Slide 1: Growing Precious Metals Producer in the Great Basin
Growing Precious Metals Producer in the Great Basin CORPORATE PRESENTATION – JULY 2025 TSX-V: ITR I NYSE: ITRG INTEGRARESOURCES.COM
Slide 2: Cautionary Note & Disclaimer
CAUTIONARY NOTE & DISCLAIMER This document has been prepared by Integra Resources Corp. (“Integra” or the “Company”) solely for the use in connection with the recipient’s evaluation of the Company. This document is a presentation of information about the Company’s activities as the date of the prese
Slide 3: Growth Focused Precious Metals Producer in the Great Basin of the USA
Florida Canyon Mine: Nevada DeLamar Project: Idaho Nevada North Project: Nevada GROWTH FOCUSED PRECIOUS METALS PRODUCER IN THE GREAT BASIN OF THE USA Focused on demonstrating profitability Delivering value through successful mining and operational success at principal operations, efficient project d
Slide 4: Growth Focused Precious Metals Producer
Growth Focused Precious Metals Producer DeLamar Production & Florida Canyon generates cash flow to support Cash Flow the advancement of DeLamar & Nevada North Florida Canyon Growth Built-in pipeline of complementary heap leach Pipeline projects underpin unmatched growth profile Idaho Resource Peer l
Slide 5: Key People: Proven Track Record
Key People: Proven Track Record Executive team with extensive experience in operations, project development, exploration and capital markets George Salamis Clifford Lafleur Andrée St-Germain President, CEO & Director Chief Operating Officer Chief Financial Officer • +30 years of experience • +25 yea
Slide 6: Key Assets: Complementary, High-Quality, Great Basin Focused
Key Assets: Complementary, High-Quality, Great Basin Focused Florida Canyon Mine (Nevada)1 DeLamar Project (Idaho)1 Nevada North Project (Nevada)1,2 Production & Cash Flow Engineering & Permitting De-risking & Growth Status: Acquired by Integra in 2024; Status: 2022 Pre-feasibility Study, 2023 Statu
Slide 7: Key Assets: Sequencing & Production Potential
Key Assets: Sequencing & Production Potential Florida Canyon provides near-term cash flow to fund project advancement and future growth from DeLamar and Nevada North Project Sequencing Exploration Studies & Permitting Production Building blocks in place for potential 20+ Nevada Florida DeLamar year
Slide 8: Corporate Snapshot
Corporate Snapshot Share Structure1 Approx. Ownership Breakdown2 Basic Shares Outstanding 169.0M Top Institutional Investors Options 3.8M Warrants 8.0M RSUs / DSUs 3.3M Fully Diluted Shares Outstanding 184.1M 15% Basic Market Capitalization ~US$265M Retail & Other 45% Cash Balance ~US$61M Institutio
Slide 9: Driving Tangible Value for Stakeholders & Communities
Driving Tangible Value for Stakeholders & Communities OUR APPROACH TO ESG Environmental Social Governance Guided by our mission and core values, ESG is embedded in our decision making at all levels. Integra is committed to creating broad social and economic benefit for the communities surrounding ou
Slide 10: Florida Canyon Mine
Florida Canyon Mine Nevada, USA 10
Slide 11: Florida Canyon Mine: Overview
Florida Canyon Mine: Overview Summary • Heap leach gold operation located approximately 45 miles southwest of Turquoise Ridge Winnemucca, Nevada, adjacent to Interstate Highway 80 NEVADA Hog Ranch (Barrick/Newmont) NORTH (Rex Minerals) Goldstrike • Continuous operation from 1986-2011 and then interm
Slide 12: Florida Canyon Mine: Site Overview
Florida Canyon Mine: Site Overview Maintenance Shop Site Arial View Mining CIC Circuit Crushing Recovery Plant Note: Refer to NI 43-101 technical report titled “Technical Report Florida Canyon Gold Mine, Pershing County, Nevada, USA”, dated July 11, 2024, with an effective date of June 28, 2024, ava
