Intrepid Metals Corp. announced that it has signed a Drill Contract with Godbe Drilling LLC on the Corral Copper Property in Cochise County, Arizona. The Godbe drill crew is currently on the Property preparing for drilling to commence within the next two weeks.

The Property, which has historical mining shafts, contains 50,000 metres ("m") of historical drilling data, with shallow mineralization of copper, gold, silver and zinc. Work on the Property currently consists of clearing 23 drill pads and reestablishing access roads in preparation for drilling, which is scheduled to commence within the next two week. The initial 5,000 m diamond drill program is expected to consist of 23 drill holes: 7 holes (roughly 1,200 m) at Courtland North, 5 holes (roughly 900 m) at Courtland South, both of which fall within patented mining claims and 11 holes (2,900 m) at Man for which the surface rights will be acquired under the terms of the existing option agreement. Please refer to the map below for drill hole locations.

The drill program is expected to verify the fragmented historical results from various previous drill campaigns and extend certain holes that ended in mineralization. In addition, the Company clarifies that in connection with its recently closed private placement offering, the Company paid finder's fees of $111,429.70 in cash and 321,560 in finder's warrants. Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies.

The leapfrog model image above is derived from drill results that are historical in nature and based on assay information from Skyline Assayers & Laboratories. Intrepid has not yet undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results.