INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON; INITIAL DUMP VOLUME AND GRADE ESTIMATES UNDERSCORE NEAR-TERM GROWTH POTENTIAL

Core Viewpoint - Integra Resources Corp. has announced positive results from its 2025 growth drilling program at the Florida Canyon Mine in Nevada, aimed at expanding mineral resources and reserves, extending mine life, and enhancing overall value [1][5]. Group 1: Drilling Program Overview - The 2025 growth drilling program includes 16,000 meters of reverse circulation and sonic drilling, focusing on three main areas: near-surface oxide potential, expanding in-situ resources between existing pits, and testing lateral extensions [2][4]. - Approximately 13,000 meters of drilling has been completed to date [2]. Group 2: Near-Surface Oxide Potential - The drilling targets historical low-grade gold-mineralized waste material, which was previously uneconomic at lower gold prices, presenting a significant opportunity to increase mineral resources and potentially extend mine life [4][7]. - Initial results from the South Mine Dump show consistent gold grades, with top intercepts including 0.21 g/t Au over 73.2 meters and 0.20 g/t Au over 68.6 meters [4][17]. - Preliminary estimates suggest a combined potential volume of 34 to 56 million tonnes from the North and South Dumps, with grades ranging from 0.11 to 0.25 g/t Au [5][14]. Group 3: In-Situ Resource Expansion - The program also targets "saddle" and "ridge" areas between existing open pits, which have been sparsely drilled and show potential for significant resource growth [14][15]. - Notable intercepts from these areas include 0.48 g/t Au over 76.2 meters and 0.81 g/t Au over 76.2 meters [17][18]. - Approximately 16% of drill intercepts within the Radio Tower Pit exceed the current cut-off grade of 0.14 g/t Au, indicating strong grade continuity [17]. Group 4: Future Plans and Expectations - The results from the 2025 drill program are expected to support an updated mineral resource and reserve estimate, along with a revised life-of-mine plan in the first half of 2026 [5][14]. - The company aims to demonstrate growth potential formally in 2026, highlighting the opportunity for meaningful returns for shareholders [5][19].