Slide 13: Florida Canyon Mine: Operations Overview
Florida Canyon Mine: Operations Overview Processing Profile Operating Metrics Crushed Tonnes Placed (Mt) ROM Tonnes Placed (Mt) 15 Operating Metrics Unit Q1 2025 FY 20242 Total Material Placed (Mt) 12 Increased ROM material to pad 9 Ore kt 3,021 12,866 6 Waste kt 1,799 8,829 3 Strip ratio waste/ore
Slide 14: Florida Canyon Mine: 2025 Outlook
Florida Canyon Mine: 2025 Outlook Integra is focused on consistent mining operations, process optimization, significant capital investment, and growth 2025 Guidance Gold production ounces 70,000 - 75,000 Total cash cost1 $/oz sold $1,800 - $1,900 Mine-site AISC1 $/oz sold $2,450 - $2,550 Sustaining
Slide 15: Florida Canyon Mine: Optimization & Continuous Improvement
Florida Canyon Mine: Optimization & Continuous Improvement Ongoing optimization studies and trade-off analysis to be reflected in an updated NI 43-101 study in 2026 Continuous improvement initiatives across mining operation Mine Metallurgy Planning Mining Process G&A Fleet Efficiency Note: Refer to
Slide 16: Florida Canyon Mine: Growth Potential
Florida Canyon Mine: Growth Potential Integra focused on defining additional oxide material to support production growth and mine life extension Near Mine Growth Regional Growth North Florida Pit North Canyon Mine HLP Central Pit I-80 Radio ~5 miles Towers Pits South Main HLP Standard Pit Jasperoid
Slide 17: Florida Canyon Mine: 2025 Growth Drilling
Florida Canyon Mine: 2025 Growth Drilling 10,000m RC drill program initiated in May 2025 focused on near-mine, near-surface oxide gold growth targets Drill Program Highlights Opportunity 1: Near-surface oxide potential from historical dump • Targeting large volumes of historical gold-mineralized bac
Slide 18: Florida Canyon Mine: Workforce & Community
Florida Canyon Mine: Workforce & Community Integra’s top priority is developing and protecting Florida Canyon’s workforce and delivering value to local communities • Proud to be an active community partner with financial and volunteer support for various area organizations and events • ~ 270-person
Slide 19: DeLamar Project
DeLamar Project Idaho, USA 19
Slide 20: DeLamar Heap Leach Project: Overview
DeLamar Heap Leach Project: Overview Property includes Summary1 the historic Kinross • 100% owned, advanced gold-silver project in southwestern Idaho DeLamar mine that produced 750koz Au Lucky Friday • 2022 PFS (open-pit, heap-leach) operation producing avg. ~136koz AuEq per (HL) and 47.6Moz Ag1 yea
Slide 21: DeLamar Heap Leach Project: Robust Development Project
DeLamar Heap Leach Project: Robust Development Project 2022 Pre-feasibility Study (HL only) demonstrated solid project economics; Feasibility Study to be delivered in 2025 954koz / 136koz US$314M NPV5% US$814/oz 8-year LOM AuEq 33% IRR 2-year Payback LOM AISC at 35,000tpd Total / Avg. LOM After-Tax
Slide 22: DeLamar Heap Leach Project: Stockpiles & Backfill
DeLamar Heap Leach Project: Stockpiles & Backfill1 • For >20 years, Kinross and other previous owners stockpiled and/or used the mineralized material for backfill that was below the mill cut- off grade • Total defined resource of 504kozs AuEq M&I and 46kozs AuEq Inferred • Average M&I grade of ~0.37
Slide 23: DeLamar Heap Leach Project: The Right Time
DeLamar Heap Leach Project: The Right Time Executive Orders signed at both State and Federal levels to streamline permitting for large development projects Idaho Strategic Permitting, Efficiency, & Economic Development (SPEED) Act: • Executive Order signed by Idaho Governor Brad Little in January 20
Slide 24: Nevada North Project
Nevada North Project Nevada, USA 24
