Intrepid Metals Corp. announced it has entered into an option agreement to acquire a 100% interest in the MAN Property from Mining and Mineral Opportunity Ltd. completing a pivotal land consolidation exercise of an established trend of known mineralization within its Corral Copper Project, in Cochise County, Arizona. The company will now control over 9,500 acres, with 1,800 acres made up of patented mining claims and additional surface rights that host the mineralized trend.

With the historical assay data to guide the company are excited to start drilling Corral and quickly move the historical drilling to NI 43-101 standards. Intrepid has been able to secure data from various sources which provides a solid foundation in creating geological interpretations and identifying new target areas. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Project can quickly become an advanced exploration stage project and move towards feasibility level studies.

More details about the Corral Copper Property and the plans for 2023 will be released soon. Dr. Chris Osterman, P. Geo, a consultant of the Company, is a Qualified Person as defined by National Instrument 43-101. Dr. Osterman has reviewed and is responsible for the technical information disclosed in this news release, including the statements with respect to data verification.