IAU.TO · 2022-04-20 12:00:00

i-80 Gold Continues to Intersect High-Grade Gold in Expansion Drilling at Granite Creek Including 15.3 g/t Au over 10.5m , 10.0 g/t Au over 10.2m , 13.6 g/t Au over 4.7m & 17.6 g/t over 3.0m

Drill Results

i-80 Gold Continues to Intersect High-Grade Gold in Expansion

Drilling at Granite Creek

Including 15.3 g/t Au over

10.5m

, 10.0 g/t Au over

10.2m

, 13.6 g/t Au over

4.7m

& 17.6 g/t over

3.0m

RENO, Nev.

April 20, 2022

/CNW/ -

i-80 GOLD CORP.

(TSX: IAU) (OTCQX: IAUCF)

("i-80", or the "Company")

is pleased to announce

results from four of the final five holes of the Phase 1, 2021, drill program focused primarily on delineating the high-grade "South Pacific" extension

horizon at the Company's Granite Creek Property ("

Granite Creek

" or "

the Property

") located in

Humboldt County, Nevada

The South Pacific Zone ("

SPZ

") is a new zone of high-grade gold mineralization located immediately north of the underground mine workings at

Granite Creek (see Figure 1). In 2021, sixteen (16) holes were completed in the SPZ, successfully defining multiple fault structures that are

demonstrating continuity of mineralization over a strike length of approximately 600 metres and a dip length of approximately 250 metres and

remain wide open for expansion along strike and at depth. Hole iGS21-20 intersected mineralization up-dip and to the south of previous drilling,

closer to the underground workings where it remains open. Drilling in the SPZ horizon displays impressive gold grades and widths of mineralization

and multiple mineralized horizons. Owing to the early success of the expansion drilling program, the ongoing 2022 program has been expanded to

~30,000m.

Final highlight results from 2021 drilling in the South Pacific Zone (and adjacent horizons):

13.8 g/t Au over

2.1 m

& 25.2 g/t Au over

2.2m

in hole iGS21-16

6.1 g/t Au over

2.9 m

& 9.9 g/t Au over

2.5 m

in hole iGS21-17

9.7 g/t Au over

4.0 m

& 10.0 g/t Au over

10.2 m

& 13.7 g/t Au over

5.6 m

& 15.3 g/t Au over

10.5 m

in hole iGS21-19

13.6 g/t Au over

4.7 m

& 17.6 g/t Au over

3.0 m

in hole iGS21-20

Drilling of the South Pacific Zone ("SPZ") is the primary target of the ongoing drill program with multiple drill rigs completing delineation drilling so

that the zone will be included in a resource update following the 2022 program. The SPZ consists of multiple subvertical fault structures located

within both the Upper and Lower Comus rock units. Most structures within the SPZ appear to trend north to northeast (see Figures 1 and 2).

Step-out drilling to expand mineralization along strike and at depth is being completed in 2022.

"Drilling is demonstrating substantial high-grade resource potential in the South Pacific Zone, and it has elevated to our top priority target at

Granite Creek", stated

Ewan Downie

, Chief Executive Officer of i-80. "Owing to indications of improved ground conditions, significant upside, and

proximity to existing underground workings, we have started to drive the decline deeper in order to expedite the development of the SPZ into our

near-term mine plan."

High-grade mineralization at Granite Creek occurs in a near-identical geological setting as that at the multi

million

ounce Turquoise Ridge Mine

located immediately to the north (see Figure 3); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the

large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground

workings.

Additional work at Granite Creek includes development to access mineralization proximal to the underground workings, underground drilling and

mining. i-80 entered into a toll agreement with

Nevada Gold Mines

so that refractory mineralization can begin to be trucked to its Twin Creeks

facility for processing while Company retrofits its

Lone Tree

autoclave (see press release dated

September 7, 2021

Table 1 – Summary Assay Results from New Surface Drilling

2021 New Drill Results from Granite Creek, estimated true widths 60-90%

Drillhole ID

Type

From

(m)

Length

(m)

(g/t)

iGS21-16

Core

357.5

360.6

3.0

8.7

And

Core

364.8

365.8

1.0

51.5

And

Core

381.3

383.4

2.1

13.8

And

Core

395.3

397.5

2.2

25.2

And

Core

477.6

479.5

1.8

9.0

iGS21-17

Core

388.5

391.4

2.9

6.1

And

Core

413.5

416.0

2.5

9.9

iGS21-18

Core

Assays Pending

iGS21-19

Core

322.9

326.9

4.0

9.7

And

Core

355.1

365.3

10.2

10.0

And

Core

372.6

378.3

5.6

13.7

And

Core

393.2

403.7

10.5

15.3

iGS21-20

Core

338.6

343.4

4.7

13.6

And

Core

370.3

373.4

3.0

17.6

And

Core

388.9

390.4

1.5

9.9

Table 1a

Collar Coordinates

UTM

Drillhole ID

East m

North m

Elevation m

Azimuth

Dip

NAD83 Zone 11

iGS21-16

478545

4554162

1472

302

-52

iGS21-17

478596

4554486

1552

270

-60

iGS21-19

478347

4554164

1557

340

-71

iGS21-20

478347

4554164

1557

323

-58

Figure 1 – Long Section View (CNW Group/i-80 Gold Corp)

Figure 2 – Oblique Surface Plan View (CNW Group/i-80 Gold Corp)

Figure 3 – Property Location Map (CNW Group/i-80 Gold Corp)

The Granite Creek Property is strategically located proximal to

Nevada Gold Mines'

Turquoise Ridge and Twin Creeks mines at the north end of

the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in

Nevada

QAQC Procedures

All samples were submitted to either ALS Minerals (ALS) or Paragon Geochemical Assay Laboratories (PAL) both of

Sparks, NV

, which are ISO

9001 and 17025 certified and accredited laboratories, independent of the Company. Samples submitted through PAL and ALS are run through

standard prep methods and analyzed using FA-Pb30-ICP (Au; 30g fire assay) and 48MA-MS (48 element Suite; 0.5g 4-acid digestion/ICP-MS)

methods for PAL and Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES) for ALS. ALS and PAL also

undertake their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold Corp's

QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.

Qualified Person

Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified

Person within the meaning of NI 43-101.

About i-80 Gold Corp.

i-80 Gold Corp.

is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the

development of multiple deposits within the Company's advanced-stage property portfolio to complement existing gold production from the Ruby

Hill open pit.

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable

securities laws, including but not limited to, the expansion or mineral resources at Granite Creek and the potential of the Granite Creek project.

Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance

or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements

expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may",

"would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology,

or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect

the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or

results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual

results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material

adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to

contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs

or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

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SOURCE

i-80 Gold Corp

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%SEDAR: 00052022E

For further information:

Ewan Downie - CEO, Matt Gili - President & COO, Matthew Gollat - EVP Business & Corporate Development,

1.866.525.6450, [email protected], www.i80gold.com

CO: i-80 Gold Corp

CNW 06:00e 20-APR-22

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