Intrepid Metals Identifies New Porphyry Target at Corral Copper

About this update from Intrepid Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce the identification of the Curly Porphyry Target (" Curly Target "), a newly defined exploration target within its district-scale Corral Copper Project (" Corral " or the " Project ") in Cochise County, Arizona. Identified through the Company's ongoing integrated exploration program, the Curly Target has emerged as a compelling target for a potential porphyry copper-gold system and represents an important advancement in Intrepid's evolving geological model at Corral (see Figure 1 below). The Curly Target will be further evaluated as part of the Company's upcoming induced polarization (" IP ") survey in August, ahead of the planned September drill program, which includes approximately 5,000 metres dedicated to testing high-priority porphyry targets. The Curly Target was identified through the integration of geological mapping, detailed drill core review, targeted field investigations and portable X-ray fluorescence (" pXRF ") analysis. Together, these datasets have identified multiple geological features characteristic of porphyry systems and suggest the Curly Target may lie proximal to a magmatic-hydrothermal center responsible for the extensive carbonate replacement (" CRD ") copper-gold-silver mineralization encountered elsewhere across the Project. "As our understanding of Corral continues to evolve, the Curly Target has emerged as one of the most compelling porphyry targets identified on the Project to date," said Matt Lennox-King, Chairman and Interim CEO of Intrepid Metals. "Our technical work continues to reinforce the interpretation that the extensive CRD mineralization across Corral is related to a larger porphyry system at depth. The identification of porphyry-style alteration, veining and geochemical vectors at the Curly Target represents another important milestone as we prepare to commence our first dedicated porphyry drill program later this year." Defining the Curly Porphyry Target As part of its technical review, the Company undertook a targeted "clast-seeking" program designed to better understand both the distribution and character of intrusive fragments encountered within the drill core. The objective of this work was to identify evidence of nearby porphyry mineralization and provide vectors toward the interpreted source intrusion responsible for the widespread CRD mineralization across the Project.

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