Integra Resources excercises option to acquire claims at Delamar Project

Integra Resources, through its wholly owned subsidiary, DeLamar Mining Company or DMC, has exercised an option to acquire seventeen unpatented claims in the Rich Gulch area. The Rich Gulch claims are located adjacent to the Florida Mountain Deposit at the DeLamar Project in southwestern Idaho. Upon closing of the Acquisition, DMC will acquire all of the member interests of Rich Gulch, LLC, the undivided 100% owner of the Rich Gulch claims. The closing of the acquisition is subject to the satisfaction of certain closing conditions and consents. DMC has the option to purchase all of the member interests of Rich Gulch pursuant to a membership interest purchase agreement -or MIPA -, to be entered into as between DMC and the Vendor. Under the terms of the MIPA, DMC will acquire all of the Interests in exchange for $2.1B.