McCoy-Cove Underground Advanced Exploration Proceeding

RENO, NV - i-80 GOLD CORP. is proceeding with its planned underground, advanced-exploration program at the McCoy-Cove Property located in Nevada. McCoy-Cove is one of four projects currently being advanced by i-80 and is one of the key projects contemplated in the Company's plans to restart the Lone Tree processing facility that includes an autoclave. The underground plan will include the construction of a decline and a level that will include multiple drill bays in order to upgrade resources and complete a Feasibility Study. The Cove deposit on the Property represents one of North America's higher grade gold deposits with grades in excess of 10 grams per tonne gold (g/t Au). The deposit remains open for expansion to the southeast.

Formal Request for Proposal (RFP) documents were submitted to six underground mining contractors and site visits were completed in November. Contractor selection will take place in December 2021. i-80 is anticipating breaking ground for the underground plan at McCoy-Cove in early 2022. The initial Scope of Work for the Cove Exploration Decline consists of a new portal and over 1,000 meters of underground development. From this decline and drill platform we will commence a 40,000 meter in-fill and definition drilling campaign, primary focused on upgrading the known resource.