Integra Studies Thickest Gold-Silver Zone to Date at Sullivan Gulch: 1.66 g/t AuEq Over 397 m, Expands Continuity of New Excessive-Grade Construction at Sullivan Gulch With 9.00 g/t Au and 491 g/t Ag (15.32 g/t AuEq) Over 1.52 m

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VANCOUVER, British Columbia, June 13, 2022 (GLOBE NEWSWIRE) — Integra Assets Corp. (“Integra” or the “Firm”) (TSX-V: ITR; NYSE American: ITRG) is happy to announce drill outcomes from the DeLamar Venture (“DeLamar” or the “Venture”) situated in southwestern Idaho. The drill outcomes introduced as we speak proceed to display the scale and magnitude of the low-grade disseminated gold-silver zone at Sullivan Gulch together with the potential for useful resource progress, together with drill gap IDE-22-229 which was drilled 320 m from the pit constrained useful resource at Sullivan Gulch. Intercepts in drill gap IDE-22-228 additionally proceed to display the continuity of the newly found high-grade gold-silver construction that developments Northwest and dips Northeast. Drill gap IDE-22-228 now consists of each the highest-grade silver intercept at DeLamar (please reference the information launch dated Could 25, 2022) and the longest interval of low-grade mineralization thus far on the Venture.

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“Together with intersecting the thickest steady gold-silver intercept thus far on the Venture at a grade of roughly twice the typical grade of the deposit, the drill gap introduced as we speak additional establishes the continuity of the lately found high-grade zone at Sullivan Gulch. This new high-grade gold-silver discovery, residing inside this huge low-grade gold-silver zone, has been expanded via extra intercepts reported as we speak, together with 9.00 g/t Au and 491 g/t Ag over 1.52 M and a couple of.33 g/t Au and 184.02 g/t Ag (4.70 g/t AuEq) over 11.58 m, amongst others. These high-grade intervals happen alongside the brand new Northeast dipping construction above the lately introduced discovery, suggesting the presence of a number of, high-grade buildings that pattern Northwest and dip Northeast at a number of depths over a strike size of at the least 200 m,” famous President and CEO George Salamis. “Exploration outcomes like these reported as we speak, each low-grade and high-grade, are additional proof that whereas the Firm marches ahead to allowing and improvement, the upside potential at DeLamar stays very related. We sit up for continued drilling at DeLamar whereas work continues in assist of mine allowing.”

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The next desk highlights chosen intercepts from the Sullivan Gulch drill outcomes introduced as we speak:

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(1)   Downhole thickness: true width varies relying on drill gap dip; most drill holes are geared toward intersecting the vein buildings near perpendicular subsequently true widths are near downhole widths (roughly 70% conversion ratio)
(2)   Gold equal = g Au/t + (g Ag/t ÷ 77.70)
(3)   Intervals reported are uncapped

Sullivan Gulch:

Together with demonstrating the magnitude of the massive low-grade gold-silver zone at Sullivan Gulch, the drill outcomes introduced as we speak proceed to develop the rising high-grade vein system at Sullivan Gulch that developments Northwest and dips to the Northeast. This newly found construction has been intercepted at a number of depths and alongside a strike size of at the least 200 m. These intercepts additional validate the geological mannequin that along with a well-defined North-northwest trending vein system that dips to the Southwest which has seen nearly all of drilling at Sullivan Gulch, there exists a lithologically managed construction in quartz latite that dips Northeast and is open to the south, laterally, and at depth.

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Typically, the mineralization at Sullivan Gulch is essentially hosted by porphyritic rhyolite and latite models, capped by a banded rhyolite formation, all of that are of mid-Miocene age. The gold-silver mineralization itself consists of a zone of reasonably intense low-sulphidation epithermal veining, clay alteration and associated disseminated sulphides (largely pyrite). Drilling thus far at Sullivan Gulch has delineated mineralization extending over a strike size of 1,000 m with a width of 200 m and a depth of 350 m. IP signifies the potential for mineralization to increase an additional 900 m to the south of the southern-most drilled part of Sullivan Gulch.

