Consolidation Of Established Copper And Gold Mineralized Trend

VANCOUVER - Intrepid Metals Corp. has entered into an option agreement to acquire the MAN Property from Mining and Mineral Opportunity Ltd. (MMO) completing a pivotal land consolidation exercise of an established trend of known mineralization within its Corral Copper Project, in Cochise County, Arizona. The Corral Copper Project area is located approximately 20 miles from the Tombstone South property and includes 50,000 metres (m) of historical drilling data, with shallow mineralization of copper, silver, gold, and zinc.

"This latest acquisition will effectively complete the consolidation of a 3 km trend of known copper, gold, silver and zinc mineralization within our larger Corral Copper Project area," said Ken Brophy, CEO of Intrepid. "I would like to thank everyone involved in concluding the agreement for this transaction as we can now begin to meaningfully unlock the value within the district. We will now control over 9,500 acres, with 1,800 acres made up of patented mining claims and additional surface rights that host the mineralized trend. With the historical assay data to guide us, we are excited to start drilling Corral and quickly move the historical drilling to NI 43-101 standards."