Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") announces that due to the Canada postal strike, materials for its upcoming Annual General and Special Meeting (the "Meeting") being held on Thursday, December 19, 2024, are posted under the Company's profile on www.sedarplus.ca, on the Company's website at www.intrepidmetals.com and at https://docs.tsxtrust.com/2340. Shareholders may also request copies of the Information Circular with respect to the Meeting by contacting TSX Trust Company at 1-866-600-5869 or email tsxtis@tmx.com.

The Meeting is being held on Thursday, December 19, 2024 at 11:00 am (Pacific time) at 25^th Floor, 700 West Georgia Street, Vancouver, B.C. V7Y 1B3. The matters to be considered and/or voted on at the Meeting are:

1. To receive and consider the audited consolidated financial statements of the Company for the year ended December 31, 2023 and the report of the auditors thereon.
2. To set the number of directors of the Company at eight.
3. To elect Mark Morabito, Jay Sujir, Mark Lotz, Kenneth Engquist, Brian Shin, Leonard Karr, Matthew Lennox-King and Richard Lock, as directors of the Company until the next annual general meeting of shareholders.
4. To appoint DMCL LLP, Chartered Professional Accountants, as auditors of the Company for the ensuing year and to authorize the directors to fix the auditor's remuneration.
5. To consider and, if thought fit, pass with or without variation, an ordinary resolution approving and ratifying the Company's Amended Stock Option Plan.
6. To consider and, if thought fit, pass with or without variation, an ordinary resolution approving and ratifying the Company's Amended Restricted Share Unit Plan.
7. To transact such other business as may properly come before the Meeting or any adjournment or adjournments thereof.

Emails providing a proxy with the voting control number and instructions for voting will be sent by the Company's transfer agent, TSX Trust Company, to registered shareholders. Shareholders who do not receive an email from TSX Trust Company with their proxy should contact TSX Trust at 1-866-600-5869 or email tsxtis@tmx.com to request their proxy and voting control number.

Non-Objecting Shareholders ("NOBOs") should contact TSX Trust at 1-866-600-5869 or email tsxtis@tmx.com to request their Voting Instruction Form ("VIF") with voting control number and instructions for voting.

Shareholders may also request their voting control number at:
https://www.tsxtrust.com/t/investor-hub/forms/control-number-for-voting-request.

Copies of the Company's financial statements and related management discussion & analysis are available on www.sedarplus.ca and if paper copies have been requested but not yet delivered, they will be delivered once the Canada postal strike concludes.

The Company has satisfied all the conditions to rely, and is relying, on the exemption from the requirement to send proxy-related materials to shareholders during a postal strike as set out in CSA Coordinated Blanket Order 51-931.

About Intrepid Metals Corp.

Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 2018¹, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information, visit www.intrepidmetals.com.

INTREPID METALS CORP.
On behalf of the Company
"Mark J. Morabito"
Chairman of the Board

Notes

¹ Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining).

Cautionary Note Regarding Forward-Looking Information

Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the advancement of the Company's projects in Arizona; continued growth, ongoing success, that it has several drill ready projects; the exploration potential of the Corral Copper Property; the exploration potential of the Company's other mineral projects; and potential future production.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any resurgence of COVID-19 on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232868