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Intrepid Metals Appoints Mr. Matthew Lennox-King to Board of Directors

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Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has appointed Matthew Lennox-King to its Board of Directors, effective October 9, 2024. Lennox-King brings over 25 years of mineral exploration experience as both a geologist and company executive. He co-founded Contact Gold and served as its President, CEO, and Director from 2017 until its acquisition by Orla Mining in April 2024. Previously, he was President and CEO of Pilot Gold Inc. and a Senior Geologist at Fronteer Gold Inc.

Intrepid's Chairman, Mark Morabito, and CEO, Ken Engquist, expressed enthusiasm for Lennox-King's addition to the team, citing his technical expertise and leadership experience as valuable assets for advancing the company's Arizona-based projects. Lennox-King was granted 200,000 stock options at an exercise price of $0.38 per share, expiring on October 9, 2029.

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ha nominato Matthew Lennox-King nel suo Consiglio di Amministrazione, a partire dal 9 ottobre 2024. Lennox-King porta con sé oltre 25 anni di esperienza nell'esplorazione mineraria come geologo e dirigente d'azienda. Ha co-fondato Contact Gold e ha ricoperto la carica di Presidente, CEO e Direttore dal 2017 fino all'acquisizione da parte di Orla Mining in aprile 2024. In precedenza, è stato Presidente e CEO di Pilot Gold Inc. e Geologo Senior presso Fronteer Gold Inc.

Il Presidente di Intrepid, Mark Morabito, e il CEO, Ken Engquist, hanno espresso entusiasmo per l'aggiunta di Lennox-King al team, citando la sua esperienza tecnica e le sue capacità di leadership come risorse preziose per il progresso dei progetti dell'azienda in Arizona. A Lennox-King sono state concesse 200.000 opzioni azionarie con un prezzo di esercizio di $0,38 per azione, con scadenza il 9 ottobre 2029.

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ha nombrado a Matthew Lennox-King en su Junta Directiva, con efecto a partir del 9 de octubre de 2024. Lennox-King aporta más de 25 años de experiencia en exploración mineral como geólogo y ejecutivo de empresa. Co-fundó Contact Gold y se desempeñó como su Presidente, CEO y Director desde 2017 hasta su adquisición por Orla Mining en abril de 2024. Anteriormente, fue Presidente y CEO de Pilot Gold Inc. y Geólogo Senior en Fronteer Gold Inc.

El Presidente de Intrepid, Mark Morabito, y el CEO, Ken Engquist, expresaron su entusiasmo por la incorporación de Lennox-King al equipo, citando su experiencia técnica y liderazgo como activos valiosos para avanzar en los proyectos de la compañía en Arizona. A Lennox-King se le otorgaron 200,000 opciones de acciones a un precio de ejercicio de $0.38 por acción, con vencimiento el 9 de octubre de 2029.

인트레피드 메탈스 코퍼레이션 (TSXV: INTR) (OTCQB: IMTCF)은 매튜 레녹스-킹을 2024년 10월 9일부터 이사회의 일원으로 임명했습니다. 레녹스-킹은 지질학자이자 기업 임원으로서 25년 이상의 광물 탐사 경험을 가지고 있습니다. 그는 Contact Gold를 공동 설립했으며, 2017년부터 2024년 4월 Orla Mining에 인수될 때까지 사장, CEO 및 이사로 재직했습니다. 이전에는 Pilot Gold Inc.의 사장 및 CEO로, Fronteer Gold Inc.의 선임 지질학자로 근무했습니다.

인트레피드의 회장인 마크 모라비토와 CEO인 켄 엥퀴스트는 레녹스-킹의 팀 합류에 대한 열정을 표현하며, 그의 기술 전문성과 리더십 경험이 회사의 애리조나 기반 프로젝트를 발전시키는 데 귀중한 자산이라고 언급했습니다. 레녹스-킹에게는 주당 $0.38의 행사 가격으로 200,000주의 주식 옵션이 부여되었으며, 2029년 10월 9일에 만료됩니다.

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) a nommé Matthew Lennox-King au sein de son Conseil d'Administration, avec effet à partir du 9 octobre 2024. Lennox-King apporte plus de 25 ans d'expérience en exploration minérale en tant que géologue et dirigeant d'entreprise. Il a cofondé Contact Gold et a occupé les postes de Président, CEO et Directeur de 2017 jusqu'à son acquisition par Orla Mining en avril 2024. Auparavant, il était Président et CEO de Pilot Gold Inc. et géologue senior chez Fronteer Gold Inc.

Le Président d'Intrepid, Mark Morabito, et le CEO, Ken Engquist, ont exprimé leur enthousiasme quant à l'ajout de Lennox-King à l'équipe, en citant son expertise technique et son expérience en leadership comme des atouts précieux pour faire avancer les projets de la société en Arizona. À Lennox-King, 200 000 options d'actions ont été accordées à un prix d'exercice de 0,38 $ par action, expirant le 9 octobre 2029.

