Ms. Leily Omoumi reports

I-80 GOLD CLOSES UPSIZED US$287.5 MILLION OFFERING OF CONVERTIBLE SENIOR NOTES

i-80 Gold Corp. has closed its previously announced offering of 3.75 per cent unsecured convertible senior notes due 2031 for an aggregate principal amount of $287.5-million (U.S.), which includes the upsized offering of $250-million (U.S.) and the exercise in full of the $37.5-million (U.S.) option granted to the initial purchasers of the notes. The initial conversion rate for the notes is 519.4805 common shares of the company per $1,000 (U.S.) principal amount of notes, equivalent to an initial conversion price of approximately $1.93 (U.S.) per share.

i-80 Gold intends to use the net proceeds from 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.

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 and the NYSE American.

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