By:Intrepidmetals

"Having Richard, a highly respected mining engineer with a wealth of experience leading some of the largest and most complex mining projects globally, join our team is a testament to the immense potential of our Arizona-based ventures," said Mark Morabito, Chairman of Intrepid. "His technical expertise and proven leadership are invaluable as we advance our efforts to unlock the full value of these projects and drive sustainable growth."

"We are very excited to welcome Richard to our team as we advance our portfolio of Arizona-based projects," said Ken Engquist, CEO of Intrepid. "Richard brings exceptional technical expertise, honed through his leadership as an executive and project director at landmark Arizona projects such as Arizona Mining's Hermosa Project and Rio Tinto's Resolution Copper Project. His deep experience and strategic insights will be invaluable to our continued growth, and I am excited to collaborate with him again on driving these initiatives forward."

"The project portfolio Intrepid has assembled is remarkable and I'm impressed by the team's commitment to advancing their Arizona projects," said Richard Lock, Director of Intrepid, "I am eager to contribute my experience to support their continued success."

Mr. Lock has over three decades of experience as a mining engineer who has led the construction and development of several large mining projects around the world. He is the CEO of Oroco Resource Corp, who are developing a large copper-gold project in Mexico. Prior to joining Oroco, he was senior Vice-President of PolyMet Mining Corp. and Project Director for its NorthMet Project in Minnesota. Amongst his prior project experience, Mr. Lock has held executive and project director roles at Arizona Mining Inc.'s Hermosa project, a lead-zinc-silver mine in southern Arizona; Yara International's Dallol project, a Sulphate of Potash mining project in Ethiopia; Western Potash Corporation's Milestone project, a potash solution mining project in Canada; and, more significantly, Rio Tinto's Resolution and Keystone copper projects in Arizona and Utah, respectively.

Mr. Lock was granted incentive stock options to purchase 200,000 common shares of Intrepid at an exercise price equal to $0.36 per share. The options have a 5-year term, expiring December 19, 2029 and vest in equal quarterly instalments over a 12 month period.

Mr. Lock was elected to the Board of Directors of Intrepid at the Company's Annual General Meeting ("AGM"), which was held on December 19, 2024. Intrepid also announces that Mr. Ken Brophy and Mr. Alex Klenman retired from the Board during the AGM as part of our ongoing commitment to enhance our leadership. We are grateful for their invaluable contributions and leadership during their tenure. Mr. Brophy remains the President and COO of Intrepid.

About Intrepid Metals Corp.

Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 2018¹, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information,

visit www.intrepidmetals.com.