Intrepid Metals Expands Corral Copper Exploration Program Following Encouraging Early Phase 1 Results

About this update from Intrepid Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce the completion of the initial geological mapping and geochemical components of its ongoing 2026 Phase 1 Exploration Program (the "Program") at the Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona as outlined in its April 21, 2026 news release. Based on encouraging early-stage field observations and the identification of additional prospective target areas, the Company has expanded the scope of the Program to include additional rock sampling and a new soil sampling grid over parts of the Property. "One of the key objectives of the Phase 1 Program was to systematically evaluate the broader district-scale potential at Corral, and the early results are already highlighting additional areas of interest," says Matt Lennox-King, Intrepid Chairman and Interim-CEO. "The decision to expand the program reflects the strength of the geological observations and alteration patterns identified by our field teams. The identification of gold mineralization at the Mattie Prospect represents a separate and distinct third style of mineralization at Corral Copper, underscoring the Project's metal endowment and enhancing its broader exploration potential. We believe Corral continues to demonstrate the characteristics of a large-scale mineralized system with multiple target opportunities." A total of 1,352 rock samples were collected over 3.5 weeks and include a range of sample methods across the north-central part of the Property to enhance the resolution of Intrepid's ongoing geochemical focused Carbonate Replacement Deposit ("CRD") and Porphyry Copper Deposit ("PCD") targeting initiative which will ultimately be combined with lithological and alteration based targeting to expand known copper-gold-silver mineralization and identify new mineralization at Corral. The objective of the expanded work program is to follow up on newly identified lithological, structural and alteration defined trends identified in the initial mapping campaign and to further refine targets ahead of the Company's planned Phase 2 drill program later in 2026. The drill program is expected to be a combination of d...

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