Ms. Leily Omoumi reports

I-80 GOLD ANNOUNCES PRICING OF UPSIZED OFFERING OF US$250 MILLION CONVERTIBLE SENIOR NOTES

i-80 Gold Corp. has priced its previously announced offering of unsecured convertible senior notes due 2031. The company intends to issue $250-million (U.S.) aggregate principal amount of notes (or $287.5-million (U.S.) aggregate principal amount if the option granted to the initial purchasers to purchase additional notes is exercised in full). The offering was upsized from the previously announced $200-million (U.S.) (or $230-million (U.S.) if the option granted to the initial purchasers to purchase additional notes was exercised in full).

The notes will bear cash interest paid semi-annually at a rate of 3.75 per cent per annum. The initial conversion rate for the notes will be 519.4805 common shares of the company per $1,000 (U.S.) principal amount of notes, equivalent to an initial conversion price of approximately $1.93 (U.S.) per share. The initial conversion rate represents a premium of approximately 37.5 per cent relative to yesterday's closing market price of the shares on the NYSE American and is subject to adjustment in certain events.

The offering is expected to close on or about March 23, 2026, subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.

i-80 Gold intends to use the net proceeds from this offering to advance the company's gold projects through various stages of development, refurbish the Lone Tree processing plant, and finance resource expansion and infill drilling, as well as for general corporate and working capital purposes.

About i-80 Gold Corp.

i-80 Gold is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The company is the fifth-largest gold mineral resource holder in the state with a pipeline of high-grade multistage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX).

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