Intrepid Metals Completes Tombstone Amendment
NEWS RELEASE
Intrepid Metals Completes Tombstone Amendment
May 20, 2025 (TSXV:INTR) (OTCQB:IMTCF)
VANCOUVER, BRITISH COLUMBIA, Intrepid Metals Corp. (TSXV:INTR) (OTCQB:IMTCF)
(“Intrepid” or the “Company”) announces that it has closed its previously announced amendment to the
option agreement dated April 20, 2021 with New Empire Exploration LLC (the "Vendor") to acquire a
100% interest in the Tombstone South Property ("Tombstone") located in Arizona. The amendment
provides for an extension to complete the required US$1,500 ,000 work commitment that is due May
2025 to May 2026, and the US$1,500,000 work commitment that is due May 2026 to May 2027, in
exchange for the issuance of an additional 300,000 common sha res of Intrepid, and payment of an
additional US$25,000, in each case to the Vendor and which has now been completed.
In addition, the Company has entered into a services agreement (the "Agreement") with Resource Stock
Digest ("RSD") pursuant to which, among other things, RSD has agreed to provide certain promotional
services to the Corporation in accordance with Policy 3.4 - Investor Relations, Promotional and Market-
Making Activities of the TSX Venture Exchange (the "Exchange").
RSD has been engaged for an initial 3-month advertising and marketing program, commencing on May
15, 2025, for a total fee of US$10,000 payable from cash on hand. Intrepid may terminate the Agreement
on 30 days notice. RSD conducts interviews with the Company and produces its own content that is
distributed to RSD's subscriber base.
There are no performance factors contained in the Agreement and RSD will not receive common shares
or options as compensation. Further, RSD and the Company are arm's length and, at the time of the
Agreement, neither RSD nor any of its principals have an interest, directly or indirectly, in the securities
of the Company.
Resource Stock Digest is owned and operated by Gerardo Del Real and Nick Hodge and its contact
details are as follows: Attention: Gerardo Del Real, 2051 Gattis School Rd, Ste. 540 PMB 176, Round
Rock, TX 78664, USA; Email: [email protected]; Phone: (844) 334 -4700. The
Agreement is subject to the prior approval of the Exchange.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such
as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in
southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill
ready projects, including the Corral Copper Project (a district scale advanced exploration and
development opportunity with significant shallow historical drill results), the Tombstone South Project
(within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which
was purchased for $1.3B in 2018 1, though mineralization at the Taylor Deposit is not necessarily
indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise
County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona).
Intrepid has assembled an exceptional team with considerable experience with exploration, developing,
and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange
(TSXV) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF” . For
more information, visit www.intrepidmetals.com.
Page 2 of 2
INTREPID METALS CORP.
On behalf of the Company
“Ken Engquist”
CEO
For further information regarding this news release, please contact:
Ken Engquist, CEO
604-681-8030
Notes
1 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32
completes acquisition of Arizona Mining).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws.
Such forward-looking statements relate to: the advancement of the Company’s projects in Arizona ; continued growth and the exploration
potential of the Company’s other mineral projects.
In certain cases, forward -looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that cert ain actions, events or
results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based
on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations and
complete an additional drill program ; the results of exploration activities, commodity prices, the timing and amount of future exploration and
development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits,
the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and
other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, t hey
may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual resu lts,
performance or achievements of the Company to be materially different from any future results, performance or achievements ex pressed or
implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including
risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices,
risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks
related to current global financial conditions and the impact of any future global pandemic on the Company’s business, reliance on key
personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes
and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and
liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional r isks identified in the
“Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from
those described in forward -looking information, there may be other factors that cause actions, events or results n ot to be as anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information
is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation
to publicly update or revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.