Multiple High-Grade Drill Results From Three Different Target Areas At Golden Chest Mine

COEUR D'ALENE, ID - Idaho Strategic Resources announced high-grade gold drill results from multiple areas at its Golden Chest Mine, located in the Murray Gold Belt of northern Idaho. The recent drilling campaign has yielded significant intercepts in three different key areas- the Paymaster Veins, the Bush and Jumbo Veins, and the Claggett Vein-each demonstrating robust gold mineralization near existing underground infrastructure. These results underscore the Golden Chest Mine as a target-rich environment and reinforce IDR's commitment to its production-backed exploration strategy.

The Paymaster Veins, located south of the current underground workings, are two moderately dipping gold-bearing veins flanking a quartz monzonite sill. The geological continuity and prior high-grade intercepts from the Paymaster have advanced it to the pre-development stage for conceptual mine planning. The Paymaster is one of the primary areas of current mine reserves and remains open for exploration along strike and down-dip for potential future resource expansion. Idaho Strategic typically plans its exploration efforts in the Paymaster area to align with the winter months due to the relative ease of drilling close to the mine with readily available support when needed. However, the Company is expediting its planned drilling in the Paymaster area and moving in a drill rig next soon.

The Bush and Jumbo Veins, located above and to the north of the current underground workings, are characterized by high-grade gold-quartz veins in the hangingwall of the Idaho Fault. Recent in-fill drilling in this area has confirmed significant gold grades and positions it as a likely area of future gold resources and reserves. The proximity of the Bush and Jumbo Veins to existing infrastructure and to the planned location of the Murray Mill allows for future development with greater operational efficiencies. The Bush and Jumbo Veins have historically shown consistent mineralization, and these latest in-fill drill results reinforce its future production potential.

The Claggett Vein, situated north of the current underground workings, is an emerging target with recent drilling revealing high-grade intercepts in previously underexplored ground. While the Claggett Vein is well documented in historic reports, these results prove that there is potential for additional discoveries where historic data gaps exist. The Claggett Vein is open down dip and along strike to the north. Additionally, with the planned development of an underground drill station, IDR will be positioned to drill both the newly discovered Red Star area and historic footwall veins such the Claggett, Popcorn, and Katie-Dora within the same drill holes.

President and CEO, John Swallow, said, "Our team is well into the busiest year in corporate history and the company is executing nicely. Reinvesting cash flows from ongoing operations across our asset base is the at the core of our production-backed exploration (and development) business plan - balancing sustained gold production with resource expansion and additional discovery. We now have 7 geologists on staff as we move into the prime months for exploration in 2025. Along with supporting geophysics, soil sampling, drilling, and other contractors, our geos are focused not only at the Golden Chest but across the broader Murray Gold Belt and our extensive REE holdings.

The drill results from the Paymaster Veins, the Bush and Jumbo Veins, and the Claggett Vein are a testament to the Golden Chest Mine's continued potential and our team's disciplined strategy. These additional high-grade intercepts, particularly in areas so close to our existing operations, give us a good base toward future production while supporting our plans for the buildout of the paste backfill plant and the new Murray Mill. In addition to the current underground drilling from the existing 941 level, development of a second underground drill station is now underway that will take approximately two months to complete and allow for greater flexibility in drill targeting and mine planning. We also broke ground on a new warehouse building that will aid in streamlining operations as our mine and mill crews eventually consolidate at the Golden Chest."