Intrepid Metals Corp. Announced additional results from its initial drill program on the Company's Corral Copper Property (Corral or the Property) in Cochise County, Arizona. A total of 25 holes were completed at the Ringo, Earp and Holliday zones which define a 3-kilometer-long trend of near surface, locally high-grade copper-gold-silver-zinc mineralization.

Intrepid has completed 25 diamond drill holes (4,805.7m) within the private lands at Corral Copper including 2,959.55m at Ringo, 736.40m at Earp and 1,109.75m at Holliday .Drill results have been returned for 22 of 25 drill holes. Results from the remaining 3 holes from the Ringo Zone are expected in the weeks ahead. Intrepid is drill testing a 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint to demonstrate the potential to host economic CRD, skarn, and related porphyry copper mineralization .

To date, the best examples of skarn and CRD related replacement style massive sulphide mineralization occur at Ringo and are concentrated in the Abrigo Formation. Hole CC24-022 cut 6 separate massive sulphide lenses that range in thickness (measured down hole) from 1.00m to 12.35m and contain up to 4.62% Cu (ranging from 0.08%-4.62% Cu) and 5.01 gpt Au (ranging from 0.17 to 5.01 gpt Au; Table 1; Photo 1A - C). The Holiday, Earp and Ringo zones have potential to host bulk tonnage copper-gold-silver-zinc mineralization but also comparatively lower tonnage, high grade copper-gold-silver- zinc mineralization in stacked lenses of high-grade massive sulphide replacement style mineralization at Ringo (hole CC24-022).

Examples of deposits in the region that contain similar mineralization include the past producing Christmas Mine which had underground production of 4.5 Mt at 2.00% Cu (1905-1966)2 and the past producing Bisbee Mine with underground production of 53 Mt at 6% Cu (1880-1975)3. Pastproducing mines within the region are referenced to provide geologic context for Intrepid's property, but this is not necessarily indicative that the Property hosts similar grades or tonnages of mineralization.