Mr. Matthew Lennox-King reports

INTREPID METALS STRENGTHENS TECHNICAL TEAM

Intrepid Metals Corp. has appointed Ken Balleweg, PGeo, as senior geologist. Mr. Balleweg has worked closely with Intrepid since 2022 as a geological consultant and has been an integral member of the company's technical team, contributing to the geological understanding and advancement of its Arizona projects through mapping, structural interpretation, target generation and drill planning.

"As Intrepid advances our Corral copper project through an active 2026 exploration campaign, including expanded surface programs, geophysical surveys and planned drilling, it's important that we continue strengthening our technical team to support the next phase of the project," says Matt Lennox-King, Intrepid chairman and interim chief executive officer. "Ken has been an important member of our technical team since 2022, and his extensive experience with CRD, porphyry and epithermal systems makes him exceptionally well suited to support the next phase of exploration at Corral. We're pleased to welcome him into this expanded role as we continue to unlock the district-scale potential of the project."

Mr. Balleweg is a certified professional geologist with more than 40 years of international mineral exploration and mining experience, specializing in epithermal, carbonate replacement deposit, porphyry, and structurally controlled precious and base metal deposits.

Prior to joining Intrepid, Mr. Balleweg held senior technical and executive roles with Pucara Gold, Alamos Gold and Placer Dome. During a decade as exploration manager and vice-president, exploration, at Alamos Gold, he managed district-scale exploration programs at the Mulatos mine in Sonora, Mexico, overseeing drilling, resource expansion and the discovery of multiple high-grade deposits that replaced reserves throughout production. Earlier in his career with Placer Dome, he played a key role in the geological work that contributed to the discovery of the Gold Rush deposit in Nevada, one of North America's most significant gold discoveries.

Mr. Balleweg holds a BSc in geological engineering and an MSc in geology from the Colorado School of Mines.

San Diego Torrey Hills Capital Inc.

The company has entered into an agreement with Torrey Hills pursuant to which Torrey Hills has agreed to provide investor relations and communications services to the company, including building and maintaining an investor audience for the company through the distribution of news releases and company updates.

Torrey Hills will also work to increase awareness of the company through access to its established relationships with investment professionals including investment advisers, money managers, analysts and market-makers. Torrey Hills will also co-ordinate conference calls and schedule road show meetings for the company. The company will pay Torrey Hills an aggregate fee of $22,500 (U.S.) as consideration for its services, payable in equal monthly instalments of $7,500 (U.S.) for an initial term of three months beginning July 1, 2026. After the end of the initial term, the agreement will continue on a month-to-month basis, at a rate of 7,500 (U.S.) per month, until terminated on 30 days prior notice. All compensation payable to Torrey Hills shall be paid from the company's cash on hand. Torrey Hills is an arm's-length party with respect to the company and does not currently have any direct or indirect interest in the securities of the company, or any right or intent to acquire such an interest.

Torrey Hills is a marketing firm specializing in emerging growth companies and is based in Rancho Santa Fe, Calif. Cliff Mastricola will be responsible for all services provided by Torrey Hills to the company.

About Intrepid Metals Corp.

Intrepid Metals is focused on exploring for high-grade essential metals, including copper, silver and zinc, in established mining jurisdictions in southeastern Arizona, United States. The company's portfolio is anchored by the Corral copper property, an advanced exploration-stage, district-scale system with extensive drilling and significant shallow results, complemented by the Tombstone South and Mesa Well properties. Intrepid is led by an experienced technical and management team with a strong record of advancing and permitting projects across North America. The company trades on the TSX Venture Exchange under the symbol INTR and on the OTCQB Venture Market under the symbol IMTCF.

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