Ms. Leily Omoumi reports

I-80 GOLD LAUNCHES OFFERING OF US$200 MILLION CONVERTIBLE SENIOR NOTES

i-80 Gold Corp. has arranged an offering of unsecured convertible senior notes due 2031 in the aggregate principal amount of $200-million (U.S.). The company expects to grant the initial purchasers of the notes an option to purchase for a period of 20 days up to an additional $30-million (U.S.) aggregate principal amount of notes.

i-80 Gold intends to use the net proceeds of this offering to advance the company's five gold projects through various stages of development, refurbish the Lone Tree processing plant, and finance resource expansion and infill drilling, as well as for general corporate and working capital purposes.

The interest rate, the initial conversion rate and other terms of the notes will be determined by i-80, and the initial purchasers and will depend on market conditions at the time of pricing of the offering. The notes will bear cash interest payable semi-annually at a fixed rate and will be convertible by holders into i-80 Gold common shares. The notes will be redeemable by i-80 Gold at its option in certain circumstances. Holders will have the right to require i-80 Gold to repurchase their notes upon the occurrence of certain events.

The offering is subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.

This news release is neither an offer to sell nor the solicitation of an offer to buy the notes or the shares issuable upon the conversion thereof, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the notes or the shares issuable upon the conversion thereof in any jurisdiction in which such offer, solicitation or sale is unlawful.

About i-80 Gold Corp.

i-80 Gold is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The company is the fifth-largest gold mineral resource holder in the state with a pipeline of high-grade multistage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX).

We seek Safe Harbor.