To view cross sections of Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/cross_section_228_nr_vuse.pdf

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https://integraresources.com/web site/property/information/2572/cross_section_229_nr_vuse.pdf

To view a photograph of drill core from Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/sg_drill_core_2022june_vfinal.pdf

To view a drill plan map of Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/drill_collar_location_dm_2022june_sm_vuse.pdf

Summer season Work Program and Subsequent Steps:

Following a short pause, the Firm expects to recommence drilling at DeLamar this summer season. The proposed summer season/fall drill program is being executed totally on DeLamar non-public property on historic patented mining claims and is able to proceed on the Firm’s discretion. Drill permits for exploration on patented claims are in course of and Integra can be notifying the Idaho Division of Lands of its intent to drill, offering the Firm with important flexibility in designing and executing drill plans on the Venture. As well as, the seasonal subject research are underway on the web site to assist the rest of the baseline surveys that weren’t accomplished in 2021 in assist of the preliminary Nationwide Environmental Coverage Act (“NEPA”) course of and submittal of the Plan of Operations.

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Sampling and QA/QC Process

Thorough QA/QC protocols are adopted on the Venture, together with insertion of duplicate, clean and normal samples within the assay stream for all drill holes. The samples are submitted on to American Assay Labs in Reno, Nevada for preparation and evaluation. Evaluation of gold is carried out utilizing hearth assay methodology with atomic absorption (AA) end on a 1 assay ton aliquot. Gold outcomes over 5 g/t are re-run utilizing a gravimetric end. Silver evaluation is carried out utilizing ICP for outcomes as much as 100 g/t on a 5-acid digestion, with a hearth assay, gravimetric end for outcomes over 100 g/t silver.

Certified Individual

The scientific and technical data contained on this information launch has been reviewed and authorized by E. Max Baker Ph.D. (F.AusIMM), Integra’s Vice President Exploration of Put up Falls, Idaho, a “Certified Individual” (“QP”) as outlined in Nationwide Instrument 43- 101 – Requirements of Disclosure for Mineral Initiatives.

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About Integra Assets

Integra is a development-stage mining firm centered on the exploration and de-risking of the previous producing DeLamar gold-silver undertaking in Idaho, USA. Integra is led by the administration staff from Integra Gold Corp. which efficiently grew, developed and bought the Lamaque Venture, in Quebec, for C$600m in 2017. Since buying the DeLamar Venture, which incorporates the adjoining DeLamar and Florida Mountain gold and silver deposits, in late 2017, the Firm has demonstrated important useful resource progress and conversion whereas offering strong financial research in its maiden preliminary financial evaluation and now pre-feasibility research. An impartial technical report for the PFS on the DeLamar Venture has been ready in accordance with the necessities of NI 43-101 and is on the market underneath the Firm’s profile at www.sedar.com and on the Firm’s web site at www.integraresources.com.

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ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Company Inquiries: ir@integraresources.com
Firm web site: www.integraresources.com
Workplace telephone: 1 (604) 416-0576

