Mr. Jason Kosec reports

INTEGRA REPORTS FINAL OXIDE DRILL RESULTS AND KEY OBSERVATIONS FROM STOCKPILE DRILL PROGRAM AT DELAMAR

Integra Resources Corp. has released the remaining drill results from the stockpile drill program at the DeLamar project located in southwestern Idaho. The stockpile drill program was completed in Q2 2023 and totalled 12,588 metres over 321 drill holes. This news release includes results from the remaining 145 drill holes, representing 4,244 metres.

The stockpile drill program at DeLamar was designed to test a large portion of the estimated 60 million tonnes (Mt) of gold and silver mineralized material that was stockpiled and/or used as backfill at the project by previous operators. The company believes that oxide and mixed gold-and-silver-mineralized material from the stockpiles and backfill at DeLamar has the potential to increase the heap leach mine life of the project in future phases and further bolster the robust economics presented in the 2022 prefeasibility study (PFS).

Integra intends to release an updated mineral resource estimate for DeLamar in Q3 2023, which will include the stockpile and backfill mineralized material. In Q4 2023, the company expects to submit the mine plan of operations (MPO) at DeLamar to the United States Bureau of Land Management. The MPO is the first significant step in the National Environmental Policy Act permitting process as it represents the proposed action for the project.

Latest drilling highlights:

• The latest drilling highlights from DeLamar (North DeLamar, stockpile 1) include:
  • NDM-23-133: 0.23 gram per tonne (g/t) gold (Au) and 20.17 g/t silver (Ag) (0.49 g/t gold equivalent (AuEq)) over 103.63 m:
    • NDM-23-127: 0.29 g/t Au and 24.54 g/t Ag (0.61 g/t AuEq) over 30.48 m;
    • NDM-23-131: 0.24 g/t Au and 17.08 g/t Ag (0.46 g/t AuEq) over 97.54 m;
    • WD1-23-324: 0.23 g/t Au and 21.23 g/t Ag (0.50 g/t AuEq) over 27.43 m.
• The latest drilling highlights from Florida Mountain (Jacobs Gulch) include:
  • JG-23-024: 0.33 g/t Au and 10.22 g/t Ag (0.46 g/t AuEq) over 21.34 m;
  • JG-23-138: 0.32 g/t Au and 7.38 g/t Ag (0.41 g/t AuEq) over 41.15 m;
  • JG-23-181: 0.34 g/t Au and 11.15 g/t Ag (0.49 g/t AuEq) over 19.81 m.

Drill program highlights

The stockpile and backfill program tested four targets at DeLamar and two targets at Florida Mountain, representing approximately 49 Mt and 11 Mt of mineralized material, respectively. At DeLamar, the targets included the North DeLamar and Sommercamp backfill, as well as stockpiles 1 and 2. At Florida Mountain, the targets included the Jacobs Gulch stockpile and Tip Top backfill. Highlight intercepts from each target of the drill program released since December, 2022, include:

• DeLamar:
  • North DeLamar backfill:
    • NDM-22-039: 0.27 g/t Au and 24.60 g/t Ag (0.59 g/t AuEq) over 111.25 m.
  • Stockpiles 1 and 2:
    • WD1-23-168: 0.65 g/t Au and 20.91 g/t Ag (0.92 g/t AuEq) over 39.62 m, including 12.51 g/t Au and 31.04 g/t Ag (12.91 g/t AuEq) over 1.52 m.
  • Sommercamp backfill:
    • SC-23-063: 0.50 g/t Au and 18.35 g/t Ag (0.74 g/t AuEq) over 38.10 m.
• Florida Mountain:
  • Jacobs Gulch stockpile:
    • JG-23-109: 0.62 g/t Au and 9.54 g/t Ag (0.74 g/t AuEq) over 76.20 m, including 7.30 g/t Au and 9.13 g/t Ag (7.42 g/t AuEq) over 1.53 m.
  • Tip Top backfill:
    • TT-23-012: 0.40 g/t Au and 12.26 g/t Ag (0.56 g/t AuEq) over 57.91 m, including 6.92 g/t Au and 64.24 g/t Ag (7.75 g/t AuEq) over 1.53 m.

Jason Kosec, Integra's president, chief executive officer and director, commented: "The overall results from the stockpile drill program have confirmed the company's initial belief that the gold-and-silver-mineralized material stockpiled or used as backfill by previous operators has the potential to significantly increase the mine life of the heap leach operation in future phases. The drill program has demonstrated the strong grade continuity, and gold and silver mineralization present within this previously mined material. Located at surface, and in some cases on top of the in situ gold and silver resources, the mineralized stockpiles and backfill have the potential to be mined at a reduced cost in future economic studies, as the material was processed by previous operators and is adjacent to proposed infrastructure. An updated mineral resource estimate on the stockpiles and backfill is expected to demonstrate the potential for this material to bolster the robust production profile and economics outlined in the PFS."

