Idaho Strategic Resources, Inc. announced the extension of high-grade mineralization at its Mineral Hill rare earth elements (REE) project. The Company is also pleased to report on the progress made at each of its Idaho REE projects and discusses the Company's partnerships and potential opportunities. Mineral Hill REE Project: Over the course of the 2023 rare earth elements geology field season, Idaho Strategic achieved several milestones and laid the foundation for continued success.

In addition to sampling greater than 23% total rare earth elements (TREE) at the Company's Mineral Hill Project, IDR geologists have thus far traced that mineralization for over 0.5 miles of strike length, utilizing the Company's X-Ray Fluorescence (XRF) machine to confirm the continuity and possibly build upon this already impressive REE grade and composition. The Mineral Hill Project is made up of several prospects: Roberts, Phyllis Gross, and Lower Lee Buck. The Roberts prospect's 0.5-mile seam hosts a continuous 1,500-foot carbonatite with thicknesses up to 10 feet, and locally contains assay grades in excess of 23% TREE.

IDR geologists have reason to believe recent samples sent to the lab for analysis may very well exceed the previous TREE grades of 23%. IDR's sampling at Lower Lee Buck returned TREE grades of up to 10%. The Phyllis Gross area, located between the Roberts and Lee Buck prospects, indicates remarkable carbonatite activity and was controlled by one family and largely left unevaluated for over 75 years prior to IDR's ownership.

Detailed geological mapping of the high-grade REE seam at the Roberts prospect in preparation for drill permitting is ongoing and this season's mapping has led to additional carbonatite discoveries identified throughout the Company's broader Mineral Hill project. Simultaneous with the Company's work at its Mineral Hill Project, IDR began the first trenching program at its expansive Lemhi Pass Project with the goal of better understanding its structural geology and undertaking the sampling of prospective and known areas of REE mineralization. The Lemhi Pass Project is made up of numerous prospects spread across 10 square miles and this season IDR commenced trenching on three of its many prospects within the Company's greater Lemhi Pass landholdings: Sparky, In-Trust and Independence.

Assay results are still pending on various samples collected from vastly different geological settings and REE mineralization. Significant and remarkable neodymium mineralization was collected from up to 12-inch-thick low angle faults and mylonite zones. Although these assays are still pending, data collected from a handheld XRF tool promises encouraging results.

The Diamond Creek Project continues to advance its USFS permit for a core drilling program in the Simer and Frank Burch prospects targeted for the summer of 2024. Additional summer geological mapping and sampling for REE's in these areas returned results of up to 5% TREE which enhanced drilling targets. IDR geologists were excited to share highlights of the Company's 2022 Diamond Creek drilling campaign with geologists of the Tobacco Root Geological Society at their 48th Annual Field Conference.

Two areas of Idaho Strategic Resource's projects, Diamond Creek and the Mineral Hill District, were given full-day field trips and the ensuing discussions were productive and informational for both IDR and the attendees at the Tobacco Root Field Conference. Over the past year the folks at IDR have been diligent in seeking and forging relationships with several strategic and community partners. The list includes Idaho National Labs, Dept.

of Energy, Colorado School of Mines, the University of Idaho, Center for Advanced Energy Studies, Idaho Geological Survey, and other Idaho state and local agencies. The Company has also worked with other industry folks that are focused on addressing the lack of a domestic REE supply chain. Over the course of 2023, these relationships have been strengthened and plans are in place to look for opportunities to develop and commercialize new and future mining technologies in tandem with one another.