Idaho Strategic Resources, Inc. announced the discovery and sample results of 32 meters (m) of Rare Earth Elements (REE) and Niobium (Nb) mineralization across a drill pad at Diamond Creek. The mineralization was exposed at the surface providing the opportunity to be sampled and recorded during post-drilling reclamation efforts. The company identifies each rare earth elements' individual assayed value contributing to the total rare earth elements (TREE) percentage.

The entire 32m interval averages 1.28% TREE, which IDR views as potential ore grade mineralization. The total REE assays average 1.5% between 4m and 18m, with elevated values of 2% REE at 8m and 12m. The neodymium assay averages 2,714 ppm between 4m and 20m, with a high value of 3,690 ppm at 8m.

Also noted is the continued presence of Niobium. A total of 8 samples reflected Nb greater than 5,000 ppm (0.5%) which exceeded the upper limits of this assay process and are undergoing further testing. Another 4 samples demonstrated values near .5% Nb - with niobium showing a presence in all the samples.

The REE and Niobium mineralization was contiguous and continuous along strike for more than 32 meters. Vertical channel samples were taken every 1 meter for the first 20 meters of exposure, then every 2 meters for the last 12 meters. The exposed geology displayed evidence of dynamic fluid movement along shears and fracture zones forming both replacement and fracture-filling type deposits.

Additionally, the deposit at Diamond Creek appears to be a clay-hosted REE and Niobium deposit. The benefits of a clay-hosted deposit are the potential for less costly, more environmentally friendly mining methods and easier separation methods. Currently, a large portion of the World's heavy rare earth elements are produced from clay-hosted deposits utilizing in-situ mining methods.

The extent of the clays at Diamond Creek are still unknown and further test work is underway to characterize the material and build upon the Company's recent successful exploration results. The Diamond Creek district is located a few miles northwest of Salmon, Idaho, and is listed as one of the top domestic occurrences of REEs in the United States by numerous sources. In 1979, M.H. Staatz, of the U.S. Geological Survey (USGS), estimated an overall probable resource at Diamond Creek of approximately 70,800 metric tonnes of total rare-earth oxides, using an average grade of 1.22%.

The scope of IDR's 2022 Phase 1 program was to test and verify mineralization type and grades. The focus for this year is to build on these results and expand the resource in Phase 2, which includes expanding to the Cymer prospect, located approximately 600 meters to the south of these trench results. One goal of expansion is to locate new mineralization and drill deeper on known occurrences, hopefully adding tonnage (in addition to strike length) to this potential source.

The Phase 2 proposal has already been submitted to the USFS for review. In the meantime, IDR is continuing its geological evaluation of Diamond Creek to help delineate and identify potentially larger covered mineralized systems, or other un-known fracture-fill/replacement type bodies. Additionally, the University of Idaho and the Idaho Geological Survey, as part of the IGEM Program, continue conducting REE ore characterization and alternative "green" recovery methods.