Mr. Matthew Lennox-King reports

INTREPID METALS FILES NI 43-101 TECHNICAL REPORT FOR THE CORRAL COPPER PROJECT IN ARIZONA

Intrepid Metals Corp. has completed and filed an independent technical report for the company's district-scale Corral copper project in Cochise county, Arizona.

The report, titled "NI 43-101 Technical Report Corral Copper Exploration Project," was prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has an effective date of Aug. 5, 2026. The technical report was prepared by Alan J. Wainwright, PhD, PGeo, who is a qualified person as defined by NI 43-101 and independent of the company.

The technical report provides a comprehensive overview of Corral, including its property ownership, geological setting, exploration history, historical and recent drilling, mineralization, and exploration potential. It also provides recommendations for the continued advancement of the project.

"Completing the technical report is an important milestone for Corral," said Matt Lennox-King, chairman and interim chief executive officer of Intrepid. "The report brings together the extensive historical work completed across the project with Intrepid's recent exploration and drilling, providing a strong technical foundation for the next phase of work. With shallow copper-gold-silver mineralization already identified and multiple CRD and porphyry targets across the district-scale property, we believe Corral offers considerable opportunity for further discovery and growth."

A copy of the technical report is available under the company's issuer profile on SEDAR+ and on the company's website.

Technical information

All scientific and technical information contained in this news release has been reviewed and approved by Alan J. Wainwright, PhD, PGeo. Mr. Wainwright is a technical adviser to the company and a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

The company is filing the technical report on a voluntary basis, and this filing is not being made pursuant to Subsection 8.3(1) of NI 43-101 as no disclosure document requiring the filing of a technical report has been filed by the company in connection with the project as of the date hereof.

About Intrepid Metals Corp.

Intrepid 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.

Teck Resources Ltd. became an equity stakeholder in Intrepid at the end of 2025. 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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