Slide 25: Nevada North Heap Leach Project: Overview
Nevada North Heap Leach Project: Overview Summary1 Wildcat Deposit: Turquoise Ridge • PEA stage, low-sulphidation epithermal gold-silver deposit located in the NEVADA Hog Ranch (Barrick/Newmont) NORTH (Rex Minerals) Goldstrike Farrell Mining District, Nevada, ~56km from the town of Lovelock; 17,612-
Slide 26: Nevada North Heap Leach Project: Simple, High-Margin Operation
Nevada North Heap Leach Project: Simple, High-Margin Operation 2023 Preliminary Economic Assessment outlined a simple, high margin operation with significant exploration potential US$310M NPV5% US$973/oz 1Moz / ~80koz AuEq 13-year LOM 37% IRR 3-year Payback LOM AISC Total / Avg. LOM 100Mt of Ore Min
Slide 27: Wildcat Heap Leach Deposit: Exploration Potential
Wildcat Heap Leach Deposit: Exploration Potential Wildcat is located ~30 miles away from currently operating Florida Canyon mine and demonstrates solid growth potential Commentary Wildcat Surface Samples • Mineralized targets discovered at surface outside the current pit; surface samples collected i
Slide 28: Integra’s Value Proposition
Integra’s Value Proposition 28
Slide 29: Relative Positioning: Cash Flow, Resource Scale & Growth Potential
Relative Positioning: Cash Flow, Resource Scale & Growth Potential Production and cash flow from Florida Canyon supports built-in growth pipeline: DeLamar and Nevada North Basic Market Cap. (US$M) Mineral Resources (Moz AuEq) $3,051 M&I Inferred 13.4 Large gold & silver resource $2,102 $1,823 8.6 in
Slide 30: Relative Positioning: Closing the Valuation Gap
Relative Positioning: Closing the Valuation Gap Transition from developer to producer provides an extremely attractive entry point for investors Consensus P/NAV (ratio) 1.22x 1.06x Significant near-term re-rating potential supported by current peer junior producer multiples; index inclusion to bolst
Slide 31: Next Steps & Corporate Timeline
Next Steps & Corporate Timeline Near term success through profitability, rapid project advancement, disciplined capital allocation, and strategic M&A 2025 Key Objectives Integra Corporate Timeline Exploration Studies & Permitting Production Florida Canyon: generate cash flow, optimization, significa
Slide 32: Building a Mid-tier Precious Metals Producer
Building a Mid-tier Precious Metals Producer Production & Florida Canyon expected to produce ~70kozs Au annually for ~6 years providing Cash Flow exposure to the strong gold price environment; potential for mine life extension Growth Cash flow from Florida Canyon supports built-in growth pipeline vi
Slide 33: Appendix
Appendix
Slide 34: 2025 Corporate Guidance
2025 Corporate Guidance Focused on optimization and capital investment at Florida Canyon and significant advancement of development projects 2025 Guidance Summary Florida Canyon Mine: gold production ounces 70,000 - 75,000 Florida Canyon Mine: total cash cost1 $/oz sold $1,800 - $1,900 Florida Canyo
Slide 35: Board of Directors & Advisors
Board of Directors & Advisors Board of Directors provides deep industry knowledge and strong governance to support the execution of Integra’s strategy Anna Ladd-Kruger Ian Atkinson Carolyn Clark Loder Chair of Board Director Director • +25 years of experience • +50 years of experience • +30 years of
Slide 36: IFRS Measures
IFRS Measures Cautionary Note Regarding Non-IFRS Financial Measures Alternative performance measures in this document such as “cash cost”, “AISC” “after-tax cash flow” are furnished to provide additional information. These non-GAAP performance measures are included in this presentation because these
Slide 37: Mineral Reserves & Resources – Effective December 31, 2024