Ahead wanting and different cautionary statements

This information launch incorporates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) inside the which means of the relevant Canadian securities laws. All statements, apart from statements of historic reality, are forward-looking statements and are primarily based on expectations, estimates and projections as on the date of this information launch. Any assertion that includes dialogue with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions or efficiency (typically, however not at all times utilizing phrases corresponding to “plans”, “expects”, “is anticipated”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with unfavourable variations) of such phrases and phrases, or state that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will” be taken, happen or be achieved) are usually not statements of historic reality and could also be forward-looking statements. On this information launch, forward-looking statements relate, amongst different issues, to: statements in regards to the scope, timing and completion of the Pre-feasibility research; estimates of metallurgical restoration charges and the contribution of silver manufacturing to mining operations; anticipated development of DeLamar and future exploration prospects. These forward-looking statements, and any assumptions upon which they’re primarily based, are made in good religion and replicate our present judgment concerning the route of our enterprise. Administration believes that these assumptions are affordable. Ahead-looking data includes recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such components embrace, amongst others: dangers associated to the speculative nature of the Firm’s enterprise; the Firm’s formative stage of improvement; the Firm’s monetary place; potential variations in mineralization, grade or restoration charges; precise outcomes of present exploration actions; precise outcomes of reclamation actions; conclusions of future financial evaluations; enterprise integration dangers; fluctuations usually macroeconomic situations; fluctuations in securities markets; fluctuations in spot and ahead costs of gold, silver, base metals or sure different commodities; fluctuations in forex markets (such because the Canadian greenback to United States greenback alternate fee); change in nationwide and native authorities, laws, taxation, controls rules and political or financial developments; dangers and hazards related to the enterprise of mineral exploration, improvement and mining (together with environmental hazards, industrial accidents, uncommon or surprising formation pressures, cave-ins and flooding); incapability to acquire satisfactory insurance coverage to cowl dangers and hazards; the presence of legal guidelines and rules which will impose restrictions on mining; worker relations; relationships with and claims by native communities and indigenous populations; availability of accelerating prices related to mining inputs and labour; the speculative nature of mineral exploration and improvement (together with the dangers of acquiring vital licenses, permits and approvals from authorities authorities); and title to properties. Though the forward-looking statements contained on this information launch are primarily based upon what administration of Integra believes, or believed on the time, to be affordable assumptions, Integra can not guarantee its shareholders that precise outcomes can be in line with such forward-looking statements, as there could also be different components that trigger outcomes to not be anticipated, estimated, or meant.

Article content material

Ahead-looking statements contained herein are made as of the date of this information launch and the Firm disclaims any obligation to replace any forward-looking statements, whether or not on account of new data, future occasions or outcomes, besides as could also be required by relevant securities legal guidelines. There could be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data.

Cautionary Word for U.S. Traders Regarding Mineral Assets and Reserves

Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101“) is a rule of the Canadian Securities Directors which establishes requirements for all public disclosure an issuer makes of scientific and technical data regarding mineral initiatives. Technical disclosure contained on this information launch has been ready in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.  These requirements differ from the necessities of the U.S. Securities and Alternate Fee (“SEC”) and useful resource data contained on this press launch is probably not akin to related data disclosed by home United States corporations topic to the SEC’s reporting and disclosure necessities.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

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VANCOUVER, British Columbia, June 13, 2022 (GLOBE NEWSWIRE) — Integra Assets Corp. (“Integra” or the “Firm”) (TSX-V: ITR; NYSE American: ITRG) is happy to announce drill outcomes from the DeLamar Venture (“DeLamar” or the “Venture”) situated in southwestern Idaho. The drill outcomes introduced as we speak proceed to display the scale and magnitude of the low-grade disseminated gold-silver zone at Sullivan Gulch together with the potential for useful resource progress, together with drill gap IDE-22-229 which was drilled 320 m from the pit constrained useful resource at Sullivan Gulch. Intercepts in drill gap IDE-22-228 additionally proceed to display the continuity of the newly found high-grade gold-silver construction that developments Northwest and dips Northeast. Drill gap IDE-22-228 now consists of each the highest-grade silver intercept at DeLamar (please reference the information launch dated Could 25, 2022) and the longest interval of low-grade mineralization thus far on the Venture.

Article content material

“Together with intersecting the thickest steady gold-silver intercept thus far on the Venture at a grade of roughly twice the typical grade of the deposit, the drill gap introduced as we speak additional establishes the continuity of the lately found high-grade zone at Sullivan Gulch. This new high-grade gold-silver discovery, residing inside this huge low-grade gold-silver zone, has been expanded via extra intercepts reported as we speak, together with 9.00 g/t Au and 491 g/t Ag over 1.52 M and a couple of.33 g/t Au and 184.02 g/t Ag (4.70 g/t AuEq) over 11.58 m, amongst others. These high-grade intervals happen alongside the brand new Northeast dipping construction above the lately introduced discovery, suggesting the presence of a number of, high-grade buildings that pattern Northwest and dip Northeast at a number of depths over a strike size of at the least 200 m,” famous President and CEO George Salamis. “Exploration outcomes like these reported as we speak, each low-grade and high-grade, are additional proof that whereas the Firm marches ahead to allowing and improvement, the upside potential at DeLamar stays very related. We sit up for continued drilling at DeLamar whereas work continues in assist of mine allowing.”

