Mr. George Salamis reports

INTEGRA ANNOUNCES RECORD 2024 GOLD PRODUCTION OF 72,229 OUNCES FROM FLORIDA CANYON, STRONG YEAR-END CASH POSITION OF $52 MILLION, AND IMPLEMENTATION OF PRICE PROTECTION PROGRAM FOR 2025 PRODUCTION

Integra Resources Corp. had record fourth quarter and full-year 2024 production results from its principal operating asset, the Florida Canyon mine, located in Nevada. The company is also pleased to provide the unaudited 2024 year-end cash balance and to announce the implementation of a gold price protection program for 2025 production at Florida Canyon. (All dollar amounts are expressed in U.S. dollars, as at Dec. 31, 2024, and are unaudited).

George Salamis, president, chief executive officer and a director of Integra, commented: "We are excited to announce record gold production of 72,229 ounces from Florida Canyon in 2024, marking the highest total production from the mine in 21 years. This represents a significant milestone for Integra as it marks the inaugural reported production for the company. Integra ended the year with approximately $52-million in cash, demonstrating the company's excellent financial position to begin 2025. We are also pleased to establish a price protection program for 2025 production with the purchase of put options at extremely attractive terms. Utilizing put options effectively secures downside price protection while maintaining full exposure to gold price upside. With a focus on capital allocation, securing production margins in 2025 is critical for demonstrating profitability at Florida Canyon, while also supporting the continued advancement of the DeLamar and Nevada North projects."

2024 production highlights

Fourth quarter 2024 production from Florida Canyon was 21,278 gold ounces. Full-year 2024 production was 72,229 gold ounces, representing the highest production from Florida Canyon in the past 21 years.

Full-year 2024 production at Florida Canyon met or exceeded previously stated guidance on several key operating and production metrics (refer to Argonaut Gold Inc.'s news release dated Feb. 26, 2024, available on Argonaut Gold's SEDAR+ profile):

• Mined and placed tonnes exceeded the top end of guidance by approximately 16 per cent;
• Contained gold ounces mined exceeded the top end of guidance by approximately 17 per cent;
• Recoverable placed gold ounces exceeded the top end of guidance by approximately 14 per cent.

Strong ounce production performance in 2024 at Florida Canyon was supported by the construction and commissioning of the new phase III-A of the south heap leach pad and enhancements to solution processing systems. Mined and placed material for both the fourth quarter and full year were above expectations as a result of excellent crusher performance and delivery of more run-of-mine (ROM) ore to the leach pad than planned. The fourth quarter was particularly strong with the additional newly constructed carbon-in-column circuit coming on line and beginning drawdown of the substantial gold inventory that was placed on the leach pads over the last few years.

The company intends to release 2025 production and cost guidance in late February and at that point will provide further information on the planned release date for earnings and conference call details.

2024 year-end cash position

As at Dec. 31, 2024, the company's unaudited cash balance was $52-million. Full financial results for the quarter and full year will be reported and filed on Integra's profile on SEDAR+ and EDGAR on or before March 27, 2025.

2025 gold price protection program

Integra is pleased to announce the implementation of a gold price protection program for 2025 production from Florida Canyon. The program is designed to secure margins at Florida Canyon, to reduce gold price risk, and to enhance financial flexibility and strength for the company to support the advancement of its key development assets, the DeLamar project and the Nevada North project.

The price protection program consists of the purchase of 37,800 gold ounces of put options with a strike price of $2,400 per ounce, equally spread across January, 2025, to December, 2025. The put options were executed across several tranches from two separate financial institutions in December, 2024, and January, 2025. The put options will be settled in cash.

As the hedging program currently consists solely of put options, Integra retains the financial flexibility to later offset its initial cash outlay by converting the put options into a zero-cost collar or through the early monetization of the options, based on its assessment of market conditions and capital allocation priorities. Integra will continue to actively evaluate hedging strategies for 2025 and 2026 production at Florida Canyon.

Production hedged by put options represents approximately 54 per cent of the contemplated 2025 gold ounces sold at Florida Canyon as set out in the 2024 National Instrument 43-101 technical report, titled, "NI 43-101 Technical Report, Florida Canyon Gold Mine, Pershing County, Nevada, USA," dated July 11, 2024, with an effective date of June 28, 2024, available under Integra's SEDAR+ profile.

About Integra Resources Corp.

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past-producing DeLamar project, located in southwestern Idaho, and the Nevada North project, located in western Nevada. Integra creates sustainable value for shareholders, stakeholders and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic mergers and acquisitions (M&As), while upholding the highest industry standards for environmental, social and governance practices.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Raphael Dutaut, PhD (PGeo), Integra's vice-president, geology and mining. Mr. Dutaut is a qualified person, as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Preliminary financial results

The financial results contained in this news release for the three- and 12-month periods ended Dec. 31, 2024, are preliminary. Such results represent the most current information available to the company's management, as the company completes its financial procedures. The company's audited consolidated financial statements for such period may result in material changes to the financial information contained in this news release (including by any one financial metric, or all of the financial metrics, being below or above the figures indicated) as a result of the completion of normal accounting procedures and adjustments.

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