INTEGRA ANNOUNCES FULL CONVERSION AND REPAYMENT OF BEEDIE CAPITAL CONVERTIBLE DEBENTURE

Core Viewpoint - Integra Resources Corp. has successfully converted and repaid its US$15 million convertible debenture facility with Beedie Capital, strengthening its financial position by eliminating convertible debt from its balance sheet [1][2]. Financial Summary - The company issued a total of 12,295,081 common shares at a deemed price of C$1.6875 (US$1.22) to retire the full principal amount of US$15 million and paid US$2,896,712 in accrued interest and standby fees [1]. - Following the conversion, Integra is now debt-free at the corporate level, which positions the company favorably for future development and permitting at the DeLamar project [2]. Shareholder Impact - Prior to the conversion, Beedie Capital owned approximately 4.01% of the issued and outstanding common shares on a non-diluted basis, which increased to approximately 10.51% post-conversion [3]. - Beedie Capital's decision to convert reflects confidence in Integra's assets and the value demonstrated in the recent Feasibility Study [2]. Company Overview - Integra Resources is a growing precious metals producer focused on operational excellence at its Florida Canyon Mine in Nevada and advancing its development-stage projects, including the DeLamar Project in Idaho and the Nevada North Project [4]. - The company aims to create sustainable value through efficient project development, disciplined capital allocation, and adherence to high environmental, social, and governance standards [4].