Slide 1: Exploring For High-Grade Critical & Precious Metals in Arizona
TSXV: INTR | OTCQB: IMTCF Exploring For High-Grade Critical & Precious Metals in Arizona MAY 2026
Slide 2: Forward Looking Statement
F O R WA R D L O O K I N G S T AT E M E N T Certain statements contained in this presentation constitute forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. Such forwar
Slide 3: Define a High-Grade, District-Scale Deposit in a Tier-One Jurisdiction (Arizona)
VISION Define a High-Grade, District- Scale Deposit in a Tier-One Jurisdiction (Arizona) Validated by Leading Strategic Partner, Teck DISTRICT SCALE SHALLOW, HIGH GRADE 20,000+ acre 112.95m @ 1.50% Cu Arizona land package Including 1.40m @ 20.20% Cu MAJOR UPSIDE NEW LEADERSHIP Porphyry & CRD New CEO
Slide 4: Proven Expertise in Exploration & Discovery
LEADERSHIP TEAM Proven Expertise in Exploration & Discovery Directors & Officers Strategic Partner MATT LENNOX-KING. – Chairman & INTERIM CEO Recently acquired 14.9% equity (down to • +30 years of technical and leadership background from Contact Gold, Pilot Gold and Fronteer Gold 12.8% due to strong
Slide 5: Capital Structure
CAPITAL STRUCTURE As of Apr 30, 2026 122.4 M 15.7 M 7.7 M 145.8 M ~$100 M Shares Warrants Options Fully Diluted * Market Capitalization Outstanding 5.0M @ $0.68 Exp. Mar ’27 9.6M @ $0.50 Exp. Oct ’27 Gross proceeds of C$19.1 M from financings and warrant exercises since December 2025 6-Month Stock C
Slide 6: Independent Validation from Strategic Partner
CORRAL COPPER Independent Validation from Strategic Partner Teck Resources invests twice to build strategic stake Strategic capital - Dec 2025: $3.96 M at $0.45 (9.9%) combined with governance-level - Feb 2026: $4.11 M at $0.60 ( to 14.9% - now 12.8% due to strong involvement provides warrant partic
Slide 7: A Tier 1 Mining Jurisdiction
ARIZONA A Tier 1 Mining ~70% Largest mineral- Jurisdiction producing state in the U.S., rich in copper, of all US copper is gold, and critical produced in Arizona* minerals** Intrepid Projects all benefit from year-round access with great infrastructure Mining-friendly Skilled local government workf
Slide 8: Unlocking New Potential
INTREPID PROJECTS Unlocking New Potential CORRAL COPPER TOMBSTONE SOUTH MESA WELL Advanced district-scale exploration Located south of the town of Situated within the Laramide and development project with past Tombstone, targeting high- Copper Porphyry Belt production grade silver, lead, zinc, and C
Slide 9: All in Arizona
Miami 50 km NW Freeport McMoran H 1.6 BT @ 0.63% Cu PROJECTS 55 km NW Pinto Valley Capstone Copper Copper Creek Faraday Copper MESA WELL All in Arizona 1.6 BT @ 0.63% Cu M+I 421.9 MT @ 0.45% Cu 65 km NW 0.008% Mo, 1.1 g/t Resolution RTZ / BHP Ease of Permitting and Large M+I 1.78 BT @ 1.5% Cu San Ma
Slide 10: Similarities to Copper Queen
CORRAL COPPER The Copper Queen Mine, located in Bisbee, Arizona, was one of the Similarities to Copper Queen most significant copper- producing mines in the U.S. from the 1880s Characteristic Copper Queen Corral Copper through the mid-20th Hosted in Paleozoic carbonate century. units - the Cambrian
Slide 11: A High-Grade District-Scale Opportunity
CORRAL COPPER Advanced Stage Exploration Project Land Position A High-Grade ▪ ▪ First time consolidation of land package : +10,000 acres No comprehensive district wide exploration program due to previous fractured ownership (5 agreements signed to consolidate Corral) District-Scale ▪ Large blocks of
Slide 12: Flanked by Majors
CORRAL COPPER Flanked by Majors Following the 2024 drill program, two majors acquired mineral rights immediately adjacent Securing land position: ▪ Rio Tinto, one of the world’s largest mining companies and copper producers, has shown significant interest in the region by securing a large land posit
