i-80 GOLD CORP provided an update on the Company's exploration and development programs at its Granite Creek, Ruby Hill, McCoy-Cove and Lone Tree Properties, highlighting key achievements realized in 2023 including; the commencement of mining operations, increasing gold production and continued success in defining and expanding gold and polymetallic mineralization at all core project sites. Key achievements in 2023 include: Ruby Hill Property: Multi-year drill program continued, confirming multiple discoveries and expanding mineralization in several zones - positive results from 2023 drilling include 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag & 0.6 g/t Au over 40.4 m in hole iRH23-41 (Blackjack), 15.9 % Zn, 4.3 g/t Au & 284.4 g/t Ag over 7.2 m in hole iRH23 -39 (East Hilltop CRD), 20.8 % Zn & 15.0 g/t Ag over 11.6 m in hole i RH23-30 (East Hilltop Skarn), 6.9 g/t Au over 50.7 m in hole iRH23 the40 (Ruby Deeps) and 45.4 g/t Au & 50.2 g/t Ag over 17.5 m in hole iRH23. Advanced permitting for underground development, detailed metallurgical work and processing plan under development; Completed the acquisition of Paycore Minerals and its high-grade FAD deposit; Advanced metallurgical testwork on Hilltop zones and FAD deposit; Announced planned accretive partnership to augment the development of the Property and reduce capital requirements.

Granite Creek Property: Completed positive test mining programs in the Otto and Ogee Zones, resulting in the construction of six mining levels during the year and steady mining of mineralization in H2-2023; Confirmed the potential of the South Pacific Zone with numerous highlight intercepts from surface and underground drilling programs including 15.5 g/t Au over 19.7 m in hole iGS23-05, 31.1 g/t Au over 21.9 m in hole GCPU23-22, and 28.7 g/t Au over 16.5 m in hole GCPU23, 2023; Secured oxide ore sale agreement; Commenced shipping of sulphide mineralization stockpiles to Twin Creeks (NGM) for processing - processing commenced in December; Completed the installation of "Well 6" to improve dewatering capabilities for the development of the South Pacific Zone in 2024; Following additional definition drilling and test mining of the SPZ in 2024, the Company plans to release updated economic studies and resource estimates; McCoy-Cove Property; Completed the Phase 1 underground development program (portal and decline); Positive results from the ongoing ~40,000 metre underground drill program defining the CSD/Gap and Helen Zones include 10.6 g/t gold over 38.8 m in hole iCHU23-14,28.0 g/t Au over 10.4 m in hole iCHU 23-23 and 25.4 g/t Au over 20.1 m in hole iCHU26-28.