Id Idaho Strategic Resources, Inc. announced the commencement of its drill program and initial high-grade intercepts at the Company's Golden Chest gold mine. This drill program is designed to target both the H-Vein and the Idaho Vein at-depth below the current underground workings. The high-grade drill intercepts announced in today's press release are from the first hole drilled (GC 23-233) and estimated to be approximately 20 meters below the Company's actively mined stopes on the H-Vein.

Assay results from the H-Vein intercepts indicate 2.24 meters (m) at 18.7 grams per tonne (gpt) gold which is inclusive of 1.31 m at 28.0 gpt gold, reported in true thickness. Assay results for sample intervals of the H-Vein in hole GC 23-233 are shown in the table below and are reported in drilled and calculated true thickness and in grams of gold per tonne (gpt). Initial production from the H-Vein began in April 2023 and the Company has continued to prioritize production from this area while simultaneously filling-in with production from the Idaho Vein as backfill cycles and mine development allow.

Idaho Strategic plans to complete a 12-hole drill program at the Golden Chest mine this fall season. The goal of this drill plan is to add immediate ounces ahead of the Company's current mine production, where existing infrastructure and support is readily available and/or already in-place. With respect to the business of Idaho Strategic Resources, these risks and uncertainties include risks relating to widespread epidemics or pandemic outbreaks, if they occur, including ability to access goods and supplies, the ability to transport products and impacts on employee productivity, the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; interpretations or reinterpretations of geologic information; the accuracy of historic estimates; unfavorable exploration results; ability to obtain permits required for future exploration, development or production; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and conditions and conditions affecting the industry in which the Company operates; The uncertainty of regulatory requirements and conditions of the Company's current drill program to encounter favorable or expected results.