Mr. George Salamis reports

INTEGRA STRENGTHENS EXECUTIVE TEAM WITH THE APPOINTMENT OF DALE KERNER AS VICE PRESIDENT OF PERMITTING, UNDERSCORING COMMITMENT TO RAPID PROJECT ADVANCEMENT

Integra Resources Corp. has appointed Dale Kerner to the newly created position of vice-president of permitting; he is expected to formally join the company in early March, 2025.

Integra is also pleased to provide a corporate update, including commentary on the 2025 gold price protection program, the chief operating officer (COO) hiring process, 2025 operating and cost guidance, and the timing of 2024 fourth quarter and full-year financial and operating results.

Mr. Kerner appointed as vice-president of permitting

Integra is pleased to welcome Mr. Kerner as vice-president of permitting. Mr. Kerner is based in Boise, Idaho, and brings over 25 years of experience in environmental permitting and regulatory compliance, with a deep understanding of the permitting landscape in the United States. His expertise will be instrumental as Integra accelerates the permitting process for the DeLamar project.

Mr. Kerner joins Integra from Perpetua Resources Corp., where he was instrumental in successfully permitting the Stibnite gold project in Idaho, one of the more complex permitting processes in the United States, which recently received a final record of decision from the U.S. Forest Service. Throughout his career, Mr. Kerner has held leadership roles with prominent environmental and engineering firms, including Haley & Aldrich and Brown and Caldwell, where he spearheaded permitting efforts for various mining operations across the Western United States.

In the newly created role of vice-president of permitting, Mr. Kerner will be responsible for leading all aspects of permitting related to the company's development-stage projects, including DeLamar and the Nevada North project. This includes working closely with the U.S. Bureau of Land Management (BLM) in overseeing the mine plan of operations (MPO), federal permitting efforts for the National Environmental Policy Act (NEPA), as well as the numerous ancillary permits required through various federal, state and county agencies.

Mr. Kerner commented: "The DeLamar project is currently at a critical permitting juncture, and I am excited to join the team to contribute to Integra's success. I am eager to apply my recent experience to help navigate the regulatory process and advance this high-quality asset toward rapid permitting, development and production. The current regulatory environment in the U.S. has never been better, with both federal and state governments showing signs of increased efficiency. Now is the time to aggressively drive permitting efforts forward at DeLamar."

George Salamis, president, chief executive officer and director of Integra, commented: "The addition of Dale to our leadership team marks a significant milestone for Integra and demonstrates the quality of Integra's existing team and assets. This key hire is consistent with our major strategic goal of advancing and derisking DeLamar at a crucial time when we are seeing accelerated regulatory permitting and development initiatives in the U.S. at the federal and state levels. Dale's extensive experience and successful track record in new mine permitting will help us advance and derisk DeLamar and Nevada North toward large-scale oxide heap leach development and production. Dale's appointment aligns with our commitment to our shareholders to strengthen our executive team in 2025 as a producing company. We look forward to continuing to bolster the executive leadership team with the expected appointment of a COO in Q1 2025."

2025 gold price protection program update

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

Since the program was announced (refer to Integra's news release from Jan. 22, 2025), Integra purchased additional put options with a strike price of $2,400 (U.S.) per ounce, bringing the total number of hedged ounces from February to December, 2025, to 53,350 (4,850 ounces per month). The total number of hedged ounces from January to December, 2025, is 56,500. The put options are settled in cash.

As the hedging program consists solely of put options, Integra retains the financial flexibility to later offset the 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.

Production that is hedged by put options represents approximately 80 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.

Chief operating officer appointment and 2025 guidance update

As part of a continuing initiative to strengthen Integra's operating and development team, the company initiated hiring efforts for a COO in early 2025. Integra is pleased to share that it has received strong interest in the role from numerous seasoned mining executives. Integra's leadership team recently conducted interviews with a short list of highly qualified candidates and remains committed and on track to appoint the new COO in Q1 2025.

The COO will oversee mining operations in an executive capacity at Florida Canyon and will play a crucial role in determining operating and cost guidance for the mine in 2025 and beyond. The COO will also take the lead on the continuing and future mining and production optimization studies at Florida Canyon. Several optimization studies are under way at Florida Canyon and are expected to be completed in the first half of 2025. Input from the new COO on these important studies and how they will impact future production, operating costs and capital allocation is crucial. The COO will also assume executive-level oversight of the continuing feasibility study for DeLamar, which is expected to be delivered in the first half of 2025.

The company intends to provide formal 2025 operating and cost guidance following the appointment and input from the new COO. Integra will provide additional commentary on operations at Florida Canyon and its key development projects as part of the 2024 fourth quarter and full-year operating and financial results.

Notice of 2024 fourth quarter and full-year results

Integra intends to release its fourth quarter and full-year 2024 operating and financial results after market close on March 26, 2025. Integra will host a conference call and webcast on March 27, 2025, at 11 a.m. Eastern Time/8 a.m. Pacific Time, to discuss the results. Details for the conference call are included below.

Dial-in numbers

Conference ID:  2435675

Toll-free:  800-715-9871

Toll:  1-646-307-1963

About Integra Resources Corp.

Integra is a growing precious metal 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 M&A (mergers and acquisitions) while upholding the highest industry standards for environmental, social and governance practices.

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