i-80 GOLD CORP. provided an update on the underground, advanced-exploration, program at the Company's 100%-owned McCoy-Cove Property. The Cove Mine portal has been collared and more than 300 metres (1,000 feet) of the decline has now been constructed.

The Phase 1 program, which is progressing according to plan, will include the construction of an initial level with multiple drill bays to provide access for upgrading resources. Approximately 40,000 metres of underground definition and expansion drilling is anticipated to commence in Q4-2022 followed by a Feasibility Study anticipated to be completed in 2023. The Cove Mine is one of four projects currently being advanced by i-80 and is expected to be a key component in the Company's plans to restart the Lone Tree autoclave.

The McCoy-Cove Property is strategically located approximately eighty-four kilometres south (by road) of the Company's Lone Tree Complex and immediately south of Nevada Gold Mines' Phoenix Mine within the Battle Mountain-Eureka Trend. The Property is accessed via all-season road from Highway 55 in Nevada. Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.