Slide 13: Teck's Investment Rationale
CORRAL COPPER Teck’s Investment Rationale Scale, grade and Tier-1 Arizona jurisdiction aligned with porphyry upside Exploration work developed extensive high-potential targets across the Target 3 property 2024 & 2025 Drill Programs (~C$8M spent to date) ▪ Drilling to date focused only on carbonate r
Slide 14: Extensive High-Grade CRD Footprint
CORRAL COPPER Extensive High-Grade CRD Footprint ▪ Holliday, Earp, Ringo and Clanton Zones open in all directions ▪ All Zones defined by favorable Abrigo Limestone (and Bolsa Formation), pre- mineral intrusions, alteration and copper-gold-silver-zinc replacement style mineralization and secondary en
Slide 15: Confirmed Porphyry System(s)
CORRAL COPPER Confirmed Porphyry System(s) Widespread QSP and oxidized D Breccia clasts with chalcopyrite – Widespread shallow porphyry- veins and quartz veinlet stockworks molybdenite B-veins style veins stockworks Widespread QSP = phyllic Clasts with chalcopyrite and Cross-cutting porphyry-style a
Slide 16: Several untested Porphyry Targets
CORRAL COPPER A Several untested Porphyry Targets ZTEM Resistivity survey shows potential for more A’ than one porphyry system ZTEM Resistivity survey cut at 500m below surface ▪ ZTEM resistivity survey a powerful tool for targeting as it A A’ maps deep electrical conductivity contrasts ▪ Porphyry/p
Slide 17: 2026 Plan
CORRAL COPPER 2026 Plan Refining porphyry & CRD targets ahead of drill testing, in collaboration with Teck 2026 Field Program ▪ detailed mapping ▪ geophysics including ~60-line km of IP and MT, as well as seismic ▪ geochemical grid sampling of over 450 rocks ▪ Follow-up diamond drilling 2026 Objecti
Slide 18: Taylor Lookalike
Miami 50 km NW Freeport McMoran H 1.6 BT @ 0.63% Cu MESA WELL TOMBSTONE SOUTH Pinto Valley Copper Creek 55 km NW Capstone Copper Faraday Copper 1.6 BT @ 0.63% Cu M+I 421.9 MT @ 0.45% Cu 65 km NW 0.008% Mo, 1.1 g/t Resolution RTZ / BHP M+I 1.78 BT @ 1.5% Cu Taylor Lookalike San Manuel BHP H 1. BT @ 0
Slide 19: Similarities to Prolific Taylor Deposit
TOMBSTONE SOUTH Drilling at Tombstone South Similarities to Prolific was carried out before the Taylor Deposit was Taylor Deposit delineated ▪ Taylor Deposit was discovered in 2015 after drilling Characteristic Taylor Tombstone deeper into the Paleozoic limestone unit CRD mineralization in ▪ The mas
Slide 20: Proposed Drill Program
TOMBSTONE SOUTH Large dipole induced polarization (“IP”) survey completed in May 2022 identified a Proposed Drill Program new CRD target area Drill permits granted to test the new CRD target area Previous drilling not deep enough to encounter contact of Cretaceous Bisbee strata and Paleozoic Limesto
Slide 21: Ideal Location
MESA WELL Ideal Location ▪ Situated within the Laramide Copper Porphyry Belt in Arizona ▪ The Mesa Well project is drill- ready and permitted ▪ Located on easy-to permit state COPPER CREEK land FARADAY COPPER ▪ Covers approximately 6500 acres 421Mt @ 0.45% Cu MESA WELL ▪ Tilted porphyry footprint (l
Slide 22: 2026 Outlook
NEXT STEPS 2026 Outlook A catalyst-rich 2026 driven by active programs across the portfolio ▪ Extensive target generation program Rapidly Advance Corral Copper ▪ Exploration drilling of new porphyry copper targets ▪ Follow-up drilling on existing zones ▪ Refinement of high-grade Taylor analogue targ
Slide 23: Contact Us
CONTACT US INTREPID METALS CORP. Suite 1800 – 2 North Central Ave Phoenix, Arizona, USA 85004 invest@intrepidmetals.com intrepidmetals www.intrepidmetals.com @IntrepidMetals TSXV: INTR | OTCQB: IMTCF 23