Mineral Reserves & Resources – Effective December 31, 20241 Mineral Reserves Proven Probable Proven & Probable GOLD (Au) Tonnes (kt) Grade (g/t) Ounces (koz) Tonnes (kt) Grade (g/t) Ounces (koz) Tonnes (kt) Grade (g/t) Ounces (koz) Florida Canyon Mine (a) Oxide - - - 70,385 0.35 785 70,385 0.35 785
Slide 38: Florida Canyon Mine: Notes to Mineral Reserve & Resource Estimate
Florida Canyon Mine: Notes to Mineral Reserve & Resource Estimate Notes to Mineral Reserves: 1. Mineral reserve estimate has been converted into metric tonnes from short tons using a factor of 0.9072. 2. Mineral reserves are reported at the point of delivery to the process plant, using the 2014 CIM
Slide 39: DeLamar Project: Notes to Mineral Reserve & Resource Estimate
DeLamar Project: Notes to Mineral Reserve & Resource Estimate Notes to Mineral Reserves: 1. All estimates of mineral reserves have been prepared in accordance with NI 43-101 and are included within the current measured and indicated mineral resources. 2. Thomas L. Dyer, P.E. for RESPEC in Reno, Neva
Slide 40: Nevada North Project: Notes to Mineral Resource Estimate
Nevada North Project: Notes to Mineral Resource Estimate Notes to Mineral Resources: 1. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 2. William Lewis, P.Geo, and Alan S J San Martin, AusIMM(CP), of Micon International Limited have reviewed and validate
Slide 41: Portfolio Overview: Complementary Portfolio of Great Basin Projects
Portfolio Overview: Complementary Portfolio of Great Basin Projects Idaho Beartrack-Arnett (Revival) Florida PRODUCTION Stibnite (Perpetua) Canyon Kilgore (Excellon) Boise City DeLamar DeLamar Twin Falls Oxide RESOURCE GROWTH Oregon Oakley Black Pine Hog Ranch (Excellon) Turquoise Ridge (Liberty) Ne
Slide 42: DeLamar Project: Untapped Exploration Potential
DeLamar Project: Untapped Exploration Potential ~28km2 of highly prospective exploration ground along strike from current ~4.8Moz AuEq M&I resource; significant non- oxide potential underlying the oxide-mixed resource at DeLamar and Florida Mountain1 BlackSheep Target • ~25km2 of exploration ground
Slide 43: Wildcat Heap Leach Deposit: 2024 Drilling Overview
Wildcat Heap Leach Deposit: 2024 Drilling Overview Drilling confirmed continuity of mineralization and gathered important technical data; critical markers for working exploration hypothesis remain intact for Breccia Pipe target Note: Refer to news release dated December 12, 2024; NI 43-101 technical
Slide 44: Red Canyon Project: Overview
Red Canyon Project: Overview Summary • Red Canyon is located within the most productive stratigraphic horizon in Nevada, host to the largest Carlin style gold deposits; property consists of 6,650-acre land package Turquoise Ridge NEVADA Hog Ranch (Barrick/Newmont) • Broad area of strong hydrothermal
Slide 45: Red Canyon Project: Geochemical Anomalies & Relative Location
Red Canyon Project: Geochemical Anomalies & Relative Location Geochemical Anomalies Project Location Cortez Mine Regional Rampart & Wall productive faults Red Canyon Property Gold Bar Mine Geochemical anomalies suggest a large-scale hydrothermal system is present at the property with elevated Carlin
Slide 46: Red Canyon Project: Drilling Overview
Red Canyon Project: Drilling Overview Long/Cross Sections Drill Targets 2.6 g/t over 22m including 3.0 g/t over 19m 4.5 g/t over 54m A including A’ 9.2 g/t over 22m 3.0 g/t over 11m including 10.3 g/t over 3m 0.5 g/t over 35m 1.1 g/t over 15m 4.6 g/t over 18m Source: Refer to Millennial Precious Met
Slide 47: For more information, please contact
For more information, please contact: Jason Banducci, Vice President Corporate Development & Investor Relations TSX-V: ITR | NYSE: ITRG Email: jason.banducci@integraresources.com 47