Intrepid Metals outlines new copper-gold target at Corral Copper

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ( "Intrepid" or the "Company" ) is pleased to announce plans to drill the Kate Target, a newly generated and prioritized carbonate replacement deposit (" CRD ") style copper-gold target at the Company's Corral Copper Project (" Corral " or the " Project ") in Cochise County, Arizona. The Company's systematic surface exploration program highlighted the exploration potential of this area approximately 1.5 kilometres south of the Ringo Zone (see Figure 1 below). The Kate Target adds a new area for drill testing as part of the Company's broader assessment of emerging targets at Corral.

"The Kate Target demonstrates how our groundwork is helping us identify and advance additional targets at Corral," said Matt Lennox-King, Chairman and Interim CEO of Intrepid. "Our mapping and geochemical work drew us to this area, and we were encouraged to find that limited historical drilling had returned copper-gold mineralization at depth. There is more here to follow up on, and we look forward to testing Kate with the drill in the coming weeks."

Highlights:

Expanding exploration south: Located 1.5 kilometres south-southwest of the Ringo Zone.

Target developed through Intrepid's groundwork: Geological mapping, surface geochemistry and oxygen-isotope analysis identified Kate as an area warranting further exploration.

Limited historical drilling supports the interpretation: Historical drilling returned copper-gold mineralization in a geological setting similar to that at the Ringo Zone (see Tables 1 and 2 below for results). 1

Copper grades up to 3.2%

Gold grades up to 5.72 g/t

Historic drill hole MH-03 ended in mineralization

Multiple indicators of hydrothermal activity: Elevated gold and tellurium, oxygen-isotope results and alteration in the surrounding rocks suggest that mine