ALLOTMENT OPTION FOR GROSS PROCEEDS OF APPROXIMATELY C$15 MILLION

Integra Resources Corp. has completed its previously announced bought deal public offering, pursuant to which the company issued a total of 16,611,750 units, including the full exercise of the overallotment option by the underwriters (as defined as follows), at a price of 90 cents per unit for aggregate gross proceeds of $14,950,575.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $1.20 for a period of 36 months from the closing of the offering.

The offering includes an investment made into Integra from a new strategic corporate entity as well as support from current shareholders Beedie Investments Ltd. and Wheaton Precious Metals Corp.

The offering was completed pursuant to an underwriting agreement dated March 7, 2024, entered into among the company and a syndicate of underwriters led by Cormark Securities Inc., and including BMO Nesbitt Burns Inc., Desjardins Securities Inc., Eight Capital, PI Financial Corp., Raymond James Ltd. and Stifel Nicolaus Canada Inc. The company paid the underwriters a cash fee of 6 per cent of the aggregate gross proceeds of the offering, other than in respect of the purchasers on the president list, for which a cash fee of 3 per cent was paid.

The company intends to use the net proceeds from the offering to finance exploration and development expenditures at the DeLamar project and the Nevada North project and for working capital and general corporate purposes.

The offering was conducted by way of a prospectus supplement dated March 7, 2024, to the company's existing base shelf prospectus dated Jan. 16, 2024, in each of the provinces and territories of Canada (other than the province of Quebec). The prospectus supplement (together with the base shelf prospectus) is available on SEDAR+.

The offering remains subject to the final approval of the TSX Venture Exchange.

Company webinar

The company will host a corporate update webinar on Thursday, March 14, 2024, at 11 a.m. PST/2 p.m. EST. The webinar will feature a presentation from Jason Kosec, Integra's president, chief executive officer and director, as well as a live question-and-answer session. A recording of the webinar will be available on Integra's corporate website.

About Integra Resources Corp.

Integra is one of the largest precious metal exploration and development companies in the Great basin of the Western United States. Integra is currently focused on advancing its two flagship oxide heap leach projects: the past-producing DeLamar project, located in southwestern Idaho, and the Nevada North project, comprising the Wildcat and Mountain View deposits, located in northwestern Nevada. The company also holds a portfolio of highly prospective early-stage exploration projects in Idaho, Nevada and Arizona. Integra's long-term vision is to become a leading U.S.-focused mid-tier gold and silver producer.

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