Mr. Richard Young reports

I-80 GOLD ANNOUNCES PRICING OF PROSPECTUS OFFERING

In connection with its previously announced prospectus offering of common shares of i-80 Gold Corp. for aggregate gross proceeds of $10 (U.S.), the company has set the pricing of the shares to be offered at 80 cents.

The company anticipates using the net proceeds of the offering for the development of the company's projects in Nevada and for working capital and general corporate purposes as i-80 Gold works toward completion of the second phase of its recapitalization plan targeted for on or about March 31, 2025.

The offering will be made pursuant to a prospectus supplement to the company's short form base shelf prospectus filed on June 21, 2024, which prospectus supplement will be prepared and filed by the company with the securities regulatory authorities in each of the provinces and territories of Canada other than Quebec prior to the closing of the offering and will be filed with the U.S. Securities and Exchange Commission (SEC) pursuant to the company's U.S. registration statement on Form F-10 (registration No. 333-279567), which includes the shelf prospectus and was declared effective by the SEC on June 25, 2024.

The consummation of the offering remains subject to the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE American exchange, and other customary closing conditions. No commissions or finders' fees will be paid in connection with the offering.

Potential investors should read the Canadian shelf prospectus supplement, the U.S. shelf prospectus and the prospectus supplements, which will be filed with the securities commissions of the provinces and territories of Canada and the SEC for more complete information about i-80 and the offering. The Canadian shelf prospectus supplement and the prospectus supplement (when filed) can be found on i-80's profile on SEDAR+ and copies of the U.S. shelf prospectus and prospectus supplement (when filed) can be found on i-80's profile on EDGAR. Printed or electronic copies of these documents may be requested by contacting i-80 Gold's corporate secretary, Jacklynn Hunt, by e-mail at jhunt@i80gold.com or by phone at 1-866-525-6450.

About i-80 Gold Corp.

i-80 Gold is a Nevada-focused mining company with the third-largest gold mineral resources in the state of Nevada. The recapitalization plan under way is designed to unlock the value of the company's high-grade gold deposits to create a Nevada mid-tier gold producer. i-80 Gold's common shares are listed on the TSX and the NYSE American exchange under the trading symbol IAU and IAUX, respectively.

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