Intrepid Metals Corp. announce that Mr. Ken Engquist has been appointed to the Board of Directors of Intrepid, effective November 8, 2023. Mr. Engquist brings 30 years of leadership and development experience overseeing the de-risking and advancement of numerous mining projects from early-stage exploration through start-up and operations of surface and underground mines located in various jurisdictions all over the world.

He has extensive experience in a wide range of indigenous and community relations and government relations and an in-depth technical knowledge and understanding of project evaluation, market sensitivities, economics, and strategic drivers. Mr. Engquist has led operations, technical studies, work programs and permitting as well as participated in the structuring of several financings and M&A deals in the junior mining sector. The most recent positions he's held were as COO of Western Copper and Gold which was preceded by his role as COO of First Mining Gold.

Other notable development projects of his include Nevsun's Timok Copper Project and South32's Hermosa Zinc Project. Prior to these, a large portion of his career was spent on large capital projects and operations within Rio Tinto's portfolio of assets such as Kennecott Utah Copper, Oyu Tolgoi, Resolution and La Granja as well as Newmont's Cripple Creek and Victor Mine. Mr. Engquist also serves as a Director of Silver One Resources and volunteers his time as a Director-at-Large at the Royal Vancouver Yacht Club.

He holds a B.Sc. in Engineering from Michigan Technological University. Mr. Engquist was granted incentive stock options to purchase 150,000 common shares of Intrepid at an exercise price equal to $0.25 per share.

The options have a 5-year term, expiring November 8, 2028 and vest in equal quarterly installments over a 24 month period, with the first 25% of the options vesting on May 8, 2024.