Key observations and next steps:

• The stockpile/backfill mineralized material, a portion of which was included as a prestripping cost in the PFS, has the potential, subject to future studies, to significantly enhance the economics of the overall project:
  • The Jacobs Gulch stockpile (approximately nine Mt) is located at Florida Mountain and contains slightly higher-grade mineralized material than other stockpiles and backfill. Subject to continuing engineering, this stockpile could be placed on the heap leach pad in early years of processing, before the current location becomes a development rock storage facility (DRSF). This stockpile may be included in the MPO submittal.
  • The North DeLamar backfill (approximately 16 Mt) contains the most mineralized material on a tonnage basis, and has the potential to contribute the greatest number of ounces of gold and silver in the upcoming mineral resource estimate. A portion of this mineralized material was included as a prestripping cost in the PFS and will be included in the MPO submittal.
  • The Tip Top backfill (approximately two Mt), located at Florida Mountain, is located on top of the in situ resource. Subject to continuing engineering studies, this backfill material may be included in the MPO submittal.
  • Sommercamp backfill (approximately five Mt) is located at DeLamar and a portion of this mineralized material was included as a prestripping cost in the PFS mine plan. In future mine plans, this material has the potential to be mined at a lower cost, since a portion of it was moved as waste in the PFS. A portion of this backfill will be included in the MPO submittal.
  • Stockpiles 1 (approximately 16 Mt) and 2 (approximately 12 Mt) are located at DeLamar. These stockpiles are not situated on top of in situ resources, which allows flexibility of processing in future mine plans.
• In general, the stockpile/backfill material drilled is consistent in both grade and mineralized width, demonstrating impressive continuity. Access to mineralized material in the stockpiles and backfill is expected to provide additional flexibility to load the heap leach pad during any potential operational- or weather-related events once in operation.
• Metallurgical test work on the mineralized material is under way, with cyanide shakes complete and bottle roll tests from all areas under way. Preliminary bottle roll testing from the DeLamar stockpiles and backfill is encouraging. At least one column leach test from each of the six areas is planned to begin before the end of the year.
• The mineralized stockpiles and backfill that were not included as part of prestripping costs in the PFS are expected to have lower overall mining costs in future economic studies since the material is located at surface and was previously mined, eliminating or limiting additional blasting costs.
• An updated mineral resource estimate is expected this quarter, which should demonstrate strong resource growth at the project from the stockpiles and backfill, further growing the industry-leading resource endowment in the Great basin controlled by Integra.
• The company plans to begin an updated economic study for DeLamar next year, which will include mineralized material from the stockpiles and backfill, highlighting the potential for this material to increase the heap leach mine life, and overall gold and silver production in future phases.
• The company is currently focused on engineering and supporting modelling efforts for the submittal of the MPO in Q4 2023. The primary focus has been on finalizing engineering and sequencing of both the DeLamar and Florida Mountain open pits, DRSF locations, hydrogeologic modelling for wall rock, and water geochemistry, with a concentration on postclosure reclamation and site-wide water balance activities. These engineering and modelling efforts, combined with the completed baseline studies, will be the foundation for the development of the draft environmental impact statement.

Sampling and quality assurance/quality control (QA/QC) procedure

Thorough QA/QC protocols are followed on the project, including insertion of duplicate, blank and standard samples in the assay stream for all drill holes. The samples are submitted directly to American Assay Labs in Reno, Nev., for preparation and analysis. Analysis of gold is performed using fire assay method with atomic absorption (AA) finish on a one-assay-ton aliquot. Gold results over five g/t are rerun using a gravimetric finish. Silver analysis is performed using ICP (inductively coupled plasma) for results up to 100 g/t on a five-acid digestion, with a fire assay, gravimetric finish for results over 100 g/t silver.

Execution of drill program -- methodology

The stockpile drill program was executed at 60 m collar spacings, with select 30 m infill test holes to further verify grade variability in future resource estimation and to provide additional metallurgical samples. All drilling was vertical through the entirety of the stockpiles and backfill material. The drilling was conducted by a combination of sonic and traditional reverse circulation (RC) with casing advance drilling methods. Both these drilling methods maintain high sample quality and integrity throughout the drilling process. Additionally, the two drilling methods provided a basis for continuity comparison. Sampling was conducted at 1.5 m intervals for the whole of the drilling program, with all samples sent to a third party lab for analysis. The sonic drilling provided material suitable for continuing comprehensive metallurgical test work.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Raphael Dutaut, PhD (PGeo), Integra's vice-president, exploration, and Tim Arnold (PE, SME), Integra's chief operating officer. Both individuals are qualified persons (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

DeLamar project overview

The past-producing DeLamar project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, is located in Owyhee county in southwest Idaho. Since acquiring the project in 2017, the company has demonstrated significant resource growth and conversion, while providing robust economic studies in its maiden preliminary economic assessment and PFS. An independent technical report for the PFS on the DeLamar project has been prepared in accordance with the requirements of NI 43-101 and is available under the company's profile at SEDAR+.

About Integra Resources Corp.

Integra is one of the largest precious metals exploration and development companies in the Great basin of the Western United States. Integra is currently focused on advancing its three flagship oxide heap leach projects: the past-producing DeLamar project located in southwestern Idaho, and the Wildcat and Mountain View projects located in western Nevada. The company also holds a portfolio of highly prospective early-stage exploration projects in Idaho, Nevada and Arizona. Integra's long-term vision is to become a leading United States-focused mid-tier gold and silver producer.

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