Article content material

The next desk highlights chosen intercepts from the Sullivan Gulch drill outcomes introduced as we speak:

Article content material

(1)   Downhole thickness: true width varies relying on drill gap dip; most drill holes are geared toward intersecting the vein buildings near perpendicular subsequently true widths are near downhole widths (roughly 70% conversion ratio)
(2)   Gold equal = g Au/t + (g Ag/t ÷ 77.70)
(3)   Intervals reported are uncapped

Sullivan Gulch:

Together with demonstrating the magnitude of the massive low-grade gold-silver zone at Sullivan Gulch, the drill outcomes introduced as we speak proceed to develop the rising high-grade vein system at Sullivan Gulch that developments Northwest and dips to the Northeast. This newly found construction has been intercepted at a number of depths and alongside a strike size of at the least 200 m. These intercepts additional validate the geological mannequin that along with a well-defined North-northwest trending vein system that dips to the Southwest which has seen nearly all of drilling at Sullivan Gulch, there exists a lithologically managed construction in quartz latite that dips Northeast and is open to the south, laterally, and at depth.

Article content material

Typically, the mineralization at Sullivan Gulch is essentially hosted by porphyritic rhyolite and latite models, capped by a banded rhyolite formation, all of that are of mid-Miocene age. The gold-silver mineralization itself consists of a zone of reasonably intense low-sulphidation epithermal veining, clay alteration and associated disseminated sulphides (largely pyrite). Drilling thus far at Sullivan Gulch has delineated mineralization extending over a strike size of 1,000 m with a width of 200 m and a depth of 350 m. IP signifies the potential for mineralization to increase an additional 900 m to the south of the southern-most drilled part of Sullivan Gulch.

To view cross sections of Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/cross_section_228_nr_vuse.pdf

Article content material

https://integraresources.com/web site/property/information/2572/cross_section_229_nr_vuse.pdf

To view a photograph of drill core from Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/sg_drill_core_2022june_vfinal.pdf

To view a drill plan map of Sullivan Gulch, click on on the hyperlink under:
https://integraresources.com/web site/property/information/2572/drill_collar_location_dm_2022june_sm_vuse.pdf

Summer season Work Program and Subsequent Steps:

Following a short pause, the Firm expects to recommence drilling at DeLamar this summer season. The proposed summer season/fall drill program is being executed totally on DeLamar non-public property on historic patented mining claims and is able to proceed on the Firm’s discretion. Drill permits for exploration on patented claims are in course of and Integra can be notifying the Idaho Division of Lands of its intent to drill, offering the Firm with important flexibility in designing and executing drill plans on the Venture. As well as, the seasonal subject research are underway on the web site to assist the rest of the baseline surveys that weren’t accomplished in 2021 in assist of the preliminary Nationwide Environmental Coverage Act (“NEPA”) course of and submittal of the Plan of Operations.

Article content material

Sampling and QA/QC Process

Thorough QA/QC protocols are adopted on the Venture, together with insertion of duplicate, clean and normal samples within the assay stream for all drill holes. The samples are submitted on to American Assay Labs in Reno, Nevada for preparation and evaluation. Evaluation of gold is carried out utilizing hearth assay methodology with atomic absorption (AA) end on a 1 assay ton aliquot. Gold outcomes over 5 g/t are re-run utilizing a gravimetric end. Silver evaluation is carried out utilizing ICP for outcomes as much as 100 g/t on a 5-acid digestion, with a hearth assay, gravimetric end for outcomes over 100 g/t silver.

Certified Individual

The scientific and technical data contained on this information launch has been reviewed and authorized by E. Max Baker Ph.D. (F.AusIMM), Integra’s Vice President Exploration of Put up Falls, Idaho, a “Certified Individual” (“QP”) as outlined in Nationwide Instrument 43- 101 – Requirements of Disclosure for Mineral Initiatives.

