Integra Resources provides update regarding western Nevada projects

Integra Resources is pleased to provide a corporate update regarding several of the company’s projects located in western Nevada including the Wildcat Project, the Mountain View Project, the Ocelot Project, the Dune Project, the Eden Project, and the Marr Project. The company was provided notice by Royalty Consolidation Company, LLC, a private company controlled by Waterton Precious Metals Fund II Cayman, LP of the sale of 100% of its existing royalty interests in the Nevada Projects to a wholly-owned subsidiary of Franco-Nevada Corporation. The transaction closed on June 15, 2023. No new royalties on the Nevada Projects were granted as part of the transaction between Waterton and Franco-Nevada and no net proceeds from the sale will be recognized by Integra. Integra acquired the Nevada Projects as part of the merger with Millennial Precious Metals Corp., which closed on May 4, 2023. Please refer to Millennial’s latest management discussion & analysis, dated May 30, 2023, for an overview of the existing royalty interests on the Nevada Projects. Integra will update its quarterly disclosure at the next required filing date to reflect the change of royalty ownership at the Nevada Projects. Integra remains focused on achieving several key milestones in 2023, including an updated mineral resource estimate and the submission of the Mine Plan of Operations at the DeLamar Project located in southwestern Idaho, as well as an updated mineral resource estimate and Preliminary Economic Study at the Wildcat & Mountain View Projects, located in western Nevada.