INTEGRA ANNOUNCES RECEIPT OF FINAL CASH INSTALLMENT OF US$4,875 FROM WHEATON PRECIOUS METALS IN CONNECTION WITH DELAMAR ROYALTY SALE

TSX Venture Exchange: ITR; New York Stock Exchange: ITRG
www.integraresources.com

VANCOUVER (British Columbia), July 8, 2024 /PRNewswire/ – Integra Resources Corp. (“Integra” or the “Company”) (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that, following the satisfaction of certain closing conditions, it has received the final cash payment of 4.875 million US dollars in connection with the previously announced royalty transaction between its wholly-owned subsidiary, DeLamar Mining Company, and Wheaton Precious Metals (Cayman) Co., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (“Wheaton”). Wheaton has acquired a 1.5% net smelter return royalty on metal production from all of the DeLamar and Florida Mountain deposit claims (together “DeLamar” or the “Project”) for an aggregate cash purchase price of 9.75 million US dollarspaid in two installments (the “Transaction”). Integra received the first installment of 4.875 million US dollars on March 7, 2024.

The net proceeds from the transaction will be used for the continued development of DeLamar, including work to support a feasibility study and advancement of the National Environmental Policy Act permitting process. United States (“WE”).

President, CEO and Director of Integra, Jason Koseccommented : “We are pleased to receive the second and final installment of 4.875 million US dollars “We have received from our partners at Wheaton an amount that will be used directly to advance DeLamar towards a construction decision. The closing of this transaction represents significant recognition of the quality of the DeLamar project and the Integra team. We would like to thank Wheaton for its continued support in helping us achieve our ultimate goal of becoming a leading U.S. gold and silver producer.”

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Raphaël Dutaut, Ph.D (P.Geo), Integra’s Vice President, Exploration. Mr. Dutaut is a “qualified person” within the meaning of National Instrument 43-101 – Disclosure standards for mining projects (“NI 43-101”).

DeLamar Project Overview

The DeLamar project, which has already produced products, includes the DeLamar and the Florida Mountains gold and silver deposits, is located in Owyhee County at the South West IdahoSince acquiring the project in 2017, the Company has demonstrated significant resource growth and conversion while demonstrating robust economics in its first Preliminary Economic Assessment and Preliminary Feasibility Study. An independent technical report for the DeLamar project has been prepared in accordance with the requirements of NI 43-101 and is available under the Company’s profile at www.sedarplus.ca

About Integra Resources

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 two flagship oxide heap leach projects: the legacy DeLamar project in the southwest Idaho and the Nevada North project, consisting of the Wildcat and Mountain View deposits, located in the northwest NevadaThe Company also holds a portfolio of highly promising early stage exploration projects. Idaho, NevadaAnd ArizonaIntegra’s long-term vision is to become a leading mid-sized gold and silver producer focused on the United States.

ON BEHALF OF THE BOARD OF DIRECTORS

Jason Kosec
President, CEO and Director

Forward-Looking Statements and Other Cautionary Statements

Certain information contained in this press release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation and applicable laws and regulations. UNITED STATES securities laws (hereinafter referred to as “forward-looking statements”). Except for statements of historical fact, certain information contained in this document constitutes forward-looking statements, which include, but are not limited to, statements regarding: the use of proceeds of the transaction; the advancement of the project towards a construction decision; the future financial or operating performance of the Company and the Company’s mineral properties and project portfolio; the results of work completed to date; the estimation of mineral resources and reserves; the realization of mineral resource and reserve estimates; the development, operating and economic results of technical reports on the mineral properties referred to in this document; the magnitude or quality of mineral deposits; the anticipated progress of the Company’s mineral properties and project portfolios; exploration expenditures, costs and timing of development of new deposits; underground exploration potential; the costs and timing of future exploration; the completion and timing of future development studies; estimates of metallurgical recovery rates; exploration prospects for the mineral properties; additional capital requirements; future metal prices; government regulation of mining operations; environmental risks; the timing and possible outcome of ongoing regulatory matters; the achievement of expected economic characteristics of the mineral properties; the potential for future growth of the mineral properties; and future development plans.

Forward-looking statements are often identified by the use of words such as “may”, “will”, “could”, “should”, “anticipate”, “believe”, “expect”, “intend”, “potential”, “estimate”, “budget”, “scheduled”, “plans”, “scheduled”, “forecasts”, “objectives” and similar expressions. Forward-looking statements are based on a number of factors and assumptions made by management and believed to be reasonable at the time the information is provided. Assumptions and factors include: the ability of the Company to complete its planned exploration programs; the absence of adverse conditions on the mineral properties; no unforeseen operational delays; no significant delays in obtaining necessary permits; the price of gold remaining at levels that make the mineral properties profitable; the ability of the Company to continue to raise the capital necessary to fund its operations; and the ability to realize its mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: integration risks; general business, economic and competitive uncertainties; actual results of current and future exploration activities; conclusions of economic evaluations; achievement of various anticipated cost estimates; the merits of certain technological uses; changes in project parameters and/or economic evaluations as plans continue to be refined; future metal prices; possible variations in mineral grades or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of facilities, equipment or processes to operate as expected; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; the speculative nature of mineral exploration and development (including risks related to obtaining necessary licenses, permits and approvals from governmental authorities); title to property; and management’s ability to anticipate and manage the foregoing factors and risks. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider the risk factors disclosed in Integra’s Annual Report on Form 20-F dated March 28, 2024 for the financial year ended December 31, 2023.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company’s plans, objectives and goals, and may not be appropriate for other purposes. Forward-looking statements are not guarantees of future performance and the reader is cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Integra Resources Corp.