Article content material

About Integra Assets

Integra is a development-stage mining firm centered on the exploration and de-risking of the previous producing DeLamar gold-silver undertaking in Idaho, USA. Integra is led by the administration staff from Integra Gold Corp. which efficiently grew, developed and bought the Lamaque Venture, in Quebec, for C$600m in 2017. Since buying the DeLamar Venture, which incorporates the adjoining DeLamar and Florida Mountain gold and silver deposits, in late 2017, the Firm has demonstrated important useful resource progress and conversion whereas offering strong financial research in its maiden preliminary financial evaluation and now pre-feasibility research. An impartial technical report for the PFS on the DeLamar Venture has been ready in accordance with the necessities of NI 43-101 and is on the market underneath the Firm’s profile at www.sedar.com and on the Firm’s web site at www.integraresources.com.

Article content material

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Company Inquiries: ir@integraresources.com
Firm web site: www.integraresources.com
Workplace telephone: 1 (604) 416-0576

Ahead wanting and different cautionary statements

This information launch incorporates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) inside the which means of the relevant Canadian securities laws. All statements, apart from statements of historic reality, are forward-looking statements and are primarily based on expectations, estimates and projections as on the date of this information launch. Any assertion that includes dialogue with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions, future occasions or efficiency (typically, however not at all times utilizing phrases corresponding to “plans”, “expects”, “is anticipated”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with unfavourable variations) of such phrases and phrases, or state that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will” be taken, happen or be achieved) are usually not statements of historic reality and could also be forward-looking statements. On this information launch, forward-looking statements relate, amongst different issues, to: statements in regards to the scope, timing and completion of the Pre-feasibility research; estimates of metallurgical restoration charges and the contribution of silver manufacturing to mining operations; anticipated development of DeLamar and future exploration prospects. These forward-looking statements, and any assumptions upon which they’re primarily based, are made in good religion and replicate our present judgment concerning the route of our enterprise. Administration believes that these assumptions are affordable. Ahead-looking data includes recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such components embrace, amongst others: dangers associated to the speculative nature of the Firm’s enterprise; the Firm’s formative stage of improvement; the Firm’s monetary place; potential variations in mineralization, grade or restoration charges; precise outcomes of present exploration actions; precise outcomes of reclamation actions; conclusions of future financial evaluations; enterprise integration dangers; fluctuations usually macroeconomic situations; fluctuations in securities markets; fluctuations in spot and ahead costs of gold, silver, base metals or sure different commodities; fluctuations in forex markets (such because the Canadian greenback to United States greenback alternate fee); change in nationwide and native authorities, laws, taxation, controls rules and political or financial developments; dangers and hazards related to the enterprise of mineral exploration, improvement and mining (together with environmental hazards, industrial accidents, uncommon or surprising formation pressures, cave-ins and flooding); incapability to acquire satisfactory insurance coverage to cowl dangers and hazards; the presence of legal guidelines and rules which will impose restrictions on mining; worker relations; relationships with and claims by native communities and indigenous populations; availability of accelerating prices related to mining inputs and labour; the speculative nature of mineral exploration and improvement (together with the dangers of acquiring vital licenses, permits and approvals from authorities authorities); and title to properties. Though the forward-looking statements contained on this information launch are primarily based upon what administration of Integra believes, or believed on the time, to be affordable assumptions, Integra can not guarantee its shareholders that precise outcomes can be in line with such forward-looking statements, as there could also be different components that trigger outcomes to not be anticipated, estimated, or meant.

Article content material

Ahead-looking statements contained herein are made as of the date of this information launch and the Firm disclaims any obligation to replace any forward-looking statements, whether or not on account of new data, future occasions or outcomes, besides as could also be required by relevant securities legal guidelines. There could be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data.

Cautionary Word for U.S. Traders Regarding Mineral Assets and Reserves

Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101“) is a rule of the Canadian Securities Directors which establishes requirements for all public disclosure an issuer makes of scientific and technical data regarding mineral initiatives. Technical disclosure contained on this information launch has been ready in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.  These requirements differ from the necessities of the U.S. Securities and Alternate Fee (“SEC”) and useful resource data contained on this press launch is probably not akin to related data disclosed by home United States corporations topic to the SEC’s reporting and disclosure necessities.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.