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) hat Matthew Lennox-King in seinen Vorstand berufen, mit Wirkung zum 9. Oktober 2024. Lennox-King bringt über 25 Jahre Erfahrung in der Mineralerkundung sowohl als Geologe als auch als Unternehmensleiter mit. Er war Mitbegründer von Contact Gold und diente von 2017 bis zur Übernahme durch Orla Mining im April 2024 als Präsident, CEO und Direktor. Zuvor war er Präsident und CEO von Pilot Gold Inc. und leitender Geologe bei Fronteer Gold Inc.

Der Vorsitzende von Intrepid, Mark Morabito, und CEO, Ken Engquist, äußerten sich begeistert über Lennox-Kings Hinzunahme zum Team und beschrieben seine technische Expertise und Führungserfahrung als wertvolle Ressourcen für die Weiterentwicklung der Projekte des Unternehmens in Arizona. Lennox-King wurden 200.000 Aktienoptionen mit einem Ausübungspreis von 0,38 $ pro Aktie gewährt, die am 9. Oktober 2029 auslaufen.

Positive
  • Appointment of experienced industry professional Matthew Lennox-King to the Board of Directors
  • Lennox-King brings over 25 years of mineral exploration experience
  • Addition of expertise in finance, corporate governance, and mergers and acquisitions
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 10, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that Mr. Matthew Lennox-King has been appointed to the Board of Directors of Intrepid, effective October 9, 2024.

"We are excited to welcome Matt to our team, bringing his wealth of experience to our board," said Mark Morabito, Chairman of Intrepid. "His technical and leadership background from Contact Gold, Pilot Gold and Fronteer Gold will be a tremendous asset as we advance our projects in Arizona."

"We are very fortunate to have Matt join our team, as we push forward with our dynamic portfolio of Arizona-based projects," stated Ken Engquist, CEO of Intrepid. "Matt's technical expertise and corporate leadership experience will be instrumental to our continued growth, and I'm looking forward to working with him again."

"I am genuinely impressed by the team's vision and dedication to enhancing their Arizona projects, and I look forward to leveraging my experience to support their ongoing success," said Matt Lennox-King, Director of Intrepid, "The project portfolio assembled by Intrepid is impressive, with high copper grades, shallow mineralization, and tremendous exploration potential in a top-tier mining jurisdiction."

Mr. Lennox-King brings over 25 years of mineral exploration experience to the Company, both as a seasoned geologist and a company executive. He co-founded Contact Gold, a TSX-V listed gold company focused on developing oxide gold resources in Nevada, where he served as President, CEO, and Director from its inception in 2017 until its acquisition by Orla Mining in April 2024.

Prior to founding Contact Gold, Mr. Lennox-King served as President and CEO of Pilot Gold Inc., a TSX listed exploration and development company, active in the Western United States and Turkey. Prior to his role at Pilot Gold, he was a Senior Geologist at predecessor company Fronteer Gold Inc. where he played a key role in identifying high-potential properties and leading multimillion-dollar exploration programs that significantly expanded Fronteer Gold's deposits.

Mr. Lennox-King brings comprehensive expertise in mineral exploration, finance, corporate governance, mergers and acquisitions, and executive leadership to his role on the Board of Directors. He holds a B.Sc. in Geological Sciences from the University of British Columbia and was honoured as one of Business in Vancouver's Top 40 Under 40 in 2014.

Mr. Lennox-King was granted incentive stock options to purchase 200,000 common shares of Intrepid at an exercise price equal to $0.38 per share. The options have a 5-year term, expiring October 9, 2029 and vest in equal quarterly instalments over a 12 month period.

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 20181, 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.

INTREPID METALS CORP.
On behalf of the Company
"Mark J. Morabito"
Chairman of the Board

For further information regarding this news release, please contact:

Mark Morabito, Chairman
604-681-8030
mmorabito@kingandbay.com

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, ongoing success; that it has several drill ready projects; the exploration potential of the Corral Copper Property including that it is a district scale advanced exploration and development opportunity with significant shallow historical drill results; the exploration potential of the Company's other mineral projects; and potential future production.

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 certain 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; 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, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed 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 resurgence of COVID-19 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 risks 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 not 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226197

FAQ

Who is the new Board member appointed by Intrepid Metals (IMTCF)?

Matthew Lennox-King has been appointed to the Board of Directors of Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF), effective October 9, 2024.

What is Matthew Lennox-King's background in the mining industry?

Matthew Lennox-King has over 25 years of mineral exploration experience as both a geologist and company executive. He co-founded Contact Gold, served as President and CEO of Pilot Gold Inc., and was a Senior Geologist at Fronteer Gold Inc.

What stock options were granted to Matthew Lennox-King by Intrepid Metals (IMTCF)?

Matthew Lennox-King was granted 200,000 stock options at an exercise price of $0.38 per share. The options have a 5-year term, expiring on October 9, 2029, and vest in equal quarterly installments over a 12-month period.

How does Intrepid Metals (IMTCF) expect to benefit from Matthew Lennox-King's appointment?

Intrepid Metals expects to benefit from Matthew Lennox-King's technical expertise, leadership experience, and comprehensive knowledge in mineral exploration, finance, corporate governance, and mergers and acquisitions as they advance their Arizona-based projects.

INTREPID METALS CORP

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