Integra Resources Announces the Appointment of Carolyn Clark Loder to its Board of Directors

Rhea-AI Summary

Integra Resources Corp. has appointed Carolyn Clark Loder to its Board of Directors, effective February 24, 2021. Loder brings over 30 years of mining experience, specifically in mineral rights and Tribal relations, previously serving at Freeport-McMoRan. The board anticipates her expertise will enhance consultation with Tribal Nations and ESG initiatives, crucial for advancing the DeLamar Project in Idaho. Loder has been recognized in the Top 100 Global Inspirational Women in Mining and holds various leadership positions in mining associations. She received stock options for 100,000 shares at C$4.24 each, exercisable until February 2026.

Positive

• Carolyn Loder's extensive experience in mining and Tribal relations may strengthen Integra's strategic initiatives.
• Her leadership is expected to enhance ESG compliance and community relations as the company advances the DeLamar Project.
• Recognition as one of the Top 100 Global Inspirational Women in Mining highlights her credibility and potential for positive influence.

Negative

• Potential concerns about continuity or experience gaps in the Board as it adapts to new leadership.

VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V:ITR ; NYSE American: ITRG) is pleased to announce the appointment of Carolyn Clark Loder to its Board of Directors (the “Board”). Ms. Loder, a distinguished mining executive with 30+ years of experience in United States based land holdings and relations with Tribal Nations, most recently held the position of Manager of Mineral Rights and Public Lands for Freeport-McMoRan Inc. Ms. Loder was appointed to the Board as an independent Director effective February 24, 2021.

Stephen de Jong, Integra’s Chairman of the Board, commented, “The Board is thrilled to welcome Carolyn, and looks forward to her invaluable guidance on all matters related to consultation with Tribal Nations, ESG, and land management. Carolyn’s award-worthy leadership and experience with large mining operations in the United States will be of great help as Integra advances the DeLamar Project in southwest Idaho.”

Ms. Loder has a M.L.S. in Indian Law from Arizona State University School of Law, and an M.A. with Highest Honors in Physical Geography with a minor in Geology from California State University, Fresno. Ms. Loder is a distinguished leader in mineral rights, land management, multiple land use planning, mineral development, and Tribal Relations. She recently was named in the “Top 100 Global Inspirational Women in Mining for 2020” by Women in Mining – United Kingdom. Ms. Loder has served as President of the California Mining Association, Vice-President of the New Mexico Mining Association, and has been appointed by three U.S. Secretaries of the Interior to the U.S. Bureau of Land Management Resource Advisory Council where she served for nine years, including Vice Chair. As Manager of Mineral Rights and Public Lands for Freeport-McMoRan Inc., she was responsible for the management of mineral rights for all corporate holdings, including exploration, active and in-active operations. Ms. Loder has been recognised with numerous awards for mineral reserve acquisition, leadership and professionalism by corporations, associations, U.S. governmental entities and Tribal Nations.

Ms. Carolyn Clark Loder has been granted incentive stock options in conjunction with her appointment to the Board of Directors, exercisable to purchase in aggregate up to 100,000 common shares in the capital of the Company until February 24, 2026 at an exercise price of C$4.24 per share. The options were granted in accordance with Integra’s Equity Incentive Plan and are subject to vesting provisions.

About Integra Resources

Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project in Idaho, USA. Integra is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C$600 M in 2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver Deposits, in late 2017, the Company has demonstrated significant resource growth and conversion while providing a robust economic study in its maiden Preliminary Economic Assessment. The Company is currently focused on resource growth through brownfield and greenfield exploration and the start of pre-feasibility level studies designed to advance the DeLamar Project towards a potential construction decision. For additional information, please reference the “Technical Report and Preliminary Economic Assessment for the DeLamar and Florida Mountain Gold – Silver Project, Owyhee County, Idaho, USA (October 22, 2019).”

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

FAQ

Who is Carolyn Clark Loder and what role has she taken on at Integra Resources?

Carolyn Clark Loder has been appointed to the Board of Directors of Integra Resources, effective February 24, 2021.

What experience does Carolyn Loder bring to Integra Resources?

Loder has over 30 years of experience in mining, focusing on mineral rights and relations with Tribal Nations.

What is the significance of Carolyn Loder's appointment for Integra Resources?

Her appointment is expected to strengthen Integra's ESG compliance and improve consultation with Tribal Nations, crucial for advancing the DeLamar Project.

What stock options were granted to Carolyn Loder upon her appointment?

Loder was granted stock options for 100,000 shares at an exercise price of C$4.24 each, exercisable until February 24, 2026.