Integra Resources Corp. (TSX-V: ITR) (NYSE American: ITRG) announces record fourth quarter and full year 2024 production results from its principal operating asset, the Florida Canyon Mine, located in Nevada. The Company is also pleased to provide the unaudited 2024 year-end cash balance and to announce the implementation of a gold price protection program for 2025 production at Florida Canyon.

George Salamis, President, CEO and Director of Integra commented: “We are excited to announce record gold production of 72,229 ounces from Florida Canyon in 2024, marking the highest total production from the mine in 21 years. This represents a significant milestone for Integra as it marks the inaugural reported production for the Company. Integra ended the year with approximately $52 million in cash, demonstrating the Company’s excellent financial position to begin 2025. We are also pleased to establish a price protection program for 2025 production with the purchase of put options at extremely attractive terms. Utilizing put options effectively secures downside price protection while maintaining full exposure to gold price upside. With a focus on capital allocation, securing production margins in 2025 is critical for demonstrating profitability at Florida Canyon while also supporting the continued advancement of the DeLamar and Nevada North Projects.”

2024 Production Highlights

Fourth quarter 2024 production from Florida Canyon was 21,278 gold ounces. Full year 2024 production was 72,229 gold ounces, representing the highest production from Florida Canyon in the past 21 years.

Full year 2024 production at Florida Canyon met or exceeded previously stated guidance on several key operating and production metrics (refer to Argonaut Gold Inc. news release dated February 26, 2024 available on Argonaut Gold Inc.’s SEDAR+ profile):

• Mined and placed tonnes exceeded the top end of guidance by approximately 16%
• Contained gold ounces mined exceeded the top end of guidance by approximately 17%
• Recoverable placed gold ounces exceeded the top end of guidance by approximately 14%

Abbreviations & Conversions: Au = gold, koz = 1,000 troy ounces, kt = 1,000 metric tonnes, 0.9072 tonnes = 1 short ton, g/t = grams per tonne; Note: “Produced” gold ounces reflects ounces that have been poured and does not include ounces within recovery circuit.

Strong ounce production performance in 2024 at Florida Canyon was supported by the construction and commissioning of the new Phase III-A of the South Heap Leach Pad and enhancements to solution processing systems. Mined and placed material for both the fourth quarter and full year were above expectations as a result of excellent crusher performance and delivery of more Run-of-Mine ore to the leach pad than planned. The fourth quarter was particularly strong with the additional newly constructed carbon-in-column circuit coming online and beginning drawdown of the substantial gold inventory that was placed on the leach pads over the last few years.

The Company intends to release 2025 production and cost guidance in late February and at that point will provide further information on the planned release date for earnings and conference call details.

2024 Year End Cash Position

As at December 31, 2024, the Company’s unaudited cash balance was $52 million. Full financial results for the quarter and full year will be reported and filed on Integra’s profile on SEDAR+ at www.sedarplus.ca and EDGAR profile at www.sec.gov on or before March 27, 2025.

2025 Gold Price Protection Program

Integra is pleased to announce the implementation of a gold price protection program for 2025 production from Florida Canyon. The program is designed to secure margins at Florida Canyon, reduce gold price risk, and to enhance financial flexibility and strength for the Company to support the advancement of its key development assets, the DeLamar Project and the Nevada North Project.

The price protection program consists of the purchase of 37,800 gold ounces of put options with a strike price of $2,400/ounce, equally spread across January 2025 to December 2025. The put options were executed across several tranches from two separate financial institutions in December 2024 and January 2025. The put options will be settled in cash.

As the hedging program currently consists solely of put options, Integra retains the financial flexibility to later offset its initial cash outlay by converting the put options into a zero-cost collar or through the early monetization of the options, based on its assessment of market conditions and capital allocation priorities. Integra will continue to actively evaluate hedging strategies for 2025 and 2026 production at Florida Canyon.

Production hedged by put options represents approximately 54% of the contemplated 2025 gold ounces sold at Florida Canyon as set out in the 2024 NI 43-101 technical report titled: “NI 43-101 Technical Report, Florida Canyon Gold Mine, Pershing County, Nevada, USA”, dated July 11, 2024 with an effective date of June 28, 2024 available under Integra’s SEDAR+ profile at www.sedarplus.ca.

About Integra Resources

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.